Profits Up for Reno Casinos
Downtown Reno casino profits finally are going up after a long, downhill slide brought on by competition from Indian casinos in California and mega-resorts in Las Vegas, and the Sept. 11, 2001, terrorist attacks.
The Washoe County assessor's staff said profits for casinos in downtown Reno and Sparks were up in the 2005-06 fiscal year that ended June 30, meaning the taxable values are higher in 2007-08.
For the first time in at least a decade, no Reno or Sparks casino lost taxable value.
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