Trump Casinos Filing for Bankruptcy
Tuesday August 10, 2004
He made millions in real estate, built a casino empire and conquered television with a reality show that turned "You're fired" into a national catchphrase.
But Donald Trump's glitzy, neon-trimmed casinos have busted. Now, they're headed for bankruptcy court, a $400 million bailout and a new corporate structure in which he surrenders much of his control.
The roulette wheels will keep spinning and the nickel slots will keep eating coins at Trump Taj Mahal, Trump Plaza and Trump Marina, but parent corporation Trump Hotels & Casino Resorts Inc. may soon have new bosses calling the shots. Read More

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