Donald you are fired!


TRUMP CASINO

Brian Branch Price  /  AP file

The Trump Taj Mahal in Atlantic City, N.J., is part of Donald Trump’s casino empire that filed for Chapter 11 bankruptcy protection Sunday after months of negotiations with bondholders over restructuring a crushing debt. Associated Press, 11-22-04

Who cares what Donald Trump thinks about casinos in New York or any place?  While I may not care, there are those that care about everything he does or says.  There are times when Donald Trump simply trumps everyone; however, not since the early 1980s has he been taken very seriously by the gaming industry.  Because of his financial failures, industry observers are always stunned when outsiders take him so seriously.  Lawmakers, regulators, bankers and reporters always seem to think he his charmed and that his name alone would  guarantee success.  When the Donald was bidding on a casino license it was very difficult to beat.  He was hard to be not because of his superior presentations or his demonstrated operating results – he was never a very good operator – but because he was Donald Trump.  It was like competing against John Wayne and Marilyn Monroe, Tiger Woods and Michael Jordan, Princess Diana and John Kennedy;  the persona of such beings is almost superhuman – no mere mortal stands a chance against them.  We are after all a star struck society and the Donald is a star.  When he walks into a room grown men and women fall to their knees and offer their praise to his greatness.

And reality does not interfere with his image; Trump is slowly exciting the industry after years of failures, bankruptcies and failed relationships; now there are only two casinos left with his name on them, Trump Taj Mahal and Trump Plaza.   Post bankruptcy, the third for Trump in Atlantic City, his ownership has been reduced to the status of a minor partner; the Donald no longer calls the shots in any casino.  However, people still seek him out on major issues, looking for his wisdom and insight; reporters treat his answers as if they are of great importance and visionary – go figure.   If the New York Daily News wants to know whether casinos in New York will harm Atlantic City, why not ask Steve Wynn, Sheldon Adelson, Tilman Fertitta or Keith Smith from Boyd they all have slightly better track records than Trump?

Donald, those casinos have not been doing just fine since the casinos opened in Pennsylvania – more gambling in New York is just going to make matter worse, sir.  Oops, he fired me and I did not even mention his hair.  Fired or not, I think it is time someone fired him.

 “Atlantic City will be a place that will have giant casinos, and those giant casinos, because of their location to each other and the ocean nearby, will do just fine,” Trump told the Daily News. -The Donald is betting that legalizing casinos in New York won’t hurt Atlantic City. Despite sluggish revenues for the Jersey casinos, real estate mogul and television star Donald Trump believes Atlantic City can remain a gambling mecca — even with the Empire State in play…Trump and other Atlantic City gambling interests helped scuttle the last serious effort to legalize casinos in New York, in 1997. New York Daily News, 5-7-12

 

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