Donald Trump Considers Rescue For Gaming Company

Financial Times:

Donald Trump, the real estate mogul and television personality, is considering whether to rescue his ailing gaming group by taking it private, according to people familiar with the situation.

Mr Trump owns 24 per cent of Trump Entertainment Resorts, which is struggling to meet its debt obligations and has missed a $53m interest payment

Read the whole story: Financial Times

Comments

[GravitonX]

Trump brilliantly sucks his own companies dry until they have to file Chapter 11, forcing his creditors to write off huge losses from the venture or take nothing. I have to say; it's masterful and entirely legal.

Trump always pays himself first.

[Wolf Larsen]

Wow Donald Trump struggling to meet his debts......haven't we heard this same story at least twice before?

Guess it is time for the banks to put him on another allowance while they save his_ass.

There is one constant in TrumpWorld........the closer the creditors get.....the louder you brag.

Hey Don.....buy a hairpiece while you can still afford it......it gets cold sleeping next to a dumpster.

Find one with chinstraps......it helps on a windy day....

[harriettubman]

The Donald can brag about his riches all day but I'll bet he's feeling the pinch just like everybody else. Most casinos are bleeding losses because people are not spending their money on gambling these days. Plus, these days who's buying multimillion dollar condos?