breaking news

Third person hit by Brightline train since debut last week

Trump's Irish resort loses money for third consecutive year


Donald Trump has lost money for a third year in a row at his golf club in Ireland.

Financial statements filed with the Irish government show the president's resort on the island's west coast lost about $2.6 million in 2016, the latest year available. The losses come amid signs of trouble at some of his other golf resorts. His two Scottish resorts, for instance, recently reported losses had doubled in 2016.

There are signs of improvement at the Irish property, though. Revenue rose in 2016, and losses are smaller, down 14 percent from a year earlier.

The Trump International Golf Links and Hotel in Doonbeg was hurt by a shutdown for 2015 and part of 2016 while the property was being refurbished. A statement by the resort's directors says they expect it to turn an operating profit in 2017. Those results aren't expected until late 2018.

The latest losses were first reported by the Irish Times. The newspaper quoted the general manager of the resort saying that revenue jumped an additional 10 percent in the 2017, and that the resort is enjoying "record green fee business and a steady flow of new members."

Including the latest results, the Doonbeg resort has lost about $8.8 million (7.3 million euros) in the three years through 2016. Trump bought the property in 2014.

Trump has been losing money at his two Scottish resorts for three years, too. In 2016, he posted $23 million in losses. Trump has angered local residents at a resort overlooking the North Sea in Aberdeen with what they claim have been bullying tactics over the years in an effort to expand his property.

The Irish course overlooking the Atlantic Ocean is considered one of the Europe's best, but has attracted some controversy, too. Trump last month received approval from a local government to build a wall to protect his course from rising seas. The wall has angered some local residents and environmentalists who say the structure will damage dunes in the area and a public beach.

Some of Trump's golf courses in the U.S. appear to be facing a backlash from players since he took office. His public courses in Los Angeles and one in the New York have reportedly faced drops in revenue in recent months.

Just how Trump's other courses have fared as well as his many branded hotels, office towers and residential buildings is unclear because the business is privately held and doesn't release much financial information. Trump stepped down from management of his business when he took office, but retains ownership through a trust managed by his two adult sons.


Reader Comments ...


Next Up in Nation & World

Woman dies after falling from balcony of Carnival cruise ship
Woman dies after falling from balcony of Carnival cruise ship

A woman died Friday after falling from the balcony of a room on the Jacksonville-based Carnival Elation cruise ship. The woman fell from the balcony to several decks below, Carnival said in a statement. Carnival Elation departed Jacksonville on Thursday for a four-day cruise to the Bahamas. Carnival sent the following statement to Action News Jax:"...
Scientists worry brain-wasting 'zombie deer' disease could spread to humans
Scientists worry brain-wasting 'zombie deer' disease could spread to humans

Deer across North America are dying from a mysterious disease that gradually destroys the animals’ nervous systems. And scientists are concerned that the infection could make its way to humans.  Chronic wasting disease — or “zombie deer disease” — was first observed in 1967 in Fort Collins, Colorado, and has since...
5-foot tapeworm wiggles out of California man after eating sushi
5-foot tapeworm wiggles out of California man after eating sushi

A sushi-loving California man with a habit of consuming raw salmon recently pulled out a 5-foot tapeworm from his own body. According to Dr. Kenny Bahn, who treated the man in August and revealed the case on a Jan. 8 episode of the medical podcast “This Won’t Hurt a Bit,” his patient thought he was dying. "He asked me for...
Tom Petty died of accidental drug overdose, family says 
Tom Petty died of accidental drug overdose, family says 

Tom Petty died from an accidental drug overdose after taking a variety of medications, the family for the legendary rock star said Friday.  Petty, who suffered emphysema, knee problems and more recently a fractured hip, was prescribed various pain medications including Fentanyl patches, his family said.  “On the day he died he was informed...
‘Ramp of Mystery’ in middle of nowhere was drone test site
‘Ramp of Mystery’ in middle of nowhere was drone test site

If you search on Google Maps for “Ramp of Mystery,” a curious Southeast Austin landmark appears. It’s a concrete structure that leads to nowhere, sitting in an overgrown field. It’s a steep ramp with too much of an incline to walk up easily. To the side, an aging and precarious set of wooden steps goes up to the top...
More Stories