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Atlantic City, N.J., Economy Rides on Reversal of Trump's Casino Fortunes.
Knight Ridder/Tribune Business News, March, 2004
By Elise Young, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News
Mar. 2--An accountant trying to get a grip on Donald Trump's problems in Atlantic City can start with the books and the $1.8 billion in debt.
Anyone else can hit the Boardwalk and marina, home to three of his casinos. It won't take long to see why Trump felt compelled to hand over control of his only public company, Trump Hotels & Casino Resorts Inc., in exchange for $400 million from an investor bent on a turnaround.
At Trump Taj Mahal, the haze from the smokers on the betting floor is Newports and Carltons. At the Borgata -- Atlantic City's newest casino, and it's not Trump's -- the aroma is hand-rolled Macanudos, with their hint of fine coffee and...
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