Friday, January 02, 2009

The Amazing Profit Margins of Casinos

Sheldon Adelson, one of the richest people in all of America a year ago (then worth $28 billion), lost $24 billion this year. His casino empire clearly looks ready to collapse. People should remember Adelson, with strong roots to Massachusetts, wanted to build a big resort casino in this state. With that amazing track record, I'm sure it would have done great. /sarcasm off

1 comment:

Gladys Kravitz said...

Well, that's 4 billion left in seed money to keep the dying predatory dinosaur dream alive. Or... in Alfred Nobel fashion, Adelson could give it to a charity to um... I don't know... cure cancer, end world hunger, or basically anything that helps enrich this world instead of enriching himself at the expense of others.

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