Even Trump Casinos Cannot Escape The Current Economy

The economy is getting so bad in the United States, that even one of the countries most successful businessmen cannot escape. Donald Trump has made billions of dollars by knowing how to deal with all kinds of economies.

The current economy in the US, however, has Trump Entertainment Resorts Inc. running for cover. The company has dropped in NASDAQ trading. Not a good sign for a company fresh out of bankruptcy.

The company has seen a decline in revenue for the fourth straight quarter. The company has three properties in Atlantic City, and it is becoming evident that something needs to be done.

"It doesn't seem like they can operate with three properties in Atlantic City," said Dennis Forst, an analyst with KeyBanc Capital Markets.

Trump Entertainment has already attempted to sell one of its properties, but last summer came and went without the sale being finalized.

The company came out of bankruptcy back in 2005, and has now posted its biggest loss since the bankruptcy. Competition from other casinos has also caused a drop in revenue for the company.

March 7, 2008
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
Submit News!