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SHORT TAKES : Trump Unfazed by Casino Flap

December 28, 1990|From Times Wire Services

NEW YORK — Donald Trump may be having a cash crisis, but the high-profile developer has nothing but bravura when it comes to talking about his finances.

Trump's Taj Mahal casino in Atlantic City, N.J., is facing a proposed reorganization since he missed a $47.3-million interest payment on $675-million worth of high-yield junk bonds used to finance the gaming house.

The bondholders had threatened to push Trump into bankruptcy proceedings and seize control of the casino before a compromise was arranged.

Yet, none of this seems to trouble Trump.

"Mark my words," he said in an interview published in Thursday's Wall Street Journal. "In 12 months," he said, "I will be worth more than I was two years ago."

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