Casinos are really making money that is why we are seeing new casinos being launch online and there numbers are increasing everyday. Influencers especially gambling ones are earning big from casinos because they are always inviting people to Casinos which is what is making many casinos keep having traffic. There are some bet that the house for have an edge over gamblers during winning that is why many of these casinos would never go bankrupt unless the team are misusing the casino funds anyhow.
No doubt, nobody especially inside the millionaire and billionaire's club will step into that kind of business if it's not paying that much. Before they venture in that kind of business, they have already made their studies on how they could improve their probability as casinos have been very competent lately, and how would they attract more clients and maintain as well so that the flow will always continue. These factors alone is a deciding point before starting the business and if they cannot answer either one of them, then it's not yet time for them to build one.
This is right. If it's not profitable, they wouldn't really put their fund into it. It will be totally useless to invest over something that you know wouldn't thrive and generate profit in the long run. Since they have business-mindset they will opt to venture into something that can withstand the test of time despite many arising competitors. Of course, they have their financial advisors and they calculate their every step and plans they take so they will experience lesser hassle on their end.
They won't be millionaire if it weren't for this kind of mindset. Unless of course they are old rich that have generational wealth.