Donald Trump’s Casino is Bankrupt
Donald Trump‘s three casino filed for chapter 11 or bankruptcy on Tuesday. The casinos had until today to reach an agreement with bond holders to restructure $1.25 billion in debt. The casinos missed their $53 million interest payment on their debt.
Trump was frustrated that bond holders and their allies on the board rebuffed his offer to buy the company and take it private. He resigned from the board last Friday.
Trump told The Associated Press Tuesday morning that “Other than the fact that it has my name on it _ which I’m not thrilled about _ I have nothing to do with the company,”. Trump acknowledged the company has limited rights to use his name, but hinted he may seek legal action to force them to stop using it.
Go trump. You need to disassociate yourself from them. You don’t have mess up your name. Your name is associated with “Your bankrupt” or sorry, I mean “Your fired“
