A bankruptcy judge refused to allow Donald Trump to forge ahead with a legal fight to reclaim his luxury brand from Trump Entertainment Resorts Inc., a descendant of the Atlantic City, N.J., casino company he once led.
Unsecured creditors are calling Trump Entertainment Resorts’ proposed plan to exit bankruptcy a “charade,” and a way for billionaire investor Carl Icahn to preserve hundreds of millions of dollars in tax credits.
Carl Icahn believes that Atlantic City's Trump Taj Mahal casino is all but certain to close. In an interview with the Associated Press published late Thursday, the chairman of Icahn Enterprises L.P. said that the struggling property is "quickly...
Trump Entertainment Resorts Inc. failed to persuade a bankruptcy judge to sign off on an agreement with Carl Icahn that allowed the beleaguered gambling company to use its scarce cash as it attempts to survive in Chapter 11.
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