The loss projections were increased in light of the recent operating performance at Trump properties, and because of new competition entering Trump's markets in Indiana and Atlantic City. Showboat Casinos began competing with Trump in East Chicago during April, and Hilton Hotel's plans to open a Wild Wild West casino in Atlantic City in July. Quite frankly, it can be boring to talk about Trump Hotels. If the company lost in stride as the Cubs do, it might be fun to discuss. But it takes itself too seriously.
Trump now hopes to move into the Detroit market, too.
Another casino means more debt on Trump's books. Trump is currently seeking the license to develop and operate its Detroit casino, and everyone should know the status by mid-July. Reminds me of the Bat Man movies. We're comfortable sitting on this short. That the stock has risen since our short is a function of volatility, not improved business prospects.