How could anyone trust the business acumen of someone who bankrupted his own casino? The business model of a casino is people walk in, give you all their money, then leave. That was too much for him.
By opening a second casino on the same road, splitting the public between the two, which led to BOTH going bankrupt, despite a cash injection from his father. Yes, he bankrupted TWO casinos…
How could anyone trust the business acumen of someone who bankrupted his own casino? The business model of a casino is people walk in, give you all their money, then leave. That was too much for him.
How the fuck do you bankrupt a casino?
By opening a second casino on the same road, splitting the public between the two, which led to BOTH going bankrupt, despite a cash injection from his father. Yes, he bankrupted TWO casinos…
spent more in building it >cough< than ever received as income from ‘customers’.
at one point some rich fucker (might have been his own father) literally walked in ‘bought’ a shitload of chips (miilions of $) and never cashed them.
im pretty sure that entire endeavor was a money laundering scheme. it doesnt make any sense otherwise.