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hughee99

(16,113 posts)

16. Casinos going bankrupt isn't really that uncommon, especially

Reply to jmowreader (Reply #9)

Sun May 12, 2019, 09:30 PM

May 2019

When it’s the person who built it. The construction for some of these lavish structures causes a debt that can be very difficult to overcome.

https://vegasclick.com/casinos/profits

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Trump didn't "lose" a billion dollars over 10 years, he laundered it [View all] Recursion May 2019 OP

I have no doubt that he was up to his shriveled orange gonads The Velveteen Ocelot May 2019 #1

Your premise is inaccurate. Liberty Belle May 2019 #2

Trump's casinos were in major cities and were heavily marketed. The Velveteen Ocelot May 2019 #4

Stupidity in reading the market and mismanagement. That's how Trump lost... Xolodno May 2019 #11

Trump International Hotel Las Vegas has never had a casino dumbcat May 2019 #14

Learned something new. Xolodno May 2019 #15

I'm not really up on the Las Vegas hotel market... jmowreader May 2019 #20

Me either, but I don't think Trump is all that concerned dumbcat May 2019 #23

We did groupon for the Mob Museum. While there I thought of Trump because the mobsters called dem4decades May 2019 #26

But TheFarseer May 2019 #18

He was borrowing at very high interest rates and had borrowed a LOT Roland99 May 2019 #19

"and had an embezzlement issue" Recursion May 2019 #3

The money lost was net operating loss wellst0nev0ter May 2019 #5

He lost plenty, most of it the banks money, which is why he had to turn to the Russians. brush May 2019 #6

Well put! Rollo May 2019 #7

You can definitely lose with a casino if you borrowed too much money to run the business. nt Lucky Luciano May 2019 #8

If anyone could go broke running a casino, it's Trump jmowreader May 2019 #9

Casinos going bankrupt isn't really that uncommon, especially hughee99 May 2019 #16

The real story StickWithLove May 2019 #10

Not to forget that Trump was competing against himself in AC. Not a monopoly. no_hypocrisy May 2019 #12

That too! StickWithLove May 2019 #13

Welcome to Democratic Underground, SWL. Efilroft Sul May 2019 #17

Thank you StickWithLove May 2019 #22

Interesting post. Thank you. PatrickforO May 2019 #24

Ceasars Group was in debt for over twenty billion miyazaki May 2019 #21

Excellent avenue for investigation in Congress. Kid Berwyn May 2019 #25

I hope it's fines and jail for Mnuchin. Nt spooky3 May 2019 #28

Back in 2016 happybird May 2019 #27

Revealing taxes will reveal his laundering scam lindysalsagal May 2019 #29

Real estate depreciation customerserviceguy May 2019 #30

Maybe this is why he's so afraid of getting caught? Initech May 2019 #31