How Much Money Do Casino Owners Make?
Oct.13, 2009 in
mont tremblant
I’ve heard some owners make like 6 million a week. Is that true? Would you need more than just a casino like a hotel too?
I’ve heard some owners make like 6 million a week. Is that true? Would you need more than just a casino like a hotel too?
October 13th, 2009 at 5:49 pm
i seem to recal reading somewhere that (from gambling sources alone) each night the average casino brings in around 800,000$ they also have revenue from other sources, but when you consider al of the expenses they ahve to endure, i doubt any one owner woudl get to keep anywhere remotely near a 6 mil per week chunk of it.
October 13th, 2009 at 6:27 pm
Casino’s often rate there days/weeks/months based money going through the casino, or their “take”. This number is BIG for a large casino, such as 6 MIL a day or week, that is not the profit, simply the money put into slot machines and the table, does not account for what people win, or the big salaries the managment gets! if they PROFIT 1 MIL a day, they are doing VERY well! Most casino’s do not make more than 1 MIL a day profit, actually 1/4 MIL would be more likely
October 13th, 2009 at 6:27 pm
Most casinos are actually owned by corporations, not individuals, so there aren’t many single people making X dollars each week. But most casinos execs are super rich. Steve Wynn and a couple of the other big shots here in Las Vegas are billionaires. They had an article in the paper about some casino board members who cashed in their stock options last year. All of them made between $50 million and $150 million.
And yes, these are all people involved in casino-hotel-resort properties. People and companies who own stand alone casinos do not make a fraction of that, but they’re still very well off if their casino is thriving.
October 13th, 2009 at 6:43 pm
They rake in mountains of money, gazillions of dollars. Many casino owners have more than one casino which only add even gazillions more. The actual amount would vary from person to person – but it’s a bundle.
October 13th, 2009 at 7:10 pm
In Ocean’s 13 they say the top dogs can clear 5 million on a good night!!!