Because it was used to launder money. And, bankrupting a business is actually a way to avoid taxes, especially when you regularly lie on your tax filings.
Because he opened a second casino on the same strip, effectively competing for limited customers with his first casino, ensuring that both casinos failed. I’m serious. He really did that lol
The real question is: How did Trump run a casino that went bankrupt?
Because it was used to launder money. And, bankrupting a business is actually a way to avoid taxes, especially when you regularly lie on your tax filings.
Also he’s a terrible businessman and was using it as a personal piggybank, as he is wont to do with any business he runs.
Don’t forget that his dad gave him an illegal gift by purchasing $3.5 million in chips never intending to use them or cash them back in.
Because he opened a second casino on the same strip, effectively competing for limited customers with his first casino, ensuring that both casinos failed. I’m serious. He really did that lol