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Macau Casino Bobbing in Trump's Wake?

Image: Macau Casino Bobbing in Trump's Wake?

The Venetian Macao resort opens in Macau in 2007. (MIKE CLARKE/AFP/Getty Images)

By    |   Tuesday, 08 Aug 2017 01:49 PM

President Donald Trump left a big wake in his past legacy in the casino industry, with several of his interests still bobbing around Macau, including a possible casino, the South China Morning Post says.

Macau, aka China's Las Vegas, could be an ideal post-presidency landing spot, especially if you owned a prized casino resort there.

A company affiliated with Trump applied for four trademarks in June – one to include the casino industry, the in-the-know Post revealed while also noting that such trademark churn is common.

Trump’s history in casinos has its share of flops but also many successes. When he was in his prime in the casino industry in the early 1990s, his Atlantic City casinos accounted for almost a third of gambling revenues, the Post noted.

Then Trump had a series of bankruptcies culminating in 2009 that cashed out his casinos. The Trump Taj Mahal, which closed for good in October 2016, was the last in the Atlantic City fleet to go under, CNN Money said.

It was a "sad day for Atlantic City," financier Carl Icahn said at the time, considering the closing left 3,000 workers without jobs.

According to the Post, DTTM Operations LLC, a company that handles the ownership of several of the president's trademarks, submitted the trademark applications.

The trademark application involving casino services appeared in Macau's official records last week, but it could be at least two months before more information pertaining to the status of the application surfaces, the Post said.

Trump reportedly placed a bid for one of Macau's casino licenses back in 2001, so it wouldn't necessarily be far fetched to see a Trump casino in Macau in the future, the Post said.

“A Trump partnership is a possibility, but to register trademarks is a common business practice,” said Glenn McCartney, an associate professor in international integrated resort management at the University of Macau.

“It does not mean that it will necessarily be materialized," he added, saying that this could be a "defensive" tactic to prevent Macau from using the Trump name.

Just five years ago, though, Trump registered three of his brands -- “Donald Trump," "Trump Tower," and “Trump International Hotel and Tower” -- in Macau. At the time, Macau's government accepted his request.

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President Donald Trump left a big wake in his past legacy in the casino industry, with several of his interests still bobbing around Macau, including a possible casino, the South China Morning Post says.
macau, casino, trump, wake
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2017-49-08
Tuesday, 08 Aug 2017 01:49 PM
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