Nevada Casinos Lose in '13

Nevada Casinos: Business is up, profits are down.

The numbers are in and they're not good. According to the Nevada Gaming Control Board, Nevada's biggest casinos suffered losses in 2013 for the 5th straight year.

These stats are for casinos that gross a million dollars or more in gambling money during the year.

People gambled 0.4% more in '13 than they did in 2012, but the casinos' losses grew by 11.2%. Speculation is that operating expenses are responsible for the losses. That would be my guess, too...but I wouldn't want to bet on it.