Ah, it just never gets old...more classy Trump news!!
Get this: Donald Trump, the king of gold bathtubs, is criticizing a rival project as too expensive and over the top.
The Donald’s target is CityCenter, the massive project on the Las Vegas Strip often referred to as the largest commercial project in the United States. Co-developed by MGM Mirage and Dubai World, the troubled Dubai conglomerate, the 67-acre CityCenter includes five towers designed by star architects Daniel Libeskind, Pelli Clarke, Helmut Jahn, Kohn Pedersen Fox and Rafael Vinoly, with more than 2,000 condo units.
In an interview with Larry King, Trump called the project “an absolute catastrophe." The next day, in an interview with the Las Vegas Review-Journal, Trump said, “The biggest problem is it costs so much. It cost billions more than anticipated and it's going to be hard to recover from that."
Trump may be a tad peeved that CityCenter is sucking sales and the limelight from his own Vegas project, the Trump International Tower, which is just another gold tower in Sin City’s new spectrum of gaudy. The International Tower “is doing very nicely,” Trump told the Review-Journal. “It was built ahead of schedule and on budget."
The response from MGM Mirage was blunt and succinct: "I can hardly imagine anyone's opinion that matters less than his," a spokesman said.
However, Trump needs to coordinate his story with his son. Eric Trump, executive v.p. of development and acquisitions for the Trump Organization, recently praised CityCenter, saying the project will put Vegas back in the spotlight.
"There's no question that opening a new project, and the marketing dollars spent, gets people excited," the younger Trumptold the Review-Journal.
And, just to add salt to the wounds, the Wall Street Journal reports the people who are (almost certainly) about to take his casino 'empire' away from him, (from which he will get exactly nothing) were asked if they would keep Trump around for public relations reasons:
Beal Bank and Carl Icahn said in a bankruptcy court filing that, "in light of numerous recent Trump-related business bankruptcies," they don’t need Donald Trump if they take control of Trump Entertainment Resorts Inc.’s Atlantic City casinos, claiming the Trump name may no longer be “synonymous with business acumen, high quality and style, a luxury lifestyle and enormous success.”
Variety reports that The Donald has just inked a deal with the Golf Channel for a new unscripted reality show titled 'Donald J. Trump's Fabulous World of Golf' (yep).
Trump, who owns many golf courses in such places as Westchester, New York, Washington D.C., Los Angeles and Puerto Rico, is rounding up a host of celebrities to compete one-on-one for charities. Already on board to play a few holes are NFL legends Jerry Rice and Lawrence Taylor, with more athletes, musicians, actors and business-types reportedly to come.
The series will debut on April 26, 2010, with an initial order of six half-hour episodes.
This will mark a hefty dose of Trump for this coming Spring. In addition to 'Fabulous,' Trump will return on March 14, 2010 with another addition of 'The Celebrity Apprentice' and will also appear on the Omarosa dating show, 'Omarosa's Ultimate Merger.'
The Las Vegas Review Journal weights in... (BTW- the Steve Wynn mentioned here is truly one of the business geniuses of our time, he literally changed the entire face of Las Vegas and made billions of dollars along the way...Donald, on the other hand...)
Donald Trump's latest feud, this time with gaming giant MGM Mirage, has a familiar ring to it.
It's not the first time he's nuked a Las Vegas rival's new project.
When Trump went on Larry King's CNN show this week and referred to MGM Mirage's $8.4 billion CityCenter project as "an absolute catastrophe," few who follow The Donald doubt that it was an off-the-cuff comment.
Trump, 63, has a retaliatory history. In this case, it would appear his CityCenter slam was a response to comments by MGM Mirage chairman and CEO Jim Murren, who told the L.A. Weekly that Trump's Las Vegas tower "certainly is not Fifth Avenue."
Trump operates his real estate empire from his Fifth Avenue headquarters.
Back in the 1980s and much of the 1990s, Trump famously feuded with Las Vegas hotel developer Steve Wynn, who invaded Trump's gaming territory, Atlantic City, and even his neighborhood, by purchasing a ritzy apartment on Fifth Avenue.
Sometimes the gamesmanship got deeply personal. When Trump's girlfriend Marla Maples came to Las Vegas after a spat with Trump, Wynn rolled out the red carpet at his Mirage hotel: a suite upgrade, with everything on the house, according to New York magazine. Among the printable things Trump called Wynn: a "scumbag," "strange," and "a very disturbed person," according to the magazine. Wynn countered by describing Trump as a "cartoon," a "perverse exaggeration" and a "second-string adolescent."
And when Trump ran out of personal insults, he went after something very dear to Wynn's heart; his most ambitious project, Bellagio.
In the interview with New York magazine, Trump described it as "a very ugly new facility ... one of the ugliest masses I've seen -- and that's my business. I'm hearing the construction expense numbers could be double what they anticipated. They're way over budget in Biloxi where Wynn is building another new casino, by hundreds of millions of dollars. It's a real problem for them."
I understand there is someone on the planet Mars who did not see this coming... And you can see by her remarks how broken up she is...and the wedding (at Donald's Mar a Lago in Palm Beach) cost $2Million...
Trump files for divorce from husband number four
Saturday 19 Dec 2009
Socialite IVANA TRUMP has reportedly split from her fourth husband and filed for divorce.
Trump wed Italian toyboy Rossano Rubicondi in Florida in April 2008.
The couple split last year (Oct08) and Donald Trump's ex filed for legal separation, but they reconciled just ahead of their first wedding anniversary.
Announcing last year's split, Trump said, "Rossano wants to live in Miami and work in Milan... But, I am a New Yorker and my family, friends and businesses are here. As the beautiful song says, 'Que sera sera!'"
This is getting entertaining- but it would be much more fun if there weren't literally thousands of people's jobs hanging in the balance...
Trump, Icahn trade barbs in Atlantic City casino fight
Most Atlantic City smackdowns involve professional wrestlers, not billionaires with legal papers, but a steel-cage match is shaping up between Carl Icahn and Donald Trump over the bankrupt Trump Entertainment casinos.
The two Queens natives, just days after the battle took shape, are already trading barbs, with Trump saying Icahn "runs companies so badly that I think it'd be really bad for the company if he took over."
The developer said Icahn has been involved "in many bankruptcies," and then ticked off TWA, WCI and Sands Casino.
Icahn, the pride of Far Rockaway, countered that "we run companies successfully in many areas, but on point, let's talk about casinos -- Donald's favorite business."
"I purchased the Stratosphere in Las Vegas out of bankruptcy for $300 million in 2000, cleaned it up and sold it one-and-half-years later for $1.3 billion." "Somehow," Icahn added,"I don't notice the same record at the Taj which went bankrupt three times under Donald's stewardship." Icahn said that if he is successful in gaining ownership of the Trump Taj Mahal, Trump Plaza and Trump Marina, he may take Trump's name off the building.
The rumble being played out in bankruptcy court may be the biggest attraction down at the Jersey Shore since Snooki and Mike "The Situation" tried to hook up on the popular MTV show.
The battle took shape quickly.
Earlier this month, Icahn bought 51 percent of the $486 million senior, secured bank debt for about 93 cents on the dollar. Last week, a judge ruled that the 83-year-old investor could push his plan to take over the casinos alongside Trump's plan.
Trump has the support of the bondholders and could get a 10 percent equity stake in the company if his side wins. That would be down from the 23 percent stake he held before the February filing.
After spending about $225 million to purchase a majority of the bank debt of the companies, Icahn is promising to pump another $225 million into the ailing gambling emporiums. If successful, he will get a controlling stake in the company and Trump will get zilch.
Ivanka Trump is a former board member of the money-losing company.
Trump, who was not involved in the day-to-day operation of the casino, asked The Post, rhetorically, "Hey, who's hotter than me? Nobody." Said Icahn: "If hot means being able to burn other people's money, I guess he's correct."
The heavyweight battle comes at a strange time -- when the gaming sector is reeling from a consumer pullback because of the recession and the rollout of many new casinos. Also, the move by Icahn comes as Atlantic City is taking it on the chin and its prospects have never looked grimmer.
Total Atlantic City revenues this year through Nov. 30 are down 13.5 percent. Roughly one-quarter of all gambling dollars have disappeared from AC over the past three years -- amounting to almost $1 billion less in revenue through the first nine months of 2009 -- and the outlook isn't getting any better as glitzy, new rivals in Pennsylvania are ready to come on line and siphon off even more customers.
"It just gets worse for Atlantic City," said Justin T. Sebastiano, an analyst with Morgan Joseph & Co., who follows the gaming sector. "I truly believe Atlantic City is permanently disfigured."
Dennis Forst, a gaming analyst with Keybanc Capital Markets, said the city blew a 30-year window to make itself a destination location, a unique place that would be able to compete against rivals.
Atlantic City was the only game on the Eastern Seaboard when it came online in the Seventies. But now casinos in Maryland, Delaware, Pennsylvania and in Yonkers, NY, draining off customers. And just last week, the Shinnecock Tribe on Long Island took a major step toward getting the right to open a Long Island casino.
The Trump casinos throw off plenty of operating cash but are burdened with too much debt. The downturn in the AC market has trimmed $125 million from its winnings over the first 11 months of the year compared to last year.
Icahn, in court papers, said if the Trump side succeeded in getting its plan approved, management would simply leverage the company back up and it would be forced to file for Chapter 11 protection a fourth time.
Well- Ivana's ridiculous sense of entitlement may have brought another chapter in her pathetic personal life the past few years, and her 'fondness' for wine seems to always be a factor somewhere in these stories...(I worked with many people who dealt with her all the time- I have never heard a good story about her- not once...) The deputies mentioned know her home address very well, by the way- her neighbors see them there all the time...
Ivana Trump gets escorted from plane by the police
Dec. 27, 2009 - Apparently Ivana Trump has zero tolerance for young children. Ivana Trump was settled in her seat in first class awaiting takeoff from Palm Springs today, when a couple of small children started running up and down the aisles of the plane.
Ivana Trump became so angry and annoyed by these small children that she began to curse at them loudly. Flight attendants tried to calm Ivan Trump without any luck. It was reported by Gossip Cop that the flight attendants only fueled her anger. She was then asked to please quietly leave her seat and move towards the exit.
Ivana trump refused repeatedlyto leave the plane. The flight attendants were then left with no other choice but to call the Palm Beachsheriffs deputieswho thenescorted Ivana Trump unhappily from the plane.
^ True- but that's the staff's problem- not her cursing at children and being abusive (as usual) with the flight attendants! Jeeze- she was a third rate showroom model in Canada living with a boyfriend who refused to marry her when she happened to meet Donald at a club in NY- she has no place acting like Queen Elizabeth everywhere she goes!!
Some more details on Ivana's latest charm offensive..
Socialite Ivana Trump had to be escorted off a plane after launching a foul-mouthed tirade at noisy children.
The former wife of billionaire property mogul Donald Trump started screaming the F-word as several excited youngsters ran up and down the first-class aisle.
The grandmother of two became even angrier as flight attendants tried to calm her down, allegedly rushing towards the cockpit.
When the pilot asked her to leave the New York-bound flight before take-off, the hysterical Miss Trump refused to budge.
The former Olympic skier and model, 60 - who filed for divorce from her much younger fourth husband this month - was eventually 'physically escorted' back to the terminal by security guards, officials said. From the initial contact until Miss Trump left the property, she was saying "f*** you" to all the deputies and called the children "little f******",' said a police spokesman. 'She was so belligerent towards other passengers and crew that the plane returned to the terminal.'
She had apparently started complaining as soon as she boarded the aircraft, demanding to be moved to another seat in first class.
At first she was said to have put on a set of headphones to block out the noise, but a crying baby sent her over the edge.
Passenger Vincent Cone said: 'She was swearing at the baby.
'The reason she got so upset was the children and she started screaming, "I want to go back home".
'The pilots asked her to leave and she sat back down and refused to leave. Then they went and got a security guy. She kept saying, "Let go of me!".
'Everyone was leaning into the aisle, trying to get a good look, saying how crazy she was and how annoyed they were at how she was delaying the flight.'
The ruckus meant the Delta-Northwest flight from Palm Beach, Florida, was postponed for two hours.
Miss Trump was not charged with any crime, however, and although the FBI was informed about the incident on Saturday, an investigation was not launched.