Trump Casino Entertainment Resorts, Inc was a gambling and hospitality company.
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14 Facts About Trump Casino
2.
Trump Casino had planned to build his own casino on the boardwalk, but was stalled on the project when Mike Rose, then CEO of Holiday Inn and Harrah's approached him to manage construction of a Holiday Inn Casino-Hotel.
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3.
In 1985, Trump purchased the nearly-complete Atlantic City Hilton hotel and casino property at the Atlantic marina from Hilton Hotels for $325 million.
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4.
In 1988, Trump Casino purchased the unfinished Taj Mahal property from Resorts International for $230 million after negotiations with Merv Griffin in which the two men divided the assets of the failing company.
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5.
Trump Casino, who had been the majority owner, would reduce his stock ownership from 56 to 27 percent.
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6.
Trump Casino said the filing was "really just a technical thing" as the best way to implement the restructuring plan.
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7.
In 2005, the company's involvement in the Spotlight 29 Trump Casino ended, as the tribe bought out the casino management agreement for $6 million.
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8.
Trump Casino had been awarded a license to build a second casino in Orange County, Indiana, but dropped this plan, due in part to the state's concerns about the company's viability.
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9.
Trump Casino planned to lay off employees in order to cut costs.
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10.
Trump Casino group filed for bankruptcy again in February 2009, owing $1.
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11.
Trump Casino initially made an agreement with banker and poker player Andrew Beal, owner of Beal Bank, which held $500 million in the group's debt, to take over the resorts.
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12.
In early August 2014, Donald Trump filed a lawsuit demanding removal of his name from the company's two casinos, because they had allegedly been allowed to fall into disrepair, in breach of the licensing agreement for Trump's name.
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13.
Trump Casino Entertainment continued to operate to deal with the transfer of some points on the Trump Casino One card account.
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14.
Trump Casino Plaza remained vacant after the company had gone defunct and its assets were acquired by Icahn Enterprises.
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