Genius, huh?
http://money.cnn.com/2016/10/10/news/com...-stack-dom
http://money.cnn.com/2016/10/10/news/com...-stack-dom
Quote:Trump Taj Mahal closes its doors in Atlantic City
Quote:The Taj opened in April 1990 and had financial problems almost immediately, according to an analysis by CNN of documents Trump filed with state gaming authorities.
Trump financed it with junk bonds and could not cover their payments with profits from the gaming operations. On four of the Taj's first 16 days of operation, its bank account contained less than $0, with deficits as deep as $1.7 million, according to a New Jersey Division of Gaming Enforcement report from 1990.