Donald Trump restores control of casino empire

Donald Trump is once again dominating the Atlantic City casino empire that bears his name. President Trump, his daughter Ivanka, and Dallas-based Bill Bank vowed to buy the company for $100 million late on Monday, Aug. 3, in a bankruptcy crisis, to make it great once again and make Atlantic City hot, and he plans to bring in a lot of entertainment to focus on Atlantic City, and he feels he lost Atlantic City when he left.

Donald Trump gave up control of the empire after filing for a second Chapter 11 bankruptcy in 2005, but was still the largest shareholder and chairman of the board, resigned from the board after rejecting an offer to buy the company shortly before filing for a third bankruptcy, and debt restructuring has now left him looking forward to a future of successful renovation and entertainment.

A former Trump aide named Richard Fields wanted to buy Trump Marina, and last month filed a lawsuit against Trump Marina, claiming the property deteriorated enough for anyone to finance the acquisition.

The plan is to invest $100 million in upgrades to return Trump Taj Mahal Casino Resort, Trump Plaza Hotel and Casino, and Trump Marina Hotel Casino to the standard needed to compete with other luxury resorts in Atlantic City. 안전한 카지노사이트

This year’s bankruptcy has allowed Trump Entertainment Resorts to write off more than 66% of its $1.7 billion debt, and the huge debt has left it unable to compete with other high-profile facilities such as Borgata Hotel Casino and Spa. Trump Entertainment now owes Bill Bank Nevada $486 million, with additional payments due in 2020 rather than 2012.