Taj Mahal Casino

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  • October, 1989: The value of junk bonds financing the Trump Taj Mahal plummeted after several top executives in Trump’s casino empire were killed in a helicopter crash. “The 'junk bond' market came under further selling pressure yesterday, swept with rumors about large blocks of bonds being sold by dealers and investors. […] Prices of Trump Taj Mahal bonds were quoted down three points, after a helicopter crash on Tuesday killed three executives of Donald J. Trump's casino operations. Prices of bonds of Harcourt Brace Jovanovich Inc. have fallen more than five points in the last four days, one trader said. Some investors are disappointed by the amount the company received from the sale of its Sea World theme parks to Anheuser-Busch Inc.” (New York Times, October 12, 1989)