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If that was the case his Atlantic City casino wouldn't have gone belly up.
Trump skimmed all the profits for himself by paying himself a huge salary, etc. until it was no longer able to pay investors at which time trump filed bankruptcy and took off with the $$$$$! See my previous post.
Trump screwed his employees at his Atlantic City casino also while trump paid himself a salary so high, the business was no longer in the black.
Quote:
Yet among those who suffered as a result of Trump’s bankruptcies were his own casino employees, who collectively lost millions of dollars in retirement savings when the company’s value plummeted.
Trump’s company encouraged its employees to invest their retirement savings in company stock, according to a class-action lawsuit filed by employees against Trump Hotels & Casino Resorts following its 2004 bankruptcy. Then, when the stock price was near its nadir as bankruptcy loomed, the company forced the employees to sell their stock at a huge loss. More than 400 employees lost a total of more than $2 million from their retirement accounts, the lawsuit states.
Was the OP being a smart alec saying with success -- lol. Because it was one of his least successful adventures...well maybe behind the water, steak, university, etc.
If trump opens gambling casinos in Florida, all those HOAs housing projects for the retired will go bankrupt as seniors will gamble their retirement savings away.
Quote:
Older people are especially vulnerable to gambling related problems due to loss experienced in their personal life: loss of role, loneliness, social isolation, and a lower or fixed income.
Not when the trump's can pocket all the profits in the name of (humongous) salaries until the place goes into the red then bankrupt it. That is the MO of trump with his casinos.
Quote:
The New York Times, which conducted an analysis of regulatory reviews, court records, and security filings, found otherwise, however. It reported in 2016 that Trump "put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses, and other payments.
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