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The Atlantic City casino Trump built for $1.2 billion is having a liquidation sale — here's everything up for grabs
Trump in front of the Taj Mahal, 1990. Chaarles Rex Arbogast/AP
President Donald Trump's failed Atlantic City casino, the Trump Taj Mahal, is having a liquidation sale starting Thursday.
The casino, which opened in 1990, was once dubbed the "eighth wonder of the world" by Trump. But by 1991 the casino had declared bankruptcy, as Trump had financed it with $900 million in junk bonds. CNN recently reported that the casino broke anti-money laundering rules 106 times during its first year of business.
In 2009 Trump had severed most of his ties with the Atlantic City casino, though he retained a stake in the parent company so that the casino could still use his name until 2016, when it officially closed under the ownership of Carl Icahn.
Hard Rock International bought the casino for $50 million in May, and it's now planning a $375 million renovation and rebranding. This month, it's having a liquidation sale to get rid of all the items inside.
http://www.businessinsider.com/trum...ixtures-are-also-available-during-the-sale-16
Trump in front of the Taj Mahal, 1990. Chaarles Rex Arbogast/AP
President Donald Trump's failed Atlantic City casino, the Trump Taj Mahal, is having a liquidation sale starting Thursday.
The casino, which opened in 1990, was once dubbed the "eighth wonder of the world" by Trump. But by 1991 the casino had declared bankruptcy, as Trump had financed it with $900 million in junk bonds. CNN recently reported that the casino broke anti-money laundering rules 106 times during its first year of business.
In 2009 Trump had severed most of his ties with the Atlantic City casino, though he retained a stake in the parent company so that the casino could still use his name until 2016, when it officially closed under the ownership of Carl Icahn.
Hard Rock International bought the casino for $50 million in May, and it's now planning a $375 million renovation and rebranding. This month, it's having a liquidation sale to get rid of all the items inside.
http://www.businessinsider.com/trum...ixtures-are-also-available-during-the-sale-16
