Casinos – New Trump CEO looks to expand outside Atlantic City
Robert Griffin, who will be taking over Trump Entertainment Resorts, is planning to take the company’s casinos beyond Atlantic City. The company, which is coming out of bankruptcy for the third time, has been granted approval by the New Jersey Casino Control Commission to have Griffin serve as CEO of Trump Entertainment Resorts, replacing current [...]
Casinos: Avenue Capital takes over Trump Entertainment Resorts
The New Jersey Casino Control Commission gave approval on Wednesday to Avenue Capital Management to own Trump Entertainment Resorts over a bid by investor Carl Icahn who has filed an appeal against the decision. The New Jersey commission also approved the bankruptcy reorganization of the company formerly owned by Trump. Avenue Capital Management is known [...]