![]() Trump Castle was later renamed the Trump Marina. This was a long-failing endeavour that was sold at a major loss in 2011. This casino opened in 1985 and competed directly against Harrah’s Marina. ![]() His company issued $352 million in bonds to finish the construction and open the casino. Trump CastleĪfter Trump Plaza, Trump purchased the nearly completed Hilton casino for $320 million calling it Trump Castle. In 1986, Harrah’s sold its stake in Trump Plaza to Trump for $220 million. The 39-story Harrah’s at Trump Plaza opened in 1984. Harrah’s agreed to provide Trump with $220 million in financing to build the project, $24 million construction management fee, and to give him half of the profits. He couldn’t get financing to build the casino, so he forged a partnership with a national gambling operator called Harrah’s Entertainment. ![]() It opened in the early 1980s after Trump gained control of a prime spot on the boardwalk. This was Trump’s first venture in the casino sphere. In the end, his casino companies went to court over bankruptcy four times, with Trump’s companies continuing to add more expensive debt. Trump’s start to his casino empire began with his borrowing money at “such high-interest rates … that the businesses had almost no chance to succeed,” reported the New York Times. ![]() Within a short period of time, Trump became a huge influence in Atlantic City as his casinos accounted for nearly one-third of the city’s gambling revenues. ![]()
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