Why Donald Trump's Old Atlantic City Casino Was Blown Up | Forbes
The Trump Plaza Hotel and Casino was the first of three casinos Donald Trump owned in New Jersey-all of which eventually filed for bankruptcy protection multiple times and went belly up. Trump’s legacy in Atlantic City has long been defined by self-dealing, financial trouble, and avoiding paying small, mom-and-pop contractors.
The timing of the implosion could not have been more symbolic. With the second impeachment trial completed, hundreds flocked to Atlantic City to bask in the collective schadenfreude and celebrate the end of Trump’s presidency. Nearby hotels such as Caesars jacked up their midweek prices to take advantage of the surge in visitors coming to the gaming town, which was struggling long before its hospitality business was hit hard by the Covid-19 pandemic.
Read the full profile on Forbes: www.forbes.com/sites/willyako...
Subscribe to FORBES: kzread.info?s...
Stay Connected
Forbes newsletters: newsletters.editorial.forbes.com
Forbes on Facebook: forbes
Forbes Video on Twitter: / forbes
Forbes Video on Instagram: / forbes
More From Forbes: forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Пікірлер: 225
That place had so many liens on it it’s a wonder it didn’t fall over by itself.
That building was so 80s elegant. Amazing how 80s it looked till the day it came down!
@JSMITHSTONES
5 ай бұрын
It was not at all
@sarzbeth
5 ай бұрын
@@JSMITHSTONES 80s elegant is sarcasm. What in the 80s was elegant. Lol
@derekrodriguez6030
4 ай бұрын
He never evolved from the 80s
It was a great hotel casino. Best parking garage in AC, spacious, well lit. The New Yorker Deli made great club sandwiches. Restrooms were clean and huge. Saw some great shows and sporting events there. It was a really “happening” place back in the 80s-90s. Turned into a runned-down dump in the 2000s.
How tf do you make a casino go bankrupt
@biglee13m
9 ай бұрын
It takes the art of deal
@tyronetucker3093
2 ай бұрын
Get shaken down by the mob
@averagejoe17769
Ай бұрын
One special kind of moronic conman
I feel bad for the small businesses that got fu&ked over
@361leaguehead6
Жыл бұрын
Fr no one talks bout that
Making Atlantic City Great Again 🤣
I never heard of Atlantic mayor... Now I know he celebrated demo the tallest building in his city. Something is wrong.
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,,,
@godozo
3 жыл бұрын
Seen a couple of other "Tallest buildings in the city" demolished to heartfelt cheers, not for the adrenaline fix of a building being destroyed but from the sheer hatred for said buildings. Something's wrong all right, but not necessarily with what you're presently thinking.
What a fake news its not even trumps building 😭 he sold it many years ago
@dmcdevitt8
3 жыл бұрын
@@Sunshine-kq4sw hes actually correct. He hasn't owned it for a while. You guys would be lost without him to talk about...
@danieljauregui8313
3 жыл бұрын
Who cares he has his name on it he was associated with it so out with the old hand with the new go bidin go has been
@Mark-xz6qv
3 жыл бұрын
@@danieljauregui8313 moron it was Allready out many years ago its just fake news lol ...
@vdelcol7528
3 жыл бұрын
Are you deaf? It stated in the clip it was Trumps FORMER casino not current. True fact
@stupid5814
3 жыл бұрын
mark i didnt understand but i realized that it isnt donald trumps hotel anymore lol, he sold it and someone else decided to demolish the building and rebuild it, so it isnt fake news, its kind of confusing tho.
If you're reading this you have potential to create great things, you were put on this planet for greatness, remember that. Yes. You.
@lasagna3106
3 жыл бұрын
You're a tool
@cayden6807
3 жыл бұрын
Thank you! You too ! ❤️
@snipergirl9877
3 жыл бұрын
@@lasagna3106 Fack off literally
@bohlokoaletoao1926
3 жыл бұрын
I know.
@cobraalaniz149
3 жыл бұрын
Thanks
Most casinos are money-making cash cows. It's hard for a casino to be actually losing money unless: a. Gross mismanagement and or negligent operations b. Money continually being drained from the business'es budget.
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,,
@mikerogers9930
2 жыл бұрын
c. Paying very high interest rates on nearly $1 Billion in debt.
@richierich1835
2 жыл бұрын
@@mikerogers9930 junk bonds the worst debt you can get
@williamhaynes7089
7 ай бұрын
Too many casinos too close together
1:08 He's been screwing people over since the 80's, yet his blind witnesses still claim he's a genius businessman. I didn't know conning people for a living made you a 'smart businessman'. 🤔 We also used to call that being a criminal! 😒🤦🏽♂️
@nonameB6919
2 жыл бұрын
you blind
@dagnylynne4694
2 жыл бұрын
He pledged to bring back the economy for the surrounding neighborhoods. Agreed … criminal.
@tonytooshort
2 жыл бұрын
@@nonameB6919 you need glasses
@tonytooshort
2 жыл бұрын
@@dagnylynne4694 him and his dad were also sued for denying black people apts on their property, including finding C's written on their applications which were later identified to mean 'Colored'......LMAO. "The second coming of Jesus Christ", I guess 🤷🏽♂️🤣🤦🏽♂️
@tbessy1963
7 ай бұрын
@@tonytooshortAnd you need therapy.
Donny is blowing himself up now
Because we already got 🎬📽🎲🎰🃏 "Casino"on a Robert de Niro movie:Put same amount of Blueberrys on each 🍪muffin 🤤
@mikekalincevic8493
3 жыл бұрын
Don't forget about Joe Pesci At the blackjack table with the card dealer, best epic funny scene.
@lunes-1
3 жыл бұрын
@@mikekalincevic8493 👍
I dont think people even care why lmfao. This is just satisfactory to watch :)
Why is watching this giving me such relief? Could be my CPTSD...lol
@kaiserwenli3721
3 жыл бұрын
like the orwellian tyrant simp you are.
@conken1999
3 жыл бұрын
Because u watched cnn and was brainwashed
@ChannelZero1031
3 жыл бұрын
@@conken1999 Oh my god hey Karen!
That Ozark couple were not inform of this? Why ?
I’m sure this was cathartic for some but I doubt he even batted an eyelid. I bet the reaction would be different if it was the building in New York that was being demolished.
Why didn’t he pay the folks that built it, that’s the same thing with the golden nugget in lake Charles la folks didn’t get paid
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,,
@marionabbott7173
2 ай бұрын
"Business strategy"...build, build, build. Then go bankrupt so you don't have to pay anyone and you don't have to pay much in Federal Income taxes. I believe his bankruptcy was so great he didn't have to pay the IRS for 20 years.
He is the BOOGIEMAN!
Building 7 9/11
Fake reporting on why, NJ atlantic city are is dying. Many casinos going out if biz.
@cayden6807
3 жыл бұрын
Yup ! But that doesn’t make good news!
@DespairKarma
3 жыл бұрын
He went bankrupt in 2009 while still being a real estate agent. After it closed the building started to fall apart and pieces fell off almost hitting people and they finally took it down to avoid injuries and to avoid being sued.
0:35 His fashion sense hasn't changed at all in the last 40 years
Is that Boston
Always non performing and depreciations in the books are to be removed completely. ROI reconciled.
Who saw Zack snyder justice league trailer..
@jovansurjadi1416
3 жыл бұрын
🙌🙌🙌. But why in here though?
@spongebobsquarepants3770
3 жыл бұрын
I think you’re on the wrong video 😕
@littledudefromacrossthestr5755
3 жыл бұрын
@@jovansurjadi1416 cause I'm super hyped for it
@littledudefromacrossthestr5755
3 жыл бұрын
@@spongebobsquarepants3770 naaaahhh
Let’s hope all his other properties get the same 😂😂😂
Casinos nightclub and bars are sometimes hard business to run
@theONE-mb1wy
11 ай бұрын
No they are not. How tf do you bankrupt a casino???!!! You have to be a moron for that too happen. You’re literally getting people to give you money.
I bet another casino gets build only bigger this time
Looks like how 911 came down
@conken1999
3 жыл бұрын
Lol.. so many thumbs up
@bilalmadina2784
3 жыл бұрын
Was just thinking that 😅
@deerlord2363
2 жыл бұрын
@Burr Anderson No, he's saying that jet fuel doesn't melt steel beams. 🤙
Building 7
Excellent narrative!
@pattimorris6200
3 жыл бұрын
Didn't even own the building
He had the best casinos in Atlantic City. I used to love going there and enjoying the shows. Great times.
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,,
@daveken9936
2 жыл бұрын
Hardly. Either you are joking or you have very low standards.
@eavyeavy2864
Жыл бұрын
@@daveken9936 or keep winning
@MIKIEEYEZ1975
Жыл бұрын
I AGREE 💯 %!!! I won so much money 💰 💰💰💰 in ALL HIS JOINTS!!!
"What a beautiful sight"
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,,
@michaelgalvan9196
3 жыл бұрын
Indeed
Why does it look like when the twin towers fell?
@zackperron6090
3 жыл бұрын
Because it's a large tower falling
@danielsjurjevs8873
3 жыл бұрын
look at the footage of the twin towers falling
@danielsjurjevs8873
3 жыл бұрын
It looks very different
@evehudson2024
3 жыл бұрын
look at how his hotel fell as opposed to how the twin towers fell....
@FUNKINETIK
3 жыл бұрын
Yep it looks ‘like’ it, similar in some ways.. and here’s the but.. here we see blue sky from behind of where the top of the building was, when WT1 and 2 ‘fell’ (actually ‘fell’ is a good word to use) the image we saw is a ploom of smoke/dust bellowing upwards and the building structure expanding outwards and disintegrating as it fell away. And on this building the molecular structure of each atom wasn’t altered in some exotic way.
Buildings strong's basemate week thanks sir
@nineoneoh
3 жыл бұрын
what?
Thatillkidj on all platforms he going up
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,,
Love from Kolkata , India
@aryankushwaha1964
3 жыл бұрын
What
Big failure
1b to 175k
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,,
Hit piece
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,,
I was born in 1984 but that was back in the us in the us in the usssr😮😅😊😊😊🎉😂❤
@user-gm7qs8ng8x
2 ай бұрын
Where the Ukraine girls rlly knocked me out😊😊😅😅
I Hate Forbes .
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,
wish I was there. If a casino is going bankrupt people are winning often. I would gladly take trump's money at the time.
Cool!
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,
Waste
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,
HMMMM SO THAT'S HOW THE WORLD TRADE BUILDINGS COLLAPSE IN 9/11 HMMMMM.
@kgraamd
3 жыл бұрын
@oregon 1961 I know someone would ask me that stupid question. ITS A COMPARISON.
@kgraamd
3 жыл бұрын
@Burr Anderson ABSOLUTELY
A totally liberal site, I’m out.
@AP-mk7bv
3 жыл бұрын
The views of this KZread channel have heavily skewed conservative. The fact that they don’t agree with your Dear Leader on a single topic just goes to show that you have no views or morals, you brain dead vegetable!
@josephgalatha21
3 жыл бұрын
So, about those "uninformed voters" - - Steve Forbes, who owns this magazine and website, ran for President as a Republican. IT's about as liberal as the Wall Street Journal. Thanks for proving that those who run around complaining about liberals often do an outstanding job of proving they're far more uninformed and biased than all the things they're indignant and apoplectic about.
@SecondEvilEx
3 жыл бұрын
Boohoo snowflake
@danieljauregui8313
3 жыл бұрын
Don't let the door hit you in the back
@tonycaesar4144
3 жыл бұрын
Who cares
hey Donal duck it must hurt losing all your casinos sweet and your plane 2 what's next is your freedom and jail is waiting for you baby get ready
@cobraalaniz149
3 жыл бұрын
💯💪
oddly satisfying
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,,
Ladies & Gentleman, this is the moment we've waited for.
@conken1999
3 жыл бұрын
Your life must be really small then
@dmcdevitt8
3 жыл бұрын
He hasn't owned that casino for some time...
@god3love
3 жыл бұрын
@@conken1999 far from it😊
@cobraalaniz149
3 жыл бұрын
It was lovely to see. 🤩😍
911 👀
@dizzy2335
3 жыл бұрын
Same thing I thought
@TheraP2014
3 жыл бұрын
Word!
@AbeusMaximus
3 жыл бұрын
There demo experts in NYC when those buildings came down and many of them said they heard what they thought were controlled demo charges going off as the towers fell...
@thetoad7367
3 жыл бұрын
@@AbeusMaximus solutely
Thes. Conman. 45. Is. Ilyign.
.
This whole world system is shutting down. St John 3:16! 💓 JESUS is RETURNING SOON! ALLELUIA! 🙏🙌
#200 Comment , So I'll make this as GREAT as I can. I always wanted to visit TRUMPS' Castle 🏰. It was known as the Diamond 💎 of Atlantic
I went there once. it was a dump
outdated and he was bankrupt
@mikecarter8880
Жыл бұрын
Financially and morally.
Ended just like his presidency.
@vjekop932
3 жыл бұрын
This isn't his pproperty for 12 years already. You people are pathetic.
@char.ger-3321
3 жыл бұрын
Dems being Dems, amarite
@pattimorris6200
3 жыл бұрын
He didn't even own this building
@pattimorris6200
3 жыл бұрын
He didn't even own the building
@cobraalaniz149
3 жыл бұрын
Crumbled like his presidency.
He had this coming
@docacuwatson
3 жыл бұрын
You realize he hasn't owned this building since 2009?
@spongebobsquarepants3770
3 жыл бұрын
yeah, he sold it and made his money off of it which got him more richer
@samueltremblay3024
3 жыл бұрын
@@docacuwatson still it was his
@docacuwatson
3 жыл бұрын
@@samueltremblay3024 and that's the basis of your logic?
@conken1999
3 жыл бұрын
No it is now owned by someone else, so it was their building that came down. Jesus tds is so real
Kind of reminds me of the Twin Towers.🤔
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,,
This reminded me of the twin towers that came crashing down. Such a shame.
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,,
1:42 'it hosted ALL the Mike Tyson fights' Maybe all the Tyson fights in the 80s but Tyson fought in Memphis, Las Vegas, Glasgow and Madison Square Garden too
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,,
even a mafia can be president
@kimtau87
3 жыл бұрын
In America? Yes.
@aydinjames5069
3 жыл бұрын
wdym government is one of the longest running mafias to date
Ended like his presidency
A mere bag of shells for a multi billionaire.
@ggplyr1262
3 жыл бұрын
@Joseph C. keep dreaming
Just like 9/11 towers
@bitboycrypto1796
3 жыл бұрын
Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,
@bitboycrypto1796
3 жыл бұрын
@oregon 1961 Do well to correspond 1..(.8...0...1.) 7...8...4...0...1...8...2 W. H. A. T. A. P. P,,,,,,,
yep he's one helluva businessman
@bryanpayne3793
3 жыл бұрын
He's a pos
Just the start of trumps house of cards falling.
@docacuwatson
3 жыл бұрын
It doesn't mean what you think it means lol
A failed busines is a failed presidency..
@cayden6807
3 жыл бұрын
Ya ok. Because the recession wasn’t a big deal or anything 🙄.
@joeolsen3553
3 жыл бұрын
He was one of the best Presidents
@panchorojas6643
3 жыл бұрын
@@KyleAlbanese he never said Biden was better...
@joeolsen3553
3 жыл бұрын
@@KyleAlbanese he was definitely one of the best Presidents , and he should be in there right now not brain dead Biden
@cayden6807
3 жыл бұрын
@@panchorojas6643 its pretty obvious from his comment
I hope it won't take 25 years for his other negative influences to go away...
@michaelcowanmichaelcowan969
3 жыл бұрын
Negative influences like cheap gas? Gas is up 30 percent since Biden took over. We're already buying oil from foreign countries again.
Statistically impossible to Bankrupt a Casino. Takes a Special kind of Stupid!
Hay Mr Dump here is the massive Dump you were looking for
Sickening to see how americans get so excited about garbage like this. After 20 years, they get bored, and head down the street to the newest, shiniest casino. Meanwhile old casino loses some customers, starts to look kinda shabby. Next thing you know, kaboom! Such a frigging waste.
Trumps biggest success.
The toddler was born into wealth but has been a horrible businessman all his lousy life. And the less intelligent look up to him.
.
.