Trump's Atlantic City Casinos File for Bankruptcy

Third time’s the charm?

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

Again!

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.]