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Reno casinos rose

By Daniel Michaels, Feb 15th 2007
Downtown Reno casino income is lastly increasing after a long, effortless period brought on mainly by the rivalry from Indian casinos in California and Las Vegas.

The Washoe County evaluator team sustained that earnings for casinos in downtown Reno and Sparks were high in the 2005-06 economic year. This means that the chargeable values will be bigger in 2007-08.

Values for downtown Reno casinos rose, attaining about $43.6 million, founded on their profits for the fiscal year. Seven casinos rose in value while two remained the same.

Although, that's a big contrast to the $73 million in casino chargeable values lost by eight downtown Reno casinos in the 2006-07 fiscal year which ended on June 30. The income loss made the Reno Redevelopment Agency to lengthen its existence another 10 years to diminish its annual debt costs.

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