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Encyclopedia > Trump Entertainment Resorts

Trump Entertainment Resorts, Inc. is a holding company which owns, operates and manages casinos/hotels in the United States The company was formed in 2005 as a result of the restructing of its predecessor Trump Hotels & Casino Resorts. Donald J. Trump is Chairman of the Board and Mark Juliano is President and Chief Executive Officer. This article or section does not adequately cite its references or sources. ... For other uses, see Hotel (disambiguation). ... Donald John Trump (born June 14, 1946 in Queens, New York, New York) is an American business executive, entrepreneur, television and radio personality and author. ...

Contents

History

In 2004 Trump Hotels & Casino Resorts explored various options for restructuring its debt, amid speculation that it might file for bankruptcy. A possible arrangement with Credit Suisse First Boston was not completed because the bondholders rejected it. Notice of closure stuck on the door of a computer store the day after its parent company, Granville Technology Group Ltd, declared bankruptcy (strictly, put into administration—see text) in the United Kingdom. ... Credit Suisse First Boston (CSFB) is a bulge bracket New York City based investment banking and financial services firm. ...


On October 21, 2004 the company announced a preliminary agreement with its investors. Trump, who has been the majority owner, would reduce his stock ownership from 56 percent to 27 percent. Bondholders would surrender some of their debt in exchange for stock. On October 27, the company announced that Morgan Stanley would be the joint lead arranger for a financing of $500 million financing as part of the restructuring plan. On November 21, the company filed for bankruptcy. Trump said the filing was "really just a technical thing" as the best way to implement the restructuring plan.[1] The plan was submitted to the Bankruptcy Court on December 16, 2004. The company could exit bankruptcy in March, 2005. is the 294th day of the year (295th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Morgan Stanley (NYSE: MS) is one of the largest and the most reputed investment banks headquartered in New York City. ... In the United States, federal courts have exclusive jurisdiction over bankruptcy cases. ... is the 350th day of the year (351st in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...


The company has changed its name to Trump Entertainment Resorts. THCR also announced that former New Jersey governor James Florio has been appointed a member of the new Board of Directors. James Joseph Jim Florio (born August 29, 1937) is a Democratic politician who served as the 49th Governor of New Jersey from 1990 to 1994, the first Italian American to hold the position. ...


Trump Entertainment managed the Trump 29 Casino for the Twenty-Nine Palms Band of Mission Indians but disagreements plagued Trump's relationship with the tribal council. On December 22, 2004, the company entered into a memorandum of understanding with the tribe to end the management agreement. is the 356th day of the year (357th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...


On April 30, 2005 The Company announced that it would not proceed with its plans to build a casino in the Orange County, Indiana town of French Lick. The Indiana Gaming Commission held new bidding and they are expected to vote on June 23, 2005 on the approval of Blue Sky Casino who was the sole bidder for the gaming license that was abandoned by Trump due to the fact that the company was insolvent and facing bankruptcy with over $1.3 billion of 11.25% First Mortgage notes secured by the Taj Mahal and Trump Plaza coming due in April 2006. is the 120th day of the year (121st in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Orange County is a county located in the state of Indiana. ... French Lick is a town in Orange County, Indiana, United States. ... is the 174th day of the year (175th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Gaming Control Board or GCB is a governmental body or agency charged with regulating casino and other types of gaming in a defined geographical area, usually a state, and of enforcing gaming law in general. ...


On May 18, 2007 the company announced that it was in the preliminary stages of negotiating a buyout with several public and private firms. On July 2, 2007 Trump Entertainment Resorts announced that they could not make a deal with any company that they were in talks with and decided to take itself off the market. The Company will layoff employees in order to cut cost. Report from MarketWatch is the 138th day of the year (139th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... A buyout is an investment transaction by which the entire stock of a company is sold. ...


Casinos

The company owns and operates three casinos in Atlantic City: Trump Taj Mahal Casino Resort, Trump Plaza both of which are located on the Boardwalk, and Trump Marina in Atlantic City's Marina District. The company recently[1] sold the Trump Casino Hotel - a riverboat casino in Gary, Indiana. The Trump Taj Mahal Casino Resort is located at 1000 Boardwalk Avenue, in Atlantic City, New Jersey, in the bustling casino area. ... Trump Plaza Hotel and Casino is a Trump branded casino resort located on the Boardwalk in Atlantic City, NJ at Mississippi Avenue. ... Trump Marina Hotel Casino as seen from the Senator Frank S. Farley State Marina. ... This article is about the city. ...


The Trump Taj Mahal Casino Resort, which the company owns is currently undergoing a $240 million renovation and addition of a new hotel tower.[2] The Trump Taj Mahal Casino Resort is located at 1000 Boardwalk Avenue, in Atlantic City, New Jersey, in the bustling casino area. ...


Donald Trump's role

Trump's well-known name and image are used extensively by the company in its marketing. He conducts his business interests in real estate and other non-casino ventures via the Trump Organization which is a separate entity from Trump Entertainment Resorts. Donald Trump and wife Melania. ...


References

  1. ^ MSNBC

External links

  • Trump Entertainment
  • Trump Marina Hotel Casino, Atlantic City, New Jersey
  • Trump Plaza Casino Hotel, Atlantic City, New Jersey
  • Trump Taj Mahal Casino Hotel, Atlantic City, New Jersey

  Results from FactBites:
 
Trump Employment - Current Openings (921 words)
Trump Entertainment Resorts, Inc. offers a world of possibilities that is truly unique - and locations that are in your area.
Trump Entertainment Resorts is looking for qualified candidates to fill a Human Resource Project Administrator position.
Trump Entertainment Resorts seeking candidate with an accounting degree and a minimum of two (2) years internal audit experience with an understanding of the casino industry.
Trump Taj Mahal Casino Resort - Wikipedia, the free encyclopedia (616 words)
The Trump Taj Mahal Casino Resort is located at 1000 Boardwalk Avenue, in Atlantic City, New Jersey, in the bustling casino area.
Donald Trump had owned the casino as majority owner of Trump Hotels and Casino Resorts which filed for Chapter 11 Bankruptcy in 2004.
Three additional check-in areas can be found throughout the resort: the concierge-style VIP Services in the main lobby; the motor coach terminal and the convention registration desk on the second floor.
  More results at FactBites »


 

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