PanAm330 From United States of America, joined Mar 2004, 2672 posts, RR: 9 Posted (10 years 3 weeks 5 hours ago) and read 1058 times:
Just saw on CNN Headline News that Donald Trump's Casinos have amounted an astounding $1.8 billion dollar debt. Trump was stripped of his stake in the casinos, and they are to file for bankruptcy in September.
I thought he was doing so good (yeah, I stole that from a VISA commercial ).
Srbmod From , joined Dec 1969, posts, RR:
Reply 4, posted (10 years 3 weeks 5 hours ago) and read 1033 times:
Trump Hotels & Casinos is filing for CH. 11, and Trump is firing himself from being CEO of the company, but will remain with the company as Chairman. Trump earlier this year sold the small stake (358,000 shares @ $10 a share) he had in Riveria Holdings (Owners of The Riveria Hotel & Casino in Las Vegas); not surprised, as the company is about $30 million in debt. The longstanding rumors of Trump opening a casino picked up again as he was granted a casino licence in NV (was required as part of his 10% stake in Riveria Holdings) earlier this year.