Originally Posted by kewlJ View Post
Originally Posted by soxfan View Post
The FB is losing around -600ks per day so not surprised that they would try and pull stuffs and thing like this, hey hey.
I keep reading this same number. FB is losing 600k a day. Something is very wrong with that statement. I am not a financial type guy, but I am guessing they are carrying huge debt either from the purchase and finishing of the project, or large companies can even restructure their debt into other areas of the business to make it look differently that it is. I call that paper debt.

But if you only count what they bring in from gambling revenue, from the operation of hotel and restaurants, shops and clubs, most of which are outsized, they are NOT losing 600k a day. For a casino, in which every game on the floor from slots to every table game including sports, is played at a house advantage, it would be almost impossible to really lose money. Would have to be some kind of serious mismanagement, like over paying people, or skimming off the top like the olden days.

And if it is the hotel restaurants, shops ect that are losing money, then again, that sounds like a mis management situation. Casinos are a license to print money. Only these corporate brainiacs can figure a way to lose money or ,make it look on poaper like they are losing money.

They are losing money because they are not getting enough wager to cover the overhead.