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Trump's Irish resort loses money for 3rd year in row

NEW YORK — 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 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.

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

Including the latest results, the Doonbeg resort has lost about $8.8 million in the three years through 2016.

Trump bought the property in 2014.

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