Real Estate mogul gets Trumped
Tuesday, February 17, 2009 - By Gate Arty
Well he didn't get fired, but mega-renowned real estate mogul Donald Trump is no longer a part of Trump Entertainment Resorts, Inc. On Tuesday after "the Donald" resigned as chairman, the company filed for Chapter 11 bankruptcy. Trump has long been distancing himself from the troubled yet highly visible segment of his business, noting that the casino accounted for a mere 1% of his extensive empire & went on to say, "my investment in it is worthless to me now." Last December, the casino missed its $53.1 million bond payment. It has assets listed at 2.1 billion & a total debt of $1.74 billion.
By the way, the new season of Celebrity Apprentice premieres soon. That Trump will go to any means to make news, huh?
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