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Doesn't Donald Trump have casinos in Atlantic City? (Original Post) LynneSin Oct 2012 OP
He used to.. mwdem Oct 2012 #1
His namesake tower in Manhattan fired his ass. Panasonic Oct 2012 #2
yep...the Taj Mahal jorno67 Oct 2012 #3
I thought he sold them recently. closeupready Oct 2012 #4
No, I believe he lost his through bankruptcy. rustydog Oct 2012 #5
Yup BeyondGeography Oct 2012 #7
Yeah, NPR said it's now the TRUM Casino catbyte Oct 2012 #6
Where does Sheldon Addelson have his casinos? meadowlark5 Oct 2012 #8
...and take tax deductions on what he does end up spending himself. nt Ruby the Liberal Oct 2012 #9
 

Panasonic

(2,921 posts)
2. His namesake tower in Manhattan fired his ass.
Tue Oct 30, 2012, 10:31 PM
Oct 2012

That's why he went nuts last week with his news bomb.

rustydog

(9,186 posts)
5. No, I believe he lost his through bankruptcy.
Tue Oct 30, 2012, 10:41 PM
Oct 2012

The casino was bought out and retains the Donald's name.

BeyondGeography

(39,369 posts)
7. Yup
Tue Oct 30, 2012, 10:48 PM
Oct 2012

Here's the info:

2009 bankruptcy and restructuring

The casino group filed for bankruptcy for the third time in February 2009 owing $1.2 billion. Two sets of debt holders eventually proposed reorganization plans for the group in U.S. bankruptcy court.

Trump initially made an agreement with banker/high-stakes poker player Andrew Beal, owner of Beal Bank, which held $500 million in the group's debt, to take over the resorts. However, citing concerns about the bank's experience with gaming, he dropped them in favor of the hedge fund Avenue Capital Management, a plan favored by other bond-holders. Beal then partnered with investor, Carl Icahn, who had worked on restructuring another Atlantic City casino, the Tropicana. In court, Trump argued that he would fight the Icahn/Beal team if they sought to use his name and likeness on the group's properties. Instead he signed an agreement with Avenue Capital in which he would receive 5% stock in the reorganized company and another 5% in exchange for the use of his name and likeness in perpetuity.

Judith H. Wizmur, Chief Judge of the United States Bankruptcy Court for the District of New Jersey, eventually sided with the Trump/Avenue partnership, favored by bond holders who believed that Trump's brand would result in a stronger company after reorganization.

Current properties
Trump Plaza Hotel and Casino
Trump Taj Mahal

http://en.wikipedia.org/wiki/Trump_Entertainment_Resorts

catbyte

(34,373 posts)
6. Yeah, NPR said it's now the TRUM Casino
Tue Oct 30, 2012, 10:47 PM
Oct 2012

Wonder if he'll reject federal low-interest loans from the Illegal Kenyan Usurper.

What a POS. I hope the wind blew that critter cadaver off his head.

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