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Old February 18th, 2009, 07:07 AM
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DougR. DougR. is offline
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Location: Erial, New Jersey
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Before the uniformed start their knee jerk rants, let the record show that it is not Trump himself who filed for bankruptcy, it is the namesake casino/hotel operation that filed. Trump has basically walked away. He says that his stake in the casinos represent less than 1% of his holdings. His tone indicates that he would be just as happy if the company dropped "Trump" from the casinos names. There is not much he can do as the casino retains the right to use his name regardless of his involvement or lack thereof in the operation.

You may regard Trump as a jerk, however he does know how to make money.

The Atlantic City casino scene is in dire straits and one or more casinos may not survive the economic downturn. Resorts, our very first casino, defaulted on a major loan and the creditors want to forclose. Three major casino construction projects have been placed on hold or on a slower construction schedule.
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