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.]