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View Diary: NJ Casino Declares Bankruptcy In 10 Months, Gov. Christie's Bad Bet Will Cost Taxpayers Millions (184 comments)

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  •  How does a casino (1+ / 0-)
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    go bankrupt, with a guaranteed profit margin and no shortage of customers? Subsidized by the taxpayers to the tune of hundreds of millions of $$$, and they still can't make a buck? Are you kidding?

    In MI the casinos are all run by Indian tribes. We now have them all over the state, from Detroit to the far reaches of the rural UP. Every one of them is a gold mine. Lots of profit, no bankruptcies, even in a state that was in recession well ahead of the rest of the country. The Saginaw Chippewas cut yearly checks of ~30K to every individual member of their tribe.

    But Trump and Co. can't make money?

    Someone is lining their pockets on the sly...

    "A lie is not the other side of a story; it's just a lie."

    by happy camper on Fri Feb 22, 2013 at 06:24:34 AM PST

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