Trump Taj Mahal

Trump Taj Mahal Casino Opens with $675 Million Junk Bond Debt Crisis

1990-01-01 00:00:00 +0000 UTC | Importance: 7/10

Donald Trump debuted his third Atlantic City casino, the Trump Taj Mahal, but immediately struggled to make payments on $675 million in high-interest junk bonds used for construction. Financial analyst Marvin Roffman predicted the casino would need to make nearly $1.3 million daily to break even, …

Donald Trump Carl Icahn Marvin Roffman Trump Taj Mahal trump atlantic-city casino junk-bonds debt-crisis +2 more

Trump Taj Mahal Casino Opens with $675 Million Junk Bond Debt Crisis

1990-01-01 00:00:00 +0000 UTC | Importance: 8/10

Donald Trump opened the Trump Taj Mahal Casino in Atlantic City in April 1990, financed by $675 million in high-interest junk bonds at 14% rates. Within months, the casino faced severe financial challenges, missing debt payments and signaling the beginning of Trump’s broader Atlantic City …

Donald Trump Trump Taj Mahal Marvin Roffman Carl Icahn trump atlantic-city casino junk-bonds debt-crisis +3 more