CASINO

Clinton takes a jab at Trump’s Atlantic City failures

TAGs: Atlantic City, Donald Trump, Hillary Clinton, Leonard Postrado

Republican presidential candidate Donald Trump’s ghost of casino past comes back knocking on his front door in the form of his Democratic rival Hillary Clinton.

Standing next to the shuttered Trump Plaza casino that Trump once owned, Clinton on Wednesday took a swipe at her political opponent’s casino bankruptcies. She warned that voting for Trump in November will put the US economy in the same condition as his failed casinos.

Clinton takes a jab at Trump’s Atlantic City failuresThe former US Secretary of State claimed that the real estate developer for profited from the financial ruins of workers in the economically depressed seaside resort town. Trump left the beleaguered Atlantic City after his last bankruptcy.

“He makes over-the-top promises and says if people trust in him, put their faith in him, he’ll deliver,” said Clinton, according to Reuters. “Then everything falls apart, people get hurt, and Donald gets paid.”

Atlantic City’s economy is in dire straits as a result of casino closures in recent years. Trump used to own four beleaguered Atlantic casinos, including the Trump Plaza Casino. In March, New Jersey Gov. Chris Christie urged state Assembly leaders to approve his plan to take over Atlantic City’s finances amid warnings that increased competition could reduce AC’s struggling casino industry to just three operators.

Credit debt watcher Fitch Ratings also aired a similar warning on the possible closure of at least four Atlantic Casinos if new casinos are to be built in the northern New Jersey.

Trump, for his part, defended his  bankruptcy filings on casinos and other projects as a commonly used practice to restructure a business and ultimately save jobs.

In an e-mailed statement to Reuters, Trump said: “I created thousands of jobs and made a lot of money in Atlantic City, which was what, as a businessman, I am supposed to do for my company and my family – and as President I will make America rich again.”

“Nobody understands the economy like I do and no one, especially not Crooked Hillary Clinton, will do more for the economy than I will,” he added.

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