He had two casinos in Atlantic City and made money with them, then bought a third, and was literally eating his own lunch, diluting the value of all three to below solvency levels. Lost all three. His dad sent a chauffeur with a check for something on the order of half a million dollars to just buy chips from the casino to try to keep it afloat, the guy drove the chips back to Florida and there was no intent to use them to gamble, it was just an illegal loan. Gaming authorities learned of this and both Trumps were fined.
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timeasmymeasure
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Date: 2024-08-18 05:57 pm (UTC)He had two casinos in Atlantic City and made money with them, then bought a third, and was literally eating his own lunch, diluting the value of all three to below solvency levels. Lost all three. His dad sent a chauffeur with a check for something on the order of half a million dollars to just buy chips from the casino to try to keep it afloat, the guy drove the chips back to Florida and there was no intent to use them to gamble, it was just an illegal loan. Gaming authorities learned of this and both Trumps were fined.