Título: Donald Trump
Seção: Atlantic City casinos
Background: Donald John Trump (born June 14, 1946) is the 45th and current President of the United States, in office since January 20, 2017. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and earned an economics degree from the Wharton School of the University of Pennsylvania. He took over his family's real estate business in 1971, renamed it The Trump Organization, and expanded it to involve the construction and renovation of skyscrapers, hotels, casinos, and golf courses.

Conteúdo: New Jersey legalized casino gambling in 1977, and Trump went to Atlantic City, New Jersey the following year in order to explore how he might get involved in a new business venture. Seven years later, Harrah's at Trump Plaza hotel and casino opened there; the project was built by Trump with financing from the Holiday Corporation, which also managed the operation. Renamed "Trump Plaza" soon after it opened, it was at the time the tallest building in Atlantic City. The casino's poor financial results exacerbated disagreements between Trump and Holiday Corp., which led to Trump's paying $70 million in May 1986 to buy out their interest in the property. Trump also acquired a partially completed building in Atlantic City from the Hilton Corporation for $320 million; when completed in 1985, that hotel and casino became Trump Castle, and Trump's wife Ivana managed that property until 1988.  Also in 1988, Trump acquired his third casino in Atlantic City, the Taj Mahal, then halfway through construction, through a complex transaction with television host and entertainer Merv Griffin as well as the resort and casino company Resorts International. The Taj opened in April 1990 and was built at a total cost of $1.1 billion, which at the time made it the most expensive casino ever. The project was financed with $675 million in junk bonds and was a major gamble by Trump. The project underwent debt restructuring the following year, leaving Trump with 50% ownership. He also sold his 282-foot 

user: what can you tell me about the atlantic city casinos?

assistant: New Jersey legalized casino gambling in 1977,

user: was Donald trump in New Jersey when it was legalized?

assistant: and Trump went to Atlantic City, New Jersey the following year

user: why did he decide to go there?

assistant: in order to explore how he might get involved in a new business venture.

user: what did he do once he got there?

assistant: Seven years later, Harrah's at Trump Plaza hotel and casino opened there; the project was built by Trump with financing from the Holiday

user: What was special about the Harrah's?

assistant: project was built by Trump with financing from the Holiday Corporation, which also managed the operation.

user: was it sucessful?

assistant: City. The casino's poor financial results exacerbated disagreements between Trump and Holiday Corp., which led to

user: which led to what?

assistant: which led to Trump's paying $70 million in May 1986 to buy out their interest in the property.

user: what else did Trump have in the atlantic city?

assistant: Trump also acquired a partially completed building in Atlantic City from the Hilton Corporation for

user: for how much did he get the building?

assistant: for $320 million;