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DinahMoeHum

(21,776 posts)

12. Reason: his casino holdings are "loss leaders"

Reply to Kelvin Mace (Reply #2)

Tue Sep 9, 2014, 12:09 PM

Sep 2014

That is: he can afford to take a bath with his casinos / hotels losing money because that's not the bulk of his business.

His real $$$ comes from regular real estate.

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27 replies

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Highlight:

Trump casinos file Ch. 11, threaten Taj closure [View all] Newsjock Sep 2014 OP

I've long suspected that the thing on Trump's head Jackpine Radical Sep 2014 #1

It's early but you win my vote for best post of the day. n/t A Simple Game Sep 2014 #10

So, how many times have Trump declared bankruptcy? Kelvin Mace Sep 2014 #2

Reason: his casino holdings are "loss leaders" DinahMoeHum Sep 2014 #12

Yes, but all of his real estate was used to back up his Kelvin Mace Sep 2014 #17

Somebody call Nucky Thompson. nt Tommy_Carcetti Sep 2014 #3

Why are Atlantic City casinos closing while Vegas casinos seem to be going strong? napi21 Sep 2014 #4

They've got competition from all over the northeast, as close as 45 miles away in Philadelphia... George II Sep 2014 #6

AC is a dump... Historic NY Sep 2014 #7

Because Vegas is in the middle of nowhere serviced by a great airport LynneSin Sep 2014 #8

Because AC is seedy, skanky, nasty, and far too expensive. nt Dreamer Tatum Sep 2014 #14

Las Vegas is also hurting.... happyslug Sep 2014 #21

Las Vegas started a building boom right before the recession and got caught with its pants down davidpdx Sep 2014 #24

The answer is competition from racetracks & reservations, a declining client base and a seedy area. bklyncowgirl Sep 2014 #25

The air smells like Trump in Atlantic City. FSogol Sep 2014 #26

I love to see Donald Trump lose, but I'm sorry for the workers shenmue Sep 2014 #5

Wow. dotymed Sep 2014 #9

Yep, blame the employees. progressoid Sep 2014 #11

Rich mans way EC Sep 2014 #13

of course if it was a student loan rurallib Sep 2014 #15

Exactly what I was thinking. nt SunSeeker Sep 2014 #16

3 Casinos within one hour bpj62 Sep 2014 #19

+1000. nt adirondacker Sep 2014 #20

How is it that the owner walks away with millions while the employees take the lumps liberal N proud Sep 2014 #18

Typical union busting tactic Texano78704 Sep 2014 #22

Yet this clown was willing to offer hundreds of millions to bid on a NFL team recently... Earth_First Sep 2014 #23

I grew up close to AC, love the boardwalk. A shame all the casinos and the local infastructure Sunlei Sep 2014 #27