Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Trump Entertainment (TRMP) Keeps Tax Credits
Filed in Trump Entertainment (TRMP) on Apr.10, 2010
Trump Entertainment (TRMP: 0.40 0.00%) will not lose tax credits awarded to them until 2013 through a settlement reached with Atlantic City.
In late 2007, the company entered into a settlement agreement with the City Council after filing 19 appeals for assessments on all four of its casinos, including the Trump World’s Fair which was demolished in 2001 claiming that tax assessors inflated the casinos’ value resulting in higher taxes.
The state Tax Court validated the agreement resulting in payments to Trump Entertainment of $34 million. Under the terms of the deal the city would credit the company $12 million in 2007, $4 million per year from 2009 through 2011 and $5 million per year for 2012 and 2013.
Although 21 towns in Atlantic County filed a lawsuit seeking to invalidate the resolution claiming that it violated the state’s Open Public Meetings Act and was “arbitrary, capricious and unreasonable”, Superior Court Judge Valerie Armstrong dismissed the suit on Thursday.
“If the resolution is declared null and void, so too must the (Tax Court’s) final judgment be rendered null and void,” Armstrong wrote in her decision, “something this court cannot do.”
http://www.casinogamingstock.net/news/trump-entertainment-trmp-keeps-tax-credits-902479
Hey River, Good to see everyone checking this one as well!
Cool! It will be interesting to watch this one unfold as well!
Good luck all!
That because cowboy spams me in my dreams lmao
To funny so do I ..lol
Got it on watch
Judge is expected to pick a winner by April 15. It should be interesting!
I think we will see this stock go higher at least in the short term! Alot in my view will depend on who does actually win this battle for control. I believe though as crazy as it may sound to some that if Donald does actually win this along with his partners I think that it has a higher potential of going and staying higher for the short and maybe long term. I do believe that the company and the stock for that will do much better out of Bankruptcy than it in and in either case is a requirement for any future viability. It is unclear what term what would be safe one but I believe in the short term the Stock will see an increase and some period afterwords we will probably see a dip hopefully followed by some recovery depending on how the company and stock is restructured. Just my guess and of course IMO! Good Luck to all!
Carl Trumps Donald Buys Balance of Mortgage:
Carl Icahn is buying up all the cards.
Still smarting from a flopped gamble on Blockbuster, the billionaire investor yesterday upped the ante in his showdown with developer Donald Trump over ownership of three bankrupt Trump casinos in Atlantic City.
Icahn quietly gained control yesterday of the half of the casinos' mortgage that he didn't already own. He bought back the half of the mortgage held by Texas banker Alan Beal, a requirement of one of the covenants of the original mortgage deal.
He paid approximately $250 million, a discount of about 7.5 percent. By taking on all of the mortgage, Icahn also gets to collect a $10 million interest payment due on the mortgage.
After investor Carl Icahn (above) bought the mortgage backing the property at bankrupt Trump Entertainment Resorts in Atlantic City — including the Taj Mahal — Donald Trump will have to deal with Icahn.
Icahn's move bolsters his pledge to Bankruptcy Court Judge Judith Wizmur in Camden, NJ, to keep the casino group whole if he gets ownership. There could be a decision from the court as early as next week on which of the two moguls will win the ownership struggle.
The fight over a resurrection of Trump Entertainment Resorts has dragged on for months. On one side, Trump and holders of some of the $1.2 billion in debt on the properties want to buy the operations for $225 million and restructure debt to recover at least a percentage of their holdings. Donald Trump would get a 10 percent stake in the new company in exchange for leaving his brand name on the properties.
Icahn, meanwhile, wants to convert the mortgage into ownership shares. He has said he wants to wipe the debt slate clean and give the casinos their first chance to operate without the crushing debt load that's sucked out almost all gaming profits for a decade.
The usually successful Icahn took a beating in the past three days as he dumped the bulk of his stock in Blockbuster at between 19 cents and 25 cents a share, marking a $185 million loss.
He paid between $5 and $8 a share over the past five years, or a total of about $191 million, for his 17-percent stake. He's holding onto a smaller piece of the company, about 3.7 percent.
http://www.nypost.com/p/news/business/carl_trumps_donald_kNQQxuu6sk4solDlZeDLBO#ixzz0k3NECZhT
still! doesnt mean stock will move higher
Billionaires Compete For Control Of Trump Entertainment
Filed in Trump Entertainment (TRMP) on Mar.26, 2010
Trump Entertainment (TRMP: 0.40 0.00%) is waiting for a New Jersey bankruptcy judge to pass a ruling on which billionaire should gain control of the company’s Atlantic City gaming empire.
This marks the third time that the company, lead by Donald Trump has sought bankruptcy protection from creditors.
A decision is expected to be made in April; in the meantime the Judge ponders which reorganization plan will provide stabilization for the company.
Note holders have formed an alliance with Donald Trump, who has removed himself from the board, and has personally guaranteed repayment of at least $290 million they are owed in return for a 5% stake in the new company and continued use of the Trump name.
Carl Icahn, as a debt holder, has proposed a competing plan to clear $480 million in bank debt and whip out note holders who are owed approximately $1.2 billion.
http://www.casinogamingstock.net/news/billionaires-compete-for-control-of-trump-entertainment-trmp-902361
Oh... Ok. Its all chart based and, of course, luck?
CEMJQ did very well while still in BK, over $1 and still over $1. I'd say as long as the news remains optimistic and no drama or scandals are unveiled, just trade TRMPQ like any other tech trade. The chart looks great! The signs say "YES"!
Pure gamble..~
I have just two words for you! Potential and hope! IMO! I'm sure others can give you a ream of mathematical formula's which in my view have value but are only part of the equation. Just my opinion!
You guys have to tell me your secret... I bailed out too early. What in the heck do you look for in a BR stock? what makes it move up?
Considering this was trading in around the 0.065 mark not even a month ago this continues to do well and holding strong around 0.14 which is not bad at all!
Go TRMPQ!
Stock way up! Over twice what it was in Feb!
it's on the REG SHO list now. maybe shorts covering.
http://regsho.com/tools/short_list.php?ssd=20100305
Up another almost 29%! Not bad at all it will be interesting to how things play out here. IMO!
Well if he wanted to see it succeed why has it gone BK three times already with his name on it? My bet the BK Judge awards it to Mr. Icahn's group to see if new blood can make it work.
Trump takes the stand in bid for namesake casinos
Thursday February 25, 6:35 pm ET
By Emily Chasan
CAMDEN, New Jersey (Reuters) - Celebrity real estate developer Donald Trump, optimistic about a casino comeback, took the stand in U.S. bankruptcy court on Thursday to fight for control of the three Atlantic City hotel-casinos bearing his name.
ADVERTISEMENT
In just over an hour of testimony at a New Jersey courthouse, Trump said he believed the Trump Entertainment Resorts (Other OTC:TRMPQ.PK - News) casinos could reach new heights and that the Atlantic City casino market would revive as the broader economy recovers, despite increasing competition.
"I want to see this company succeed," Trump told the court. "I think it has a great chance of succeeding, and that is very important to me because it has my name on it."
Trump, appearing calm and relaxed in a black suit and bright blue tie, made jabs at rival bidder Carl Icahn, portraying his opponent as a vulture who would not invest the necessary dollars in the future of the casinos and has a mixed track record of guiding companies through bankruptcy.
Trump said his plan for the casinos would rehabilitate them and allow them to grow, but also said two of the casinos could eventually be sold if it does not work out.
Shares of the company rose 41 percent in the over-the-counter market after his testimony.
Trump and his daughter Ivanka were both in court on Thursday, having teamed with the company's bondholders to push a plan to invest $225 million in a reorganized Trump Entertainment by selling stock and paying down some of the company's $485 million secured debt.
That debt is held by Texas banker and high-stakes poker player Andy Beal and billionaire Icahn, who have proposed their own competing reorganization plan for the casinos.
For Trump, the deal would give the him up to 10 percent of the company and a way back to the business he walked away from a year ago, days before Trump Entertainment Resorts, in February of last year, made its third filing for bankruptcy.
Ivanka Trump would also play a larger role in the future of the casinos, having negotiated much of the current deal with the bondholders herself. Ivanka sat a few rows back in the courtroom on Thursday, nodding or shaking her head as her father testified about the deal.
In his testimony, Trump described his long history with Atlantic City, how he gave up his spot on the company's board last year, and an earlier unfinished deal he had made with Beal before they were adversaries.
In the earlier deal, Beal and Trump had planned to each invest $50 million in the company and put a new $500 million mortgage on the properties, in a plan that would have left bondholders with little recovery.
"I would have been running it and it would have been a little bit like the old days when I was running it like a private company," Trump testified, saying he was ready to spend more time in Atlantic City and that he would have even tried to move his reality show "The Apprentice" to Atlantic City.
But late last year that deal fell apart as Trump switched sides and began working with bondholders, led by distressed investment fund Avenue Capital.
BILLIONAIRES BATTLE
Trump said he expects the bondholders and Avenue Capital to pump money into the properties "to make them first-class casinos," and allow them to grow. While the Taj Mahal has recently been rehabilitated, Trump said he expects a determination would be made about whether it was worth spending money on the Plaza and Marina or if they should be sold.
"I believe the investors are coming in with a very large pot of money... and they're going to spend it," Trump said.
"Carl spends nothing -- if Carl spent three dollars I'd be shocked," Trump said in a dig at his rival.
Icahn is a latecomer to the case. He purchased a majority of the bank debt for 92.5 percent of face value from Beal Bank late last year, disrupting negotiations for a consensual plan.
"I didn't understand why Andy did that," Trump said about Beal's sale of the debt to Icahn at a discount. Trump also said there was a "personal matter" that led to the collapse of his deal with Beal.
Beal and Icahn have said the bondholder plan risks starving the company of cash if the battered Atlantic City gaming market does not recover.
Trump, however, poses a potential branding problem for Icahn. According to Trump, the current licensing agreement to use his brand on the casinos has terminated and Beal and Icahn do not have a right to use his name without his consent. He said on Thursday that his brand, which is also used on neckties and housing complexes, has recently been valued at $3 billion.
Icahn and Beal have argued in court papers that they can keep the brand.
http://ca.us.biz.yahoo.com/rb/100225/business_us_ml_trump_bankruptcy.html?.v=1
I'll definitely take a look, thanks.
Besides I don't think I'll be here much longer . . . take a few profit opportunities here and there, because this is a "dead-end" for the "commons" anyway. IMO
Good Luck to You!
You were SURELY RIGHT!! THANKS! I just doubled down today . . .
Im out at .065.
Base on my luck this year so far... its a good time to buy
Form 8-K for TRUMP ENTERTAINMENT RESORTS FUNDING INC
22-Feb-2010
Regulation FD Disclosure, Financial Statements and Exhibi
Item 7.01. Regulation FD Disclosure.
As previously disclosed, on February 17, 2009 Trump Entertainment Resorts, Inc. (the "Company") and certain of its direct and indirect subsidiaries (collectively, the "Debtors") filed voluntary petitions in the United States Bankruptcy Court for the District of New Jersey in Camden, New Jersey (the "Bankruptcy Court") seeking relief under the provisions of chapter 11 of title 11 of the United States Code.
On February 22, 2010, the Debtors filed their monthly operating report for the month ended January 31, 2010 (the "Monthly Operating Report") with the Bankruptcy Court. The Monthly Operating Report is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This current report (including the exhibit hereto) will not be deemed an admission as to the materiality of any information required to be disclosed solely by Regulation FD.
Limitation on Incorporation by Reference
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Cautionary Statement Regarding Financial Operating Data
The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of the Company. The Monthly Operating Report is limited in scope, covers a limited time period, and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Bankruptcy Court. The Monthly Operating Report was not audited or reviewed by independent accountants, was not prepared in accordance with Generally Accepted Accounting Principles in the United States, is in a format prescribed by applicable bankruptcy laws, and is subject to future adjustment and reconciliation. There can be no assurance that, from the perspective of an investor or potential investor in the Company's securities, the Monthly Operating Report is complete. The Monthly Operating Report also contains information for periods which are shorter or otherwise different from those required in the Company's reports pursuant to the Exchange Act, and such information might not be indicative of the Company's financial condition or operating results for the period that would be reflected in the Company's financial statements or in its reports pursuant to the Exchange Act. Results set forth in the Monthly Operating Report should not be viewed as indicative of future results.
Cautionary Statement Regarding Forward-Looking Statements
The information contained in this Current Report on Form 8-K includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. All statements (other than statements of historical facts) that address projected or estimated results, or events, developments or results that we intend, expect, believe, anticipate, plan, forecast or project, will or may occur in the future are forward-looking statements. The words "possible," "propose," "might," "could," "would," "projects," "plan," "forecasts," "anticipates," "expect," "intend," "believe," "seek" or "may," and similar expressions, are intended to identify forward-looking statements, but are not the exclusive means of identifying them. Forward-looking statements are subject to a number of risks, contingencies
and uncertainties, some of which our management has not yet identified. Forward-looking statements are not guarantees of future performance; subsequent developments may cause forward-looking statements to become outdated; and actual results, developments and business decisions may differ materially from those contemplated by such forward-looking statements as a result of various factors, certain (but not all) of which are discussed in the risk factors included in the Company's reports filed with the SEC including, but not limited to, their Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Important factors that could cause actual results to differ from those contemplated by forward-looking statements include, but are not limited to, the terms of the restructuring or reorganization plan ultimately implemented, the timing thereof, the related costs and expenses, and the ability of the Company to maintain normal relationships with its vendors, service providers and customers. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or circumstances, or otherwise.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Monthly Operating Report for the month ended January 31, 2010, filed with the United States Bankruptcy Court for the District of New Jersey.
Pursuant to the requirements of the Securities Exchange Act of 1934, each of the Registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 22, 2010
TRUMP ENTERTAINMENT RESORTS, INC.
By: /s/ ROBERT M. PICKUS
Name: Robert M. Pickus Title: Chief Administrative Officer and General Counsel
TRUMP ENTERTAINMENT RESORTS HOLDINGS, L.P.
By: /s/ ROBERT M. PICKUS
Name: Robert M. Pickus Title: Chief Administrative Officer and General Counsel
TRUMP ENTERTAINMENT RESORTS FUNDING, INC.
By: /s/ ROBERT M. PICKUS
Name: Robert M. Pickus Title: Chief Administrative Officer and General Counsel
http://biz.yahoo.com/e/100222/9433238-k.html
Beal Bank sues Trump creditors ahead of hearing
NEW YORK, Feb 22 (Reuters) - Beal Bank, a senior lender to Trump Entertainment Resorts (TRMPQ.PK), filed a complaint on Monday against 10 other creditors of the bankrupt casino operator, accusing them of violating an intercreditor agreement.
Stocks | Bonds | Financials
The complaint comes on the eve of a hearing in New Jersey bankruptcy court that will pit two competing plans for control of Trump Entertainment against each other.
On one side is a group of bondholders owed $1.25 billion who have the support of Donald Trump. On the other is Beal Bank and billionaire investor Carl Icahn with their own restructuring proposal.
In the complaint, Beal Bank -- which lent $500 million in financing to Trump -- said bondholders and U.S. Bank violated an intercreditor agreement by proposing an alternate reorganization plan for Trump Entertainment.
A representative for the bondholders, which includes Avenue Capital Management and OakTree Capital Management, could not be immediately reached.
A U.S. Bank representative could not be reached. U.S. Bank is the second lien collateral agent, according to the complaint.
Trump Entertainment filed for bankruptcy last February. The Atlantic City casino company has been hurt by growing regional competition for its properties as well as the slide in discretionary spending.
http://www.reuters.com/article/idUSN2221999920100223
Oh yea I am sure they will wipe out the common shareholders.
According to the paper work I recieved I don't think will matter to the commomn stock holders. From what I understand no matter which plan wins the common stock held by investors will not be honored. Did anyone else get this? Did I interpret this correctly?
Court rules Trump can vote on Icahn's buyout plan for Atlantic City casinos:
http://www.nj.com/news/index.ssf/2010/02/court_rules_trump_can_vote_on.html
Trump, Icahn locked in battle for N.J. casinos
NEW YORK (Reuters) - Celebrity real estate developer Donald Trump and investor Carl Icahn are trading jabs in court documents ahead of a face-off in bankruptcy court next week that could determine the fate of Trump's namesake Atlantic City hotel-casinos.
Deals
In documents filed late on Tuesday, Trump said Icahn could not make last-minute changes that might allow him to use the Trump brand as part of his proposed reorganization plan for Trump Entertainment Resorts (TRMPQ.PK).
Meanwhile, Icahn said that Trump and his daughter Ivanka should not be able to vote on Icahn's reorganization plan for the company, which is also backed by lender Beal Bank.
The two New York businessmen have been lining up for a battle over the Atlantic City, New Jersey, properties since the court ruled in December that each could submit his own reorganization plan.
U.S. Bankruptcy Judge Judith Wizmur is expected to hold a hearing on the competing plans in U.S. bankruptcy court in Camden, New Jersey, next week.
Trump Entertainment filed for Chapter 11 bankruptcy in February 2009. Trump is backing a plan filed by the casinos' bondholders that would give him a small stake in the company and keep his name on the casinos.
In January, Icahn bought a large chunk of the casinos' debt and, along with poker player Andrew Beal, filed a competing reorganization plan for the company. Beal also founded Plano, Texas-based Beal Bank.
At issue for Trump, who is working with the company's bondholders on his own plan to reorganize the business, is the future use of his brand name on the Trump Taj Mahal, Trump Plaza and Trump Marina.
Trump argued in court documents that Icahn has explored no other branding possibilities for the properties and should not be able to make last-minute changes to his reorganization plan that might let him use the Trump name.
"Mr. Beal has acknowledged that the Trump brand is essential to the debtors' ongoing viability," Trump's lawyers wrote in court papers. "In contrast, Mr. Trump has consistently asserted that the trademark license agreement has been terminated and, in any event, cannot be assumed without his consent."
The Trumps have argued they may have claims in excess of $100 million stemming from an alleged breach of his trademark licensing agreement with the casinos and have been seeking the right to vote on the Icahn/Beal plan. Icahn and Beal argued on Tuesday that Trump's claims are invalid and would put other creditors at a disadvantage if he and his daughter were allowed to vote.
http://www.reuters.com/article/idUSTRE61G43M20100217
Scary in a fun sort of way... I guess I'll do what I've been doing lately... Sell when I should hold and hold when I should sell. The new year has sucked for me so far
I'll let you know what I do and you do the opposite
Ouch, doesn't sound very good.
I wish I knew... We took a little dip down to .05. I got my papers about the hearing - it appears that no matter who wins (Trump or Ichan) the stock holders will loose. Think I may close my position.
Whats up with Trump entertainment? Anything good?
Trump Entertainment Hearing slated to commence tomorrow Feb 16/2010!
Trumps test Icahn
Posted: 12:32 AM, February 4, 2010
Donald Trump and daughter Ivanka Trump have asked a bankruptcy court for help in making sure billionaire rival Carl Icahn doesn't shut them out of the voting on his plan for the New Jersey casinos that bear the Trump name.<p> </p><br> Having filed $100 million worth of claims against Trump Entertainment Resorts Inc., the Trumps say they are creditors of the embattled gambling company. That entitles them to vote "no" on Icahn's plan and "yes" on the company's own competing Chapter 11 plan.<p> </p><br> A challenge to the claims could cloud the bankruptcy voting rights of former company chairman Donald Trump and Ivanka Trump, who resigned from the company's board just before its February 2009 bankruptcy filing.<p> </p><br> "To deny the Trumps the ability to vote their claims would be a perversion of essential principles of creditor suffrage," lawyers for the ex-casino chiefs wrote in papers filed Tuesday in bankruptcy court.<p> </p><br> In a preemptive move, the Trumps asked a judge to acknowledge their bankruptcy claims translate into at least $23 million worth of combined voting power when it comes to fighting a Chapter 11 outcome that puts the Trump casinos in Icahn's hands.
Donald Trump and daughter Ivanka Trump have asked a bankruptcy court for help in making sure billionaire rival Carl Icahn doesn't shut them out of the voting on his plan for the New Jersey casinos that bear the Trump name.
Having filed $100 million worth of claims against Trump Entertainment Resorts Inc., the Trumps say they are creditors of the embattled gambling company. That entitles them to vote "no" on Icahn's plan and "yes" on the company's own competing Chapter 11 plan.
A challenge to the claims could cloud the bankruptcy voting rights of former company chairman Donald Trump and Ivanka Trump, who resigned from the company's board just before its February 2009 bankruptcy filing.
"To deny the Trumps the ability to vote their claims would be a perversion of essential principles of creditor suffrage," lawyers for the ex-casino chiefs wrote in papers filed Tuesday in bankruptcy court.
In a preemptive move, the Trumps asked a judge to acknowledge their bankruptcy claims translate into at least $23 million worth of combined voting power when it comes to fighting a Chapter 11 outcome that puts the Trump casinos in Icahn's hands.
http://www.nypost.com/p/news/business/trumps_test_icahn_6lywHuiIr1B6rtUFgieZeN
Yes it should. I've noticed the daily volume doubled last week and looks to do it again this week.
Trump Entertainment Hearing slated to commence with Judge Wizmur’s on February 16, should be very interesting to say the least!
50 DMA leveling off at .10 and the average volume is up too. Like trying to turn an aircraft carrier
Icahn makes winning bid for bankrupt Fontainebleau - This may definitely make has cash flow a little tougher for Trump Casino's.
Aside from the actual purchase I have heard alot more money needs to be spent on the bankrupt Fontainebleau to make it viable going forward! I think he has means and know how to make it work but again it will put pressure on his financial position either way.
http://www.reuters.com/article/idCNN2015881120100120?rpc=44
I guess time will tell both how it affects him with that casino as well as his ability to push more into his combined Trump bid! I think it will have affect on both his outlook as well as his position and want to do so.
Just my thought! Good Luck to everyone!
I would think so! He also has alot of other things on the go as well does as Icahn!
Beal lost his 1.1 billion IRS lawsuit/claim maybe he'll have to rethink the Trump takeover...
Should be interesting... Trump may want to make a reality show of it! I'm in with 10K at 0.081 now I'll 'hide' the line item and take a peek in May...LOL
Followers
|
9
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
425
|
Created
|
07/20/06
|
Type
|
Free
|
Moderators |
Trump Entertainment Resorts Inc.
1000 Boardwalk
Atlantic City, NJ 08401
Phone: 609-449-6515
Fax: 212-688-0397
Web Site: http://www.trump.com
Web Site: http://www.trumptaj.com
Web Site: http://www.trumpplaza.comWeb Site: http://www.trumpmarina.com
Trump Entertainment Resorts, Inc. owns and operates Trump Taj Mahal, Trump Plaza and Trump Marina, the only three resorts in Atlantic City to have earned the prestigious Five Star Diamond award. With more than 3,600 rooms, 365 gaming tables, and 7,700 slot machines, Trump Resorts truly offers Atlantic City visitors "unabashed luxury". Employing more than 9,000 employees.
Trump Entertainment Resorts, Inc., a gaming company, engages in the ownership, operation, and management of casino hotel properties in the United States. It offers slot machines and various table games, including poker. The company’s casino hotels also provide amenities and services, which include ballrooms, conference space, prefunction area space, a cabaret theater, cocktail lounges, restaurants, player clubs, health spas, indoor pools, and retail outlets. Trump Entertainment Resorts operates four casino properties, which include Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino, located on the Boardwalk in Atlantic City, New Jersey; Trump Marina Hotel Casino, located in Atlantic City's Marina District; and the Trump Casino Hotel, a riverboat casino located in Gary, Indiana. The company’s properties together comprise approximately 371,300 square feet of gaming space and 3,180 hotel rooms and suites. The company was formed in 1995 and was formerly known as Trump Hotels & Casino Resorts, Inc. It changed its name to Trump Entertainment Resorts, Inc. in May 2005. Trump Entertainment Resorts is based in Atlantic City, New Jersey.
On April 2, 1990, Donald J. Trump unveiled the Trump TAJ Mahal Casino Resort. Unprecedented in craftsmanship and opulence, the awe-inspiring architectural masterpiece is filled with the finest carpets, chandeliers and works of art in the tradition of the world's most grand and enchanting palaces. Among the billion dollar property's most remarkable statistics:
* One of the largest casinos in the world, with slot machines, gaming tables, poker tables and a state-of-the-art simulcast facility.
* $14 million worth of German crystal chandeliers, including 245,000 piece chandeliers in the casino alone, each valued at a cost of $250,000, and taking over 20 hours to hang.
* 4 1/2 times more steel than the Eiffel Tower.
* If laid end to end, the building support pilings would stretch the 62 miles from Atlantic City to Philadelphia.
* $4 million in uniforms and costumes outfit over 6,000 employees.
* A city within a city, the world's most elegant and expansive themed suites with magnificent ocean views, individual spas, butler service and the private, bi-level Maharajah Club for intimate gatherings, light dining, reading and relaxation.
* 1,250 guest rooms, including 237 suites are housed in the hotel tower.
* From the 51st floor, at 429 feet above sea level, you are standing atop one of the tallest man-made structures in New Jersey.
* At approximately 4,500 square feet, the Alexander the Great Suite is the ultimate residence with its own steam room, sauna, weight room, bar, lounge, living room, pantry, master bedroom and one guest room. Cost for one night: $10,000.
* Three additional check-in areas can be found throughout the resort: the concierge-style VIP Services in the main lobby; the motor coach terminal and the convention registration desk on the second floor.
* 70 colorful minarets adorn the roof-tops.
* Seven, two ton elephants of carved stone greet visitors of the Trump TAJ Mahal.
* An entire two-year output of Northern Italy's Carrera marble quarries-the marble of choice for all of Michelangelo's art-adorn the hotel's lobby, guest rooms, casino, hallways and public areas.
* Nine restaurants can accommodate 3,000 diners at any given time. That number increases if all the banquet facilities are fully utilized.
* 140,000 square feet of convention and exhibit space, including 22 meeting rooms and three ballrooms, the largest measuring 30,000 square feet.
* The 63,000 square foot Mark G. Etess Arena can accommodate up to 325, 8' x 10' exhibition booths. The arena can also seat over 5,000 people for concerts and sporting events.
* A state-of-the-art Health Club and Fitness Center with a near Olympic-sized indoor pool. The spa also offers Jacuzzi, steam baths, tanning booths and sundecks.
* The motor coach terminal can accommodate 22 full-size buses.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |