Donald Trump may save 2 Atlantic City casinos
Trump Entertainment has filed for bankruptcy, but the real estate mogul says he's giving the businesses another look.
Real estate mogul Donald Trump (pictured) says he may start investing in the embattled Atlantic City, New Jersey, casino and hotel industry again.
The television personality's name graces the Trump Taj Mahal and Trump Plaza, owned by Trump Entertainment Resorts, Inc., but he left the company in 2009.
The city's resort industry has since been plagued by financial difficulties.
Trump Entertainment filed for bankruptcy a week ago, saying that "absent significant expense reductions, the Trump Taj Mahal is expected to close on or shortly after Nov. 13." But Trump signaled Tuesday morning that he is looking at giving the casinos a boost.
"I left Atlantic City years ago, good timing. Now I may buy back in, at much lower price, to save Plaza & Taj. They were run badly by funds!" Trump exclaimed on Twitter. "It is so sad to see what has happened to Atlantic City. So many bad decisions by the pols over the years -- airport, convention center, etc."
Trump, who is often accused of publicity stunts, has previously assailed the local Atlantic City political establishment for some of the beachfront resort's struggles, including an allegedly flawed convention center.
"A lot of people say when I left that's when it went bad," Trump said of Atlantic City in August. "In one way I'm honored by that statement. But in another way, I feel badly about Atlantic City."
Philadelphia magazine first reported Trump's potential interest in rescuing the casinos.
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In order for AC to start making money again, you'd need to clean up the Boardwalk and everything around it. Why would I want to go to craphole AC, when I can go to Mohegan or Foxwoods (much cleaner) and now Empire in NYers backyard...Not to mention the Poconos getting their fair share of the market too?
It's too tall a task to revamp. You'd have to displace thousands of homeless people. It's over Johnny!
You can also get to Vegas for a few extra $$$
Make them rooms low income housing. Where else can a mother and daughter from Canada both get stabbed to death in broad daylight. Where else can you get robbed in the casino elevator. A father dropped his family off at the front door of the Taj Mahal was robbed and killed in the parking garage and found else where. Also a copule was carjacked in the Taj Mahal. the boyfriend was shot and killed girlfriend wounded by 3 thugs .Where else can you be in a push cart on the boardwalk and get robbed. ATLANTIC CITY IS REALLY EAST PHILADELPHIA
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