Trump's bad bet: How too much debt drove his biggest casino aground

This authoritative-secondary source from The Washington Post supports 19 claims across 15 ledger entries.

Publisher: The Washington Post
Published: 2016-01-18
Source quality: authoritative-secondary

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Claims supported by this source

factdocumented
The project was financed through high-yield debt carrying demanding repayment terms.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal high-yield bond financing: The record · The record
factdocumented
Trump developed, controlled, and promoted the Taj Mahal financing and opening.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal high-yield bond financing: The record · The record
factreported
The analyst lost his position after publishing the unfavorable assessment.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal analyst-warning dispute: Affected group · Affected group
analysisdocumented
The reporting documents retaliation pressure following an adverse financial analysis; the analysis itself remained a forecast rather than a legal finding.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal analyst-warning dispute: Audit finding · Cited analysis
factreported
The cited record concerns private-employer conduct and does not establish a government censorship violation.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal analyst-warning dispute: Evidentiary limit · Evidentiary limit
factreported
After an analyst issued a warning about the casino's debt capacity, Trump demanded action from the analyst's employer and the analyst was dismissed.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal analyst-warning dispute: The record · The record
factdocumented
Trump personally pressed the analyst's employer after the Taj Mahal warning.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal analyst-warning dispute: The record · The record
analysisdocumented
The record documents payment harm to project contractors, though individual claims varied and some were resolved through settlements.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal contractor payment disputes: Audit finding · Cited analysis
factreported
Trump opened the Taj Mahal after construction financed with substantial high-yield debt.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal contractor payment disputes: The record · The record
factdocumented
Trump controlled and promoted the Taj Mahal development whose contractors reported payment disputes.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal contractor payment disputes: The record · The record
factreported
The casino opened but needed unusually strong daily operating performance to service the debt.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal high-yield bond financing: Affected group · Affected group
analysisdocumented
The casino opened, but its financing created a documented repayment burden that preceded its restructuring.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal high-yield bond financing: Audit finding · Cited analysis
factreported
Trump promoted the Taj Mahal as a major completed casino resort and business achievement.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal high-yield bond financing: Promised · Promised
factreported
Contractors and suppliers reported that invoices were unpaid, delayed, or settled for less than claimed.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal contractor payment disputes: Affected group · Affected group
factreported
The affected claims differed in documentation and resolution, and the reporting does not establish identical treatment for every contractor.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal contractor payment disputes: Evidentiary limit · Evidentiary limit
analysisdocumented
The restructuring contradicted the launch's financial-success promise, while the casino continued operating and Trump retained an ownership interest.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal debt restructuring: Audit finding · Cited analysis
factdocumented
Trump Taj Mahal Associates filed for Chapter 11 protection under a negotiated restructuring plan.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal debt restructuring: The record · The record
factdocumented
Trump controlled and promoted the debtor casino and negotiated the restructuring.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal debt restructuring: The record · The record
factdocumented
Bondholders exchanged debt for ownership while the casino continued operating.
Financing, analyst warning, contractors, bankruptcy, and bondholders
Taj Mahal debt restructuring: Affected group · Affected group