The main person in successful "The Apprentice" show that pits many people into back stabbing and biting at each other's neck, Donald Trump, has been found wanting again.
His fledging entertainment group, Trump Entertainment Resorts ("TER"), has filed for bankruptcy protection in New Jersey recently .............. for the third time. In view of the filing, he has resigned from the company as well even though he holds 28% of the stocks. Main reason for filing the bankruptcy protection was due to failure in extending the deadline on a US$53m bond payment.
TER's operation is rather huge as it has three casinos within the Atlantic City @ New Jersey area, namely the Trump Taj Mahal, the Trump Plaza Hotel & Casino and the Trump Marina Hotel Casino and yet these three casinos couldn't sustain TER.
Now, in his The Apprentice, any fella who fouls up a particular will get the sack and also will hear this three beautiful words "You Are Fired!".
Will Mr. Donald Trump hear these words from the stockholders and bondholders too? Well, he has resigned before any one can say that to him now.
How could this company go into bankruptcy for three times within a short period? Lessons never learnt? I think the next contestant that will be sacked from The Apprentice show will have the right to say the same three words to Donald Trump for TER's mess ........... hehe
The Apprentice is doing so well that it has a spin-off now, it's called "The Celebrity Apprentice".
Reading: Trump’s casino business goes bust for the third time - The Independent
Tags: Donald Trump, Trump Entertainment Resorts, New Jersey, The Apprentice, The Celebrity Apprentice, Bankruptcy Protection, Trump Taj Mahal, Trump Plaza Hotel & Casino, Trump Marina Hotel Casino