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...City, Caesars Atlantic City Hotel Casino tried to get credit for the $625,000 statue of Caesar Augustus that guards its entrance. Trump promised to build affordable homes in Atlantic City when he bought Resorts International Casino Hotel in 1987. Then last year he sold the casino to entertainer Merv Griffin, leaving Griffin with $925 million in debt. "I gave that obligation to Merv," says Trump now. "He got the debt, and he got the low-income housing." These days, to satisfy a city beautification ordinance, Trump has tried to get the Trump Plaza garage, a plain block of white...

Author: /time Magazine | Title: Atlantic City, New Jersey Boardwalk Of Broken Dreams | 9/25/1989 | See Source »

Sensory bombardment can be fun, especially for high rollers like Lisa Wishnick, a vivacious platinum blond from New York City who recently persuaded her oil-executive husband to celebrate their 13th anniversary with a weekend in Atlantic City. The people who track the betting at Merv Griffin's Resorts Hotel and Casino estimate that the Wishnicks have access to a $50,000 line of credit, so everything but the gambling is complimentary: the 48-minute helicopter ride, the mauve suite, even the caviar. Never mind that just about everyone else in the casino is dressed for mowing the lawn, Wishnick...

Author: /time Magazine | Title: Atlantic City, New Jersey Boardwalk Of Broken Dreams | 9/25/1989 | See Source »

Entertainer Merv Griffin was hailed as a tough and savvy bargainer last year when he bested billionaire Donald Trump in a battle for control of Resorts International, which owns casino-hotels in Atlantic City and the Bahamas. But now Griffin's plunge into gambling is looking like a dubious bet. Last week Resorts reported a $46.6 million loss for the year's first half. To stay afloat, Resorts may have to reduce sharply the $925 million in debt that Griffin assumed when he acquired the company for about $365 million...

Author: /time Magazine | Title: CASINOS: Who Really Won the Pot? | 8/28/1989 | See Source »

...gambling casinos, notably Trump Plaza and Trump's Castle. It is not true that Trump owns India's Taj Mahal, but he does own Atlantic City's version, which will be three times the size of the puny original. Trump acquired this toy after much bargaining with TV entertainer Merv Griffin over the purchase of troubled Resorts International, which ended with Trump's getting the unfinished Taj Mahal and Griffin's getting everything else. This will make Trump the biggest dealer in Las Vegas East. (Estimated operating profits this year: $100 million...

Author: /time Magazine | Title: Flashy Symbol of an Acquisitive Age: DONALD TRUMP | 1/16/1989 | See Source »

...path. Letterman's influence will be evident in both shows: each, for example, plans to take the camera outside the studio occasionally. But mostly the newcomers are following the old-fashioned approach: a band, a couch and an easygoing, plain-folks appeal. Not since the heyday of Merv Griffin and Mike Douglas have talk shows been so user friendly...

Author: /time Magazine | Title: Video: And Now, Nice-Guy Talk Hosts | 1/9/1989 | See Source »

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