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How are all these casino's going bankrupt?

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Participants:

Posts: 6

VegasMaxx

All-Star

Joined: Aug, 2008

Posts: 10098

Posted: Mar. 16, 2009 - 3:09 PM ET #1

How do you make millions of dollars in profit year after year and then they economy turns to shit and a year later you're broke. Somebody explain this to me. What the fuck happened to the billions you've made over the years? wft!

depeche2

Legend

Joined: Feb, 2002

Posts: 67006

Posted: Mar. 16, 2009 - 5:21 PM ET #2

They kep buying more properties and building and taking on debt. Fixed costs are huge so even the slightest capacity decrease makes a huge difference. Or put another way, they gambled too much. Go figure.

FLHX

Banned

Joined: Mar, 2009

Posts: 127

Posted: Mar. 16, 2009 - 5:34 PM ET #3

In the CEO's pocket.

pitbullowner

Veteran

Joined: Aug, 2008

Posts: 2506

Posted: Mar. 18, 2009 - 1:49 PM ET #4

Trump is out of the business period. "To much behind the scene red tape and not enough money". His name will remain on the strip in AC, but he has nothing to do with the business.

MWC

Veteran

Joined: Sep, 2006

Posts: 3311

Posted: Mar. 18, 2009 - 5:19 PM ET #5

Because corporations are separate entities. As in, no one is personally accountable. So when the going is good, you push, push and push some more til things aren't good anymore.

luckeyhal

Prospect

Joined: Sep, 2006

Posts: 182

Posted: Apr. 6, 2009 - 12:00 AM ET #6

trump wants his name off as fast as he can

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How are all these casino's going bankrupt?

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