Quote:
Originally Posted by trifieldtf21
It's free money since his poker loss is most likely written off as marketing.
Draw attention, grow the brand, get more investors, easy money.
1. Marketing write off doesn’t work that way. Even if it did that would mean Maverick would retain winnings also and thus split with co-owner. But pretty sure your understanding of business finances and taxing is in error.
2. I am not an expert on Maverick Gaming ownership structure. But it is a LLC. EP has apparently a single co-owner (partner) and AFAIK is not seeking any investors.
So again, your statement doesn’t appear it is tied to reality.
3. As to the comment above about how much any one of his establishment makes in a year, you might be very supplied. If by makes you mean net income or profit after all cost, they are likely over estimating this for the lesser performing locations. Some are probably breakeven. They may have done better in the past or they may just be starting and will do better in the future, but at any given time certain locations likely struggle.
With 43 locations I am sure EP as co-owner is doing fine but WEB, Elon Musk or Bezos he isn’t.