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Revenues at other Atlantic City casinos rose 18 % from 1997 through 2002 Mr. Trump’s fell by 1 percent. Indeed, the company posted losses of $66 million in 1996, $42 million in 1997 and $40 million in 1998. The younger Mr. Trump made the payment, but the Casino Control Commission fined the Castle $65,000 for what had amounted to an illegal loan. At the identical time, Mr. Trump’s actual estate empire in Manhattan, exactly where the recession reduce home values, was also failing. Then Mr. Trump bought Hilton’s almost completed casino in the marina district for $320 million, calling it Trump Castle. His firm issued $352 million in bonds to finish construction and open the casino, and tacked on an extra $32 million.