Surprisingly, the underlying assets are in good shape. Trump's three New Jersey casinos command nearly a third of all gaming revenues in Atlantic City, a slow-growing market that has nonetheless withstood challenges from Connecticut's new megacasinos. All are well-run operations with top-drawer management; the New Jersey Casino Control Commission says they all have clean records. The flagship Taj Mahal, an onion-domed complex with some 4,500 slot machines, throws off nearly $100 million in cash annually; the smaller Trump Marina has almost doubled its own cash flow to $53 million in three years. Add in Trump Plaza and a riverboat outside Gary, Ind., and the company generates more than $240 million in cash a year. "Donald is not blowing smoke when he says there is a lot of money in that business," says Barrack.