Why are the casino’s still making record profits?
04.September, 2009
Todays paper lists casino revenues up for January.Horseshoe casino in Hammond Indiana had 421,704 customers and made $44,042,826. This is for January only. There are "5" casino boats totalling more than $100,000,000 in profit.AFTER XMAS!Why is everyone so down and out about the economy, explain how do people have the money to spend for gambling?
I am reading TODAY’S paper folks! TODAY!These figures are NOT my imagination.
Not everyone is down and out. The liberal media wants you to think that. I actually made the most I ever have last year and this looks the same. And casinos are in the market to take money not give it.
04.September, 2009 um 12:39 pm
It’s ****ing pathetic, isn’t it? Check out our national credit card debt if you wanna get real depressed. Americans have made their own bed.
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Wow! 5 thumbs down? Must have struck a nerve.
04.September, 2009 um 1:28 pm
no they are not. casinos are laying people off in record numbers.
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http://www.iht.com/articles/2007/12/26/business/gamble.php
http://www.usatoday.com/money/markets/2008-05-06-vegas-stocks_N.htm
http://english.ohmynews.com/articleview/article_view.asp?article_class=7&no=383862&rel_no=1
04.September, 2009 um 1:46 pm
I don’t think so. Most are doing VERY poorly. Trump’s casinos are going bankrupt…again. One of the old chains in Vegas (Station) is down about 90%. Atlantic City is in HUGE trouble.
Try again.
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04.September, 2009 um 1:56 pm
Station Casinos is getting ready to file bankruptcy. Vegas hotels are offering free nights and lots of other stuff to get people to come.
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04.September, 2009 um 2:32 pm
Not everyone is down and out. The liberal media wants you to think that. I actually made the most I ever have last year and this looks the same. And casinos are in the market to take money not give it.
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04.September, 2009 um 2:59 pm
they always do, people become desperate…crime goes up, booze sales go up, and "get rich quick" kind of things go up.
honestly, you need this explained?
ok you lost your job, bills are stacking up and you have NO WAY to pay them and you got 5 bucks….5 bucks can’t pay anything…but it can buy a lottery ticket.
really you don’t have the logic, reasoning skills, or the common sense to figure this out?!?
please…..stop being silly…THINK…then type
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04.September, 2009 um 3:33 pm
I heard just the opposite.
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04.September, 2009 um 4:13 pm
Because casinos "sell hope".
It won’t last long, Detroit went through the same thing when our recession (now depression) got started 6 years ago.
Now, one of our casinos is in bankruptcy.
And Vegas and Atlantic City are struggling.
My question is, how is it that our state governments have added BILLIONS in tax revenue from the casinos, they still need MORE?
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04.September, 2009 um 5:01 pm
It is where the less fortunate individuals of our society go in hopes of recovering the dream of being RICH. It is where the rich go to have a good time.
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04.September, 2009 um 5:13 pm
Because people are desperate. When the economy tanks, people go nuts. They’re trying to get money by gambling (which is silly, since those casinos always take in more than they pay out).
Gambling tends to go up in harsh economic times.
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04.September, 2009 um 5:42 pm
I think that many that visit casinos are “well off” or rich/wealthy people with many of them being “high rollers” if/when they gamble and don’t have the personal economic concerns that the rest of us share.
They’re probably the mainstay and the backbone of casino profits.
The rest are people that most likely have scrimped and saved for vacations to them and do some gambling too.
And of course there’s the people that’re trying to get rich quick from gambling.
Oh, and the daily “excursions” that many go to the casinos just to have something to do.
And it wouldn’t surprise me in the least if many are going to casinos to gamble with hope of winning enough to lift themselves/family/friends out of debt/to pay their mortgage or rent or feed themselves/family/friends and to pay other necessary bills.
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