Tuesday, February 17, 2009

Trump Entertainment Goes Down

It seems like Donald Trump can’t win them all.  According to CNNmoney casino operator Trump Entertainment has filed for bankruptcy just four days after the Donald resigned as chairman.    The company is just one of many gambling companies facing trouble during the recession.  While gambling usually increases during rough times, analysts say consumers are unwilling to spend the money to get to casinos, which has cut into earnings.  Today’s announcement caused Trump stock to plummet 35% to 15 cents a share.

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