Casinos on the Las Vegas Strip had one of their best years in recent memory in terms of writing off uncollectable gambling debts, according to 2016 figures.
David Schwartz, a longtime number cruncher at the University of Nevada, Las Vegas Center for Gaming Research, filed a report last month examining credit issued to gamblers by Nevada casinos, using data culled from the Nevada Gaming Abstract, dipping as far back as 1980.
Nevada casinos dont directly reveal their credit activity but the Abstracts casino expenses section does contain a column indicating bad debt provisions, which Schwartz says offers insights into how well casinos are managing their credit risks.
In fiscal 2016, Strip casinos which bear the overwhelming bulk of the states…
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