Trump Looses Bid for PA Casino
If you have followed the business market at all then you know who Donald Trump is. Known affectionately as “The Donald” to many close confidantes, Trump of course is a billionaire businessman who has made waves in the market. Not only is he a top-dollar developer, but he also has built a brand. Much like the Paris Hilton like activities, Trump parlayed his business career into a world of fame. He makes public appearances and has his own prime time television show. He is on late night talk shows and has created a persona for himself. That reputation for celebrity with a mind for business has grown his brand to one of the most highly recognizable ones in the business and entertainment market today. Now Trump is looking to expand his gambling entities, but may have some hurdles to overcome before the gambling plan is possible to move forward with.
Trump and his organization was looking to move in on Pennsylvania and its gambling market by getting one of the licenses for gaming available. Unfortunately, it lost the bid for the games this past week. It was Trump-owned Keystone Redevelopment Partners that was looking to get the license but it as Foxwoods that won it. The Foxwoods however ended up being unable to fulfill the contract for a casino due to the recession and its difficult financial repercussions. Once Foxwoods put the plan on hold, the Trump organization started their own pining for the license. The court denied keystone’s plan though. The company wanted to reopen the process of bidding. The Gaming Control Board believed that the bid was unsatisfactory and rejected it. Only time will tell what happens, but surely the Trump Organization is not done with its fight for a casino in Pennsylvania. Owners know how lucrative the market is right now and want to quickly move in on areas throughout the country where they can develop gaming facilities to attract millions. The future will show how the organization continues to push into the market, but most likely it will be a premiere location and an aggressive plan for gaming.