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TRUMP HOTELS CASINO RESORTS
Trump Hotels & Casino Resorts Inc., operators of Trump Marina, Trump Plaza, Trump Taj Mahal and Trump Casino Indiana, is currently staring bankruptcy in the face. Second quarter financial statements for the period ending June 30 released on July 28 reveal that the publicly traded gambling conglomerate had net losses of US$17.6 million, which is 76 per cent higher than the quarter before. Revenue for the quarter was US$293.2 million down from US$306.9 million in the previous quarter. While that is still impressive by Jamaican standards, the company has US$81.1 million on hand but has a November debt payment of US$73 million. And that is just the tip of the US$1.8 billion debt the company must pay off. But there's a catch.
Source: jamaica-gleaner.com (built 14585 days ago)
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