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April 07, 2004Financial Woes Hits Trump's N.J. CasinosWhile Donald Trump basks in the popularity of his runaway hit reality TV show, ``The Apprentice,'' the auditors for his Atlantic City casino property are raising alarms over the financier's real-life debt load. In a letter to the company's board of directors, auditors for Ernst & Young LLP said that the debt-laden company, which runs three Atlantic City casinos, is struggling under stiff competition, recurring operating losses and had a working capital deficit as of Dec. 31, 2003, the auditors said. Read More |
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