| The casino company founded by Donald Trump, Trump Entertainment Resorts, announced its biggest loss since 2005.
The loss grew from us$ 9.68 million a year earlier to us$ 183.2 million, the company said in its statement. Revenue fell 6.4 percent to us$ 228.6 million.
Trump’s Atlantic City properties lost business to six slots-only casinos that have opened in Pennsylvania since November 2006. Since last year customers have been facing higher gasoline prices and declining home values thus becoming prone to gamble less, pushing down revenues in the second largest U.S. casino market after Las Vegas. Analysts confess Atlantic City is a difficult environment to operate in and predict further decline in revenues to us$ 233.7 million.
Trump Entertainment fell 11 percent to us$ 3.31 in Nasdaq Stock Market trading. The shares dropped 10 percent this year and 74 percent since May 20, 2005.
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