House always wins? The case of Trump Plaza.

[Ondekinecakabilirim]

Physical casinos are giving way to online casinos. I think that might be why this casino closed down. There's nothing in our age that hasn't been transformed online. Everything that doesn't go online is lost to time. I can't remember the last time I went to a physical casino. I used to go to physical shops to bet on football matches. But now I find them noisy and unpleasant. I think a casino can never make a loss. But it can choose to keep up with the times.

[Zoomic]

Physical casinos are giving way to online casinos. I think that might be why this casino closed down. There's nothing in our age that hasn't been transformed online. Everything that doesn't go online is lost to time. I can't remember the last time I went to a physical casino. I used to go to physical shops to bet on football matches. But now I find them noisy and unpleasant. I think a casino can never make a loss. But it can choose to keep up with the times.

You are right
Although the casino business is a very profitable business,  many factors can cause it to go bankrupt.  But, in the case of Trump's casino, I think there is more to it than just being bankrupt. When businesses go bankrupt,  they do not demolish their buildings and destroy properties,  rather they sell off properties to raise money to settle their creditors while the balance left goes to the owners of the business.  If Trump's Casino was going through financial and other management issues, demolishing the casino instead of selling it off to other casino owners or other people inorder to make money from it sends a different message entirely. Demolishing the casino is not a wise decision except the casino went against the government's authorities or it was cited in a wrong location.

[jossiel]

I have never heard this building since I am not from the state and never followed Trump after he's out of the presidency. But if it's about the actual gambling business, there are several factors that we can guess about it. Maybe, the board of members and directors don't agree anymore to each other and doesn't share anymore the same goal in the long term of their operation and that's a big disagreement that they have to close down the business.

Next, the casino business is no longer profitable which I highly doubt. But who knows, right? With all of the operating expenses, salaries, internal and external expenses, there is a possibility.

Another possibility that adds impact to lesser to no profitability about the change of most gamblers like with the transition of gambling offline to online.

[STT]

I think the argument is wider then just Trump, because of tax codes its better to be in debt then declare a profit and pay tax on it.   If a sequence of bankruptcies occurred it was probably related to a systemic change in that state or area, tax codes could be part of it any change there can be great in justifying the ongoing operations and bias.   Not just within the state but if nearby states alter their laws to make their own business more competitive then it reduce the advantages that were previously true in Atlantic City for so long.

Add in also the quite obvious competition ongoing from online gambling, it used to be gambling was so restricted anywhere that allowed it had quite a bonus to their operations from that government regulatory dynamic putting them in the spot light.   I think that restriction overall can be said to be lifting generally.    I think in China they ban gambling apart from certain regions only they are allowed a more lax regime but thats a communist authoritarian setup of law and dictatorship where as the laws in other countries are unlikely to be quite the same stranglehold on the common economy.