It is advisable to take loans to establish a casino?

[SlotsMaster]

Loan could be very important and it is a necessity most especially if you do not have enough capital to establish a business . Casinos is a form of business that needs a lot of capital, which means it is a capital intensive investment. Taking loan to fund casinos is not really advisable from my own point of view.
I want to ask if it is advisable to take loan for establishing a casino.

 

[swift]

It is not advisable to take a loan to gamble by any stretch, because gambler's may be forced to pay off the outstanding debt with subsequent interest when they incur losses, reducing their financial buoyancy even more

gambling itself is a very risky something , that's why most times I keep wondering on what would make many want to take loan to gamble , knowing fully well the risk that comes with gambling and others

 

[swift]

Yeah I have really seen cases whereby many have run broke because they borrowed loan to actually gamble , it's never adviceable to actually borrow loan to gamble , many have made loss because of this

 

[Julio88]

gambling itself is a very risky something , that's why most times I keep wondering on what would make many want to take loan to gamble , knowing fully well the risk that comes with gambling and others

Gambling is not a sustainable venture which would require a loan for you to engage in it. This is because you could lose all the money that you wager on and be forced to pay the loan with interest as well. It is not advisable to employ this strategy because it is extremely risky, to be quite honest.

 

[Julio88]

gambling itself is a very risky something , that's why most times I keep wondering on what would make many want to take loan to gamble , knowing fully well the risk that comes with gambling and others

Taking a loan to establish a casino could be a wise decision provided that you implement measures to ensure that the casino goes from strength to strength. You could recoup the money you obtained from these loans in a short space of time, which could also provide additional income.

 

[Julio88]

Yeah I have really seen cases whereby many have run broke because they borrowed loan to actually gamble , it's never adviceable to actually borrow loan to gamble , many have made loss because of this

This is true, but with the right application in terms of marketing and other factors, one is liable to make a profit for the business. It is not advisable for people to use this strategy to create this business. In an ideal world, individuals should not proceed to use this means.