More slump at Trump; Home woes ease

Trump International is hawking bargain rates for the Yuletide season, including price-matching, Saks Fifth Avenue discounts, “guaranteed late check out” (translation: Please stay with us!) and more. The sheer plethora of discounts and giveaways hints at an increasing level of desperation within Trump’s Stump. However, it’s also laudable to see the Donald Trump/Phil Ruffin property get off its high horse and start competing in this value-driven market like any other hotel … which it is. Minus gambling. Bit of a miscalculation, that.

We’re not No. 1! And it’s a good thing because Las Vegas has fallen from first to 25th in U.S. home foreclosures. Barring a dump of the “shadow inventory” of bank-owned homes, we have finally seen the worst. However, if you’re wondering at the pallor of Nevada’s gaming recovery, such as it is, note that the top-seven cities are all in California. As you may recall, then-Gov. “Midnight Jim” Gibbons (right) denounced the State of Nevada’s Chinese tourism office as “a waste of taxpayer money” and urged the gambling and tourism industries to put all their eggs in the California basket. With thinking like that, it’s no wonder that Gibbons was swiftly and involuntarily retired from public service. The high foreclosure rates in Chicago and Rockford also bode ill for the viability of sought-after casino projects in those two Illinois markets.

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