Donald Trump was a fraud from the get-go. His techniques, which may work for the short term, are doomed to ultimate failure.
http://news.yahoo.com/s/nm/20090217/bs_nm/us_trump_1
The rest of the “empire” will crumble shortly.
Yet, slimeballs like him can con even bigger slimeballs to give him their money.
There’s a special place in Hell for all of you.
An acetylene torch on all of your anuses.
Yeesh. I mean, yeah, he’s kind of annoying, but what exactly did he (and, presumably other real estate developers) do to you to deserve such vitriol? Rape your parents/brother/dog and make you watch?
Wait…how can a casino file bankruptcy (yeah…I know how it’s TECHNICALLY done, but it’s a Casino, come on…how can a casino fail)? I always assumed that was impossible.
Ignorance fought I guess.
Two quick points:
It’s an old truism that you can’t con an honest man.
I’m going to need some sort of citation that there are bigger slimeballs than Donald Trump in significant enough number to make money from them.
Ow!!! My ass!!!
Kidding, I just couldn’t help it
To echo, seodoa, whence the ire from you personally? They didn’t give him your money, did they?
Most likely not enough visitors to pay for operating costs, rather than gambling losses.
Can you give a little more information Spartydog? The article you linked to is quite brief and doesn’t explain anything you go off about in your OP. No clue what you are mad about or why.
Spartydog asked ‘What shitheads bought Donald Trump’s snake oil?’. The descendants of the people who lead to P.T. Barnum to say “There’s a sucker born every minute” I suppose. (Actually he didn’t say it according to HistoryBuff.com)
Since Trump Entertainment might be going to file for bankruptcy for the third time maybe the company’s board should get some else to run the company. As long he/she is not a former Wall St. banker they would do a better job than Trump.
The Motley Fool has been calling Trump on his BS for well over a decade, including publicly shorting his his casino business and spelling out all they reasons they felt he was mismanaging what should be a guaranteed money-maker (they were right, the stock lost over 40% during a period when the S&P500 gained 67%). While there are problems facing the entire gaming industry, Trump’s properties seem to be facing an exceptionally bleak outlook, and the reasons pretty much all come down to Donald himself.
He looked like he was raping someones dog!
Anyone with that amount of money had NO right to have whatever that was on his head!
I don’t understand how someone could not understand how a casino could go bankrupt. It’s not like they manufacture currency or anything.
And even though there are lots of people eager to hand over their money, there is not an unlimited supply of such people. Casinos have to compete with each other to be the one who actually gets the fool to part with his money. If the market is saturated with casinos building a new casino isn’t going to be a license to print money unless there’s some reason the idiots will come to your casino rather than the one across the street.
It’s more of a bullshitism than a truism. Granted, it’s easier to con a dishonest person but believe me when I tell you plenty of honest people have been conned. I can all but guarantee that line was coined by a con man to blame his victims.
No, but owning a casino is effectively a license to print money. Think of Vegas- there are a hundred of them (a thousand?), all competing for the same business, and they’re all profitable.
Re: the OP… I’m fired!
A casino is only a license to print money when you’ve got the only casino. When somebody sets up a casino next door, you have to split the license to print money. Then another guy sets up another casino and another and another and another and another and another, and pretty soon you’re fighting like dogs for table scrapts.
The thing is, there used to be all sorts of laws that prevented that other guy from setting up a casino next door. And so the casinos that did exist had an oligopoly on legal gambling. But now the market is saturated with casinos. They’re on every other streetcorner, like Starbucks. And while marketing and ubiquity can increase the number of chumps willing to gamble their money away, it turns out there’s a limit to the stupidity of the American public, and you CAN go broke underestimating our intelligence. Once the last chump has lost the last of his rent money at the casino, he’s not going to go next door and lose even more at another casino, he’s tapped out.
Trouble is, its expensive to look like you’re giving away a lot of money when you aren’t. Those employees, buildings lights, utility bills, and promotions take away money whether or not the customers come in. The Casino might keep 95% of the cash brought in but if the customers aren’t coming the operating costs can quickly overrun the profits.
When Missouri first approved Casinos, four opened near Kansas City. One of them failed within 5 years. It just wasn’t big enough or well located to get the crowds that the others had. Its a shame actually. It had the best lunch buffet.
No, they aren’t. Smaller casinos in Nevada fail all the time. LVS has been on the brink of bankruptcy since November.
The big casinos on the Strip were built by people who knew the business inside and out by working for the smaller ones that didn’t go broke. Competition between casinos in Vegas and Reno is extremely fierce, and even then profit is far from guaranteed.
Naaaah.
He’s just building material for his next narcisistic, masturbatory auto-hagiography, helpfully disguised as a self-help book.