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Welcome to the GoFuckYourself.com - Adult Webmaster Forum forums. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. |
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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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11-22-2004, 12:24 AM
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#1 |
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Confirmed User
Join Date: Jul 2003
Location: google
Posts: 1,440
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Trump's casino operations file for bankruptcy
PHILADELPHIA, Nov 21 (Reuters) - Donald Trump's casino operations filed for bankruptcy on 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 Atlantic City Associates listed $1.3 billion in debt, and $1.5 million in assets, according to the filing with the U.S. Bankruptcy Court for the District of New Jersey. Trump's major casinos in New Jersey -- Trump Taj Mahal, Trump Plaza Hotel and Casino and Trump Marina Hotel Casino -- have suffered from competition from the Borgata Hotel Casino & Spa, which opened last year. Trump, the developer recently made more famous by his "The Apprentice" reality television series, last month clinched $500 million in financing from Morgan Stanley to help fund a push into new markets such as Las Vegas and Pennsylvania. |
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11-22-2004, 12:25 AM
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#2 |
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Confirmed User
Join Date: Feb 2004
Location: Vancouver, Canada
Posts: 7,662
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Only 2 months off.
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ICQ: 2262.73945 |
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11-22-2004, 12:27 AM
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#3 |
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Guest
Posts: n/a
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oh wow...
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11-22-2004, 12:28 AM
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#4 |
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Confirmed User
Join Date: Mar 2003
Posts: 518
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He has a new book out. He has a chapter called "How to stay married". I dont see why I would take advise from someone who has been divorsed and almost lost a few billion in the divorse
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what?! |
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11-22-2004, 12:28 AM
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#5 |
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Hello world!
Industry Role:
Join Date: Mar 2003
Posts: 12,508
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Double wow
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11-22-2004, 12:29 AM
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#6 | |
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vip member
Join Date: Jan 2003
Posts: 17,798
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Quote:
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11-22-2004, 12:32 AM
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#7 |
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Entrepreneur
Join Date: Oct 2002
Location: USA
Posts: 31,429
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11-22-2004, 12:34 AM
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#8 | |
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Confirmed User
Join Date: Feb 2004
Location: Vancouver, Canada
Posts: 7,662
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Quote:
Isn't Trump in the book of records for the most in debt and back to the most net?
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ICQ: 2262.73945 |
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11-22-2004, 12:36 AM
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#9 | |
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Hello world!
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Join Date: Mar 2003
Posts: 12,508
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Quote:
What about listening to somebody who has never divorced and has never been in debt and is successful. Maybe they know just as much or more about it and should write a book about it. Anyway, I'm sure Trump will pull through. It's not like this is all he owns. |
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11-22-2004, 12:37 AM
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#10 |
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Hello world!
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Join Date: Mar 2003
Posts: 12,508
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"Trump Marina Hotel Casino -- have suffered from competition from the Borgata Hotel Casino & Spa, which opened last year. "
Anybody know the financial situation of the competing casinos? Are they doing ok or are they in bad shape too? I'm not clear on why they would be doing fine while only Trump's are suffering. |
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11-22-2004, 12:38 AM
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#11 |
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vip member
Join Date: Jan 2003
Posts: 17,798
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Just so you guys know... his businesses are in debt. Not him personally. He never puts his personal guarantee on anything, read his books. He pays himself millions a year, even when he was going bankrupt like 10 years ago he still was paid $400,000 a month personal salary by the banks.
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11-22-2004, 12:41 AM
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#12 |
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aliasx
Join Date: Apr 2001
Posts: 19,010
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I though those places were money machines.. . The house always wins, but I guess if noone is playing it doesnt.
Didn't one of the AC trump casinos have 1mill in a box? I know I saw a million cash in one of those atlantic city casinos a few years ago not sure if it was trump's though.
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https://porncorporation.com |
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11-22-2004, 12:49 AM
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#13 | |
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Confirmed User
Join Date: Feb 2004
Location: Vancouver, Canada
Posts: 7,662
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Quote:
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ICQ: 2262.73945 |
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11-22-2004, 12:52 AM
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Vrume Mark
Industry Role:
Join Date: Jan 2001
Location: Toronto, Canada
Posts: 20,912
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These banks don't want to post those kinds of losses hence the reason they are more willing to be negotiable. DH |
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11-22-2004, 12:59 AM
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#15 | |
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Confirmed User
Join Date: Apr 2004
Location: NY
Posts: 993
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His Casinos still make money, this is just a move to rebuild them.
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