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If the average hotel-casino costs between $15 and $40 million to build, the generated annual revenue of a typical casino runs around $160 million and allowing an estimated $20-$30 million in overhead expenses like staff; paychecks, hospitality costs,
utilities, etc., even at 24%
tax rate a typical hotel-
casino should be able to recoup it's start-up costs in the; first 2 years of operation while still returning a
comfortable margin of millions in profits with said
margin increasing dramatically in the third year... ...so how could a self-alleged "genius businessman" manage to bankrupt three separate casinos?