Trump Casinos with a $1.8 billion debt and $220 million in annual interest rates has partially given up the ghost and will enter Chapter 11 bankruptcy. The Corp. hope to climb out in a year with new financing. The Donald to contribute nearly $71 million of his own money to a refinancing plan (in part an investment in the group that will provide the financing to come out of bankruptcy an din part his own money). Story says this will not affect the Donald's proposed building behind the Frontier in Las Vegas. L.V. Review/Journal story site. Casinos will continue to opeatate but with new management. The Donald loses his CEO status but retains his board chairmanship.
http://www.reviewjournal.com/lvrj_home/2004/Aug-11-Wed-2004/business/24506237.html
Wonder if any of the AC casinos will come out with a "BANKRUPCY" chip?
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