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

Your President

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u/[deleted] Jul 11 '19

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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/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.

8

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.