Las Vegas Sun

May 17, 2024

Donald Trump and bondholders gain control of casinos

Donald J. Trump is hoping the third time will be the charm.

As it prepares to exit bankruptcy court for the third time, Trump Entertainment Resorts and its three Atlantic City casinos will be under the control of Mr. Trump and bondholders after a court ruling on Monday.

Mr. Trump joined with bondholders in a successful $225 million bid that beat out a rival offer by Carl C. Icahn, known for his aggressive corporate takeovers.

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