GAMBLING: Chips from the Old Block

GAMBLING: Chips from the Old Block

Cash-strapped Donald Trump surprised all the experts last December when he came up with an $18.4 million bond payment on his Trump Castle casino in Atlantic City. At the time, Trump explained that the casino got an infusion of a "relatively small amount of money." Relative is right. The Wall Street Journal reported last week that Trump's 85-year-old father Fred, a megarich developer based in Brooklyn, dispatched a lawyer in December to buy $3 million worth of chips at Trump Castle, in effect giving Donald a loan. Last week the younger Trump would acknowledge only that "a group bought some chips,...

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