How do you lose money in casinos?
I’ve run some numbers and sports cards in my day
Only lost on big upset days when I had failed to lay off enough
I think the mega hotel business model is the issue
Most of Vegas today is for drunk kids teaming up in rooms to party...for big timers
There are so many other better serious gambling venues
Reno has lost and continues to lose a lot of CA gamblers who have more and more Indian casinos available much closer to home and not subject to snow-chain issues in the winter. At least three and maybe four big Reno casinos have closed over the past couple of years.
A good accountant can show a loss from prostitution.
The house always wins.
I think these people have some pretty sharp tax attorneys. They can turn anything into a loss if they need to.
Yes, I’m sure Congress, obama, and the unions helped make their job easier.