Word: trumps
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GREMLINS 2. Those anti-Muppets are back, terrorizing a Manhattan high-rise run by a zillionaire who blends all the worst tendencies of Donald Trump and Ted Turner. It's ingenious fun, but relentlessly noisy. After an hour or so, you may feel like a captive teacher at a kindergarten in hell...
...financial troubles, Donald Trump remains a master of the theatrical gesture. Negotiating with dozens of bankers in Manhattan on a plan to restructure his $2 billion debt, he suddenly proclaimed it was time for lunch. Trump went to the phone, called a nearby McDonald's from memory and ordered 25 Big Macs and 25 Quarter Pounders. Hamburgers, he declared, were among his favorite foods. Coming from a person who was asking to borrow an additional $65 million, this was just the kind of down-to-earth taste the bankers were hoping to find...
...Donald Trump fights to save his Atlantic City casino empire, he might cast an envious eye at booming Las Vegas. The desert Mecca of hype and high rollers is on a winning streak. Las Vegas casino revenues surged nearly 12% last year, to $3.2 billion, at a time when the take at Atlantic City grew just 2.6%, to $2.8 billion. The hot hand encouraged Las Vegas hoteliers to add 10,000 new rooms in the past year alone, a 16% increase. Last week more than 50,000 gamblers and gawkers flocked to the opening of the world's largest hostelry...
...Donald Trump showed his bankers last week that he can still play a mean game of chicken. The embattled developer disclosed that he failed to pay at least $30 million that was due Friday on bonds issued by his Trump Castle casino in Atlantic City. His missed payment could lead to default, which in turn could push all or part of Trump's holdings into bankruptcy. He knows his bankers want to avoid that, since it could leave them with a lot of hard-to-sell real estate in New York and New Jersey...
...Trump, who has a ten-day grace period to make his bond payment, may be trying to increase the pressure on his bankers in their negotiations to restructure his $2 billion debt load. Four major New York City banks have already agreed on a proposal that would extend him an additional $60 million to meet payment deadlines. But some of the smaller New Jersey banks reportedly balked at the terms because they felt they were taking on too much risk under the new arrangement...