- Trump Taj Mahal (1991): Trump’s Taj Mahal casino in Atlantic City, New Jersey, filed for Chapter 11 bankruptcy protection in 1991. It was reported that Trump’s personal losses were relatively limited because he had already reduced his stake in the casino before the bankruptcy filing. However, the casino’s debts amounted to around $3 billion.
- Trump Plaza (1992): Trump Plaza Hotel and Casino in Atlantic City filed for bankruptcy in 1992. Trump’s personal losses in this case were also relatively limited, as he had reduced his ownership stake before the bankruptcy filing. The casino’s debt was estimated to be around $550 million.
- Trump Hotels and Casino Resorts (2004): This bankruptcy was significant as it involved Trump’s publicly traded company, Trump Hotels and Casino Resorts. The company filed for Chapter 11 bankruptcy protection in 2004. While Trump himself did not file for personal bankruptcy, the company’s debts were substantial, totaling around $1.8 billion.
It’s important to note that the losses incurred by the casinos were not necessarily personal financial losses for Donald Trump in every case, as he had often reduced his personal ownership stake in these businesses before their bankruptcies. The bankruptcies primarily affected the businesses and their creditors. Trump’s financial situation improved in subsequent years, and he remained a prominent figure in the business and political worlds.