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Donald Trump's Quitting the Casino Biz

Donald Trump's Quitting the Casino Biz

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When the going gets tough, Donald Trump gets packing!

According to new reports, the Donald wants nothing to do with the failing Atlantic City casinos that bear his name.

Things aren’t getting any better for the casino group. On Wednesday, they were granted ANOTHER extension to sort out how they were going to pay a whole load of money back to their anxious creditors.

And then come Friday, Donald announced that he and daughter Ivanka will be stepping down from the casino holding group’s board.

“If I’m not going to run it, I don’t want to be involved in it. I’m one of the largest developers in the world. I have a lot of cash and plenty of places I can go,” said Donald to the media.

Note, as part of some bankruptcy agreement a few years ago, Donald gave up operational control of the casino company.

For now, the Trump name will continue to be part of the troubled casinos’ names, but the Trumpster commented further that he may look into legal ways to disassociate from the group completely.

The Donald is ruthless!

[Image via WENN.]

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Feb 14, 2009 19:07pm PDT

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