The President's golf course in Ireland is in the rough

Source: MGN Online

NEW YORK (AP) - Donald Trump has lost money for a third year in a row at his golf club in Ireland, but business appears to be improving.

Financial statements filed with the Irish government show the golf resort owned by the U.S. president lost $2.6 million in 2016, the latest year available. The losses come amid signs of trouble at some of his other golf resorts.

The Irish losses were 17 percent higher a year earlier. Revenue rose, too, in 2016.

The Trump International Golf Links and Hotel was hurt by a shut down for 2015 and part of 2016 while the property in Doonbeg, Ireland, was being refurbished. According to a prepared statement, the resort expects to report an operating profit for 2017. Those results aren't expected until late 2018.



 
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