As Trump Entertainment Resorts continues to reduce executive staff to lower overhead expenses and return profitability to the recently restructured company, another senior officer has resigned.
Trump Entertainment (TRMP) in the News
Trump Entertainment Resorts, Inc. was founded in Atlantic City, New Jersey in 1995. The company is involved with the operation and ownership of casino hotel properties in Atlantic City, New Jersey. Few entertainment services run through their Atlantic City casinos are available from the company in addition to other services. The Chief executive Officer is Mr. Mark Juliano and Mr. John P. Burke is the Chief Financial Officer. The famous 'Donald' Trump claims that he only owns stock in this company and that the stock he owns of it are only worth 1% of his entire worth.
Latest Trump Entertainment Company Stock News
Trump Entertainment Resorts has put the Trump Marina Hotel and Casino on the market, sparking heated words from a business group pursuing the resort since 2008.
Trump Entertainment Resorts has bought six executives out of their employment contracts under a “change of control” clause in the agreements.
Earlier this week, Trump Entertainment Resorts announced that the White House Sub Shop would be joining them at the Taj Mahal, now they are announcing another possible addition to the casinos offerings that will mark another first in Atlantic City History.
Trump Entertainment Resorts will bring an Atlantic City icon to the Trump Taj Mahal Casino Resort.
Trump Entertainment Resorts has disclosed in a recent Securities and Exchange Commission filing that long time executive James Rigot would be leaving the company.
Trump Entertainment Resorts has reported that gaming revenue for the second quarter of 2010 has continued to decline under previous ownership.
Trump Entertainment Resorts is still on a losing streak even after emerging from bankruptcy just a few short months ago.
As the Governor looks for ways to revitalize the Atlantic City Casino district, Trump Entertainment Resorts is beginning to put restructuring plans in motion.
Fresh from its third bankruptcy the newly restructured Trump Entertainment Resorts has gotten a new investor.
Trump Entertainment Resorts has been able to reopen the Trump Plaza after closing early Friday due to a faulty water main affecting the temperatures inside.
Just as Trump Entertainment Resorts emerges from its third bankruptcy under the control of bondholders, the Trump Plaza closes.
Trump Entertainment Resorts has been given the green light by the New Jersey Casino Control Commission to exit bankruptcy proceedings.
As Atlantic City casinos pursue more niche markets to offset the loss of customers to rival casinos in Pennsylvania, Delaware and New York, Trump Entertainment Resorts looks to gay and lesbian travelers to fill the void.
Trump Entertainment Resorts has been able to revive negotiations with Coastal Marina LLC for the rights to the Trump Marina Hotel and Casino in Atlantic City.
In a surprising twist in the Trump Entertainment Resorts bankruptcy case, rival Carl Icahn dropped a motion to delay bondholders from taking control of the company’s three Atlantic City Casinos.
While disgruntled investor Carl Icahn awaits Trump Entertainments bankruptcy judge to review his appeal, Icahn files another case to prevent the casinos from getting the money they need to move forward with plans to exit bankruptcy.
Investor Carl Icahn has officially challenged the decision to award control of Trump Entertainment Resorts three Atlantic City casinos to bondholders and Avenue Capital Group.
Trump Entertainment Resorts Inc., has reported quarterly earnings for the three month period ending March 31, with losses down nearly 50%.
With branding being a crucial aspect of Trump Entertainments reorganization plan, the company will get a new face.