Hacker News new | ask | show | jobs
by JohnFen 2583 days ago
Yes. If maximizing shareholder value was the end-all and be-all, then every corporation would be in the sex, drugs, and gambling businesses.
2 comments
llamataboot 2583 days ago
I mean, the gambling business may be profitable, but are the profits really left on the table at this point? You don't just have to build a casino, you have to build a /better casino/.

Profitability has little to do with the overall margins of the market you are in, but in whether you can find places to optimize ROI that your competitors have not.

link
jjeaff 2583 days ago
Gaming industry has around 10% net profit margins. Compare that to Apples 30%.
link