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Trump Entertainment Resorts
Trump Entertainment Resorts, Inc. was a gambling and hospitality company. The company previously owned and operated the now-demolished Trump Plaza and Trump World's Fair (both in Atlantic City), the now-closed Trump Marina, Trump Casino & Hotel in Gary, Indiana, Trump 29 in Coachella, California, and Trump Taj Mahal in Atlantic City. It was founded in 1995 as Trump Hotels & Casino Resorts by Donald Trump, who after 2004 held only a minority ownership. The company filed for bankruptcy in 2004, 2009 and 2014. It became a subsidiary of Icahn Enterprises in 2016. Since then, all of the company's properties have been closed and sold. History The beginning Donald Trump began purchasing properties along the Atlantic City boardwalk in the early 1980s and received a casino license from the New Jersey Casino Control Commission (CCC) on March 15, 1982. He had planned to build his own casino on the boardwalk, but was stalled on the project when Mike Rose, then CEO of Holiday Inn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Jersey Casino Control Commission
The Casino Control Commission is a New Jersey state governmental agency that was founded in 1977 as the state's Gaming Control Board, responsible under the Casino Control Act for licensing casinos in Atlantic City. The commission also issues licenses for casino key employees and hears appeals from decisions of the New Jersey Division of Gaming Enforcement. The commission is headquartered in the Arcade Building at Tennessee Avenue and Boardwalk in Atlantic City. On November 15, 2010, State Senators Jim Whelan (D-2nd) and Raymond Lesniak (D-20th) introduced Senate Bill S12 to change the New Jersey Casino Control Act and deregulate the Atlantic City casino industry to improve competitiveness with casinos in other states. The bill would also transfer day-to-day regulatory functions from the Casino Control Commission to the Division of Gaming Enforcement. After hearings in both houses of the Legislature, the bill was approved on January 10, 2011, and signed into law by Governor Ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mel Farr
Melvin Farr (November 3, 1944 – August 3, 2015) was an American professional football player and businessman. A native of Beaumont, Texas, Farr played college football as a halfback on the 1965 and 1966 UCLA Bruins football teams that were ranked No. 4 and No. 5 respectively in the final AP Polls. He was selected as a consensus first-team All-American in 1966, gained over 1,000 yards from scrimmage in both 1965 and 1966, and was inducted into the UCLA Athletics Hall of Fame in 1988. Farr was drafted by the Detroit Lions in the first round, seventh overall pick, of the 1967 NFL/AFL draft and played seven years as a running back for the Lions. He led the Lions in both rushing and receiving in 1967, totaling 1,177 yards from scrimmage as a rookie, and was selected as the NFL Rookie of the Year. He was twice selected to play in the Pro Bowl, in 1967 and 1970. In a career shortened by injury, Farr gained a total of 4,446 yards from scrimmage and scored 36 touchdowns during ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Detroit
Detroit ( , ) is the List of municipalities in Michigan, most populous city in the U.S. state of Michigan. It is situated on the bank of the Detroit River across from Windsor, Ontario. It had a population of 639,111 at the 2020 United States census, 2020 census, making it the List of United States cities by population, 26th-most populous city in the United States and the largest U.S. city on the Canada–United States border. The Metro Detroit area, home to 4.3 million people, is the second-largest in the Midwestern United States, Midwest after the Chicago metropolitan area and the 14th-largest in the United States. The county seat, seat of Wayne County, Michigan, Wayne County, Detroit is a significant cultural center known for its contributions to music, art, architecture and design, in addition to its historical automotive and industrial background. In 1701, Kingdom of France, Royal French explorers Antoine de la Mothe Cadillac and Alphonse de Tonty founded Fort Pontc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associated Press
The Associated Press (AP) is an American not-for-profit organization, not-for-profit news agency headquartered in New York City. Founded in 1846, it operates as a cooperative, unincorporated association, and produces news reports that are distributed to its members, major U.S. daily newspapers and radio and television broadcasters. Since the award was established in 1917, the AP has earned 59 Pulitzer Prizes, including 36 for photography. The AP is also known for its widely used ''AP Stylebook'', its AP polls tracking National Collegiate Athletic Association, NCAA sports, sponsoring the National Football League's annual awards, and its election polls and results during Elections in the United States, US elections. By 2016, news collected by the AP was published and republished by more than 1,300 newspapers and broadcasters. The AP operates 235 news bureaus in 94 countries, and publishes in English, Spanish, and Arabic. It also operates the AP Radio Network, which provides twice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Majestic Star II
The Majestic Star II (formerly known as the Trump Casino) was a floating casino that operated from 1996 to 2021 in Gary, Indiana. Located in Gary's Buffington Harbor, it overlooked Lake Michigan. The casino was opened in 1996 by New York–based Trump Hotels & Casino Resorts, which operated an adjoining Trump hotel. In December 2005, the Trump Organization Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party, he served as the 45th president from 2017 to 2021. ... sold the casino and hotel to Majestic Star Holdings, which operated the Majestic Star Casino next door. Majestic Star closed both casinos in April 2021. One license was transferred to the Hard Rock Casino Northern Indiana, located inland in Gary. As of May 2024, Majestic Star II is docked in the Sarnia Harbor, Sarnia Ontario Canada Majestic Star vessel had been towed to Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Early 1990s Recession
The early 1990s recession describes the period of economic downturn affecting much of the Western world in the early 1990s. The impacts of the recession contributed in part to the 1992 U.S. presidential election victory of Bill Clinton over incumbent president George H. W. Bush. The recession also included the resignation of Canadian prime minister Brian Mulroney, the reduction of active companies by 15% and unemployment up to nearly 20% in Finland, civil disturbances in the United Kingdom and the growth of discount stores in the United States and beyond. Primary factors believed to have led to the recession include the following: restrictive monetary policy enacted by central banks, primarily in response to inflation concerns, the loss of consumer and business confidence as a result of the 1990 oil price shock, the end of the Cold War and the subsequent decrease in defense spending, the savings and loan crisis and a slump in office construction resulting from overbuilding duri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High-yield Debt
In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade by credit rating agencies. These bonds have a higher risk of default or other adverse credit events but offer higher yields than investment-grade bonds to compensate for the increased risk. As of 2024, high-yield bonds have a higher yield than U.S. Treasury securities. Default risk As indicated by their lower credit ratings, high-yield debt entails more risk to the investor compared to investment grade bonds. Investors require a greater yield to compensate them for investing in the riskier securities. In the case of high-yield bonds, the risk is largely that of default: the possibility that the issuer will be unable to make scheduled interest and principal payments in a timely manner.:208 The default rate in the high-yield sector of the U.S. bond market has averaged about 5% over the long term. During the liquidity crisis of 198 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merv Griffin
Mervyn Edward Griffin Jr. (July 6, 1925 – August 12, 2007) was an American television show host and media mogul. He began his career as a radio and big band singer, later appearing in film and on Broadway theatre, Broadway. From 1962 to 1986, Griffin hosted his own talk show, ''The Merv Griffin Show''. Griffin also created several game shows, including ''Jeopardy!'' and ''Wheel of Fortune (American game show), Wheel of Fortune'', through his production companies, Merv Griffin Enterprises and Merv Griffin Entertainment. Early life Griffin was born July 6, 1925, in San Mateo, California, to Mervyn Edward Griffin Sr., a stockbroker, and Rita Elizabeth Griffin (née Robinson), a homemaker. He had an older sister named Barbara. As a child, Griffin played Hangman (game), Hangman with his sister during family road trips. These games later inspired him to create the game show ''Wheel of Fortune (American game show), Wheel of Fortune''. The family was Irish-American and Roman Catholic. G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resorts International
Resorts International was a hotel and casino company. From its origins as a paint company, it moved into the resort business in the 1960s with the development of Paradise Island in the Bahamas, and then expanded to Atlantic City, New Jersey with the opening of Resorts Casino Hotel in 1978. After the death of its longtime chairman, James Crosby, in 1986, the company was briefly controlled by Donald Trump, before being acquired by Merv Griffin in 1988. It was acquired by Sun International in 1996. History Development in Bahamas and Atlantic City (1958–1986) In 1958, the Mary Carter Paint Company, a New Jersey paint manufacturer, was acquired by a group of investors. The Mary Carter Paint Company, was widely considered to be a CIA front organization that laundered payments to the Cuban exile army. James Crosby, son of one of the investors, was appointed to lead the company. With its paint business on the decline, Mary Carter sought to diversify into the land development business. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hilton Hotels
Hilton Hotels & Resorts (formerly known as Hilton Hotels) is a global brand of full-service hotels and resorts and the flagship brand of American multinational hospitality company Hilton Worldwide. The original company was founded by Conrad Hilton. As of December 30, 2019, 584 Hilton Hotels & Resorts properties with 216,379 rooms in 94 countries and territories are located across six continents. This includes 61 properties that are owned or leased with 219,264 rooms, 272 that are managed with 119,612 rooms, and 251 that are franchised with 77,451 rooms. In 2020, ''Fortune'' magazine ranked Hilton Hotels & Resorts at number one on their ''Fortune'' List of the Top 100 Companies to Work For in 2020 based on an employee survey of satisfaction. Overview Conrad Hilton founded the Hilton hotel chain in 1919, when he bought his first property, the Mobley Hotel, in Cisco, Texas. The first hotel to feature the Hilton brand was the Dallas Hilton. In late 2010, Hilton announced a name c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Golden Nugget Atlantic City
Golden Nugget Atlantic City is a hotel, casino, and marina located in Atlantic City, New Jersey. Having been opened in 1985 as Trump's Castle, it was renamed Trump Marina in 1997. Landry's, Inc. purchased the casino from Trump Entertainment Resorts in February 2011, and the sale was approved in late May. Landry's took control of the property on May 23, 2011 and renamed it the Golden Nugget Atlantic City. Complex The resort sits on a property and contains a casino; 717 guest rooms; seven restaurants; a nightclub; a 462-seat theater; a recreation deck with a health spa, outdoor heated pool, hot tubs, cabanas, tennis and basketball courts, and jogging track; of meeting and function space; a nine-story parking garage with direct walk-through into the complex; and the 640-slip Frank Farley Marina (a public facility owned by the New Jersey Division of Parks and Forestry and managed by Landry's). The Sportsbook is a sportsbook at the resort that offers sports betting. The th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
