{"id":19536,"date":"2017-03-28T08:27:37","date_gmt":"2017-03-28T16:27:37","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=19536"},"modified":"2017-03-29T06:42:06","modified_gmt":"2017-03-29T14:42:06","slug":"trumps-revenge","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/trumps-revenge\/","title":{"rendered":"Trump’s revenge; Larry Flynt, casino boss"},"content":{"rendered":"

Why is Trump Plaza<\/strong> the whitest elephant among Atlantic City<\/strong> casinos<\/a>? (Scroll to bottom) Because its operating costs include a $1 million ground lease to former American Jewish Congress<\/strong> head Robert Lifton<\/strong>, who owns the underlying acreage. This little poison \"\"pill was put in place by Donald Trump<\/strong> when he owned the Plaza. Incredibly enough, Carl Icahn<\/strong> prevented Trump Entertainment Resorts<\/strong> from selling the Plaza for $20 million, unrealistically thinking it could bring more. Now he can’t give the Plaza away<\/a>: Hard Rock International<\/strong> didn’t want it, thanks to the ground lease. Icahn is trying to lower his Atlantic City profile before Democrats gain control of the governor’s mansion. However, he can thank his friend Donald — and his own cupidity — for lumbering him with the Plaza, which now seems certain for demolition.<\/p>\n

* In an almost meaningless gesture, MGM Resorts International<\/strong> and Caesars Entertainment<\/strong> casinos will dim their exterior lighting<\/a> for an hour on Saturday. What’s more concrete — and commendable — is MGM’s replacement of 1.3 million light bulbs throughout its empire with energy-efficient LEDs. That’s change in which (some of us) can believe.<\/p>\n

* A different kind of house edge:
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