Then why did one of Trump's casinos go broke? He bankrupted the Taj Mahal. How does a casino go broke?
I'm surprised you couldn't figure it out.
(Reuters) - Trump Entertainment Resorts Inc , which operates two casinos in Atlantic City, joined the list of casino operators in New Jersey that have filed for bankruptcy.
Trump Entertainment operates the Trump Taj Mahal Casino Resort and the Trump Plaza Hotel and Casino in Atlantic City.
The casino industry in Atlantic City is declining due to growing competition from new rivals in the northeastern United States and a fall in disposable income.
Around 8,300 people are losing jobs in Atlantic City with three casinos closing in less than a month.
Showboat, a Caesars Entertainment Corp property, and Revel closed recently, while Trump Plaza Hotel and Casino is due to close on Sept. 16.