The casino operator "has recently received preliminary andconditional indications of interest from parties proposing toacquire the company," according to company officials in a releaseissued today. "There can be no assurance that any of theseindications of interest will result in a sale of the company or anyother transactions." Trump brought Merrill Lynch on board in Marchto assess the company's options.
The firm of Kirkland & Ellis is now retained as legaladvisors, which has practice areas in both restructurings as wellas corporate transactions such as mergers and acquisitions.
Trump Entertainment Resorts, which is separate from other Trumpdivisions, owns and operates the three Trump-branded casinos inAtlantic City. In February, a possible joint venture between TrumpEntertainment and Diamondhead Casino Corp. for the construction ofa casino on NewOrleans' outskirts was nixed. Trump Entertainment also lost outon a chance to develop a casino in Philadelphialast year.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
