The Irony: Trump Casino Empire Files for Bankruptcy

Discussion in 'Current Events' started by craigdawg, Nov 22, 2004.

  1. craigdawg macrumors 6502

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    #1
    Is this ironic? Alanis Morisette screwed me up.

    I have a feeling this will have no impact on the size of The Donald's wallet. CEO-types usually emerged unscathed from bankruptcy filings. Hopefully he won't have to lay anyone off.

    http://story.news.yahoo.com/news?tmpl=story&cid=492&e=17&u=/ap/trump_casino_bankruptcy
     
  2. emw macrumors G4

    emw

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    Aug 2, 2004
    #2
    What's even better is that in general, casinos do extremely well. Unless they are poorly run, it's hard not to make money running a casino.

    Perhaps he should have put his Apprentices to work there instead of designing ads for Levis.
     
  3. virividox macrumors 601

    virividox

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    #3
    but this guy keeps bouncing back even after his businesses fails hes always got something up his sleeve
     
  4. Jovian9 macrumors 68000

    Jovian9

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    #4
    Will there be a season 3? I would think there would be a little respect lost from the participants knowing the Trump Casino Empire is filing bankruptcy.
     
  5. wdlove macrumors P6

    wdlove

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    #5
    "I don't think it's a failure, it's a success," he said in the interview. "In this case, it was just something that worked better than other alternatives. It's really just a technical thing, but it came together."

    It's probably the optimism of Trump that will prevail. He hasn't amassed his great wealth with being a very smart person. People make mistakes, in this case it seems to bee very costly. With the bankruptcy, he now has a chance to turn this around.
     
  6. MacNut macrumors Core

    MacNut

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    #6
    A lot of Trump's money is either in stocks or real-estate, I'm wondering how much money does he have in cash.
     
  7. Thomas Veil macrumors 68020

    Thomas Veil

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    #7
    Hmm. This is not the first time one of his holdings has gone into bankruptcy. But the banks won't stop loaning him money. He's Donald Trump, after all.


    Really. I thought about that myself. Can you imagine The Donald saying to somebody, "You're fired!", and the guy shoots back, "Hey, at least I didn't run a casino into the ground."
     
  8. JeffTL macrumors 6502a

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    #8
    Warren Buffett's only freestanding residence is a relatively nice home in midtown Omaha that he bought many years ago for $35k, and I imagine that his apartments are similarly modest, considering his coupon et cetera habits. Do you ever hear about him or any of his companies going broke?
     
  9. jared_kipe macrumors 68030

    jared_kipe

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    #9
    What would he need cash for?
     
  10. munkle macrumors 68030

    munkle

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    #10
    I guess his gamble didn't pay off!!






    ...I'll grab my coat :eek:
     
  11. jackieonasses macrumors 6502a

    jackieonasses

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    #11
    Trust me, that made me laugh outloud.



    Anyways, Donald seems unfazed. He shouldn't be however. As long as he has that show, and that ridiculously hot wife, he will be A-OKAY.
     
  12. broken_keyboard macrumors 65816

    broken_keyboard

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    #12
    How can you go bankrupt running a casino? I thought all the games were subtley rigged to favor the house. Maybe too high expenses.
     
  13. wdlove macrumors P6

    wdlove

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    #13

    He has been building too many casinos. Living too lavish of a life style. Being too lavish with the way that the Casinos are built and run. Then ones has to wonder about the compentency of the management group for the casinos.
     
  14. Thomas Veil macrumors 68020

    Thomas Veil

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    #14
    Warren Buffett...now that's a billionaire the average guy can love. He was one of the first people to say, "Tax cut?? What the f*** do I need with a tax cut?!" :D
     
  15. Abstract macrumors Penryn

    Abstract

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  16. jsalzer macrumors 6502a

    jsalzer

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    #16
    Debt Management

    Maybe I'm paranoid, but isn't this just a way to offload some debt? Sounds like a good business move to me - not a sign of having failed.

    As fer the show - didn't I hear that Martha Stewart has been asked to do next season?
     

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