r/pics 2d ago

Demolition of Trump Plaza Hotel and Casino in Atlantic City. Politics

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u/PhilEpstein 2d ago

Some context: this happened in 2021. The property is now a vacant patch of sand.

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u/NotAlwaysGifs 2d ago

And had been closed since 2014. The original demolition was scheduled for 2017, and then rescheduled for 2020. It finally went down in 2021 after the company that bought the land made some modifications to the structure to allow it to be collapsed safely.

Also, the reason it closed was because Trump Taj Mahal opened nearby in 1990 and took all of its patrons away. Taj Mahal closed in 2017 and was purchased by Hard Rock and reopened in 2018.

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u/hax0rmax 2d ago

I know I'm alone on this, but I liked the Taj. It had 4am $4 steak and eggs.

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u/NotAlwaysGifs 2d ago

We went a couple of times in the early 2000s before all of this political nonsense and it was... interesting. You could definitely feel that it was in decline, but there were some nice features. The steak and eggs was awesome, and I forget what the drink was exactly, but there was a $2 drink special on the floor. They were probably just Kool-Aid with cheap vodka, but it got the job done.

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u/hax0rmax 2d ago edited 1d ago

I see we're both degens. It had a special place in my heart.

I still go. I like to go after Christmas and before new years. Cheap and deserted. Trop, Bally's, Caesars are fine. The mountain bar, Irish pub, rooftop at Claridge are all fun to visit.

I personally think AC is coming back, but what do I know

Edit : I forgot about Mike B's cafe off the main strip... Best friend chicken I've ever had. Go for a hangover recovery.

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u/FatMacchio 2d ago

Gambling is starting to go mainstream it feels like, so that would make sense. There’s alotta new gambling addicts being minted in the younger generations

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u/hax0rmax 2d ago

But there are so many more casinos in more states. I don't know where this is going to lead.

I actually hate how accessible gambling is... People cannot help themselves. I'm just lucky I don't have that itch constantly.

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u/Bosco215 1d ago

My local butcher shop has a little side room with a few machines.. yeah, I'm glad I don't feel the need to gamble, or I'd be in trouble.

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u/nyne87 2d ago

Personally I like to go when there is a lot of action. Deserted casinos are just sad to me.

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u/Current-Physics-3538 1d ago

Plenty of action when I went there. Some dudes fought and there was blood everywhere but I made like $160 on slots so it was a good night lol

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u/Jooglex 2d ago

I felt the peak of it was 03-05 before the recession

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u/bubblegoose 1d ago

Pennsylvania licensed casinos in 2004.

That probably started the decline, they lost a lot of customers that would come over from PA.

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u/thomerD 2d ago

Koolaid and Trump vodka. FIFY.

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u/unWildBill 2d ago

That carpet was horrendous

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u/Readonkulous 2d ago

Trump opened a hotel nearby and stole patrons from his other hotel?

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u/NotAlwaysGifs 2d ago

About a mile away. And it’s not even like the Plaza was old when he built the Taj.

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u/Readonkulous 2d ago

Must have been some grift, though I suppose I can’t rule out idiocy. 

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u/MrFaves 1d ago

Mr Trump was smart enough to own not 1, not 2, but 3 hotel and casinos at the same time in Atlantic City. If you’ve never been to AC before, then you really don’t know how small it actually is. Owning 2 hotel/casinos was flooding the market but adding a third just literally took money from one of his casinos to another. A fiscal impossibility to turn a profit. One of the worst business moves in the history of New Jersey

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u/ed_11 1d ago

Wasn’t it 4? Trump Plaza, Taj Mahal, Trump Castle, and Trump World Fair (the old Playboy/Atlantis).

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u/mrPandabot35 2d ago

Whoever builds on it next is going to have a Poltergeist situation.

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u/Wonderful_Horror7315 2d ago

I was thinking they’re going to need to burn a lot of sage over that land. LOL

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u/mikeyriot 2d ago

an improvement, no doubt.

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u/NotMyRealNameAgain 2d ago

Same goes for Trump's brain: vacant patch of sand

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u/kenistod 2d ago

Rush Limbaugh's final horcrux. Found and destroyed.

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u/The_Number_13 2d ago

Still one in Vegas

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u/Beelzabubba 2d ago

It isn’t a casino.

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u/kendogg 2d ago

He's black booked. According to a cabby, though, thats because Steve Wynn 7 Trump HATE eachother, and Wynn has used his influence to ensure Trump will never have a casino in Vegas.

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u/Excellent-Spend-4203 2d ago

Not sure about this, could be true .. but from what I know. Trump has filed for bankruptcy. Nevada law prohibits anybody whose filed bankruptcy to have a gambling license

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u/theskepticalheretic 2d ago

Pretty sure he's black booked for double dealing with contractors and being the only casino to go bankrupt.

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u/MaxineTacoQueen 2d ago

Plenty of casinos have gone bankrupt.

They all paid their builders, tho.

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u/theskepticalheretic 2d ago

I wasn't previously aware of any. Ty.

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u/Donkey__Balls 1d ago

Steve Wynn 7

They re-clone him every time one dies, like Weyoun on Star Trek. Hopefully Steve Wynn 8 will be better.

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u/Gunter5 2d ago

That's odd. Every hotel is a casino in Vegas

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u/linzava 2d ago

It's super sad looking. This ugly gold colored nothing building sitting in the dark by itself, far away from anything interesting. Looks tacky for Vegas standards too.

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u/TheAndrewBrown 2d ago

I knew some people staying there a couple years ago so I ended up in there at one point. It’s exactly what you’d expect from a Trump hotel in Vegas. Everything is gawdy as hell but obviously cheaply made.

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u/johnny_cash_money 2d ago

I noticed something the last time I was on the strip. LVBlvd curves to the northeast at Caesar’s Palace, so if you’re down around the Cosmo / Bellagio / Paris that place looks like it’s on the strip. It’s not, but I figure that was intentional, trying to look like prime real estate.

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u/bralma6 2d ago

It’s also kinda centered when you drive in from the south on Las Vegas Blvd. If you have to stop at the light right after the Welcome to Las Vegas sign (Russell Road) and look straight ahead you see the hotel. Im assuming it was intentional.

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u/BettyBarfBag 2d ago

I ran into some guys last year who were staying at the trump hotel in Las Vegas. Nice guys, but you could tell they were disappointed but still kind of looking for a reaction. So far from the strip, and not even an onsite casino. It's just...weird.

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u/icouldntdecide 2d ago

I think those who haven't visited are taken aback by the fact it's not in the heart of the strip. Granted it's arguably on the north side, but Trumps hotel in Vegas is mostly an afterthought in comparison to all the big casinos

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u/Enlight1Oment 2d ago

to some degree the northern side of the strip is getting built up more now. Fontainebleau and Resort World recently opened north of Trumps tower. But at the same time, why would anyone want to go to trumps hotel vs the Wynn across the street? Or Fontainebleau? Trump tower in vegas just looks old compared to all the more modern hotels. The only advantage I could see is if you wanted privacy since you'll probably have the entire floor to yourself.

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u/thunderstormcoming00 2d ago

No on-site casino??? Is it because tRUMP couldn't get a license??

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u/Effective-Dust7576 2d ago

Wanna buy a branded steak or a Bible, how about some Trump wine? Maybe we can interest you in some clown shoes?

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u/nuby_4s 2d ago

Its a big golden penis with parking garages for balls.

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u/linzava 2d ago

That's exactly what it looks like!

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u/dclaw 2d ago

Apparently it has perennial plumbing issues too. I heard of someone who had a toilet backup into their room at 3am.

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u/ballrus_walsack 2d ago

Trump was probably flushing classified documents again.

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u/Impossible_Penalty13 2d ago

Trump has been a proverbial toilet backing up on the country for the last 40 years.

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u/anchorftw 2d ago

Eventually, everything Trump touches goes to shit.

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u/kinss 2d ago

Biff Tannen's Pleasure Paradise

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u/PressureSouthern9233 2d ago

You just described Trump 😂

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u/cenaenzocass 2d ago

There are quite a few non-gaming hotels. Even on the strip. It’s a whole area of hospitality that people seek out. No noise or smoking is a plus. Vdara is one of my favs in Vegas.

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u/MerchantMilan 2d ago

Vdara is the best. Plus, you don't have to walk a half mile to the elevator to go to your room.

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u/xSTSxZerglingOne 2d ago

I actually have fond memories of being given fairly broad spectrum freedom for some of the first time in my life in Vegas. Trusted to go to the arcade and find my own way back to the room. Those half-mile walks were a rite of passage into parental trust!

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u/flibbidygibbit 2d ago

Trump was denied a gaming license.

There was supposed to be an adjacent building with a casino under different management, but the financial crisis hit and it never materialized.

The Trump property location is fitting, because it's quite literally on the outside looking in.

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u/Beelzabubba 2d ago

I wonder if he couldn’t get a casino license.

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u/MartyCool403 2d ago

The rumour is When Trump was huge in Atlantic City, Steve Wynn wanted to open his first casino outside Vegas in Atlantic city. Trump used his influence to have the gaming board deny Wynn a gaming license. Then in the 2000's trump wanted to build in Vegas. Originally his building was going to be condos but the economy went down the tubes so he pivoted to a hotel. He tried to get a gaming license but supposedly Steve Wynn gave him a little payback and influenced the gaming board not to give trump a license.

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u/Impossible_Penalty13 2d ago

I think by then Nevada had saw enough of Trump’s nonsense from Atlantic City that Wynn didn’t really have to twist any arms to get his way on that one.

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u/Zocalo_Photo 2d ago

“Heya, Gaming Commission? Yeah, it’s Steve. Steve Wynn. Look. I’m going to need to call in a favor and get you to deny Trump a gaming license.”

“No need, Mr. Wynn. We denied that weeks ago. That man can’t run a casino for shit.”

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u/ThreeOneThirdMan 2d ago

Wynn for the win

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u/xSTSxZerglingOne 2d ago

Wynn is every bit as bad as Trump. They're just assholes being assholes to each other.

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u/Harbarbalar 2d ago

He's worse imo, waaaaay smarter.

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u/BlueBunny03GTi 2d ago

But Wynn has real money......trump doesn't 😂

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u/Empyrealist 2d ago

Not the Trump Hotel. Even though its co-owned by Phil Ruffin, who owns the Treasure Island Hotel & Casino. Still can't get a license, because no one with any sense trusts Trump.

Its just a tall timeshare.

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u/CompetitionOk2302 2d ago

Trump could never obtain a Nevada gaming license; fraudulent / questionable business practices in New Jersey / New York. His Bedminister, New Jersey golf club has lost its liquor license due to his convictions.

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u/Select-Pie1516 2d ago

It's a shit hole. From here.

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u/SackclothSandy 2d ago

No, you're confused. That's his whorecrux.

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u/Yara__Flor 2d ago

I’m actually staying there next month. My father in law got us a hotel package for our 10 year anniversary. He knows that I am basically to the left of Marx, so I think he did it as a joke.

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u/the_drozone 2d ago

Now im wondering if Voldemort could have used a literal building as a horcrux, like make Hogwarts the horcrux so they would need to destroy it to defeat him. Or a car or something

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u/vardarac 2d ago

hogwarts itself being the final boss would have been insane

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u/the_drozone 2d ago

It kinda was when the statues came down to defend the place

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u/darkfuture24 2d ago

Every time someone reminds me that Rush Limbaugh is dead, I stand up and dance a jig.

Thanks for helping me burn some calories.

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u/Busy_Method9831 2d ago

The statue in Missouri is the final horcrux.

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u/wish1977 2d ago

That made America Great Again.

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u/YourPalPest 2d ago

Definitely made New Jersey great again

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u/italjersguy 2d ago

Let’s not go crazy here. But it did make Atlantic City marginally better.

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u/shapesize 2d ago

Lol Make America Marginally Less Bad

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u/Fraeco 2d ago

Mamma

Make America Marginally More Amicable

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u/MightBeAGoodIdea 2d ago

You got my vote!

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u/Thoracic_Snark 2d ago

I assure you that NJ still sucks.

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u/Alextryingforgrate 2d ago

Cleaning things up gotta start somewhere.

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u/Skitz-Scarekrow 2d ago

Atlantic City is such a shit hole, I don't even know where one would begin.

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u/BodaciousFrank 2d ago

Well knocking down Trump Plaza Hotel seems like a good enough place to start

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u/ArtemisLives 2d ago

Hello from NJ. Nuh-uh.

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u/IGuessIAmOnReddit 2d ago

We're from Jersey, baby, and you're not!

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u/s4lt3d 2d ago

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u/Duke55 2d ago

Gotta hand it to the Demo guys, they know their stuff. That last bit, where it does that quarter turn to bring it all down on top of itself is something special..

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u/MinisterOfTruth99 2d ago

Symbolic for how every Trump business and project ends.😂🤣

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u/NHJack 2d ago

Yeah. He tried to do it to the US Capitol building

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u/Grubfish 2d ago

People are telling me it was the best demolition they've ever seen.

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u/No-Orange-7618 2d ago

Many people with tears in their eyes.

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u/Perfect-Drummer-6496 2d ago

Would have been better with him inside.

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u/artgarciasc 2d ago

How the fuck do you bankrupt a casino?

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u/DeuceSevin 2d ago

New Jerseyan here and one who used to follow Trump because I believed he was a great businessman. If I remember correctly, all of his casinos were profitable from an operating perspective. In other words, their revenue exceeded their operating costs. The problem was, they didn't make enough to service the debt that they took on.

What I learned later was that That Asshole took on more debt than the casino could service by design. It allowed him to siphon off money through various means and then leave the investors holding the bag when it defaulted.

My opinion of him has since changed. I still think he's brilliant, but his brilliance lies in the area of con artistry.

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u/bbusiello 1d ago

I still think he's brilliant, but his brilliance lies in the area of con artistry.

Honestly, I had to wonder if it was this or something else that got banks to continuously loan him money. Deutsche Bank being an example.

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u/Swordfishtrombone13 2d ago

He's got such great business accumen that he's run several casinos into bankruptcy 😂 what a fuckin loser

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u/IncognitoBombadillo 2d ago

You have to suck at handling money to bankrupt what is essentially a money printing machine.

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u/EEpromChip 2d ago

...unless the plan is to take over the casino and use it to funnel money illegally say... like having your father convert cash into chips and then walk out with the chips. Illegal way to inject money into a dying business.

Or have construction projects funded by Russia. Shave a buck here or buck there, into a shell account and then into a different shell account and then you are laundering like the pros. Declare bankruptcy and just walk awy with a bag full of cash while the bank takes the loss.

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u/Ask_bout_PaterNoster 2d ago

When banks take losses the rich up prices and interest rates for the poor. Trump’s failures are absorbed by the economy that our labor class has built. Loser executives like him cost us more than just wealth, we pay for their bad ideas with lack of healthcare, education, public works. We pay for their failures with our lives

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u/Donnicton 2d ago

Whole not surprising, article appears to also say his father did it to save Donnie's casino which was already failing, so it's not necessarily beating the allegations either.

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u/ToaruBaka 2d ago edited 2d ago

I believe Fred Trump... 3rd? Jr? (Donald's Nephew, decent guy from the little I've looked into - does a lot for disabled kids) just wrote a book about the Trumps, and he talks about this chip thing as Donald taking advantage of his old and mentally declining father. Donald is a sick fuck, and his father wasn't exactly a great person either, but this instance seems to be Donald being particularly evil.

Edit: Link to an interview with Fred Trump talking about this (2:30 if the timestamp is messed up)

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u/Swordfishtrombone13 2d ago

"stable genius" 😂

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u/No-Orange-7618 2d ago

hahahahahahahahhahahahha

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u/KriegerClone02 2d ago

Well he might be able to outsmart Mr. Ed. Mainly because I'm pretty sure Mr. Ed is dead.

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u/hokie47 2d ago

He is a idiot but casinos are not completely money making machines. Massive labor and food expenses. The problem was they just built too many in the area, and yes that was his fault. I was a casino data analyst years ago.

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u/Cautious-Demand-4746 2d ago

Main issue was AC was dead, trump thought he would be able to save it. He was wrong, nothing could save AC. Sucks but AC is horrible place to go

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u/Alita_Duqi 2d ago

I mean it’s fine 2 blocks or less from the beach.

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u/Cautious-Demand-4746 2d ago

I meant for gambling, for a beach town it’s fun. It needs to be a beach town.

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u/MagnusAlbusPater 2d ago

The Mohegan Sun and the other Indian casinos really did a number on it.

I enjoyed AC when I lived up in the area. It was definitely seedy, and I did visit the Trump Plaza and the Taj Mahal. I recall even more than 20 years ago the Plaza was rundown and threadbare, it didn’t exude luxury as much as it did lack of upkeep.

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u/VaginaWarrior 2d ago

It was a money laundering scheme.

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u/all_no_pALL 2d ago

He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen.” He also left a lot of broke and bankrupt contractors along the way, utilizing their services and never paying them. I know of two different families that took contracts and never got paid which resulted in hurting their business. It amazes me that working people of Ocean and Atlantic counties still vote for this guy.

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u/Caboose2701 2d ago

Yeah that’s why you have a lien agreement. Don’t pay me? Well that building is gonna mine.

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u/SpellingIsAhful 2d ago

Casinos, booze, Real estate, private education, and steak. These are hard things to sell in the US. It's not his fault he failed repeatedly.

[SARCASM]

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u/way2gimpy 2d ago

He's lost money in casinos and NYC real estate. Do you know how hard it is to do that?

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u/Silent-G 2d ago

Hey, I'm sure if my dad gave me $2m I could do it, too. I'd be a lot nicer about it and not do any of the raping, but I'd still run those businesses straight into the ground because I'd have no idea what I was doing.

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u/davesoverhere 2d ago

And you just proved you understand real estate and casinos better than the orange shitstain.

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u/disco-drew 2d ago

Yeah but did he personally lose money, or did the corporation lose money while he extracted value for himself, leaving investors and creditors out to dry?

Grifter’s gonna grift.

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u/socialistrob 2d ago

Meanwhile if he just hired a competent financial manager and stuck his money in basic ETFs, mutual funds, bonds and the like he would ACTUALLY be rich but he wouldn't be a household name.

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u/SpiritAnimal_ 2d ago

He himself explained that his standard practice is to borrow money and not pay it back. He said it's just smart business.

He is well known for not paying people and businesses he hires.

He has not paid taxes.

Notice the theme here?

I have no doubt that all his bankruptcies are just another part of the same strategy: borrow, and not pay back.

By the way, that's even worse than being an incompetent businessman.

There's a word for someone who keeps taking things and not paying for them: a thief.

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u/bwomp99 2d ago

And somehow people still give him money. That's his real genius.

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u/SpiritAnimal_ 2d ago

I actually don't understand why banks still give him money. That's a real puzzle to me.

The ordinary Joes are a lot easier to understand: it's essentially the con man game. You lie, pretend, and show off enough glitz and flash to make yourself look competent and successful; people buy into it and give you money because they want a piece of the action; and you fleece them and move on. No genius required (which is good, because he sure doesn't have any).

As PT Barnum said, there's a sucker born every minute.

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u/makemeking706 2d ago

Less suspicious to launder Russian money through a failing business.

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u/LYSF_backwards 2d ago

Tbh, in the white collar world, running a business into the ground and making off with millions in CEO pay or consulting fees is considered good business accumen, because to them the only thing that matters is personal profit.

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u/NoUsesForAName 2d ago

Hes run them alright... Into the fucking ground

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u/factory_air 2d ago

The contractors are still waiting to get paid.

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u/brmarcum 2d ago

I want to laugh at this joke, but I don’t think it’s a joke 😢

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u/Late_Again68 2d ago

It's not. Some of them were friends of mine who lost their businesses as a result.

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u/luthan 2d ago

I bet they run in circles where Trump is lauded. How wrong am I?

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u/Late_Again68 2d ago

I want to say you're wrong. You should be wrong.

You are not wrong.

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u/luthan 2d ago

Yeah, figured. It’s such a funny thing isn’t it. People have legit blinders on when it comes to money and hate.

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u/m48a5_patton 2d ago

"It won't happen to me"

Narrator: "It happens to them."

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u/Hot-Talk4831 2d ago

“Surely, this face eating leopard won’t eat MY face!”

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u/Jamirquai_J_Spunkle 2d ago

This is so fucking sad. I don't even know what to say.

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u/happyxpenguin 2d ago

Luckily. Someone bought the land and hotel and demolished it. So the contractors likely got paid!

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u/DeltaAvery 2d ago

Honestly if I were a contractor I would've paid to do that

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u/njsullyalex 2d ago

I saw a video the other day about a man who’s friend was a Trump contractor, never got paid, and ultimately killed himself after his legal battle to get paid destroyed him.

How did we elect Trump to President and why are we going to do it again…

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u/exqueezemenow 2d ago

My father did some design work on that building. But unfortunately he passed away so I cannot ask. I seem to recall that this was built before Trump bought it, but I might be thinking of another casino so take that with a grain of salt.

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u/JustAnotherYouMe 2d ago

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u/officefridge 2d ago

I was about to moan 'where video?' but instead i went to YouTube and looked it up.

https://youtu.be/xJOtRIj9D4M?si=x9QAnHSOhh05mhzc

It's a really nice implosion, not the best, but really, really nice. It goes down like a house a bricks, liderally. House bricks, you get it? I get. Smart.

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u/Oldmech80 2d ago

Now do the one in Vegas

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u/Late_Again68 2d ago

I watched this live. It's strange to have so many memories of the years I worked there, and now to see a big gap where it used to be.

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u/Rockfest2112 2d ago

You meet Donnie J?

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u/Late_Again68 2d ago

No, but was there when he was sneaking Marla Maples into and out of the place. My stepson met him briefly and was dazzled. But then, he's not too bright.

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u/Kpadre 2d ago

I was there just over 30 years ago. It was my first time going into a casino, and I was just a kid. Children could go into the casino, but we couldn't go on the actual floor. We'd have to stay in the hallways.

I remember looking at kids who were lining the hallways. They were lying down with blankets and pillows on the carpets while their parents played the slots.

Even as a kid, I remember thinking, "I am really glad I am not one of these kids." I just remember the expressions on their faces.

All the flashy lights and sounds lost their charisma at that moment. I had a very strong feeling of, "This is not a good place."

I have never gambled at a casino my whole life, and I never will. It was haunting.

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u/DamageBooster 2d ago

Dang. At least the casino my parents went to had a daycare with video games. They even had a room with a light flash that would print your shadow to the wall for a minute, so the kids would jump around and do poses. Kind of an awesome place.

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u/darkfuture24 2d ago

FUN FACT

Donald Trump failed to sell red meat, alcohol, gambling, and football to Americans.

Trump Steaks, Trump Vodka, Trump Casinos. And the football one is great.

Donald Trump is the reason we don't have year round professional football.

The NFL refused to allow Trump to purchase the Buffalo Bills. Probably because he doesn't reliably pay his debts and gets loans from foreign banks and generally has a horrible public image. As retaliation, he bought a controlling share of the United States Football League. The USFL operated during the NFL's off season, making for year round football, and was gaining popularity because of this. Because Trump is petty and was mad at the NFL, he forced the USFL to change their season to match up with the NFL. Americans chose to watch the NFL instead of the USFL, and the USLF ended up losing viewers and going out of business.

Anyone that tells you Donald Trump is a good businessman knows literally nothing about Donald Trump. He has failed at every business venture he's ever embarked on except real estate, which he was only able to succeed at because he inherited millions of dollars and existing real estate from his father. Real estate is very easy if you begin with a TON of assets.

Oh, and I guess he was also successful at selling hate and fear to ignorant conservatives.

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u/leeannj021255 2d ago

Thought it would be oddly satisfying...

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u/elontux 2d ago

The only casino to lose money. Says a lot about that asswipe

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u/ThunkAsDrinklePeep 2d ago

I assume most trump meetings would be indistinguishable from Mac and Dennis creating Patty's Dollars.

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u/mgnorthcott 2d ago

it was likely supposed to lose money for tax reasons.

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u/_Ryzen_ 2d ago

Pretty sure that casino was laundering Russian or mob money. Likely both

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u/MithranArkanere 2d ago

Considering Russia is being controlled by an ex-KGB, and the ex-KGB are now mob bosses, it's indeed both, at the same time, with the same person.

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u/Spartan2470 2d ago

Here is the uncropped version of this image. Here is the source. Per there.

The former Trump Plaza casino is imploded on Wednesday, Feb. 17, 2021, in Atlantic City, N.J. After falling into disrepair, the one-time jewel of former President Donald Trump's casino empire is reduced to rubble, clearing the way for a prime development opportunity on the middle of the Boardwalk, where the Plaza used to market itself as "the center of it all." (AP Photo/Seth Wenig)

Here is a video of this.

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u/NewbieTwo 1d ago

My first experience with anything Trump related was when I visited Atlantic City a few days after Hurricane Sandy flooded the area. (2012, long before his political aspirations)

Other casinos were either closed or in the middle of significant cleanup due to the presence of sewage in the flood waters.

Not Trump Plaza, they just vacuumed up the sewage and opened the doors. The smell of sewage and rotting ocean life in the carpets was overpowering. It smelled like death in a urinal with 100% humidity.

And that is how I will always think of Trump.

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u/Vg_Ace135 2d ago

How do you bankrupt a casino? The house always wins. How inept do you have to be to do that?

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u/oxpoleon 2d ago

I feel like this is a serious question so I'll give you a serious answer.

/u/njsullyalex got one part of the puzzle as to how you bankrupt a casino right.

Fundamentally, what has to happen is that your liabilities/costs are greater than your income and/or profit.

One way that happens is you take out high interest loans where your profit doesn't even cover the interest let alone a payment that actually reduces the overall debt. The result is that month on month, the size of your owed amount continues to grow and you have no way to pay it off. Eventually, you can't even cover the minimum repayment amount and the loan provider takes possession of your casino as collateral.

Even without a loan, there are plenty of ways to run a casino into the ground. The simplest is that they are big buildings that require staffing and utilities. To cover that cost, you need patrons. If you happen to build a casino that is too big for its footfall, then you have problems. You just can't cover your overheads, and then if you can't pay your staff, you can't open. So, either you cut back on extras, or you close areas to cut costs (like removing tables with games that require a dedicated staff member but have a small number of active patrons, e.g. blackjack vs roulette, or even changing up how much of your floor space is tables vs slots and other machines). Very quickly, you go from a place with buzz, lots of active tables, multiple manned bars with multiple staff, to basically a glorified slot arcade in a very fancy building. That pushes your footfall down further and you spiral into bankruptcy.

An even simpler way is that you build another casino, say, right next door, that's nicer, newer, bigger, and better, and everyone just goes there instead, and you're competing with yourself. The smart thing may be to can the less popular casino and pour its capital into the better location.

Sometimes, it's not even your fault, there is nothing you explicitly did "wrong" other than possibly misread the market. You build or buy a casino, have a success era, and then the market/area changes and what was once popular simply doesn't have the pull any more. It doesn't just affect you, the entire city becomes less of a destination as people choose to go elsewhere instead for any number of reasons, be it better flights/transport links, lower costs, or just changing desires in consumer trends. Instead of an anchor your high cost operation becomes a millstone.

Most of these apply to why Trump's casinos have not had a great run. You can also apply a lot of them to the dead mall phenomenon rather than just a casino. Trump's casinos are just the very visible tip of a much bigger property, retail, and hospitality iceberg.

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u/Dirty_Pencil1 2d ago

This was from 2021... and it wasn't even his bulding... just a license to use his name.

"In early August 2014, Donald Trump filed a lawsuit requesting his name be removed from the facility, because it had fallen into disrepair, in violation of the licensing agreement for his name."

Shows how foolish most of Reddit is thinking this was today...

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u/too_many_shoes14 2d ago

Shoot I think I left my wallet in room 1214

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u/Tatsoot_1966 2d ago

Stormy is looking after it for you 😂

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u/Sea_Home_5968 2d ago

Death of another statutory rape fortress

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u/Orpdapi 2d ago

The inspiration for Biff’s gaudy alternate timeline casino

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u/reddicyoulous 2d ago

It seems like trump himself is also imploding like this picture

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u/roadfood 2d ago

Have you seen the DJT stock price today?

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u/ethanfortune 2d ago

Hope to see all of his Legacy torn down, burned and sown with salt. History will show what a wrong turn in our country's politics this was.

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u/ProtectionContent977 2d ago

How does a casino go bankrupt?

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u/Red_Wing-GrimThug 2d ago

The moment he chose JD Vance

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u/JoshAmann85 2d ago

One of the only people in history to bankrupt a casino...how the fuck do you lose money running a casino?

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u/stickman07738 2d ago

Sad,many contractors are still owed money.

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u/PeeB4uGoToBed 2d ago

I still have a trump casino $1 coin my parents gave me from when we used to go to AC as kids, is it worth anything now lol

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u/AdministrativeBank86 2d ago

Good depiction of Trumps campaign

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u/Ok_Flan4404 1d ago

Was he inside?! 😃

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u/johnpmacamocomous 1d ago

Cool! Now do the one in Florida

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u/AnonUserAccount 2d ago

The end of an error.

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u/iama_bad_person 2d ago

Ah yes, post a demolition of a building that closed in 2015 and was demoed in 2021 and get upvotes because of the name attached is bad, this sure is a great quality post in /r/pics.

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u/advocate_of_thedevil 2d ago

God bless this site is getting so desperate for anything Trump content

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u/Responsible-House523 2d ago

Sort of like his career.

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u/Nellyroo7213 2d ago

You love to see it!

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u/Inner_Rope6667 2d ago

A metaphor for Trump’s career 

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u/DremoraVoid 2d ago

Ok do Vegas next

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u/scootty83 2d ago

Next stop, Las Vegas!

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u/Khristophorous 2d ago

What a business pro, what a deal maker. He had a business that damn near prints money and he said "nah", I'm gonna bankrupt it and then blow it up instead. The art of the deal and all.

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u/Arkhyna 2d ago

Nature is healing

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u/Exciting_Trash3943 2d ago

Do you realize how shitty of a business man you have to be to have a fucking casino fail.

The motto of casinos is “The house always wins.”

If you can count to 21 you can run a profitable casino.

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u/kimbou812 2d ago

Sad he wasn’t in it…

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u/agumonkey 2d ago

and nothing of value was lost

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u/LegDayDE 2d ago

Was this one of his famous bankruptcies? You know.. a man who managed to bankrupt CASINOS lmao

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u/Isakthor 2d ago

Idea for a democrat PR campaign: A fundraiser for the construction workers who never got paid.

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u/A_Hostile_Girl 1d ago

Didn’t Donald bankrupt most of the tradesmen who worked on this? Got them to put in all these vastly expensive materials like marble bench tops and then didn’t pay them at all.

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u/strangebru 1d ago

Please this be a foreshadowing of his political career too.