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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Pogeu Mahone who wrote (123387)7/2/2010 2:10:00 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Of course, if it goes belly up, it probably doesn't lose even one day of wagering. The new owners (debt holders) are certainly not going to get more revenue by shutting it down.

Trump takes some of his casinos down fairly regularly to jettison the junk debt. Often, he "rescues" these entities that are his in name only. Not an ethical way of doing business, but a profitable one. money.cnn.com