Trump Entertainment Resorts bondholders plan to reject Donald Trump’s attempt to take control of the bankrupt casino company saying it would leave their securities worthless, reports Bloomberg. The bondholders are owed $1.25bn. Trump, with the help of Beal Nevada Bank, is attempting to retake control of the company he founded after the three casinos it owns in Atlantic City, New Jersey, wound up in bankruptcy protection a third time.

This entry was posted by Gwen Robinson on Thursday, August 6th, 2009 at 4:47 and is filed under Capital markets, People. Tagged with Trump Entertainment Resorts. Edit this entry.