Beautifully engraved certificate from the Trump Hotels and Casino Resorts, Inc. This historic document was printed by the Northern Banknote Company and has an ornate border around it with a vignette of Donald Trump and a beachfront hotel in the background. This item has the printed signature of the company's Chairman, Donald Trump.
Certificate Vignette
Trump Hotels & Casino Resorts owned and managed the Trump Plaza, Trump Marina (formerly Trump's Castle), and Trump Taj Mahal casino hotels in Atlantic City, New Jersey. Two of the properties are on the famed Atlantic City Boardwalk, while Trump Marina is on the waterfront. They also owned the Indiana Riverboat, a casino at Buffington Harbor on Lake Michigan. Combined, the properties have more than 350,000 sq. ft. of gaming space, 10,000 slot machines, 440 table games, and 3,000 hotel rooms. In 2004, Trump Hotels & Casino Resorts explored various options for restructuring its debt, amid speculation that it might file for bankruptcy. A possible arrangement with Credit Suisse First Boston was not completed because the bondholders rejected it. On October 21, 2004, the company announced a preliminary agreement with its investors. Trump, who has been the majority owner, would reduce his stock ownership from 56 percent to 27 percent. Bondholders would surrender some of their debt in exchange for stock. On October 27, the company announced that Morgan Stanley would be the joint lead arranger for a financing of $500 million financing as part of the restructuring plan. On November 21, the company filed for bankruptcy. Trump said the filing was "really just a technical thing" as the best way to implement the restructuring plan. The plan was submitted to the Bankruptcy Court on December 16, 2004. After the 2004 bankruptcy filing, the company changed its name to Trump Entertainment Resorts.
Trump Bankrupcies
Trump's bankruptcies were the result of over-leveraged hotel and casino businesses in Atlantic City and New York and mismanagement: Trump Taj Mahal (1991), Trump Plaza Hotel and Casino (1992), Plaza Hotel (1992), Trump Castle Hotel and Casino (1992), Trump Hotels and Casino Resorts (2004), and Trump Entertainment Resorts (2009
In 2023, four criminal indictments were filed against Donald Trump, Ex president of the United States from 2017 to 2021. Two indictments are on state charges (one in New York and one in Georgia) and two indictments (as well as one superseding indictment) are on federal charges (one in Florida and one in the District of Columbia). These indictments amount to a total of 88 felony charges.
The New York trial began on April 15, 2024 and concluded on May 30, 2024 with Trump's conviction on all 34 charges.
