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Trumps Casinos are on the Rise
Donald Trump's casino company got out from ruin last spring and is forcefully trying to reclaim lost ground. With new organization managing the casino Trump Entertainment Resorts Inc. is getting its houses in order restored rooms, adding up restaurants and spending money on employee cafeterias and new fashionable uniforms.
In its first quarter from the Chapter 11 reorganization, Trump Entertainment earned about $3.2 million, a worthless sum by casino industry standards but a signal that the company's chances are lastly looking up.
"We're very thrilled as we've been waiting for this kind of turn for months," said Trump Plaza Marie Sheehan, a 22-year employee who says she's receiving better tips lately because of the upgrading made by the organization.
The Trump Entertainment Resorts Inc. that possesses three casinos in Atlantic City, fought for years below the weight of $1.8 billion in junk-bond liability, with interest payments consuming most of the cash presented by the slot machines halls and blackjack tables. After going public in 1996, it never put out a profit.
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