> Casinos overall losing money BEFORE taxes is really something to me!
>
"Owning a casino is a license to print money" is a folk truism that collapses in the harsh light of reality, which is that legal gaming is a capital-intensive, brutally competitive industry -- perhaps one of the most competitive on earth. That little blue slip of paper on the cage wall does not guarantee any profits, especially in 2013 with legal gaming seemingly everywhere,
It seems more than a few operators are due to learn this the hard way.
TC
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