~ Burl East, portfolio manager, Altegris/AACA Opportunistic Real Estate Fund, "On the Lookout for Powerful Properties," Barron's, January 1, 2018
Showing posts with label casinos. Show all posts
Showing posts with label casinos. Show all posts
Nov 17, 2021
Burl East on the economics of the gambling business
At a casino, the only math you need to know is this: Every dollar that enters a casino leaves as 78 cents.
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