Marc Lasry

ATLANTIC CITY, NJ-Marc Lasry says he will be stepping down as chairman of Trump Entertainment Resorts effective Feb. 28.

Lasry, who led the $225-million bankruptcy buyout of Trump Entertainment in 2010, is also the chairman and CEO of Avenue Capital Group that which is the biggest investor in Trump Entertainment, according to The Record.

Trump Entertainment CEO Robert Griffin will replace Lasry as chairman of the board and Michael Elkins, also of Avenue Capital, will take Lasry’s seat on the board. See story in The Record.