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WEDNESDAY, NOVEMBER 25, 2009
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Atlantic City Trumps The Donald

After mogul fires himself as CEO, casinos still in last place

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(Newser) – Donald Trump's casinos are faltering in Atlantic City, the very seaboard Vegas the flamboyant developer helped build in the 80s and 90s.  The Taj Mahal is still flush, but Trump's two other hotels are last in revenues. And analysts aren't betting on them, thanks in part to the share the city is losing to slot parlors in NYC and Philly.

Trump stepped aside as chief executive in 2005, after the casino holding company went bankrupt. Saddled with a whopping $1.4 billion in debt, the company lost $19 million last year. The increasingly haute city renovated this decade, but "Trump’s debt meant they weren’t able to keep up," an analyst explained.

The Trump Taj Mahal in Atlantic City
The Trump Taj Mahal in Atlantic City   (Getty Images)
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