What caught my attention about his casino is the fact it seems not to have been in the mind of the Trump organization to save the casino from its end (in comparison to other successful resorts) and it was actually demolished in the end.
One must wonder what happened for a casino of this level and category to get in bankruptcy?
Do you think this is one of the few cases when the house did not win or perhaps it had something to do with factors external to the casino snd it's management?
Have you ever heard about casinos this big failing to the point they need to be completely demolished before? Because I have not.
House always win. There’s no way a house can lose on games that designed with house advantage plus human error distribution on players side. Casino can hit a severe bankruptcy if there’s no much player entering in the casino due to competition while their fixed expenses on running a casino is greater to their profit.
They are paying taxes and other fees too which is why operating a physical casino is very expensive and risky if there’s a lot of competitors in the area.
The rise of online casino might be another reason on why some physical casino decreases customers.
In addition to problems in management that may occur such as corruption or others that make casinos lose big that have an impact on the liquidity of casino funds and make them bankrupt, and yes as far as I know casino taxes are also large in addition to the situation of customers who prefer online casinos it will have an impact on the development of offline casinos, competition is very tight because the ofline casino needs to spend more and for operations while online casinos are not like that, It is much cheaper operationally for the company, and yes most likely most gamblers switch to online casinos for their gambling activities which results in these online casinos losing revenue and in the end have to suffer losses because the operational expenditure is very large while the revenue is very small due to the impact of losing customers.
