Home » VT News » Bankruptcy Over, Trump Plaza Now Able to Vacuum Guest Rooms Every Day

Bankruptcy Over, Trump Plaza Now Able to Vacuum Guest Rooms Every Day

By Chuckmonster on Friday, 6th January 2006 9:38am
  » filed under Las Vegas  comments: 0

   

For want of a vacuum cleaner, the guest room carpets at Trump Plaza Hotel & Casino stayed dirty.

For want of a dollar, Trump Taj Mahal couldn't add a hotel tower like its competitors did.

For want of a little novelty, slot players at Trump Marina took their coin cups next door to the Borgata Hotel Casino & Spa.

But luck is turning for Donald Trump's casino company, which emerged from bankruptcy last spring and is aggressively trying to make up lost ground. With new management in place and money to spend, Trump Entertainment Resorts Inc. is getting its houses in order _ renovating rooms, adding restaurants and spending money on employee cafeterias and new uniforms.

Skimping on upkeep and unable to pay for upgrades, the Trump casinos scraped by at a time when other Atlantic City casinos were building new hotel towers, opening new restaurants and sprucing up their entertainment lineups to woo customers.

At the Plaza, the red ink made for dirty carpets. Housekeepers had to make do with 45 vacuum cleaners for the 904-room casino hotel and vacuumed rooms every other day instead of daily because there weren't enough, company officials said.

The Chapter 11 reorganization slashed the company's debt, reduced interest payments on it by $102 million a year and provided for a $500 million line of credit. It also provided for changes at the top. Trump, the New York real estate mogul and star of television's "The Apprentice," ceded majority control to bondholders and gave up his job as CEO.



Tagged:    





Advertisement:





Comments & Discussion:


» No Guts, No Glory... Be The First to Post



Comments Are Closed







Subscribe via RSS







Recent Comments:

michigan2010 posted: "MGM equals cookie cutter casino. No to reason to step foot in Bellagio again. Just hope they don't screw up..."
» Sayonara Bellagio Table Game Canopies...
saharalv posted: "I wish the editors were the entire electoral college in 2016...."
» Introducing the Trippies Class of...
fatbastard posted: "So many people letting a billionaire live rent free in their heads. Funny. Too bad it also detracts from the..."
» Introducing the Trippies Class of...
wpsteel66 posted: "Total bummer…talk about taking the class and uniqueness away from the Bellagio…another smart move on CEO Jim and making all..."
» Sayonara Bellagio Table Game Canopies...
damania posted: "Is there a podcast?..."
» Introducing the Trippies Class of...

» More Comments