Las Vegas Sun

February 9, 2010

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Donald Trump drops bid to regain control of casinos

(via Bloomberg News) · November 17, 2009 · 4:26 PM

Donald Trump and daughter Ivanka Trump ended their attempt to take control of bankrupt casino company Trump Entertainment Resorts Inc.

Donald Trump will receive common stock and warrants for 10 percent of the Atlantic City, New Jersey-based company if a reorganization plan he agreed to support is approved, according to an e-mailed statement today. The Trumps are dropping all litigation against an ad hoc committee of creditors, plan to release the debtors from claims of more than $100 million and will permit the continued use of Donald Trump’s name on the three Atlantic City casinos, according to the statement.

Discussion: 5 comments so far...

Comments are moderated by Las Vegas Sun editors. Our goal is not to limit the discussion, but rather to elevate it. Comments should be relevant and contain no abusive language. Comments that are off-topic, vulgar, profane or include personal attacks will be removed. Full comments policy.

  1. By environprotector
    Nov. 18, 2009
    8:20 a.m.
    Suggest removal

    Whatever happens, keep this idiot out of Vegas, let him stay in AC!!!

  2. By American_Gaming_Guru
    Nov. 18, 2009
    12:05 p.m.
    Suggest removal

    It sounds like The Donald is officially out of the gaming business.

  3. By PGelsman
    Nov. 18, 2009
    1:42 p.m.
    Suggest removal

    He's not well liked in AC either, or for that matter anywhere. A real horse's ass.

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