Word: mahal
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MOSCOW ON ICE HOLIDAY SPECTACULAR. If you can stand the culture shock, drop by Donald Trump's glitzy Taj Mahal Casino, with its neo-Indian domes and portals, and catch this breathtaking ice-skating gala by a prizewinning troupe of Soviet athletes in dazzling exotic costumes. In Atlantic City, through...
...self-proclaimed King of the Deal managed to stave off disaster again -- but for how long? Last week Donald Trump missed a $47 million semiannual interest payment on $675 million worth of junk bonds used to finance his Taj Mahal casino in Atlantic City. Taj bondholders had the right to foreclose completely on the casino, but the developer persuaded them to go into business with him instead...
Before making his fateful decision to sink $1 billion into the bejeweled Taj Mahal Casino in Atlantic City, Donald Trump should have done his homework on the ill fortune that befell the builder of the original Taj. The cost of constructing the 17th century Indian marvel, which took 20,000 laborers 22 years to complete, eventually exhausted the royal treasury of the Shahjahan and triggered the decline of the Mogul Empire. Nearly 350 years later, the Taj's modern namesake may have unleashed the grandiose downfall of Manhattan's self-styled King of the Deal...
...value of their securities plunge by as much as 50%. Bondholders of two Atlantic City properties, the Trump Castle and Trump Plaza Hotel and Casino, filed a lawsuit last week charging that the tycoon had diverted clientele from his older casinos -- contrary to his assurances -- to his new Taj Mahal...
...planted in 1987, when Trump got tangled in a bruising takeover battle with another tycoon, Merv Griffin, for control of Resorts International. In a deal they both claimed as a victory, the two split up the company, with Griffin taking most of Resorts and Trump getting the uncompleted Taj Mahal. Griffin's older, debt-laden properties went into bankruptcy only two years later. Trump had to borrow an estimated $1 billion to finish the monstrous Taj. Ominously, the city's casino business, which had grown pell-mell during the '80s, abruptly stagnated...