Word: casino
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...turntable sounds from hip record labels like Tigersushi and 75 Ark. A Little Italy CD will take tourists to Albanese Meat and Poultry, a traditional butcher shop that features Momo the Butcher behind the counter. Vinny Vella, the self-proclaimed mayor of Elizabeth Street and a veteran character actor (Casino), narrates the CD, which includes Italian and Italian-American songs...
...TRUMPED? Casino woes cast doubts on the Donald's managerial skills...
Trump's forte is brand building, and he is the brand, the Martha of money. Trump does commercials for Verizon, was host of Saturday Night Live and last week unveiled Trump Visa, which rewards cardholders with casino discounts. There is now Trump Ice bottled water and a hot-selling book, How to Get Rich. Publicity, in other words, is his strength...
...business? Trump Hotels' shareholders have concerns. "I don't think he knows a thing about running the casinos," asserts Marvin Roffman, an analyst and longtime Trump critic at the investment firm Roffman Miller. The cash-starved casinos are run down and have been losing customers to newer outfits like the Borgata Hotel Casino & Spa, which opened last year. Since selling initial shares to the public in 1995, Trump Hotels has never recorded an annual profit and the stock has fallen 84%. If Trump gets the deal he wants to recapitalize the company, existing shareholders may get wiped...
...tough negotiator too. He knows from experience that when you owe billions, the creditors are in just as much trouble as you are. And he isn't all that desperate. His outsize ego could no doubt handle the potential Atlantic City bankruptcy, and his stake in the casino properties is, he says, only about 1% of his net worth...