Trump Entertainment files for bankruptcy

SHARE Trump Entertainment files for bankruptcy

ATLANTIC CITY, N.J. — Trump Entertainment Resorts has become the latest Atlantic City casino owner to file for bankruptcy protection.

The company filed in U.S. Bankruptcy Court in Wilmington, Delaware, on Tuesday, saying it has liabilities of more than $100 million.

The firm runs two casinos, the Trump Taj Mahal and the soon-to-close Trump Plaza.

Donald Trump owns a 10 percent stake in the firm, but no longer controls it.

The company last went through bankruptcy in 2009.

Three other Atlantic City casinos have closed this year, as the industry struggles with competition in nearby states.

THE ASSOCIATED PRESS

The Latest
“The shooter is still at large, so let’s pray for justice to prevail, and then let’s move on and let’s celebrate — celebrate the independence of this nation,” state Sen. Darren Bailey, R-Xenia, said on Monday 90 minutes after the shooting that left seven dead and at least 30 wounded.
The nation’s first woman and person of color to occupy the vice president’s office struck a somber tone before thousands of teachers at McCormick Place while taking the first five minutes of her speech to condemn the massacre and push for “reasonable gun safety laws.”
There shall be no more injury excuses when White Sox return to full health.
EDITOR’S NOTE: Sun-Times Washington Bureau Chief Lynn Sweet was at the Highland Park parade when the shooting started, and we debated whether to use her photos of the dead. We decided to use one, and put it behind a click-to-view warning module. Here’s our reasoning.
Kevin McCarthy’s father-in-law said Tuesday that McCarthy, killed along with his wife Irina, “had Aiden under his body when he was shot.” The boy told the grandfather when he picked him up from the police: “Mommy and Daddy are coming soon.”