this post was submitted on 10 Apr 2025
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[–] [email protected] 6 points 5 days ago (1 children)

How can you bankrupt a casino?

All of Atlantic City basically collapsed on itself as Vegas siphoned away the high rollers.

Trump thought he could buy into an old casino and revitalize it. But he's Trump, so he did it all wrong and just got to ride the crash all the way into the dirt.

[–] [email protected] 3 points 5 days ago (1 children)

Trump knew he wasn't going to revitalize anything. The whole thing was a money laundering scam for him.

[–] [email protected] 3 points 5 days ago* (last edited 5 days ago)

Well, he thought running a casino was an easy way to print money. He threw a ton of investment at pastiche, bilked his builders, shortchanged his staff, and created a very glitzy slum.

The Adelsons and the Wynns have been laundering money in the same way, but none of their casinos go belly up. They're just as evil but far more competent.