donald trump casino atlantic city holiday inns

The referendum ultimately passed, but prices rose so high that Trump decided to continue holding out for a good deal. If the initiative did pass, Trump preferred to pay more with that certainty.-and he figured the cost would still be a drop in the bucket compared to his inevitable casino profits. If the gaming initiative failed, he’d lose his entire investment. Trump wasn’t willing to risk buying property in Atlantic City while the prices were hot and legalized gambling wasn’t a sure thing. Before the initiative had even passed, Atlantic City real estate values shot up. So he visited Atlantic City.Īt the time, New Jersey was preparing to vote on whether to legalize gaming in Atlantic City. Trump realized that no success he could achieve in hotels would compare with the profits a casino could bring in. Donald Trump’s Casino Business: How It All Started Keep reading for the story of Trump’s first casino. He already had the Trump Plaza on his resume and he used it to show his credibility and convince the landowners that he could give them a fair price and finish the project. Trump’s casino business started off with buying off the boardwalk site in Atlantic City, New Jersey. How did Donald Trump start his casino business? Where was the first casino Trump opened? What made it a success?

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Donald trump casino atlantic city holiday inns