Good post, Boz. Nice to see you're still hale and hearty.

As a couple of other forum folks can attest, I felt this coming. A couple of clues stood out like the proverbial sore thumbs. I'm not going to do much piling on, though. I'm sure Mr. Mendelson knows his business inside and out. He probably has exhausted most reasonable options and strategies. Businesses fail, despite decades of work.

If the financial downhill snowball was a business/gambling intertwine, well, I've seen it before. It provides an opportunity for the person trying to save the sinking business to bury himself in distraction and debt. An excuse to amp up the degeneracy. And as funds shrink, the tendency is to play longer odds events. Parlays in sports. Small and tall in craps. Trifectas in horse racing.

It's all sad. But it's not surprising.