Nevada casinos would be able to hide some of their financial losses if state gaming regulators eliminate a public reporting requirement.
The Nevada Gaming Control Board in March is slated to examine a proposal ending the public reporting requirement, which proponents say causes harm to Nevada casinos by revealing too much information to competitors.
Gaming attorney Frank Schreck in February told the board the public reporting requirement creates a competitive disadvantage for privately owned gaming operations by forcing them to provide highly detailed financial information about each specific property.
By contrast, Schreck says publicly owned casinos simply can consolidate their information and provide it based on market data, rather than identifying and enumerating highly detailed information about each property.
The Gaming Control Board did not indicate opposition to the proposed measure during its February 3 meeting, the Associated Press reports, and the Nevada Gaming will address the matter on March 17.
