Professor Elam

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Atlantic City, Once More

Last year I speculated that after housing the next logical industry to get into trouble would be casinos, and sure enough….Now Donald Trump and Jimmy Buffet are planning a deal in Atlantic City. Buffet's other venues are fairly modest, this will be an immodest $300 M venture. Atlantic City has never quite been what its planners hoped. Careful what you wsh for Jimmy. The Donald is good at making money for himself, I am not aware that his partners have been so successful.

Check out the stock price of TRMP to see what I mean.

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2 responses to “Atlantic City, Once More”

  1. Nick Avatar
    Nick

    Trump is not in a partnership with Buffet. A developer group bought the Trump Marina from Trump for $316m, and Buffet’s group will be in charge of re branding the property. Trump is out.

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  2. Dennis Elam Avatar
    Dennis Elam

    I stand corrected. I wish Jimmy better luck than Donald had with the property.

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