Vegas only loses $943 million

The Las Vegas strip lost $943 million on revenues of $16.3 billion in 2014.  (Source).  This was better than 2013 when it lost $1.4 billion.  (See Vegas is finished.)

A big chunk of that money was lost by Caesar's Entertainment, which lost $2.77 billion worldwide (including $2.67 billion of interest expense) on $8.5 billion of revenue in 2014. It owns or operates the following casinos in Las Vegas:

• Caesars Palace Las Vegas
• Octavius Tower
• LINQ Hotel
• Bally's 
• Paris
• The Cromwell
• Planet Hollywood
• Flamingo
• Rio All-Suites
• Harrah's Las Vegas

We can presume that one or more of these is a consistent money-loser.

Through slight of hand, Caesar's filed for chapter 11 bankruptcy and only its namesake Caesars Palace was included (along with various casinos in Atlantic City and elsewhere).

In a logical world, the money losing casinos would be shut down.  But Vegas is anything but.

===================================
The most profitable casinos in Las Vegas are:

• Wynn
• Bellagio
• Venetian and Palazzo
• MGM Grand
• Mirage

All these made more than $100 million in profit last year.