Trump casino files Chap 11...Sands will be next.

[Merl Haggard]

Trump Entertainment Files for Chapter 11


Reuters
17th Feb 2009


Trump Entertainment Resorts, Donald Trump's casino group, filed for Chapter 11 bankruptcy protection on Tuesday, court documents show.

The casino operator had assets of about $2.1 billion and total debts of about $1.74 billion on Dec. 31, 2008, it said in its filing with the U.S. Bankruptcy Court for the District of New Jersey.

Nine affiliates of the casino operator including Trump Plaza Associates, Trump Plaza Associates, Trump Marina Associates and Trump Taj Mahal Associates simultaneously sought protection, according to the filing.

The company missed a $53.1 million bond interest payment due on Dec 1st as a sharp downturn in consumer spending hit casino revenues.

Donald Trump said on Friday that he had decided to resign from the board of the company due to disagreements with bondholders who wanted the casino group to file for bankruptcy.

Shares of the company closed at 23 cents a share on Friday.


_____________________________________________________________


Next to file for Chap 11 will be Las Vegas Sands and inevitably, the construction of Marina Bay Sands IR in S'pore will be abandoned.

LVS share price has plunged 97% from its high of US$150 in Oct 07 to its current price of $3.36.

 

[wusangui]

the construction of Marina Bay Sands IR in S'pore will be abandoned.

no la,PAP will take over, PAP cannot lose face.

 

[Merl Haggard]

the construction of Marina Bay Sands IR in S'pore will be abandoned.

no la,PAP will take over, PAP cannot lose face.

Old scum will die with his eyes unable to shut cos he could not see the completion of Marina Bay IR.

 

[Cestbon]

Old scum will die with his eyes unable to shut cos he could not see the completion of Marina Bay IR.

If LKY not die how to complete the tombstone le???

 

[Merl Haggard]

If LKY not die how to complete the tombstone le???

Old scum will die when LVS goes bankrupt, but cannot close his eyes cos he was the one who pushed for LVS be awarded the IR.

 

[funglung]

Old scum will die with his eyes unable to shut cos he could not see the completion of Marina Bay IR.

No problem to that old fuck face.

He can still screw Sinkies of the billions he need to complete Marina Bay IR

After all, he screwed Sinkies of that 400++ billions that went into his Temasick and GIC already.


Until Sinkies find their balls, Sinkies will continue to be screwed and fucked by LKY and his bastards

 

[Tiu-leh-see-fart]

Old scum will die when LVS goes bankrupt, but cannot close his eyes cos he was the one who pushed for LVS be awarded the IR.

merl is right, in the past, the old fart did say open casinos in singapore over his dead body, so i supposed this is the destiny for him, his life will end with LVS. Well, too bad but to many, very good, the earlier LVS goes kaput, the people will be happy

 

[glock]

trump is a bullshit la

he bankrupt many times already dunno why so many people think he is a good businessman

he is all show no go

cannot use him as an example

 

[SamuelStalin]

Sands is lot of sand what, so what are you talking about?

 

[SamuelStalin]

trump is a bullshit la

he bankrupt many times already dunno why so many people think he is a good businessman

he is all show no go

cannot use him as an example

But he got up many times too. That perseverance is enough of anyone's respect. He didn't cry publicly, kill himself, do a blog rant, or whine anonymously in forums like this like the wimps and dogs that you all are.

You should die really.

 

[Merl Haggard]

Old scum will die when LVS goes bankrupt, but cannot close his eyes cos he was the one who pushed for LVS be awarded the IR.

merl is right, in the past, the old fart did say open casinos in singapore over his dead body, so i supposed this is the destiny for him, his life will end with LVS. Well, too bad but to many, very good, the earlier LVS goes kaput, the people will be happy

LVS is dying a slow death.....it's now trading at $3.01.

 

[Conan the Barbarian]

Trump Entertainment Files for Chapter 11


Reuters
17th Feb 2009


Trump Entertainment Resorts, Donald Trump's casino group, filed for Chapter 11 bankruptcy protection on Tuesday, court documents show.



Next to file for Chap 11 will be Las Vegas Sands and inevitably, the construction of Marina Bay Sands IR in S'pore will be abandoned.

LVS share price has plunged 97% from its high of US$150 in Oct 07 to its current price of $3.36.

I think thats why Capitaland recently raised $1.2B giving the reason that it is looking to buy distressed assets. Just my opinion, not spreading rumors.

So if LVS files for Chapter 11, then we will have a homegrown Casino, not sure if thats good news.

 

[DerekLeung]

it's new world order now ! It's no longer trendy to be spurging in casinos. Like I said before it's so 70s !

 

[besotted]

dont waste, somebody said can convert the sands to workers' dormitory

 

[SamuelStalin]

it's new world order now ! It's no longer trendy to be spurging in casinos. Like I said before it's so 70s !

Then what is the trend now? Cheap drinks and terrible singing at KTVs and the occasional kinky sex with university undergraduates?

People splurge on equities?

 

[Merl Haggard]

I think thats why Capitaland recently raised $1.2B giving the reason that it is looking to buy distressed assets. Just my opinion, not spreading rumors.

So if LVS files for Chapter 11, then we will have a homegrown Casino, not sure if thats good news.

Capland does not have the expertise to operate a mega casino and if Capland takes over Marina Bay casino, she will also
go belly up too. Without the PRC high-rollers, it is simply not feasible for two casinos to operate in S'pore.

LVS closed at $3.03 and whoever that mysterious buyer was (I suspect it was G Aye See or Temasick) who subscribed
US$1.6 billion for LVS issue of shares at US$5.50 per share in Nov; that is a loss of 45% within 21/2 months.

 

[Conan the Barbarian]

Capland does not have the expertise to operate a mega casino and if Capland takes over Marina Bay casino, she will also
go belly up too. Without the PRC high-rollers, it is simply not feasible for two casinos to operate in S'pore.

LVS closed at $3.03 and whoever that mysterious buyer was (I suspect it was G Aye See or Temasick) who subscribed
US$1.6 billion for LVS shares at US$5.50 per share, that is a loss of 45% within 21/2 months.

We know Capland does not have the expertise, but do they know that?
They will probably think they can hire a management team to run the
ops and sit back to see the money roll in.
Thats why I asked if that is a good idea. It could be done as a save face
kind of thing more than a commercially viable one.

Wonder when the announcement is gonna come that LVSS abandons the project here.:o

 

[chewed]

you people better pray hard that LVS don't go bust. Many jobs are at stake here.

 

[Merl Haggard]

If not for the 20,000 jobs at stake, you think gahman would wanna hold Sheldon Adelson hand and literally beg
him to complete the construction by pumping in another US$1.6b in Dec 08 when no banks in the world would
wanna lend him anymore loans?

Gahman lampar kena stuck big-time on this award to LVS.

 

[Frankiestine]

If LKY not die how to complete the tombstone le???

they will complete the tombstone just in time for his funeral...