🔥 Atlantic City: 'Trump turned this place into a ghost town' | Art and design | The Guardian

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World globe An icon of the world globe, indicating different international options. The other, championed by the Trumps and other debt holders, would reorganize the company with that debt still on the books. Trump, he may be entitled to royalties from these third party vendors. This time, a judge disagreed with them. Trump Entertainment Resorts was not long for this world after that. Again sidled with debt and unable to make ends meet, the casinos went back into bankruptcy a few years later. It indicates a way to close an interaction, or dismiss a notification.

Subscriber Account active since. Inthe Trumps sued to have their name taken off the casinos. Of course, the Trumps were still debt holders in the company and had a say in the bankruptcy proceedings. Linette Lopez.

They argued that the fact that the casinos had fallen into "disrepair" was a violation of the licensing agreement. Sort of. Business Insider logo The words "Business Insider". A leading-edge research firm focused on digital transformation. While we do not directly pay royalties on such merchandise to Mr. It often indicates a user profile. Reuters They say that in the casino business the house always win. Close icon Two crossed lines that form an 'X'. Creditors like the Trumps would make out better, though, and there was another added bonus — the casinos would get to use the Trump brand. Trump under the previous trademark license agreement during or ," the company said in government documents in The reality of the Trumps' arrangement with the casino was a little bit more complicated than that. The court, citing the value of having the Trump name on the property, went with the latter plan, and the casinos got to use the Ivanka and Donald Trump brand and likeness free of royalties. Those payments, however, went to third-party vendors — to whoever it is that gets a cut of that particular piece of the Trump brand — and through them into the Trump universe. Login Subscribe Subscribe. The property first went bankrupt in , just a few days after both Donald and Ivanka resigned from the board , citing "internal turmoil" due to the casino's poor financial performance. To make a long story short, two plans were presented to the court. The Trumps lost that case, and the name stayed. The casino ended up spending a ton of money on Trump products, including about a quarter of a million dollars for Trump-branded water in both and , filings show. Account icon An icon in the shape of a person's head and shoulders.