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Donald Trump?s business disaster is worse than you think Donald Trump?s business disaster is worse than you think
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Old 03-08-2016, 09:54 AM   #1
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Donald Trump?s business disaster is worse than you think
Well this is intradesting...

Donald Trump?s business disaster is worse than you think - MarketWatch
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Old 03-08-2016, 09:57 AM   #2
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"New" story about his last century's casino failure, great.
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Old 03-08-2016, 10:01 AM   #3
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Quote:
Originally Posted by mineistaken View Post
"New" story about his last century's casino failure, great.
1995 to 2005 was barely 1-2 decades ago, not a century ago.

Quote:
For 10 years between 1995 and 2005, Donald Trump ran Trump Hotels & Casino Resorts — and he did it so badly and incompetently that it collapsed into Chapter 11 bankruptcy. His stockholders were almost entirely wiped out, losing a staggering 89% of their money. The company actually lost money every single year. In total it racked up more than $600 million in net losses over that period.

Trump was chairman of the board throughout the entire time, and CEO as well for about half of it.

This is the sort of record usually associated with an Enron or a WorldCom or a Pets.com.

Meanwhile, over the same period, all his competitors were enjoying an enormous boom. Take a look at our chart.

While Trump was running Trump Hotels & Casino Resorts into the ground, the Dow Jones index of gambling stocks — the index that Trump himself cited in public filings as his best benchmark — soared 160%. Investors in Harrah’s saw their stake go up by nearly 150%. MGM MGM, -2.62% quintupled. These people were making out like bandits.

Donald Trump ran the worst performing casino company on the stock market. This isn’t a matter of “opinion.” This isn’t speculation or politics. It’s a matter of plain fact.

However, one person associated with Trump Hotels & Casino Resorts did make money:

Donald J. Trump.

A review of the company’s public filings show that over that period, while his ordinary investors were getting hosed, Trump himself was siphoning millions out of Trump Hotels & Casino Resorts through salary, “bonuses” — yes, really — and cozy “service agreements” or side deals with his private corporations.
I don't think "business success" in any way qualifies him to run the country, but it is looking more and more that Trump isn't the success he endlessly brags to be.
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Old 03-08-2016, 10:05 AM   #4
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Reminder: Donald Trump didn't write 'The Art of the Deal'
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Old 03-08-2016, 10:13 AM   #5
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All of Atlantic City tanked.
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Old 03-08-2016, 10:15 AM   #6
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Originally Posted by L-Pink View Post
All of Atlantic City tanked.
as it seems
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Old 03-08-2016, 10:16 AM   #7
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1995 to 2005 was barely 1-2 decades ago, not a century ago.
My point was not years, my point was that his casino failure was widely displayed already.
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Old 03-08-2016, 10:17 AM   #8
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All of Atlantic City tanked.
Stop making sense, it was only loser businessman Trump
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Old 03-08-2016, 10:18 AM   #9
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This morning on TV Donald Hump said "He employees lots of people in Hawaii at his hotel". Turns out, once again, the hotel isn't owned by him or his company, but they just license the name. The hotel has nothing to do with him.
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Old 03-08-2016, 10:23 AM   #10
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Mark you have linked up a story by a biased reporter.

You obviously are low information

ALL the casinos in Atlantic City went down. Not just the one Trump had.

The BIG boys of casinos in the U.S. are MGM and Caesars.

Trump having "Trump Plaza" with 3 mid sized casinos (by todays standards) hardly meant much of anything.

Having said that...Caesars Casino's also filed for Chapter 11 in Atlantic City for the Ballys Casino and Caesars Casino there.

Here is a link to a report from Moodys saying that the remaining Casinos in the town may not last either: More Atlantic City casinos may close, says Moody's - Dec. 1, 2015

There is a huge difference in claiming that somebody is incompetent and an entire industry in a town crashing.

Stop being ignorant and educate yourself.

I live here in Vegas. And even Vegas was hurt badly.
Today...Vegas doesn't even come close to the casinos in Macau China. They are DESTROYING Vegas in terms of revenue.

Atlantic City never had a chance...with the economic collapse AND the surge of Native American Casinos....people in the U.S. no longer are forced to go to Atlantic City or Vegas to gamble. You can literally gamble everywhere in the country now.
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Old 03-08-2016, 10:40 AM   #11
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Atlantic City

https://en.wikipedia.org/wiki/List_o..._United_States

Quote:
Bally's Atlantic City Atlantic City Atlantic New Jersey Boardwalk
The Borgata Atlantic City Atlantic New Jersey Marina
Caesars Atlantic City Atlantic City Atlantic New Jersey Boardwalk
Golden Nugget Atlantic City Atlantic City Atlantic New Jersey Marina
Harrah's Atlantic City Atlantic City Atlantic New Jersey Marina
Resorts Casino Hotel Atlantic City Atlantic New Jersey Boardwalk
Revel Atlantic City Atlantic City Atlantic New Jersey Boardwalk Closed September 2, 2014[5]
Showboat Atlantic City Atlantic City Atlantic New Jersey Boardwalk Closed August 31, 2014
Tropicana Casino & Resort Atlantic City Atlantic City Atlantic New Jersey Boardwalk
Trump Plaza Hotel and Casino Atlantic City Atlantic New Jersey Boardwalk Closed September 16, 2014[6]
Trump Taj Mahal Atlantic City Atlantic New Jersey Boardwalk
Most of the successful casino and resorts are still open in Atlantic City including one Trump casino/hotel the Trump Taj Mahal. So, exactly why did one (Trump Plaza) fold and the other survive?

https://en.wikipedia.org/wiki/Trump_..._new_ownership

Quote:
Workers from the Trump Taj Mahal casino marched to Mayor of Atlantic City Don Guardian's office on the morning of November 3, 2014 to ask him to reconsider granting concessions, which the struggling casino says are necessary to keep the casino open. About 1,000 employees signed a petition calling on the mayor and other elected officials "to do everything possible" to keep the casino open. At the time, four of twelve casinos in Atlantic City had closed and Trump Taj Mahal would have been the fifth if it were to close. [8]

On November 14, 2014, Trump Entertainment Resorts announced that the casino would shut down in December if its main union didn't drop its appeal of a court-ordered cost-savings package, which had effectively cancelled the workers' health insurance and pension coverage.[9] However, it was revealed that the closing was to happen because it has not received the state and local tax breaks it sought.[10] The owner of the struggling Trump Taj Mahal Casino Resort filed court papers on November 14, 2014 saying it will close in December.

In filing a revised reorganization plan in Delaware bankruptcy court, Trump Entertainment Resorts said its board has approved a shutdown of the casino by December 12, 2014. The Taj was given a small reprieve announcing today a new shutdown date of December 20. On December 18, 2014 two days before The Taj was slated to close, UNITE HERE Local 54 reached a deal with Trump Entertainment Resorts which saved The Taj from closing. Also, billionaire Carl Icahn committed 20 million for The Taj that same day, aiding efforts to help with Trump Entertainment Resorts' fourth bankruptcy.[11]

In February 2016, Carl Icahn bought the Trump Taj Mahal, allowing it to exit from Chapter 11 bankruptcy. The casino will retain the name "Trump Taj Mahal" but Donald Trump will no longer retain his 10% ownership stake, as Trump Entertainment Resorts becomes a wholly owned subsidiary of Icahn Enterprises.[12]
Another Trump business gone bad -- that is why
"concessions"
Screw the city and the casino workers.
Make America Great!
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Old 03-08-2016, 10:56 AM   #12
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Some more selective reporting by the liberal media. They are true spin doctors. Atlantic City as a whole ate a massive shit sandwich.
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Old 03-08-2016, 11:03 AM   #13
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All of Atlantic City tanked.
That's because Atlantic City is a Piece of Shit. It's hard to get that shitty so close to the water but they managed to do it some how. I thought Atlantic City would be at least 50% as good as Vegas but it's about 5% of what Vegas is. I would NEVER go there again. What a Shit Hole
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Old 03-08-2016, 11:32 AM   #14
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I don't think "business success" in any way qualifies him to run the country...
I've lived in the US for 30+ years, and am still mystified why so many voters here think that being successful in business somehow qualifies you to run for high office.
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Old 03-08-2016, 11:57 AM   #15
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I've lived in the US for 30+ years, and am still mystified why so many voters here think that being successful in business somehow qualifies you to run for high office.
https://www.psychologytoday.com/blog...onedownmanship

This sheds some light on the subject.
I found this article searching, Transference /Countertransference; Freudian ....
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Old 03-08-2016, 12:32 PM   #16
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Some more selective reporting by the liberal media. They are true spin doctors.
Liberals can not win most/all of the arguments without spinning/twisting/lying/cherry picking etc. You can not be reasonable and logical person and be a libby at the same time simply because liberal thinking does not align with logic.
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Old 03-08-2016, 01:25 PM   #17
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Originally Posted by ********** View Post
1995 to 2005 was barely 1-2 decades ago, not a century ago.

I don't think "business success" in any way qualifies him to run the country, but it is looking more and more that Trump isn't the success he endlessly brags to be.
Hillary is about a 100 times worse than Trump.
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Old 03-08-2016, 02:18 PM   #18
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not gonna work mark. a few lemmings will be dazzled. but thinkers know better & its revealing itself in the comments.

just demonstrates the desperate level of spinning that the dumb liberals cherry pick a few of donalds losers that happened when an entire sector crashed. cant count on the liberal press, or liberals at GFY, to tell the truth. just focus on tidbits that paint a distorted picture when the bigger picture is filtered out.

foiled again mark.
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Old 03-08-2016, 02:50 PM   #19
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not gonna work mark. a few lemmings will be dazzled. but thinkers know better & its revealing itself in the comments.

just demonstrates the desperate level of spinning that the dumb liberals cherry pick a few of donalds losers that happened when an entire sector crashed. cant count on the liberal press, or liberals at GFY, to tell the truth. just focus on tidbits that paint a distorted picture when the bigger picture is filtered out.

foiled again mark.
foiled again? I didn't write it, I just linked to it.


Quote:
Originally Posted by Robbie View Post
Mark you have linked up a story by a biased reporter.

You obviously are low information
Any time someone links to something that you don't personally agree with, you scream bias, or "liberal media", etc etc.

Here's a little education for you:

Trump Airlines : Gone.
Trump Vodka: Done and done and gone.
Trump Mortgage: Bad idea, and gone
Trump: The Game: Gone
Trump Steaks: (Gross!) Gone.
Trump ICE (bottled water): Gone.
GoTrump.com (Airline): Gone
Trump Magazine : Boring and gone.
The New Jersey Generals (A Trump football team): Losers, and gone.
Trump Entertainment resorts : 4 Bankruptcies 1991, 2004, 2009, and 2014
Trump Tower Tampa : Fall down go boom and GONE
Trump University. Gone.

Sorry you're all butthurt over your boy Donald Trump. I'm sure you will still vote for him no matter what though.
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Old 03-08-2016, 03:00 PM   #20
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At least his wife is hot, potential first lady ?
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Old 03-08-2016, 03:07 PM   #21
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Old 03-08-2016, 03:13 PM   #22
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Mark, do you have friends that own and start businesses? I do and myself included we have had some real turds. We have had some great successes as well but if you are in business to open businesses failure is just part of the overall experience.

In fact Forbes will tell you that over 50% will fail within 5 years for a variety of reasons. Trump is a businessman, he owned hundreds, some have to fail. Criticizing him for not having a 100% success rate is foolishness.
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Old 03-08-2016, 03:15 PM   #23
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Breaking News: Trump cries at 2nd birthday because he pissed his diaper
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Old 03-08-2016, 03:17 PM   #24
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Btw, I guess Hillary and whitewater is fair game now? How many people died or lost their savings with Trumps restructuring of debt for a business in a city that flopped
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Old 03-08-2016, 03:17 PM   #25
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Here's a little education for you:

Trump Airlines : Gone.
Trump Vodka: Done and done and gone.
Trump Mortgage: Bad idea, and gone
Trump: The Game: Gone
Trump Steaks: (Gross!) Gone.
Trump ICE (bottled water): Gone.
GoTrump.com (Airline): Gone
Trump Magazine : Boring and gone.
The New Jersey Generals (A Trump football team): Losers, and gone.
Trump Entertainment resorts : 4 Bankruptcies 1991, 2004, 2009, and 2014
Trump Tower Tampa : Fall down go boom and GONE
Trump University. Gone.
K mark. you wanna go there. here's a little education back.

Trumps winners:

Sentient Jets LLC (Now/Known/As Trump Jets LLC)
T International Realty LLC (dba Trump International Realty)
The Donald J. Trump Foundation, Inc.
The Trump Corporation
The Trump Follies Member Inc.
The Trump Equitable Fifth Avenue Company
Trump 106 CPS LLC
Trump 55 Wall Corp
Trump 767 Management LLC
Trump 845 LP LLC
Trump 845 UN GP LLC
Trump 846 UN MGR Corp
Trump 846 UN MGR LLC fka 845 UN LLC
Trump AC Casino Marks LLC
Trump AC Casino Marks Member Corp
Trump Acquisition Corp.
Trump Acquisition, LLC
Trump Books LLC
Trump Books Manager Corp
Trump Brazil LLC
Trump Briarcliff Manor Development LLC formerly Briar Hall Development LLC
Trump Canadian Services Inc
Trump Canouan Estate LLC
Trump Canouan Estate Member Corp
Trump Caribbean LLC
Trump Carousel LLC
Trump Carousel Member Corp
Trump Central Park West Corp
Trump Chicago Commercial Member Corp
Trump Chicago Commercial Manager LLC
Trump Chicago Development LLC
Trump Chicago Hotel Member Corp
Trump Chicago Hotel Manager LLC
Trump Chicago Managing Member LLC
Trump Chicago Member LLC
Trump Chicago Residential Member Corp
Trump Chicago Residential Manager LLC
Trump Chicago Retail LLC
Trump Chicago Retail Manager LLC
Trump Chicago Retail Member Corp
Trump Classic Cars LLC
Trump Classic Cars Member Corp
Trump Commercial Chicago LLC
Trump Cozumel Corp
Trump Cozumel LLC
Trump CPS Corp
Trump CPS LLC
Trump Delmonico LLC
Trump Development Services LLC
Trump Development Services Member Corp.
Trump Drinks Israel Holdings LLC
Trump Drinks Israel Holdings Member Corp
Trump Drinks Israel LLC
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Trump Education ULC
Trump Empire State, Inc.
Trump Endeavor 12 LLC
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Trump EU Marks Member LLC
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Trump Ferry Point LLC
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Trump Florida Management LLC
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The Trump Follies LLC
Trump Fort Lee LLC
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Trump Golf Acquisition LLC
Trump Golf Coco Beach LLC
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Trump Golf Management LLC
Trump Home Marks
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Trump Ice LLC
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Trump Identity LLC
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Trump International Development LLC
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Trump International Golf Club Inc.
Trump International Hotel and Tower Condominium
Trump International Hotel Hawaii LLC
Trump International Hotels Management LLC
Trump International Management Corp
Trump Kelowna LLC
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Trump Korean Projects LLC
Trump Las Olas LLC
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Trump Las Vegas Corp.
Trump Las Vegas Development LLC
Trump Las Vegas Managing Member LLC
Trump Las Vegas Managing Member II LLC
Trump Las Vegas Marketing and Sales LLC
Trump Las Vegas Member LLC
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Trump Las Vegas Sales & Marketing Inc.
Trump International Hotel & Tower Las Vegas Unit Owners Association
Trump Lauderdale Development 2 LLC
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Trump Management Inc
Trump Marketing LLC
Trump Marks Asia Corp
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Trump Marks Atlanta LLC
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Trump Marks Baja Corp
Trump Marks Baja LLC
Trump Marks Batumi LLC
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Trump Marks Beverages Corp
Trump Marks LLC
Trump Marks Canouan Corp
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Trump Marks Chicago LLC
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Trump Marks Cozumel Corp
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Trump Marks Dubai Corp
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Trump Marks Egypt Corp
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Trump Marks Fine Foods LLC
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Trump Marks Golf Swing LLC
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Trump Marks Holding LP (FKA Trump Marks LP)
Trump Marks Hollywood Corp
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Trump Marks Istanbul II Corp.
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Trump Marks Jersey City Corp.
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Trump Marks Las Vegas Corp
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Trump Marks LLC
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Trump Marks Puerto Rico I LLC
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Trump Marks Punta del Este LLC
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The Donald J. Trump Company LLC
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Trump Marks Waikiki Corp
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Trump Marks Westchester Corp.
Trump Marks Westchester LLC
Trump Marks White Plains Corp
Trump Marks White Plains LLC
Trump Miami Resort Management LLC
Trump Miami Resort Management Member Corp
Trump National Golf Club Colts Neck LLC
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Trump National Golf Club Washington DC LLC
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Trump Ocean Manager Inc.
Trump Ocean Managing Member LLC
Trump Old Post Office LLC
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Trump Organization LLC
The Trump Organization, Inc.
Trump Pageants, Inc.
Trump Palace Condominium
Trump Palace/Parc LLC
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Trump Panama Hotel Management LLC
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Trump Parc East Condominium
Trump Park Avenue Acquisition LLC
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Trump Payroll Chicago LLC
Trump Payroll Corp.
Trump Phoenix Development LLC
Trump Plaza LLC
Trump Plaza Member Inc. fka Trump Plaza Corp.
Trump Procida Fort Lee LLC
Trump Productions LLC (former Rancho Lien LLC)
Trump Production Managing Member Inc
Trump Project Management Corp.
Trump Properties LLC
Trump Realty Services, LLC (fka Trump Mortgage Services LLC (03) & Tower Mortgage Services LLC)
Trump Restaurants LLC
Trump RHF Corp
Trump Riverside Management LLC
Trump Ruffin Commercial LLC
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Trump Ruffin Tower I LLC
Trump Sales & Leasing Chicago LLC
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Trump Scotland Member Inc
Trump Scotsborough Square LLC
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Trump SoHo Hotel Condominium New York
Trump Soho Member LLC
Trump Toronto Development Inc
Trump Toronto Hotel Management Corp.
Trump Toronto Member Corp. (formaly Trump Toronto Management Member Corp)
Trump Tower Commercial LLC
Trump Tower Condominium Residential Section
Trump Tower Managing Member Inc
Trump Village Construction Corp.
Trump Vineyard Estates LLC
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Trump Vineyard Estates Lot 3 Owner LLC (fka Eric Trump Land Holdings LLC)
Trump Virginia Acquisitions LLC (fka Virginia Acquisitions LLC)
Trump Virginia Acquisitions Manager Corp
Trump Virginia Lot 5 LLC
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Trump Wine Marks LLC
Trump Wine Marks Member Corp.
Trump World Productions LLC y LLC
Trump World Productions Manager Corp
Trump World Publications LLC
Trump/New World Property Management LLC
Trump Castle Management Corp
Trump Marks White Plains Corp
Trump RHF Corp
The Donald J. Trump grantor Trust ? DJT is the Trustee Successor ? Trustee is Donald J. Trump, Jr.
The Donald J. Trump Revocable Trust

my list is far longer than yours.
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Old 03-08-2016, 03:19 PM   #26
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Btw, I guess Hillary and whitewater is fair game now? How many people died or lost their savings with Trumps restructuring of debt for a business in a city that flopped
Oh come on, Hillary gets a pass on her KKK mentor and friend I'm sure she gets a pass on her failed businesses as well. You know better.
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Old 03-08-2016, 03:28 PM   #27
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Originally Posted by L-Pink View Post
Oh come on, Hillary gets a pass on her KKK mentor and friend I'm sure she gets a pass on her failed businesses as well. You know better.
She's made it her mission to fight for and protect women. Well, protect them but not from her husband but why get all noit picky about it.
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Old 03-08-2016, 03:33 PM   #28
noshit
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Donald Trump gives no Fucks. You Weak Pajama Boy Anti-Trump Morons.

Go ahead and vote for more of the same so they can bleed the last bit of juice out of that Turnip you call a brain
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