I have in the past been a fan of his hotel on the strip in Las Vegas. The hotel provides a screaming good value (you can almost always get a huge discount off rack rate) for an exceptionally nice room in a good location — and in a non-casino hotel to boot. I used it for years as a low-cost location for manager meetings. The staff there is great — the only problem is one has to look past the tacky gold gilding on everything and the goofy Trump-branded swag in the gift shop. I will add, though, apropos to this post, there is no way on God’s green Earth that this hotel makes money, at least if it is paying all of its capital costs (it is possible there was a bankruptcy at one point where Trump said “you’re fired” to the bondholders). If you ever stay there, by the way, it has the best view of the strip in Vegas because it is right at a bend and can look straight down the street. Ask for a high room on the south side.
Curious about the lack of casino — hell, even Chevron stations in Vegas have slots, or so I’ve heard — I went searching, and turned up this quote:
“We have no problem getting a gaming license, but we wanted to do something different here,” said Eric Trump, Donald and Ivana Trump’s third child. “We wanted a true luxury resort experience. It’s hard to have a high-quality product when you walk into ‘ding, ding, ding’ and there are people walking around in Hawaiian shirts with big plastic drink mugs.”
And while there doesn’t seem to be a specific bankruptcy, there were lawsuits, which were resolved in Trump’s favor.