Will Another Trump Try Running A Casino?
It was exactly one month ago that thousands of sticks of dynamite brought down the decaying shell of the Trump Plaza Hotel and Casino in Atlantic City, N.J., officially erasing the last vestige of Donald Trump’s failed foray into the gambling industry. He wasn’t exactly good at it, having lost all three of his seaside casinos to bankruptcies.
That makes it almost comical that the twice-impeached, one-term former president’s son, Eric, is making noise about potentially turning the family business’s Doral golf resort in Florida into a gambling destination. The Miami resort, where $150 is the least expensive fee to play 18 holes of golf, is suffering financially as a result of the coronavirus pandemic and Trump polarizing personality. Revenue at the heavily leverage property fell 44 percent last year, according to Trump’s government financial disclosure form. Hundreds of workers have been laid off or furloughed.
Gambling in Florida currently is limited to tribal casinos and horse racing tracks, but every year someone floats a proposal to expand its availability. Political observers there think such an effort could stand a better chance this year given Trump’s interest and his close relationship with the state’s Republican Gov. Ron DeSantis.
In an email to the Washington Post, Eric Trump wrote, “Many people consider Trump Doral to be unmatched from a gaming perspective – at 700 acres, properties just don’t exist of that size and quality in South Florida, let alone in the heart of Miami.”