Tuesday, February 17, 2009

Trump Goes Bankrupt AGAIN


OMG. Donald Trump's properties in Atlantic City have gone chapter 11 again. They have failed to make bond payments and have not worked out a new deal. Trump and his uber bitchy daughter Ivanka have resigned from the board of directors. Good riddance.

Trump has been nothing but a blight on the city for the lat 10 years. His first 10 weren't so bad. Now he uses Atlantic City as a urinal. Only trotting the casinos out to make himself look good. How the fuck is the Apprentice still on the air?

With this bankruptcy the deal for the Marina is now in doubt. Who could have seen that coming?

Atlantic City is in a world of trouble. Gaming revenues have declined for the 3rd January in a row off almost 25% from January 06. If someone knows one thing that is going to help Atlantic city turn around please let me know.

I have a friend who constantly asks if Atlantic City will turn into Flint Michigan as was featured in the documentary Roger and Me. Well it really could happen. One casino is in foreclosure, 3 more in chapter 11, 5 planned casinos scrapped. This might not be the "Great Depression", but its at least the Grand Depression for AC.

Packing my bags,
AJ

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