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Trump Hotels
Trump Entertainment Resorts, Inc. was a gambling and hospitality company. The company previously owned and operated the now-demolished Trump Plaza and Trump World's Fair (both in Atlantic City), the now-closed Trump Marina, Trump Casino & Hotel in Gary, Indiana, Trump 29 in Coachella, California, and Trump Taj Mahal in Atlantic City. It was founded in 1995 as Trump Hotels & Casino Resorts by Donald Trump, who after 2004 held only a minority ownership. The company filed for bankruptcy in 2004, 2009 and 2014. It became a subsidiary of Icahn Enterprises in 2016. Since then, all of the company's properties have been closed and sold. History The beginning Donald Trump began purchasing properties along the Atlantic City boardwalk in the early 1980s and received a casino license from the New Jersey Casino Control Commission (CCC) on March 15, 1982. He had planned to build his own casino on the boardwalk, but was stalled on the project when Mike Rose, then CEO of Holiday Inn and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holiday Inn
Holiday Inn is an American chain of hotels based in Atlanta, Georgia. and a brand of IHG Hotels & Resorts. The chain was founded in 1952 by Kemmons Wilson, who opened the first location in Memphis, Tennessee that year. The chain was a division of Bass Brewery from 1988-2000, Six Continents from 2000-03, and IHG Hotels & Resorts since 2003. It operates hotels under the names Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, and Holiday Inn Resorts. As of 2018, Holiday Inn operates more than 1,100 locations. History 1950s–1970s Kemmons Wilson, a resident of Memphis, Tennessee, was inspired to build a motel after being disappointed by the poor quality of roadside accommodations during a family road trip to Washington, D.C. During construction, the name "Holiday Inn" was coined by Wilson's architect Eddie Bluestein as a joking reference to the 1942 musical film ''Holiday Inn''. Their first hotel/motel opened in August 1952 as "Holiday Inn Hotel Courts" at 4941 Summer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Embargo Against Cuba
The United States embargo against Cuba prevents American businesses, and businesses organized under U.S. law or majority-owned by American citizens, from conducting trade with Cuban interests. It is the most enduring trade embargo in modern history. The US first imposed an embargo on the sale of arms to Cuba on March 14, 1958, during the Fulgencio Batista regime. Again on October 19, 1960, almost two years after the Cuban Revolution had led to the deposition of the Batista regime, the US placed an embargo on exports to Cuba except for food and medicine after Cuba nationalized the US-owned Cuban oil refineries without compensation. On February 7, 1962, the embargo was extended to include almost all exports. The United Nations General Assembly has passed a resolution every year since 1992 demanding the end of the US economic embargo on Cuba, with the US and Israel being the only nations to consistently vote against the resolutions. , the embargo is enforced mainly through the Tradi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cuba
Cuba ( , ), officially the Republic of Cuba ( es, República de Cuba, links=no ), is an island country comprising the island of Cuba, as well as Isla de la Juventud and several minor archipelagos. Cuba is located where the northern Caribbean Sea, Gulf of Mexico, and Atlantic Ocean meet. Cuba is located east of the Yucatán Peninsula (Mexico), south of both the American state of Florida and the Bahamas, west of Hispaniola ( Haiti/Dominican Republic), and north of both Jamaica and the Cayman Islands. Havana is the largest city and capital; other major cities include Santiago de Cuba and Camagüey. The official area of the Republic of Cuba is (without the territorial waters) but a total of 350,730 km² (135,418 sq mi) including the exclusive economic zone. Cuba is the second-most populous country in the Caribbean after Haiti, with over 11 million inhabitants. The territory that is now Cuba was inhabited by the Ciboney people from the 4th millennium BC with the Gua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dennis Archer
Dennis Wayne Archer (born January 1, 1942) is an American lawyer, jurist and former politician from Michigan. A Democrat, Archer served as Justice on the Michigan Supreme Court and as mayor of Detroit. He later served as president of the American Bar Association, becoming the first black president of the organization, which, until 1943, had barred African-American lawyers from membership. Early life and education Dennis Archer was born on January 1, 1942, to a working-class family living on the east side of Detroit. His family struggled financially because Archer's father lost his arm in an automobile accident. There were few employment opportunities for disabled people in the city, so the family relocated to rural Cassopolis when Archer was five years old. Archer began working to help provide for his family at just eight years old. He worked as a golf-caddy, pinsetter at a bowling alley, and janitor at a bakery. After graduating high school, Archer financed his college educa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mel Farr
Melvin Farr (November 3, 1944 – August 3, 2015) was an American professional football player and businessman. A native of Beaumont, Texas, Farr played college football as a halfback on the 1965 and 1966 UCLA Bruins football teams that were ranked No. 4 and No. 5 respectively in the final AP Polls. He was selected as a consensus first-team All-American in 1966, gained over 1,000 yards from scrimmage in both 1965 and 1966, and was inducted into the UCLA Athletics Hall of Fame in 1988. Farr was drafted by the Detroit Lions in the first round, seventh overall pick, of the 1967 NFL Draft and played seven years as a running back for the Lions. He led the Lions in both rushing and receiving in 1967, totaling 1,177 yards from scrimmage as a rookie, and was selected as the NFL Rookie of the Year. He was twice selected to play in the Pro Bowl, in 1967 and 1970. In a career shortened by injury, Farr gained a total of 4,446 yards from scrimmage and scored 36 touchdowns during h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Detroit
Detroit ( , ; , ) is the largest city in the U.S. state of Michigan. It is also the largest U.S. city on the United States–Canada border, and the seat of government of Wayne County. The City of Detroit had a population of 639,111 at the 2020 census, making it the 27th-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metropolitan area, and the 14th-largest in the United States. Regarded as a major cultural center, Detroit is known for its contributions to music, art, architecture and design, in addition to its historical automotive background. ''Time'' named Detroit as one of the fifty World's Greatest Places of 2022 to explore. Detroit is a major port on the Detroit River, one of the four major straits that connect the Great Lakes system to the Saint Lawrence Seaway. The City of Detroit anchors the second-largest regional economy in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Majestic Star II
The Majestic Star II (formerly known as the Trump Casino) was a floating casino that operated from 1996 to 2021 in Gary, Indiana. Located in Gary's Buffington Harbor, it overlooked Lake Michigan. The casino was opened in 1996 by New York-based Trump Hotels & Casino Resorts, which operated an adjoining Trump hotel. In December 2005, the Trump Organization Trump most commonly refers to: * Donald Trump (born 1946), 45th president of the United States (2017–2021) * Trump (card games), any playing card given an ad-hoc high rank Trump may also refer to: Businesses and organizations * Donald J. ... sold the casino and hotel to Majestic Star Holdings, which operated the Majestic Star Casino next door. Majestic Star closed both casinos in April 2021. One license was transferred to the Hard Rock Casino Northern Indiana, located inland in Gary. References Casinos in Indiana Culture of Gary, Indiana Riverboat casinos Tourist attractions in Lake County, Indiana 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Early 1990s Recession
The early 1990s recession describes the period of economic downturn affecting much of the Western world in the early 1990s. The impacts of the recession contributed in part to the 1992 U.S. presidential election victory of Bill Clinton over incumbent president George H. W. Bush. The recession also included the resignation of Canadian prime minister Brian Mulroney, the reduction of active companies by 15% and unemployment up to nearly 20% in Finland, civil disturbances in the United Kingdom and the growth of discount stores in the United States and beyond. Primary factors believed to have led to the recession include the following: restrictive monetary policy enacted by central banks, primarily in response to inflation concerns, the loss of consumer and business confidence as a result of the 1990 oil price shock, the end of the Cold War and the subsequent decrease in defense spending, the savings and loan crisis and a slump in office construction resulting from overbuilding during ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High-yield Debt
In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade by credit rating agencies. These bonds have a higher risk of default or other adverse credit events, but offer higher yields than investment-grade bonds in order to compensate for the increased risk. Default risk As indicated by their lower credit ratings, high-yield debt entails more risk to the investor compared to investment grade bonds. Investors require a greater yield to compensate them for investing in the riskier securities. In the case of high-yield bonds, the risk is largely that of default: the possibility that the issuer will be unable to make scheduled interest and principal payments in a timely manner. The default rate in the high-yield sector of the U.S. bond market has averaged about 5% over the long term. During the liquidity crisis of 1989-90, the default rate was in the 5.6% to 7% range. During the pandemic of 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merv Griffin
Mervyn Edward Griffin Jr. (July 6, 1925 – August 12, 2007) was an American television show host and media mogul. He began his career as a radio and big band singer, later appearing in film and on Broadway. From 1965 to 1986 he hosted his own talk show, ''The Merv Griffin Show''. He also created the game shows ''Jeopardy!'' and ''Wheel of Fortune'' through his production companies, Merv Griffin Enterprises and Merv Griffin Entertainment. Early life Griffin was born July 6, 1925, in San Mateo, California, to Mervyn Edward Griffin Sr., a stockbroker, and Rita Elizabeth Griffin (née Robinson), a homemaker. He had an older sister, Barbara. When he was a child, Griffin used to play Hangman games with his sister during family road trips. It was these games which inspired him to create the game show ''Wheel of Fortune'' in 1975. The family was Irish American. Raised as a Catholic, Griffin started singing in his church choir as a boy, and by his teens was earning extra money as a churc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resorts International
Resorts International was a hotel and casino company. From its origins as a paint company, it moved into the resort business in the 1960s with the development of Paradise Island in the Bahamas, and then expanded to Atlantic City, New Jersey with the opening of Resorts Casino Hotel in 1978. After the death of its longtime chairman, James Crosby, in 1986, the company was briefly controlled by Donald Trump, before being acquired by Merv Griffin in 1988. It was acquired by Sun International in 1996. History Development in Bahamas and Atlantic City (1958–1986) In 1958, the Mary Carter Paint Company, a New Jersey paint manufacturer, was acquired by a group of investors. James Crosby, son of one of the investors, was appointed to lead the company. With its paint business on the decline, Mary Carter sought to diversify into the land development business. It acquired 1,200 acres of land near Freeport, Bahamas in 1962, followed by a 75 percent interest in Paradise Island in 1966. The c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
