Trump Resorts filed for bankruptcy Tuesday and threatened to shut down the Taj Mahal Casino Resort, which would make it the fifth Atlantic City casino to close this year.

The company owns Trump Plaza, which is closing in a week, and the Taj Mahal, which has been experiencing cash-flow problems and had been trying to stave off a default with its lenders. The company said the Taj Mahal could close Nov. 13 if it doesn’t win salary concessions from union workers.
It’s the fourth such filing for the struggling casino company or its corporate predecessors.

The company filed in U.S. Bankruptcy Court in Wilmington, Delaware, saying it has liabilities of between $100 million and $500 million, and assets of no more than $50,000. It missed its quarterly tax payment due last month, and says it doesn’t have the cash to make an interest payment to lenders due at the end of the month.
It also says both its Internet gambling partners have taken steps to end their contracts with Trump Entertainment.

Another Teatard rips everyone off....

I'm not surprised that Trump Resorts hasn't paid it's taxes.

None of which are run by Trump.

They were licensing deals for use of the name.

Pesky details Wrote:
-------------------------------------------------------
> None of which are run by Trump.
>
> They were licensing deals for use of the name.


Correct. Trump got out after he loaded the company up with debt and took it through bankruptcy in 2009.

You have to enjoy they Trump abuse the shit out his employees and businesses but his lawyers and accountants always can find ways shift his wealth around like a big shell game.

Shell Game Wrote:
-------------------------------------------------------
> You have to enjoy they Trump abuse the shit out
> his employees and businesses but his lawyers and
> accountants always can find ways shift his wealth
> around like a big shell game.


Are you an effing moron?

Trump simply licensed his name to the casino for a fee. He has no operational controlor ownership.

At this point it would seem the Trump name would only be associated with failed business ventures and a lunatic who is obsessed with Obama's birth certificate. I wouldnt want a Trump garbage can to be honest.

yea trump is poor - i read that in the inquirer too

Hrundi V Bakshi Wrote:
-------------------------------------------------------
> At this point it would seem the Trump name would
> only be associated with failed business ventures
> and a lunatic who is obsessed with Obama's birth
> certificate. I wouldnt want a Trump garbage can to
> be honest.


What failed businesses ventures? A couple of casinos that he has a licensing deal with? Big deal. Look at all of the incredibly successful buildings and businesses he has built. Whether or not you like his politics, he is an amazing businessman and philanthropist.

DJT Wrote:
-------------------------------------------------------
> Hrundi V Bakshi Wrote:
> --------------------------------------------------
> -----
> > At this point it would seem the Trump name
> would
> > only be associated with failed business
> ventures
> > and a lunatic who is obsessed with Obama's
> birth
> > certificate. I wouldnt want a Trump garbage can
> to
> > be honest.
>
>
> What failed businesses ventures? A couple of
> casinos that he has a licensing deal with? Big
> deal. Look at all of the incredibly successful
> buildings and businesses he has built. Whether or
> not you like his politics, he is an amazing
> businessman and philanthropist.

What are you talking about?

Most of Trump's business deals go bankrupt. The casinos, golf courses, real estate buildings...

Hell Trump University got their asses sued off.

http://www.nydailynews.com/blogs/dailypolitics/class-action-case-trump-university-ahead-but-scope-limited-blog-entry-1.1733002

In San Diego last week, Judge Gonzalo Paul Curiel held that California, New York and Florida residents who were students at Trump University could proceed as a class in their claims they were cheated out of as much as $35,000 each and that Trump especially targeted senior citizens in the school's sales pitch. In a parallel case, Curiel smacked down Trump's motion to dismiss claims the school violated federal racketeering laws.


Both rulings are potentially major blows against Trump. Class certification is a critical hurdle for plaintiffs in class action lawsuits. After losing motions to dismiss, class action defendants often choose to settle cases rather than fight on.

As was said earlier....

Another Teatard rips everyone off....And he wants Obama to resign?

Hrundi V Bakshi Wrote:
-------------------------------------------------------
> I wouldnt want a Trump garbage can to be honest.


Well we certainly got one in the white house right now...

that is the very first FFU thread in which the term 'trumptard' was employed.

DJT Wrote:
-------------------------------------------------------
> Hrundi V Bakshi Wrote:
> --------------------------------------------------
> -----
> > At this point it would seem the Trump name
> would
> > only be associated with failed business
> ventures
> > and a lunatic who is obsessed with Obama's
> birth
> > certificate. I wouldnt want a Trump garbage can
> to
> > be honest.
>
>
> What failed businesses ventures? A couple of
> casinos that he has a licensing deal with? Big
> deal. Look at all of the incredibly successful
> buildings and businesses he has built. Whether or
> not you like his politics, he is an amazing
> businessman and philanthropist.


Easily fooled in 2014 - Trump's moronic base.

TrumpTard Wrote:
-------------------------------------------------------
> I'm not surprised that Trump Resorts hasn't paid
> it's taxes.


This marks the first time the term 'trumptard' was used on this forum.