Robin Camacho
Las Vegas Real Estate
David McKee
Stiffs & Georges
Jean Scott
Frugal Vegas
Cannery Casino Resorts (29) [RSS]
Melco Crown Entertainment (29) [RSS]
Morgans Hotel Group (32) [RSS]
Pinnacle Entertainment (60) [RSS]
Tropicana Entertainment (90) [RSS]
World Series of Poker (6) [RSS]
Illinois: No country for big casinos
JohnTerez said: What your name? , <a href="http://pdabooks.org/membe... noir wine&l... [More]
Nevada: The Stupid State
PortoM0n said: Don't go far away. , <a href="http://cool-wallpapers.ev... cool wall... [More]
They burned the Monte Carlo ... and may get away with it
JohnTerez said: Try see it. , <a href="http://smart.fm/lists/152... glass supplies</a>... [More]
Nevada: The Stupid State
PortoM0n said: Hi brothers and sisters! , <a href="http://boxesandarrows.com...... [More]
They burned the Monte Carlo ... and may get away with it
SoloJ3ss said: Great... , <a href="http://boxesandarrows.com... to make deer a... [More]
Enter your email address to subscribe to this blog.
alex yemenidjian ameristar animals architecture atlantic city australia baseball boulder strip boyd gaming california cannery casino resorts carl icahn charity cirque du soleil citycenter colony capital colorado columbia sussex cosmopolitan current detroit dining don barden donald trump downtown economy election encore entertainment environment florida fontainebleau g2e george maloof harrah's harry reid herbst gaming horseracing igt illinois indiana international internet gambling isle of capri james packer kansas kentucky labor lake tahoe laughlin lawrence ho louisiana lvcva m resort macau marketing massachusetts melco crown entertainment mesquite mgm mirage michael gaughan mississippi missouri monte carlo fire morgans hotel group movies neil bluhm ohio oscar goodman penn national pennsylvania pets phil ruffin pinnacle entertainment planet hollywood politics problem gambling regulation reno riviera sahara sheldon adelson singapore sports stanley ho station casinos steve wynn tamares group taxes technology the strip tilman fertitta tourism transportation tribal tropicana entertainment tv wall street
Posted At : August 4, 2009 10:54 AM | Posted By : D McKee
Related Categories:
TV,Wall Street,Pennsylvania,Donald Trump,Atlantic City
This is a joke, right? Three Atlantic City casinos for a slim $100 million? Then again, if Trump Entertainment Resorts financial advisor Lazard only values unloved Trump Marina at $24 million, maybe exiled chairman Donald Trump isn't so far out of the ballpark after all. What's even more surprising than the measliness of Trump's offer is the alacrity with which CEO Mark Juliano capitulated.
"My daughter Ivanka and I will work tirelessly to make this company great again," pronounced The Donald, displaying yet again his peerless ability to deliver drop-dead laugh lines with a perfect deadpan. He added, "As I have done in the past, we will make Atlantic City hot once more."
If anybody's going to make Atlantic City "hot," Donald Trump it's not -- especially since he's still scheming to get a piece of the Philadelphia slot-parlor action. For those of you waiting until 2020 to redeem your Trump Entertainment debt, the good news is that you'll (eventually) get 94 cents on the dollar. Holders of secured notes due in 2015 get wiped out, along with unsecured creditors. As usual, Trump gets the gold mine, the financiers get the shaft.
But the real winner is MyFox.com, which perhaps unwittingly filed this story under the perfect headline: "Cash for Clunkers."
"The tycoon, who recently won planning permission to build a £1bn golf resort on sand dunes in Aberdeenshire, has business interests varying from luxury apartments to branded menswear, the Miss Universe pageant and Trump vodka..." [all of which he will, when attempting to counter lawsuits about his mismanagement, contend are businesses under the control of others - and to which he has only leased the use of his name/picture/biography/offices/quotes/billboards/car/daughter & current wife - so he has no responsibility for the losses of schlobs who invested based on his prostituted name.]
Print | 
Send to Friend | 
del.icio.us | 
Digg It! | 
Linking Blogs |