NEW YORK (AP) — A financial report filed with the British government shows that President Donald Trump lost millions of dollars at his flagship Scottish golf resort for a fourth year in a row last year.
A report from Britain’s Companies House shows that Trump’s Turnberry resort lost 3.4 million pounds ($4.4 million at current exchange rates) in 2017. The loss, however, is smaller than the previous year’s when the resort was closed for six months.
Trump’s company has struggled since it ventured into Scotland a dozen years ago. It lost a court fight to stop an offshore windmill farm at a second Scottish resort, drew objections from the environmental regulators and faced backlash from local anti-Trump protesters.
The president’s son, Eric Trump, expressed optimism that Turnberry will turn an operating profit soon.