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

Striker@lemmy.worldmod to Lemmy Shitpost@lemmy.world – 164 points –
15

You are viewing a single comment

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.