CASINO

Bond holders approved as new owners of Trump’s AC casinos

TAGs: Atlantic City, Donald Trump, Trump Entertainment Resorts

Trump-Casino-InvestorsThe New Jersey Casino Control Commission has approved the takeover by bondholders of three Atlantic City casinos formerly controlled by Donald Trump. The new deal will see turnaround specialists Avenue Capital as the biggest shareholders with 21%, while Der Donald will retain a 10% stake. Still up for grabs? Who gets control of that dead squirrel on top of Trump’s head. Read more.

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