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Trump Casino Closes in Atlantic City, 3,200 Lose Jobs

Kevin Williamson, National Review: The Trump Taj Mahal casino is closing its doors, throwing some 3,200 employees out of work. Donald Trump, the Republican presidential nominee, no longer owns the business, having lost his stake in it through a series of bankruptcy proceedings. The billion-dollar project was beset by troubles before it even opened. Donald Trump opened it with great fanfare in 1990; in 1991, billions of dollars in debt (Trump was personally nearly $1 billion in debt as well) it went into its first bankruptcy, during which Trump lost half of his ownership in the business.
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