Posted on 11/22/2004 7:43:04 AM PST by edcoil
Trump's Casinos File for Bankruptcy Email this Story
Nov 22, 7:53 AM (ET)
Hey Donald,
Nice job... Would you allow one of your rookies to do this to one of your companies?
PHILADELPHIA (Reuters) - Donald Trump's casino operations filed for bankruptcy Sunday in a long-expected move that would allow the real estate maverick to restructure the company's debt and overhaul its aging casinos.
Trump, the developer who flaunts his brusque business style on "The Apprentice" reality television show, last month clinched a restructuring pact with bondholders that would cut his stake in the company but preserved his role as chairman and chief executive.
Under the voluntary bankruptcy filing, Trump Atlantic City Associates, which is 99 percent owned by Trump Hotels & Casino Resorts Inc., listed $1.3 billion in debt and $1.5 million in assets. It marks the second bankruptcy for Trump's casino empire.
Donald Trump = A glorified salesman. He is nothing more than Ron Popeil with larger assets.
Then again, to my knowledge, Ronco never filed for bankruptcy.
So the Castle and Taj Mahal might as well be in Seaside Heights? ;-)
Ping!
He is scum and a pig.
I saw this coming as soon as Trump started making those appearances in MasterCard commercials; the television series was just the icing on the cake. Successful real estate and/or casino moguls generally do not embark on those sorts of endeavors unless they are financially strapped.
I'd love to see the next winner of his "Apprentice" series show rare back on his/her hind legs and tell the Donald: "You're fired!! I ain't working for a scumbag like you!" Right on national TV. In front of God and everybody!
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