Now Casinos Getting In On Bailout Action After Bankrolling Trump’s Campaign To The Tune of $40 Million

Washington D.C. – Joining the multi-billion dollar airline and luxury cruise ship industries, the American Gaming Association – the top trade group for the U.S. casino industry – says it is now “working with the White House and Congress on relief packages” to cushion themselves from the economic repercussions of the coronavirus outbreak. Last night, Senate Majority Leader Mitch McConnell began paving the way for such a bailout with a bill to give $150 billion in loans to unspecified “distressed” businesses that would be at Treasury Secretary Steven Mnuchin’s discretion to approve – no strings attached. Consumer advocacy group Allied Progress questioned why the gambling industry is at the front of the line for major federal aid after two of the largest casino operators posted over $5 billion in profits last year while paying their CEOs tens of millions of dollars. Did the over $46 million the casino and gaming industry funneled into President Trump’s campaign and inaugural committee buy them front-row access to the taxpayer bailout trough?

“It’s as if the President’s team has set up a billionaire-only line for dealing with this crisis, and now even the big casino industry is poised to come out ahead,” said Derek Marin, director of Allied President. “Before the administration takes another meeting with hat in hand wealthy executives, they should take stock of what they’re doing to help families that have the most to lose. Are there hospitals out there that need resources more urgently? Does everyone who needs access to a coronavirus test, a respirator or paid sick leave have it? Do they have a plan for states that could quickly exhaust Medicaid funding or can’t handle the coming crush of jobless benefit claims? If the answer is no, there are a lot more people they need to worry about before getting to big donors like Sheldon Adelson. Only Donald Trump would be considering a billion-dollar federal comp for an industry known for parting vulnerable people from their money with nothing to show for it.” 

WHAT YOU NEED TO KNOW:

The Casino & Gaming Industry Has Donated Over $40.2 Million To Trump’s Political Campaign And Associated Super PACs And Nearly $6.5 Million To His Inauguration. 

The Casino & Gaming Industry Has Donated Over $40.2 Million To Trump Campaign Committees And Trump Associated Super PACs.

Cherna Moskowitz, The Owner Of The Hawaiian Gardens Casino, Has Donated Over $4.6 Million To Trump Campaign Committees And Trump Associated Super PACs.

Cherna Moskowitz Is Current Owner Of The Hawaiian Gardens Casino, Founded By Her Late Husband Irving Moskowitz. “The longtime owner of the casino, Irving Moskowitz, was a controversial figure in Hawaiian Gardens and in Israel before his death in June. […] The casino is now owned by Moskowitz’s family, with his wife, Cherna, and son, David, both holding gaming licenses.” [Hugo Martin, “Hawaiian Gardens gambles on a $90-million overhaul of its casino as rivals invest in their own upgrades,” Los Angeles Times, 08/31/16]

On June 25, 2019, Cherna Moskowitz Donated $339,000 To The Trump Victory Fundraising Committee. [Trump Victory Committee Itemized Receipts, Federal Elections Commission, 06/25/19]

On July 08, 2019, Cherna Moskowitz Donated $300,000 To The America First Action Super PAC.[America First Action, Inc. Itemized Receipts, Federal Elections Commission, 06/25/19]

On April 5, 2019, Cherna Moskowitz Donated $1,000,000 To The America First Action Super PAC.[America First Action, Inc. Itemized Receipts, Federal Elections Commission, 04/05/19]

On September 13, 2018, Cherna Moskowitz Donated $1,000,000 To The America First Action Super PAC. [America First Action, Inc. Itemized Receipts, Federal Elections Commission, 09/13/18]

On June 8, 2018, Cherna Moskowitz Donated $1,000,000 To The America First Action Super PAC.[America First Action, Inc. Itemized Receipts, Federal Elections Commission, 06/08/18]

On August 23, 2016, Cherna Moskowitz Donated $1,000,000 To The Make America Number 1 Super PAC. [Make America Number 1 Super PAC Itemized Receipts, Federal Elections Commission, 06/08/18]

Sheldon Adelson, The “Majority Shareholder Of The World’s Largest Casino Operator, Las Vegas Sands,” And His Wife, Miriam Adelson, Have Donated At Least $30.5 Million To Trump Campaign Committees And Trump Associated Super PACs.

Sheldon Adelson Is The “Majority Shareholder Of The World’s Largest Casino Operator, Las Vegas Sands.” “Adelson is the billionaire chairman and majority shareholder of the world’s largest casino operator, Las Vegas Sands. His company operates the Venetian in Las Vegas and the Marina Bay Sands in Singapore, among others.” [Katie Warren, “Meet the casino billionaire behind The Venetian and Marina Bay Sands, who’s worth $37 billion, lives in a Vegas mansion, and has donated more than $25 million to Trump,” Business Insider, 02/16/20]

On September 13, 2018, Sheldon G. Adelson Donated $5,000,000 To The America First Action Super PAC.  [America First Action, Inc. Itemized Receipts, Federal Elections Commission, 09/13/18]

On September 13, 2018, Miriam Adelson Donated $5,000,000 To The America First Action Super PAC.  [America First Action, Inc. Itemized Receipts, Federal Elections Commission, 09/13/18]

During the 2016 Election Cycle, Sheldon and Miriam Adelson Gave At Least $20 Million To Pro-Trump SuperPAC Future45. [Search for Future45 Contributions, Federal Elections Commission, accessed 03/19/20]

On August 16, 2016, Sheldon G. Adelson Donated $2,700 To The Donald J. Trump for President Campaign Committee. [Donald J. Trump for President, Inc. Itemized Receipts, Federal Elections Commission, 08/16/16]

On August 16, 2016, Miriam Adelson Donated $2,700 To The Donald J. Trump for President Campaign Committee. [Donald J. Trump for President, Inc. Itemized Receipts, Federal Elections Commission, 08/16/16]

On August 16, 2016, Sheldon G. Adelson Donated $246,300 To The Trump Victory Fundraising Campaign Committee. [Trump Victory Committee Itemized Receipts, Federal Elections Commission, 08/16/16]

On August 16, 2016, Miriam Adelson Donated $246,300 To The Trump Victory Fundraising Committee. [Trump Victory Committee Itemized Receipts, Federal Elections Commission, 08/16/16]

For The 2020 Campaign, Adelson Has Pledged $100 Million To Help Donald Trump And Republican Congressional Candidates. “The billionaire casino owner Sheldon Adelson, an ardent pro-Israel conservative, is expected to donate at least $100m to boost Donald Trump’s 2020 re-election efforts and Republican congressional candidates this fall, say three Republican fundraisers familiar with Adelson’s initial plans.” [Peter Stone, “Sheldon Adelson to donate $100m to Trump and Republicans, fundraisers say,” The Guardian, 02/10/2020]

Lorenzo Fertitta And His Wife Teresa Have Donated Over $2.3 Million To Trump Campaign Committees And Trump Associated Super PACs.

Lorenzo Fertitta Serves As The Vice Chairman Of The Red Rocks Resorts Board Of Directors. “Mr. [Lorenzo] Fertitta has served as a member of the Board of the Company since its formation in September 2015 and Vice Chairman of the Board since January 2017. He served as a member of Station Holdco’s board of directors from June 2011 until Station Holdco became member managed in connection with the IPO.” [“Board of Directors,” Red Rock Resorts, accessed 03/17/20]

  • Red Rocks Resort Is “A Leading Gaming, Development And Management Company Operating 21 Strategically-Located Casino And Entertainment Properties.” [“Investor Relations,” Red Rock Resorts, accessed 03/17/20]

On March 13, 2018, Lorenzo Fertitta Donated $1,000,000 To The America First Action Super PAC.  [America First Action, Inc. Itemized Receipts, Federal Elections Commission, 03/13/18]

On August 30, 2016, Lorenzo Fertitta Donated $396,500 To The Trump Victory Fundraising Committee. [Trump Victory Committee Itemized Receipts, Federal Elections Commission, 08/30/16]

On August 30, 2016, Lorenzo Fertitta’s Wife, Teresa Fertitta, Donated $396,500 To The Trump Victory Fundraising Committee. [Trump Victory Committee Itemized Receipts, Federal Elections Commission, 08/30/16]

On October 02, 2019, Lorenzo Fertitta Donated $360,600 To The Trump Victory Fundraising Committee. [Trump Victory Committee Itemized Receipts, Federal Elections Commission, 10/02/19]

On October 02, 2019, Lorenzo Fertitta’s Wife, Teresa Fertitta, Donated $360,600 To The Trump Victory Fundraising Committee. [Trump Victory Committee Itemized Receipts, Federal Elections Commission, 10/02/19]

On August 30, 2016, Lorenzo Fertitta Donated $2,700 To The Donald J. Trump for President Campaign Committee. [Donald J. Trump for President, Inc. Itemized Receipts, Federal Elections Commission, 08/30/16]

On August 30, 2016, Lorenzo Fertitta’s Wife, Teresa Fertitta, Donated $2,700 To The Donald J. Trump for President Campaign Committee. [Donald J. Trump for President, Inc. Itemized Receipts, Federal Elections Commission, 08/30/16]

Frank Fertitta And His Wife Jill Have Donated Over $2.3 Million To Trump Campaign Committees And Trump Associated Super PACs.

Frank Fertitta Serves As The CEO And Chairman Of Red Rocks Resorts And The CEO of Station Casinos. “Mr. [Frank] Fertitta has served as CEO of Red Rock and the Chairman of the Board since September 2015. Mr. Fertitta has also served as CEO of Station LLC since June 2011 and served as a member of Station Holdco’s board of directors from June 2011 until Station Holdco became member managed in connection with the IPO.” [“Board of Directors,” Red Rock Resorts, accessed 03/17/20]

  • “Station Casinos, Inc. Is A Charter Member Of The National Center For Responsible Gaming And Our CEO Frank Fertitta, III Is A Member Of The Center’s Board Of Directors.” [“Responsible Gaming,” Station Casinos, accessed 03/18/20

On March 13, 2018, Frank Fertitta Donated $1,000,000 To The America First Action Super PAC. [America First Action, Inc. Itemized Receipts, Federal Elections Commission, 03/13/18]

On August 30, 2016, Frank Fertitta Donated $396,500 To The Trump Victory Fundraising Committee.[Trump Victory Committee Itemized Receipts, Federal Elections Commission, 08/30/16]

On August 30, 2016, Frank Fertitta’s Wife, Jill Fertitta, Donated $396,500 To The Trump Victory Fundraising Committee. [Trump Victory Committee Itemized Receipts, Federal Elections Commission, 08/30/16]

On October 02, 2010, Frank Fertitta Donated $360,600 To The Trump Victory Fundraising Committee.[Trump Victory Committee Itemized Receipts, Federal Elections Commission, 10/02/19]

On October 02, 2010, Frank Fertitta’s Wife, Jill Fertitta, Donated $360,600 To The Trump Victory Fundraising Committee. [Trump Victory Committee Itemized Receipts, Federal Elections Commission, 10/02/19]

On August 30, 2016, Frank Fertitta Donated $2,700 To The Donald J. Trump for President Campaign Committee. [Donald J. Trump for President, Inc. Itemized Receipts, Federal Elections Commission, 08/30/16]

On August 30, 2016, Frank Fertitta’s Wife, Jill Fertitta, Donated $2,700 To The Donald J. Trump for President Campaign Committee. [Donald J. Trump for President, Inc. Itemized Receipts, Federal Elections Commission, 08/30/16]

Stephen Wynn Has Donated At Least $500,000 To Trump Associated Super PACs.

On January 23, 2018, Stephen Wynn Donated $500,000 To The America First Action Super PAC. [America First Action, Inc. Itemized Receipts, Federal Elections Commission, 01/23/18]

  • “Steve Wynn created some of Las Vegas’ most notable casinos, including The Mirage, Treasure Island, Bellagio and Wynn Las Vegas.”[“Real Time Net Worth – Steve Wynn,” Forbes.com, accessed 03/19/20]

Individuals With Ties To The Casino & Gaming Industry Donated Nearly $6.5 Million To Donald Trump’s Inauguration.

Sheldon Adelson, The Billionare Majority Owner Of The Las Vegas Sands Corporation, Donated $5 Million To Donald Trump’s Inauguration.

Sheldon G. Adelson, Associated With Las Vegas Sands, Donated $5,000,000 To Donald Trump’s Inauguration. [Trump 2017 Inauguration Contributions, OpenSecrets, accessed 03/10/20]

  • Sheldon Adelson Bought The Sands Hotel In Las Vegas In 1999. “1999 […] Ten years after founding the computer trade show COMDEX, Sheldon Adelson and his partners bought the famous Sands Hotel in Las Vegas.” [“The History of Las Vegas Sands,” Las Vegas Sands Corporation, accessed 03/10/20]
  • Las Vegas Sands Corporation Is “Majority Owned By Billionaire Sheldon Adelson.” “Two days after Wynn Resorts and MGM Resorts International announced that their properties would go dark on the Strip, Las Vegas Sands Corp., majority owned by billionaire Sheldon Adelson, announced that it would close the Venetian and the Palazzo until at least April 1.” [Will Yakowicz, “Billionaire Sheldon Adelson To Close Vegas Casinos In Response To COVID-19,” Forbes, 03/17/20]

Phillip & Olesandra Ruffin, Who Owns Treasure Island Hotel And Casino And 50% Of The Trump International Las Vegas Hotel, Donated $1,025,000 To Donald Trump’s Inauguration.

Phillip & Olesandra Ruffin, Associated With Treasure Island, Donated $1,025,000 To Donald Trump’s Inauguration. [Trump 2017 Inauguration Contributions, OpenSecrets, accessed 03/10/20]

  • Phil Ruffin Owns The Treasure Island Hotel And Casino And 50% Of The Trump International Las Vegas Hotel.” “Phil Ruffin owns the Treasure Island Hotel & Casino plus 50% of the Trump International Las Vegas hotel alongside friend Donald Trump.” [“#319 Phil Ruffin,” Forbes, accessed 03/10/20]

Stephen A. Schwarzman, Chairman, CEO, And Co-Founder Of The Blackstone Group—Which Has Entered A $4.6 Billion Partnership To Buy The MGM Grand And Mandalay Bay Resorts And Owns The Cosmopolitan Of Las Vegas—Donated $250,000 To Donald Trump’s Inauguration.

Stephen A. Schwarzman, Chairman, CEO, and Co-Founder Of The Blackstone Group, Donated $250,000 To Donald Trump’s Inauguration. [Trump 2017 Inauguration Contributions, OpenSecrets, accessed 03/10/20]

  • Stephen A. Schwarzman Is “Chairman, CEO, And Co-Founder Of Blackstone, One Of The World’s Leading Investment Firms With $571 Billion Assets Under Management […]” “Stephen A. Schwarzman is Chairman, CEO and Co-Founder of Blackstone, one of the world’s leading investment firms with $571 billion Assets Under Management (as of December 31, 2019).” [“Our People, Blackstone Group, accessed 03/10/20]
  • “MGM Growth Properties And Blackstone Real Estate Income Trust Entered Into A Definitive Agreement To Form A Joint Venture To Acquire The MGM Grand And Mandalay Bay In Las Vegas For $4.6 Billion.” [Chuck Dobrosielski, “MGM Grand, Mandalay Bay to change hands for $4.6B,” Hotel Management, 01/14/20]
  • “The Cosmopolitan Of Las Vegas Is An Iconic, Luxury Resort Hotel And Casino Located In The Heart Of The Las Vegas Strip.” [“Real Estate,” Blackstone, accessed 03/10/20]

Frank Fertitta, CEO Of Stations Casinos, Inc. And Red Rocks Resorts, Donated $207,000 To Donald Trump’s Inauguration.

Frank Fertitta, CEO Of Stations Casino, Donated $207,000 To Donald Trump’s Inauguration. Trump 2017 Inauguration Contributions, OpenSecrets, accessed 03/18/20]

  • “Station Casinos, Inc. Is A Charter Member Of The National Center For Responsible Gaming And Our CEO Frank Fertitta, III Is A Member Of The Center’s Board Of Directors.” [“Responsible Gaming,” Station Casinos, accessed 03/18/20]

Frank Fertitta Also Serves As The CEO And Chairman Of Red Rocks Resorts. “Mr. [Frank] Fertitta has served as CEO of Red Rock and the Chairman of the Board since September 2015. Mr. Fertitta has also served as CEO of Station LLC since June 2011 and served as a member of Station Holdco’s board of directors from June 2011 until Station Holdco became member managed in connection with the IPO.” [“Board of Directors,” Red Rock Resorts, accessed 03/17/20]

In 2019, Two Major American Casino Operators Made Over $5.3 Billion In Net Income While Their CEOs Made Over $36 Million Total In 2018 – Customers Of Both Companies Are Also Showered With Credit Lines To Encourage Continued Gambling.

Las Vegas Sands Made Over $3.3 Billion In Net Income During 2019 And Its CEO, Sheldon Adelson, Made $24 Million During The Most Recently Reported Year.

In 2019, Las Vegas Sands Made Over $3.3 Billion In Net Income.

In 2019, Las Vegas Sands Corporation Made $3,304,000,000 In Net Income. [Las Vegas Sands Corporation, Securities and Exchange Commission Form 10-K, 2019]

In 2018, Las Vegas Sands’ CEO Sheldon Adelson Made $24 Million In Total Compensation.

In 2018, Las Vegas Sands Chairman And CEO Sheldon Adelson Made $24,012,913 In Total Compensation. [Las Vegas Sand Corporation, 2019 Proxy Statement, accessed 03/17/20]

MGM Resorts International Made Over $2 Billion In Net Income In 2019 And Its CEO Made $12.8 Million In 2018, The Last Year For Which Data Is Available.

In 2019, MGM Resorts International Made Over $2 Billion In Net Income.

In 2019, MGM Resorts International Made $2,049,146,000 In Net Income. [MGM Resorts International, Securities and Exchange Commission Form 10-K, 2019]

MGM Resorts International’s CEO Made $12.8 Million In Total Compensation In 2018, The Last Year For Which Data Is Available.

In 2018, MGM Resorts International Chairman And CEO James J. Murren Made $12,849,021 In Total Compensation. [MGM Resorts International, 2019 Proxy Statement, accessed 03/17/20]

Las Vegas Sands Corporation And MGM International Both Rely Heavily On Credit-Based Wagering From Customers, With Around 66% Of Wagers At Las Vegas Sands’ Las Vegas Properties Made On Credit From The Company.

Around 66% Of Table Game Wagers Made At Las Vegas Sands Corportation’s Properties Were Made On Credit From The Company.

Approximately 66.8% Of The Wagers Made At Las Vegas Sands’ Properties Were Made On Credit Offered By The Company. “During the year ended December 31, 2019, approximately 14.7%, 23.9% and 66.8% of our table games drop at our Macao properties, Marina Bay Sands and our Las Vegas properties, respectively, was from credit-based wagering. We extend credit to those customers whose level of play and financial resources warrant, in the opinion of management, an extension of credit. These large receivables could have a significant impact on our results of operations if deemed uncollectible.” [Las Vegas Sands Corporation, Securities and Exchange Commission Form 10-K, 2019]

MGM International Also Provides Credit “To A Large Portion Of [Its] Customers,” Especially Those “Whose Level Of Play And Financial Resources Warrant […] An Extension Of Credit.”

MGM International “Extend[s] Credit To A Large Portion Of [Its] Customers” In The Form “Unsecured Instruments,” Or “Markers” – MGM International Issues These Markers To Individuals “Whose Level Of Play And Financial Resources Warrant […] An Extension Of Credit.” “We extend credit to a large portion of our customers and we may not be able to collect gaming receivables. We conduct a portion of our gaming activities on a credit basis through the issuance of markers which are unsecured instruments. Table games players typically are issued more markers than slot players, and high-end players typically are issued more markers than patrons who tend to wager lower amounts. […] We issue markers to those customers whose level of play and financial resources warrant, in the opinion of management, an extension of credit.”[MGM Resorts International, Securities and Exchange Commission Form 10-K, 2019]

In 2019, Las Vegas Sands And MGM Resorts International Paid Out A Combined Total Of $2.5 Billion In Dividends, While Repurchasing Over $1.75 Billion Worth Of Their Shares.

In 2019, Las Vegas Sands Corporation Paid Out Over $2.3 Billion In Dividends, With Over $1.3 Billion Going To Sheldon Adelson And His Family, And Repurchased $754 Million Worth Of Its Shares.

In 2019, Las Vegas Sands Paid Out $2.37 Billion In Dividends To Shareholders, Including $1.33 Billion To Sheldon Adelson And His Family…

In 2019, Las Vegas Sands Corporation Paid Out $2.37 Billion In Dividends With $1.3 Billion Going To Sheldon Adelson, The “Principal Stockholder,” And His Family. “During the year ended December 31, 2019, the Company recorded $2.37 billion as a distribution against retained earnings (of which $1.33 billion related to the Principal Stockholder and his family and the remaining $1.04 billion related to all other stockholders).” [Las Vegas Sands Corporation, Securities and Exchange Commission Form 10-K, 2019]

  • Sheldon Adelson, Identified As Las Vegas Sands Corporations’ “Principal Stockholder,” And His Family Own 57 Percent Of Las Vegas Sands’ Outstanding Common Stock. “Mr. Adelson, his family members and trusts and other entities established for the benefit of Mr. Adelson and/or his family members (Mr. Adelson, individually our ‘Principal Stockholder,’ and the group, collectively our ‘Principal Stockholder and his family’) beneficially own approximately 57% of our outstanding common stock as of December 31, 2019.” [Las Vegas Sands Corporation, Securities and Exchange Commission Form 10-K, 2019]

…And Repurchased $754 Million Worth Of Its Shares.

In 2019, Las Vegas Sands Repurchased $754 Million Worth Of Its Shares. “During the year ended December 31, 2019, we repurchased 12,556,635 shares of our common stock for $754 million (including commissions) under this program. All share repurchases of our common stock have been recorded as treasury stock.” [Las Vegas Sands Corporation, Securities and Exchange Commission Form 10-K, 2019]

In 2019, MGM Resorts International Paid Out Over $270 Million In Dividends And Repurchased $1 Billion Worth Of Its Shares.

 In 2019, MGM Resorts International Paid Out $271 Million In Dividends To Shareholders…

In 2019, MGM Resorts International Paid Out $271 Million In Dividends To Shareholders. “During 2019, we paid dividends each quarter of $0.13 per share, totaling $271 million for the year.” [MGM Resorts International, Securities and Exchange Commission Form 10-K, 2019]

…And Repurchased $1 Billion Worth Of Its Shares.

In 2019, MGM Resorts International “Repurchased And Retired $1.0 Billion” Worth Of Its Common Stocks. “In May 2018, our Board of Directors authorized a $2.0 billion stock repurchase program and completed the previously announced $1.0 billion stock repurchase program. In 2019, we repurchased and retired $1.0 billion of our common stock pursuant to our current $2.0 billion stock repurchase plan.” [MGM Resorts International, Securities and Exchange Commission Form 10-K, 2019]

Donald Trump Has Taken In Tens Of Millions Of Dollars From A Las Vegas Tower He Co-Owns With A Casino Operator, Top Campaign Donor, And Friend Of 25 Years.

Donald Trump’s Las Vegas Hotel And Condo Tower—Which Made $66 Million From January 2016 To April 2017 While His Other Businesses “Saw Their Revenue Decline”—Promotes And Even Offers Courtesy Transportation To Nearby Casinos.

Donald Trump’s Las Vegas Hotel Promotes The City’s Casinos And Even Offers Shuttle Service To Them.

Donald Trump’s Las Vegas Hotel Promotes The City’s Casinos. “Las Vegas offers no shortage of excitement for travelers from around the world. Boasting many of the finest restaurants, attractions, shopping, nightlife and casinos in the world, Las Vegas is not a destination that you only visit once.” [“Trump Las Vegas,” Trump International Hotel Las Vegas, accessed 03/17/20]

  • “A World Class Destination, Las Vegas Boasts Innovative Restaurants, Cutting Edge Attractions, Shopping, Vibrant Nightlife And Renowned Casinos.”[Destinations, Trump International Hotel Las Vegas, accessed 03/17/20]

Donald Trump’s Las Vegas Hotel Offers Shuttles To “Other Strip Locations,” Including Wynn Las Vegas And Caesars Palace Shops. “Among the best hotels off the strip in Las Vegas, our Vegas suites provide you with a front row seat to the entertainment capital of the world and a shuttle that will take you to other Strip locations.“ [Destinations, Trump International Hotel Las Vegas, accessed 03/17/20]

  • “Courtesy Shuttle To And From The Forum Shops At Caesars Palace And Wynn Las Vegas.”[Services and Amenities, Trump International Hotel Las Vegas, accessed 03/17/20]

Donald Trump’s Las Vegas Hotel Promotes Comedy Venues At The “Iconic” Tropicana Casino And At Caesars Palace. “Las Vegas is home to a number of permanent comedy venues, from the Laugh Factory at the iconic Tropicana Casino, to the Improv Comedy Club at Caesars Palace.” [Destinations, Trump International Hotel Las Vegas, accessed 03/17/20]

From January 2016 To April 2017, Donald Trump’s Las Vegas Condo And Hotel Tower Made $66 Million While His Other Businesses “Saw Their Revenue Decline.”

In 2017, Donald Trump’s Las Vegas Tower “Enjoyed A Windfall” While His Other Businesses “Saw Their Revenue Decline.” “Some businesses owned by Donald Trump saw their revenue decline since his presidential campaign entered full force and he became president, but one operation enjoyed a windfall: a Las Vegas tower that opened nearly 10 years ago, a new disclosure form shows.” [Alexandra Berzon and Rebecca Ballhaus, “Revenue Slides at Some Trump Businesses, but Vegas Tower Brings Windfall,” The Wall Street Journal, 06/22/17]

From January 2016 To April 2017, Donald Trump Took In $66 Million From “The Las Vegas Condo And Hotel Tower Bearing His Name,” $20 Million More Than During The Previous Year. “Mr. Trump reported receiving about $66 million from the Las Vegas condo and hotel tower bearing his name from January 2016 through April 2017. That was about $20 million more than he reported receiving from the building a year earlier.” [Alexandra Berzon and Rebecca Ballhaus, “Revenue Slides at Some Trump Businesses, but Vegas Tower Brings Windfall,” The Wall Street Journal, 06/22/17]

Donald Trump Co-Owns Company That Owns The Las Vegas Tower With A Top Campaign Donor And Casino Operator He Has Known For 25 Years – The Trump Organization And The Donor Even Discussed Building A New Casino “Off The [Vegas] Strip” In 2017.

Donald Trump Co-Owns The Company That Owns Las Vegas Tower With Phil Ruffin, A Top Campaign Donor And Casino Operator.

Donald Trump And Phil Ruffin—Who Was A “Top Donor” To Trump And Served On His Transition And Inaugural Committees—Each Have A 50% Stake In The Company That Owns The Las Vegas Tower. “Mr. Trump owns 50% of Trump Ruffin LLC, the company that owns the tower, called Trump International Hotel Las Vegas. A business partner, Phil Ruffin—a top donor to Mr. Trump during the campaign who has since served on his transition and inaugural committees—owns the other half.” [Alexandra Berzon and Rebecca Ballhaus, “Revenue Slides at Some Trump Businesses, but Vegas Tower Brings Windfall,” The Wall Street Journal, 06/22/17]

In 2017, Phil Ruffin, “A Casino Operator,” Told Multiple News Publications “He Would Like To Build A New Building There [In Las Vegas] With The Trump Organization, Possibly A Casino.” “Mr. Ruffin, a casino operator and Mr. Trump’s partner in Las Vegas, has told The Wall Street Journal and other news outlets that he would like to develop a new building there with the Trump Organization, possibly a casino. Yet there are no development plans moving forward, a person familiar with the project said.” [Alexandra Berzon and Rebecca Ballhaus, “Revenue Slides at Some Trump Businesses, but Vegas Tower Brings Windfall,” The Wall Street Journal, 06/22/17]

In 2017, After Trump Assumed Office, Forbes Reported That The Trump Organization And Ruffin Had Discussed Plans To Build A New Casino “Just Off The [Vegas] Strip.”

In March 2017, Well After Trump Was In Office, It Was Reported That “Ruffin And The Trump Organization Are Also Thinking Of Building A New Casino Just Off The Strip.” “In addition to the hotel they already own, Forbes has learned, Ruffin and the Trump Organization are also thinking of building a new casino just off the Strip.” [Dan Alexander, “Why The Next Big Trump Project Could Be A Las Vegas Casino,” Forbes, 03/20/17]

Donald Trump And Phil Ruffin Have Been Friends For Over 25 Years – Trump Even Served As Ruffin’s Best Man.

Donald Trump Has “25 Years Of Personal Friendship” With Phil Ruffin And “Of Trump’s More Than Two Dozen Global Business Partners, None Is Closer To Him Than Ruffin.” “Ruffin’s unwavering trust in the president comes via 25 years of personal friendship and one very lucrative ongoing deal. Of Trump’s more than two dozen global business partners, none is closer to him than Ruffin.” [Dan Alexander, “Why The Next Big Trump Project Could Be A Las Vegas Casino,” Forbes, 03/20/17]

Donald Trump Was Phil Ruffin’s Best Man. “When Ruffin, 82, married his wife, Oleksandra, a former Miss Ukraine who is 47 years his junior, Trump served as best man.” [Dan Alexander, “Why The Next Big Trump Project Could Be A Las Vegas Casino,” Forbes, 03/20/17]

As Of 2017, Donald Trump Had Never Co-Invested In A Trump-Branded Property With Anyone But Phi Ruffin.

As Of 2017, Trump Had Never Co-Invested In A Trump-Branded Property With Anyone Else—Except For Phil Ruffin. “Most of Trump’s ‘partners’ are more like customers, who pay to put his name on properties and then give him a percentage of revenues. The only person whom the president has invested alongside in a Trump-branded property? Phil Ruffin.” [Dan Alexander, “Why The Next Big Trump Project Could Be A Las Vegas Casino,” Forbes, 03/20/17]

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