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Trump's Atlantic City Casinos File for Bankruptcy

| Filed under: Donald TrumpBusiness Blitz


Third time's the charm?

The casinos that bear Donald Trump's name in Atlantic City filed for bankruptcy on Tuesday.


This is the casino group's THIRD go-round in bankruptcy court.

The casinos were pushed into bankruptcy again because they've been unable to pay (since December) a $53 million installment payment on a $1.3 billion loan.

Although Donald resigned from the casino's board on Friday, he's still a 28% shareholder in the casino group.

These shiteous economic times really suck for the casino biz!

[Image via WENN.]

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