Station Casinos reports widening losses in fourth quarter
Losses widened for Station Casinos in the fourth quarter of last year as the company reported net losses at its major Las Vegas casinos. Station today reported a net loss of $3.2 billion in the fourth quarter compared with a loss of $437.4 million for the same period a year ago.
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Do you know that:
- U.S. News and World Report did a comparison of crime rates in cities with gambling versus those that do not. The crime rates were significantly higher in the places that allowed gambling.
- 1941: The Strip gets its first luxury hotel. El Rancho Vegas sets the trend for many of the themed resorts that sprout along the Strip in later years.
1942: The first wedding chapel, the Little Church of the West, opens on the Strip in the Last Frontier Hotel.
- The age of electronic games began in 1964 with the Nevada Electronic's solid state "21" machines. The most successful of these was the Dale Electronics' Poker-Matic, which could be found in most Nevada casinos.
- Gaming is now the States' favorite pastime. More individuals gamble than the combined total of those attending movies, sports, music events, theme parks and live entertainment.