The bankruptcy filing by Trump Entertainment Resorts earlier this month has negative implications for the municipal debt issued by Atlantic City, said Moody's Investors Service in a report on Monday. The filing, which suggested the company's Trump...
There's a "significant possibility" Trump Entertainment Resorts will be forced to close both its casinos and shut down its Atlantic City Boardwalk gambling enterprise in bankruptcy, company lawyer Kristopher Hansen told a judge.
Restaurant operator Landry's agreed to buy the Trump Marina Hotel in Atlantic City, N.J., for $38 million, the latest property to change hands as Trump Entertainment Resorts looks to lessen its debt load.
Once again revenue at the big Vegas strip is down year over year.
Nevada reports June casino revenue $763.8M, -6.6% year/year; Las Vegas strip -7.6% year/year
The June data shows a further deterioration from the May data ($847M) of -4.7% y/y...
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