Poker News

Trump Casino – Bankruptcy

Published by admin on February 20, 2009

According to all the news all over the world the land based casinos that were owned by Donald Trump group called Trump Entertainment Resort Inc. has filled bankruptcy. This company belongs to Donald J. Trump. Few days ago Donald Trump requested that his company enter under the protection of the bankruptcy law. The moment he quitted the board of the company, Trump Entertainment Resort Inc. had $2.06 billion assets and $1.74 billion debt.

Some of the most famous casinos managed by this company are: Taj Mahal Casino Resort, and Trump Plaza Hotel and Casino both of them are located in the city of gambling: Atlantic City.

Unfortunately The Trump Entertainment Company is not the only one that is currently feeling the burn of the global recession. In fact there are many other land based casinos that have reduced their budget significantly during the last couple of months. The gaming industry is currently feeling the worst recession in the last 30 years, and the future has started to be very unpredictable.

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