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More Trump $$$ Woes

More Trump $$$ Woes

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When it rains it pours!
The Donald‘s already twice bankrupted Atlantic City-based biz, Trump Entertainment, is in money trouble again.
It can’t make a $53.1 million loan payment due today, Monday, to its creditors!
Is this one of the reasons why Donald tried to get out of paying that multi-million dollar bill for his Chicago project?
On Friday, it was announced that Trump Entertainment has a 30-day grace period to pay up. Donald’s boys and girls will be chatting with lenders to sort this messy business out!
Trump Entertainment is the parent company of three A.C. gambling meccas, The Trump Taj Mahal, Trump Plaza on the Boardwalk and the Trump Marina.
According to reports, on November 7th, Trump Entertainment reported that it lost $139.1 million in its third quarter.
Slower consumer spending, competition from Pennsylvania, and a smoking ban were listed as the reasons for the latest shitty results.
Donald is the largest share holder of Trump Entertainment, though is not involved in operations management.
We wonder if Melania has her eye on a better looking, not as financially effed mogul to run away with.
[Image via Marion Curtis / STARPIX.]

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Dec 01, 2008 13:30pm PDT

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