Red pill me on Trump's casinos going bankrupt and why this isn't a big deal

Red pill me on Trump's casinos going bankrupt and why this isn't a big deal.

Doesn't this show that he fucking sucks as a business man?

I mean fuck his casinos lost money right?

Bankrupt???

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It wasn't Trumps fault
Atlantic City wasn't a good city

It was a debt restructuring bankruptcy, a good business move if your assets aren't performing to expectations.

Add to that, Atlantic City made a lot of promises to make the real estate seem more valuable than it actually was. AC couldn't keep their promises, let the city go to absolute shit and anybody who invested in the area took a loss as a result

Red pill on why Hillary lost the 2008 primary?

Doesn't this show that she would fucking suck as a president?

People succeed. People fail. Sometimes shit happens you can control. Sometimes a magic negro or 95 year old socialist shows up and you are too weak to defeat them.

People in business take risks. The nature of risks is that sometimes you lose. The question is: do you win in the long run? I'd say he's doing just fine.

Not that leftists, who have never done a proper job in their lives, or worked in business, or trade, would ever understand anything about taking risks.

Everything dies baby thats a fact
But maybe everything that dies someday comes back
Put your makeup on fix your hair up pretty
And meet me tonight in atlantic city

>open casino in east coast vegas
>surrounding states legalize gambling
>no one gives a shit about east coast vegas
>goes while getting is good.

>Doesn't this show that he fucking sucks as a business man?
>I mean fuck his casinos lost money right?
>Bankrupt???

Doesn't he run like 500 other businesses? THAT is why this isn't a big deal.

Whoever dies with the most debt wins.

If you can spend a bunch of money and never have to actually "pay" for it why wouldn't you?

If you can abuse the bankruptcy system do it.

Holy shit, all these fucking redditors who don't understand a single thing about business. It's called a chapter 11 bankruptcy, you stupid fuck. It's common place for people to leave the the industry if they see a potential decline. What he did was a savvy business move, and while also being a good move for him, it also shows how fucking stupid liberals like you are because you and your retarded friends can't even grasp the idea of this.

>Runs 500 businesses
>With only 24 hours in a day and while running for President

I think you mean "makes money off of other people's work while doing absolutely nothing" from 500 other businesses.

So by your logic he isn't fully responsible for the casino?

If he doesn't do anything why don't those other people leave and start their own business together?

No according to him he wasn't responsible at all. Apparently Donald Trump isn't responsible for anything his businesses do, according to that user.
Really makes you think...

He's basically a poster child for everything wrong with capitalism.

What's worse, is that when one of his underlings fucks up, he STILL gets money by cheating the bankruptcy laws.

He literally does absolutely nothing but steal money from businesses other people run. He's probably one of the few rich people that by killing them, you actually make the economy run better since he won't be leaching so much.

Because then it wouldn't have the word "TRUMP" on the business card.

Amazing how you can make millions just from having a last name, and people love you for it.

>one business is doing worse than expected
>bankrupt it so you can move the money into businesses that are doing better than expected
>repeat
>make lots of money

This is how business works buddy

literally the only guy who managed to lose shitloads of money while running fucking _casinos_

I'm not a liberal nor am I a redditor you obnoxious cunt. I just want ammo to combat the exact assholes you are talking about.

TRUMPSHILLS! Where you at? This guy just insulted your god emperor. You just gonna sit there and take it like a BernCuck?

basically all of atlantic city has collapsed

population has halfed since the 50's and it is riddled with crime/povery

there have been 4 major casino bankruptcies/closures since 2014 including one that opened in 2012 that was supposed to save the town.

he still has trump taj mahal which is one of the most well regarded casinos left. still, they are all sort of crumbling

lack of regulation is what made atlantic city. you couldn't open casinos up anywhere. now many states have legalized it and there is competition closer to home so people don't make the trip.

they have a huge advantage over everyone else in the region though - being beach front, but never made use of it until it was too late. (in it's prime it was a resort town).

americans have less money to gamble with, it's a bit too far from nyc for day trips, and most people only day trip instead of spending extended vacations there.

AC is a lot nicer than people who have never been there will say though. you see that a lot.

So it sounds like he is, in fact, doing something for the business.

Why don't you go try to put your dipshit name on something and see if it sells?

Tip: you actually have to fucking be somebody to brand your name. It helps having actually done something, in order to be somebody.

Unlike Hillary Clinton, who was married to Bill (while he banged interns), that's her claim to fame. If you are good with numbers, tell me- what are the odds a man would be president and out of 100,000,000 eligible citizens, his wife becomes president? She's a fucking puppet, who's only claim to fame is being in a political marriage with another politician.

So fucking what a business went bankrupt? Imagine how many times an Olympic athlete has to lose before they get a medal? Are they still losers because they lost all those other times, or are they winners because they finally got that fucking medal?

>Doesn't this show that he fucking sucks as a business man?
anyone who could run a profitable tourism business in the modern Atlantic City would be a literal god, and Trump isn't *quite* that good

Losing a few battles doesn't mean you'll lose the war, in the end the leader is judged on wether he won the war or not
Making a few bad business moves doesn't mean you'll lose your entire business, in the end the businessman is judged on wether he had a sucessful business career or not.
Anyone who focuses on a few business errors is a narrow minded shill. And to play the devil's advocate, it'd be the same with Hillary if she had been a great secretary of state those who focus on her emails would be just as dumb as those who focus on trump's business failures. She proved to be an incompetent secretary of state though.

Liberals: He runs casinos! He's not a politician! What do casinos have to do with his success as a president???
Liberals again: He can't run a casino, what makes you think he can run a country!

lol

lolololol

losers and haters btfo

ITT: anons who never try criticize those who fail.

your picture is flawed. he didn't build those towers, he just sold his name to be plastered on those buildings.

I'm no financial expert, but if you ever went to Atlantic City you would understand.

Yeah but his casinos were failing long before other casinos in the area failed. Not only that, but even when the area was thriving and other casinos were doing well, his casinos were posting losses.

archive.is/yqO36

Maybe he's been successful overall but that article gives a snapshot of a lot of bad decision-making.

Does he actually own any of those buildings? Did he build any of them? Or did he just pay to put his name on them?

>The Trumps have not invested their own capital in [Trump SoHo]
>The Turkish owner of Trump Towers Istanbul, who pays Trump for the use of his name, was reported in December 2015 to be exploring legal means to dissociate the property after the candidate's call to ban Muslims from entering the U.S.

Basically that image is misleading, it seems like he licenses his name to be placed on buildings that other people are building without really doing any kind of work.

following the bankruptcy laws is apparently commensurate with cheating them now... really makes you think...

>He's basically a poster child for everything wrong with capitalism.
lol look how deluded this liberal is.

No,. the real people who are what's wrong with capitalism are the people who profit off of the destruction of the economies of countries, like your god shill Soros. Remind me, who broke the bank of england? Who funds the Ukrainian rebels? Who is trying to make China collapse by trying to destroy the Yuan? Who is betting against the US economy? Who helped crash housing market 2008? Who is declared a National enemy by China and his own country that he was born in?
It wasn't Trump, it was your kike business overlords and nation destroyers. Stupid ignorant retards like you are what's truly wrong with Capitalism.

Atlantic City has been going down the tubes for decades.

PA and NY wanted to stop their citizens spending millions in Jersey, so they legalized gambling to get that tax money.

From what I heard, he's already out, sold the casinos and allowed his name to be attached.

Hillary went to Yale law school. she can become someone wither she stayed with Bill or not.

but but but he will make america great dont ask me how this is not important because people who run for the president chair would never lie and tell me stories just to get my vote.

Its like most of Sup Forums is voting for the first time , but that wouldn't surprise me here.

Atlantic City is a shit hole. Trust me, I've been there plenty of times over the past few years.

That's because he has a name worth selling. How'd that happen? He probably went to the bankruptcy outlet and asked for enough bankruptcys to buy a lot of businesses. Anyone can do that!

how many people go through bankruptcy 4 times and still own a massive real estate empire and a billion dollars on hand

You didn't even answer the question, typical libtard. If Trump is not responsible for successful businesses, how is he responsible for the failed ones?

didn't this casino destroy the whole city?
kek, he must have hate atlantic city

Do they still have those shitty Jitneys that drive up and down that street by the boardwalk?
Those things were scary and bumpy.

Ken- I'll bet that bitch Hillary has not built a single skyscraper.

Hell what has she done other than run for public office? And be married to another politician?

Also, in order to brand something you have to be a somebody. Try attaching your worthless name to a building and see how that works out for you.

>has a casino
>doesn't donate the proceeds to native americans

fuckin racist scum

Gross. Springsteen is a faggot and his music is terrible. I work with a guy that threw his ass out of a bar in the 80s for being a big mouth douchebag.

>$.05 has been donated to your Paypal

Yes. It's such a small city though, just walk everywhere.

You're asking far too much when you expect a liberal to come to a conclusion with logic and principle.

The only good place is the Irish Pub.

Ac is a fucking ghetto of course people are gonna opt for the nice new locations in PA and NY

>how many people go through bankruptcy 4 times and still own a massive real estate empire and a billion dollars on hand
Like, all of them? I've scarcely seen someone wealthy go broke after having one of his companies file for bankruptcy. People with a certain level of wealth are playing a completely different game with different rules and different possibilities than most of us will ever be able to.

Same reason why/how rich people seem to stay rich after financial crises that decimate the lives of regular folks.

Atlantic City is bankrupt, Trump got out because he knew. Plus Atlantic City if filled with niggers.

great song

Idiots
This is a shill thread
Because it benefits us for tards reading to know the right answer

10ish businesses failing vs 400 succeeding is a good ratio

>Same reason why/how rich people seem to stay rich after financial crises that decimate the lives of regular folks.
Because you never use your own money.

People who actually invest successfully and make millions of dollars succeed about 5-10% of the time.

While everything you said is true, it's very important that when they dodge the question you repeat it twice. If they continue to avoid it then you can take it as a win. If this happens in public, they look very foolish.

Indian Casinos opened in CT , along with economic downturns made Atlantic City a bust. Not related to Trump. He got out first.

Think about a lemonade stand at the entrance to a subdivision; there's so many people that pass by every day, and so many of them will buy lemonade. If someone opens another lemonade stand right next to you, you're dividing the potential market of lemonade between you.

Atlantic City had a certain amount of money that could be made from gambling, it had explosively grown earlier that decade, but that growth was slowing down, and more casinos were opening. Trump made the mistake of believing the growth would go forever, and staked a large amount of debt on the idea that opening a new casino (The Taj) would mean an ever increasing amount of money flowing into the area.

I want to say the total debt on the Taj approached but didn't exceed a billion, and there was no way with the slow growth in gambling that it would make that money back anytime this millennium. Trump entered into a specific kind of Bankruptcy, where he offered shares in the property in exchange for cutting the debt, increasing the time he had to pay it off, or lowering interest rates.
There were a lot of smaller companies that had helped to build the Taj that wouldn't benefit as much from this deal, pretty sure contractors and others got royally fucked, but that's just a part of running business in some senses. Trump himself more or less emerged unscathed and ready to go into the next venture.


>Same reason why/how rich people seem to stay rich after financial crises that decimate the lives of regular folks

This is because Trump doesn't put his own money up on many of the projects he runs. Plaza was primarily funded by another investment company with Trump taking on a management role. Trump put relatively little money in by comparison to them until they bowed out once the profits started slowing down.

thanks bro!

>I'll bet that bitch Hillary has not built a single skyscraper.
As far as I know, she has not.

>Hell what has she done other than run for public office? And be married to another politician?
Wait why are we talking about Hillary?

>Also, in order to brand something you have to be a somebody.
That's not necessarily true. There are lots of "somebodies", a lot of them scientists and innovators, who have done things that will have a positive and lasting impact on humanity, who you probably couldn't even name. You have to convince people you're somebody, that doesn't necessarily mean that you truly are.

"Trump" is a brand that became synonymous with wealth, that he built up externally while his businesses failed internally. So in that sense, he's really successful. But also somewhat of a phony.

Name a billionaire without a single failed business venture

plus all the casino's in Philly now.
Its not worth going to AC just to gamble or the beaches.
To many niggers makes the beaches there suck.
you can go south a little bit and find nicer beaches without all the niggers and other trash.
only people who go to AC now are niggers, spics, and other scum of the earth.

Mainly, this is why.
>pic related.

Also, he turned his Chapter 11 bankruptcies into profits.

Trump's casinos went bankrupt around the time that the economy was down in AC, therefore you can't sustain a business if the environment around you is not going to sustain your business.

>ID: Lt0Ck4BY
Light Cock Baby?
Lieutenant Cock Baby?
Lock Baby?

>donald trump was born rich. and just by being rich make people believe in him.
>filing bankruptcy doesn't make him poor. infact he got richer. because he 'controls' the operations of the business, he can and he did took all the capitals from the business before it went bust (he paid himself 1mil per year when the casino is losing money every year).
>people(or actually 'bankers' who represent the investors, but are not the investors themselves) invest in him because he is still rich.
there.

All these responses saying atlantic City was just a bad place to open a casino are ignoring the fact that Trump CHOSE to open a Casino there. What kind of businessman opens a casino in a place where he knows/should know that it will be a bad investment?

Why didn't other major casino's go bankrupt then?

He opened more than one, which is part of why it became a bad idea. He was competing against himself, in a limited market.

Filing chapter 11 3 times in 10 years in never a "good business move," retard.

His decision to do that supports finding that he is an incompetent businessman.

It's changed recently you clueless moron

some did.
showboat went bankrupt
Revel got a bailout and then Revel close a few month after opening.

that's my point

people don't understand that bankruptcy is different as far as how it affects your wealth when you run a load of different franchises and companies

like half of them did ya fucking idiot

He seems rather mediocre to be honest. Maybe he's made more smart decisions than bad ones, but his bad decisions are so flagrantly bad it makes you question his intelligence completely.

It's called staying competitive. It is a loophole you can use as a business man to keep more of your money.

Everyone does it, so he has to do it to to stay competitive.

It wasn't just the economy in AC. In fact, that was probably the least contributing factor to his bankruptcies. E.g., I would say Trump decision to build the $1B Trump Taj Mahal had more to do with it than the economy in one city.

and that right there is the whole problem with the social media
people only want to hear about what fits their agenda
maybe if NJ wasn't such a corrupt cesspool of human waste
and if it wasn't for AC turning into Detroit maybe AC would still be relevant

If you fail a couple exams in school but end up with an A average, does that mean you're stupid?

The fact the media focuses on his couple failures is clear evidence it's the only thing they CAN bring up.

some of the cups

...

i hope you understand that being president is different from being savy business man. he has to actually take care of others instead of his own money.
don't cry when he default the dollar while buying 10 more properties for himself in bermuda

>an A average

uh

Why do people only focus on Trump?

There are dozens of casinos that fail, The Strip is always being rebuilt

Trump 29 was a business deal that ended as well.

The good old days when casinos used coins.. lol

>Atlanta was the new las vegas
>Early birds like trump rushed to build casinos
>Atlanta booming
>Not illegal to count cards
>Casinos not making as much but still good
>Jews make counting cards illegal
>Tourists say fuck it, I'd rather be in Vegas if I can't count
>Atlanta economy severely declines
>Trump got fucked by jews

And you think Hillary is better? Get out of here, Shill.

>make counting cards illegal
>using your brain is illegal

Steve Jobs almost lost it all - remember? You think every division Jack Welch ever launched worked? Surely every software product released by Microsoft has been successful, right?

>Source: My Ass

You're completely wrong.

Atlantic City has been fucked for years. The advent of other casinos like foxwoods and Mohegan and now tons other have killed AC. It is in its death throes right now. Well known in the industry. Makes perfect and obvious sense too: AC 50 feet off the boardwalk is an absolute shit hole dump. No reason at all for anyone to go there now that there are other choices.

-casino manager