How can casinos stay open when they lose so much money?

Striker@lemmy.worldmod to Lemmy Shitpost@lemmy.world – 164 points –
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The real question is: How did Trump run a casino that went bankrupt?

Because it was used to launder money. And, bankrupting a business is actually a way to avoid taxes, especially when you regularly lie on your tax filings.

Also he's a terrible businessman and was using it as a personal piggybank, as he is wont to do with any business he runs.

Don't forget that his dad gave him an illegal gift by purchasing $3.5 million in chips never intending to use them or cash them back in.

Because he opened a second casino on the same strip, effectively competing for limited customers with his first casino, ensuring that both casinos failed. I'm serious. He really did that lol