July 16, 2010
Trump Entertainment Resorts Inc. announced today that it has emerged from Chapter 11 reorganization, days after the New Jersey Casino Control Commission approved a plan that lets Donald J. Trump and his daughter Ivanka retain at least partial control of the company that bears their name. - Inquirer staff
December 7, 2014 |
The Trump Taj Mahal in Atlantic City is likely to remain open until Dec. 20, as its parent company continues to negotiate for financial aid from the city or the State of New Jersey, the bankrupt Trump Entertainment Resorts said Friday. However, some employees already started working fewer hours this week, Kathleen McSweeney, senior vice president of market operations for Trump Entertainment, said in a statement. The Taj Mahal closed one of its hotel towers Monday, and at that point still planned to close the casino next Friday, according to a Nov. 26 petition on its closing plans filed with the New Jersey Division of Gaming Enforcement.
July 19, 2005 |
Donald J. Trump is looking to two Atlantic City veterans to turn his struggling casino business around. Mark Juliano, who resigned as president of Caesars Palace in Las Vegas on Friday, will replace Mark Brown as head of the three Trump casinos in Atlantic City, according to Trump. Juliano's last day at Caesars Palace is July 31. "I'm very happy about it," Trump said yesterday in a phone interview from New York. "It's fantastic. There's no better team in the business. " Juliano, 50, joins James B. Perry, who was tapped by Trump earlier this month to become chief executive officer of New York-based Trump Entertainment Resorts Inc., which operates a riverboat casino in Gary, Ind., in addition to the three casinos in Atlantic City.
May 28, 2009 |
A shift manager at the Trump Taj Mahal Casino Resort was fatally shot yesterday in a storage room just off the casino floor. Minutes later, a suspect identified by state police as a 57-year-old man from Norristown, Pa., was arrested inside the casino's parking garage. Police also recovered a handgun that may have been used in the shooting. The manager, identified by a company official as Ray Kot of Egg Harbor Township, was pronounced dead about 5:30 p.m., 2 1/2 hours after the shooting.
February 25, 2010 |
Donald J. Trump characterizes billionaire financier Carl Icahn as a good friend but says that his friend doesn't spend money. "I've known him for many years," Trump told a U.S. Bankruptcy Court hearing in Camden this morning, referring to the man who has put forth a plan to bring Trump Entertainment Resorts Inc. out of its third bankruptcy. But, Trump continued as he answered a question from one of Icahn's lawyers, "He doesn't spend any money. If he spends 10 cents, it's a major event.
January 8, 2011 |
Trump Entertainment Resorts has come out a loser in the Pennsylvania casino market. Again. The U.S. 3rd Circuit Court of Appeals yesterday rejected the two-year bid of the company - known for its three Atlantic City casinos and its high-profile partial owner Donald Trump - to overturn a 2006 ruling by the state Gaming Control Board. Trump, using the name Keystone Redevelopment Partners LLC, pitched a casino at the old Budd Co. plant in Nicetown. The board rejected Trump's bid for one of two casino licenses in Philadelphia, in part because it worried he would use the local casino to draw customers to Atlantic City, where the tax rate on gambling profits is lower.
November 20, 2014 |
ATLANTIC CITY - Vera Coking famously refused to sell to Donald Trump. But in the end, she sold to Carl Icahn. Property records in Atlantic County show that Coking's famous but now-vacant white house, in the shadow of the famous but now-shuttered Trump Plaza, is now owned by IEH Enterprises - Icahn. The house at 127 S. Columbia Place was sold at auction in August for $583,000. At the time, Atlantic City lawyer Pat Agnellini said he was the bidder on site - and on the phone - who walked away with the winning bid. Agnellini declined to say at the time whom he represented other than himself, or what the plans were for the property.
November 30, 2011 |
TRENTON - Ready. Set. Go get married! A couple of New Jersey lawmakers are proposing a bill to eliminate the state's 72-hour waiting period for couples seeking a license to wed. Assemblyman Louis Greenwald, D-Voorhees, and state Sen. Nicholas Scutari, D-Linden, argue that the law is antiquated - it dates back to 1934 - and getting rid of it would give New Jersey a competitive edge in the wedding-tourism market. Other nearby states, like New York and Delaware, have only 24-hour waiting periods.
October 20, 2011
Trump Entertainment Resorts Inc., owner of two casino hotels in Atlantic City, is about to enter a partnership with another firm to offer online gambling. Trump Entertainment has "determined that such a joint venture represents the most advantageous way for the company to participate in opportunities in online gaming at minimal cost to the company," according to an Oct. 14 filing with the Securities and Exchange Commission. Trump Entertainment would own 10 percent of the new venture.
November 3, 2012 |
Gov. Chris Christie this morning allowed Atlantic City's casinos be reopened to the public, six days after his executive order declaring them closed in preparation for Hurricane Sandy's arrival. Christie ordered gaming suspended on Saturday. He said they could reopen starting 10 a.m. today. Sandy officially came ashore in Atlantic City 8 p.m. Monday night and was severely impacted by the storm, with part of the the boardwalk being washed away in the northern end. Christie had suspended operations at all 12 casinos, which forced closure of all the hotels, simulcast facilities and gaming.