“They had basically the whole eastern market to themselves and everyone was looking for land to build a casino.” “When casino gaming came into Atlantic City, it was a monopoly,” says Marvin Roffman, a former gaming analyst for a prominent financial services firm.
That’s when Trump bet big on Atlantic City by amassing property along the boardwalk. Once gambling was legalized in the late 1970’s, a sleepy New Jersey shore town transformed into a gaming hot spot.
As the Republican presidential nominee faces mounting scrutiny over his income taxes and his refusal to release them, the public has no definitive accounting about what Donald Trump did or did not pay the government.īut the story of his business losses is in plain sight throughout the 1980s and the 1990s, a period, in which, he amassed nearly $1 billion dollars of personal debt.
