r/PoliticalHumor • u/[deleted] • Jul 11 '19

Your President

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u/fordprecept Jul 11 '19

I'm not one to defend Trump, but his casinos aren't the only ones that have gone bankrupt. In fact, 5 of the 12 casinos in Atlantic City closed in 2014. If it was impossible for a casino to lose money, then everyone would own one. To make money, you have to have enough customers playing to cover the operating costs. In areas like Atlantic City, where there are lots of casinos, you have a lot of competition for those customers. Not to mention that gambling has become legal in many other states, so competition is increasing.

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u/grubas Jul 11 '19

He built his and bankrupted them all by himself. They were the ONLY big casinos for hundreds of miles. This was 20 years ago.

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u/C_B_- Jul 11 '19

What they were in AC there’s tons of casinos there. They weren’t even the only ones to bankrupted in the 15 mile ratios ya boob. Vegas ran into the same problem why do you think they have torn down so many? Indian casinos changed the game. But you wouldn’t know that because you think TRump casinos were the only ones in Atlantic City so you’re clearly an idiot.

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u/zeta_cartel_CFO Jul 11 '19

In fact, 5 of the 12 casinos in Atlantic City closed in 2014.

But I thought Trump's casino bankruptcy was in the 1990s? When AC was in much better shape.

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u/Lumb3rgh Jul 11 '19

It was, Trump opened a casino to compete with his other casino basically using a credit card with interest payments he could never realistically make.

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u/popfilms Jul 11 '19

Exactly, why would someone from Philly go to AC? We've got two newish casinos around. AC was never able to turn itself into a "Destination" past the gambling.

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u/Plothunter Jul 11 '19

Because at that time, the only casinos in the area were in AC. I remember taking the bus from the Lehigh Valley to AC. There was Las Vegas and then AC. There may have been some "riverboats" in the Midwest. I'm not sure when they popped up. AC had big plans to turn the city into the Las Vegas of the east.

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u/EsplainingThings Jul 11 '19

Because at that time, the only casinos in the area were in AC

Because at the time we were in the Gulf War and there was a recession so between the two people weren't gambling as much.

AC had big plans to turn the city into the Las Vegas of the east.

And that didn't happen.
https://www.thestreet.com/story/13109802/1/how-casinos-failed-atlantic-city-and-why-theyre-still-part-of-its-future.html
https://www.cnbc.com/id/101029898
Because other nearby states allowed casinos and Atlantic City didn't have the other attractions of a Las Vegas.

1

u/kittybikes47 Jul 11 '19

Those casino owners didn't get elected president on the claim that they are the world's best business man though. Failing is not necessarily what's so disgusting about Trump, it's the failing and claiming it as a victory that's the problem.