this post was submitted on 03 May 2026
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[–] rizzothesmall@sh.itjust.works 23 points 2 days ago (2 children)
[–] nosuchanon@lemmy.world 2 points 18 hours ago* (last edited 18 hours ago) (1 children)

Don’t forget all the other Trump branded businesses that also went bankrupt:

Major Bankruptcies

  • Trump Taj Mahal (1991) – A casino in Atlantic City that struggled with debt

  • Trump Castle (1992) – Another Atlantic City casino that became unprofitable

  • Trump Plaza Hotel (1992) – A hotel in Manhattan that accumulated substantial debt

  • Trump Hotels and Casino Resorts (2004) – A restructured entity that faced financial difficulties

  • Trump Entertainment Resorts (2009) – The renamed Trump Hotels and Casino Resorts, which filed for bankruptcy again

  • Trump University (2010) – An educational venture that faced lawsuits and closed

  • Additional Ventures

    • Trump Mortgage (2006) – Failed within 18 months due to the housing market collapse
    • Trump Steaks (2007) – A luxury meat brand that was discontinued shortly after its launch
    • Trump Vodka (2006–2011) – Failed to gain market traction and ceased operations
    • Trump Shuttle (early 1990s) – A high-end airline service that operated briefly before going out of business
[–] rizzothesmall@sh.itjust.works 3 points 17 hours ago (1 children)

How do you even fail at casinos so many times? They're like fly traps, you just set them up and they attract money...

[–] nosuchanon@lemmy.world 4 points 16 hours ago

Money laundering for the Russian mob. The money enter the casino, gets washed, and then leaves the casino.

The casinos were mismanaged a the majority of the money never stayed in the casinos. Trump sold properties to Russians and Saudis and that money was his payment for laundering.

The casinos were bankrupted so Trump could pass the costs onto his investors and keep whatever money he grifted without paying.

[–] Test_Tickles@lemmy.world 7 points 1 day ago

That's a god damn lie! Trump did not bankrupt a casino!

A casino would imply that he learned his lesson after the first one. No, Trump bankrupted 4 casinos. And then for good measure, he went back and he bankrupted half of them again.