Trump didn't "lose" a billion dollars over 10 years, he laundered it

[Xolodno]

11. Stupidity in reading the market and mismanagement. That's how Trump lost...

...He didn't see the writing on the wall of Indian Casino's of becoming regional draws. He saw it as only two places of legal gambling, Las Vegas and Atlantic City....and invested at the peak of the market.

He thought he would cash in on the traditional mob scene...when a lot of it left when it became corporate. Some casino's saw the writing on the wall, they brought in the shows...at top dollar, raised the cost of buffets, dispelled the myth of cheap hotel rooms, etc. In other words, they stopped relying on gambling as their source of revenue...whereas he, doubled down on a bad hand...while other corporate casino's decided to merge.

I'm going to Vegas nest month, Trump Tower is "Off the Strip"...nor is there any draw to visit it. I don't gamble, but I like going for the atmosphere. We're going to see WOW at the Rio, an off strip casino...Trump's tower has no shows. We are going to go to Carlos and Charlies for four hours due to a groupon....Trump doesn't have this. We are also using groupon and other discounts for a couple of buffets and museums...and of course, Trump doesn't offer anything.

In fact, his tower doesn't offer anything to visit it...nor do they have the proper area for entertainment.

So...hence, no one spends significant money there. His tweets are simplistic, so is his economics and marketing. He can't think in the long term.