Thursday, July 28, 2016 – 08:15 a.m.
Presidential Nominee Hillary Clinton and the democrats have been making hay of Republican Nominee Donald Trump’s casino business dealings in Atlantic City, New Jersey.
However, a Wall Street Journal article, published earlier this month, points out some interesting facts that don’t seem to get mentioned by the democrats.
The article titled, “Hillary Clinton Criticizes Donald Trump’s Casino Record in Atlantic City Speech”, written by Laura Meckler and Alexandra Berzon is primarily focused on Clinton’s attacks on Trump’s banckrupties in the struggling casino gaming city.
Here’s a few interesting points from the story:
- “Mr. Trump also sought to tie his troubles in Atlantic City to the broader local economy, pointing out that other companies with casinos there have gone or are going through bankruptcy.”
- “Many casino companies there have gone through bankruptcy since.”
- “Casinos in the onetime East Coast gambling mecca are facing financial problems as the industry has expanded in nearby states, in part because of that limited investment in the Trump casinos and in other properties by the owners there.”
- “The city itself has been inching toward insolvency and was a recent recipient of a state bailout package.”
The article is worth a read.