Tags: Trump Administration | Donald Trump | donald trump | casino | las vegas | president

WSJ: Trump Mulls Starting New Casino in Vegas

Image: WSJ: Trump Mulls Starting New Casino in Vegas

Friday, 26 Feb 2016 10:29 AM

Republican presidential front-runner Donald Trump may be moving back into the casino business — with a new gambling palace built next to his luxury Trump Hotel in Las Vegas, The Wall Street Journal reports.

http://www.wsj.com/articles/trumps-firm-weighs-return-to-gamblingwith-a-vegas-casino-1456430694

The billionaire developer’s son Eric Trump and casino owner Phil Ruffin, who co-owns the hotel, told The Journal the work on project could begin this year.

Eric said if Ruffin, who is spearheading the idea, wants to go forward, “we would certainly do it. [He is] one of our closest friends. We’re almost inseparable.”

The proposed casino would sit on four acres — currently used as a parking lot — next to the eight-year-old Trump Hotel.

Ruffin told The Journal that building the new casino would cost about $100 million casino and the Trumps would own 50 percent of it.

It would be Donald Trump’s first foray into gambling in Nevada, after having developed several gambling operations in Atlantic City which he is no longer associated with.

If the casino project does go ahead and Trump is elected president, he would likely have to place his business interests in a blind trust, The Journal reports.

© 2017 Newsmax Finance. All rights reserved.

 
1Like our page
2Share
Headline
Republican presidential front-runner Donald Trump may be moving back into the casino business - with a new gambling palace built next to his luxury Trump Hotel in Las Vegas.
donald trump, casino, las vegas, president
187
2016-29-26
Friday, 26 Feb 2016 10:29 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved