Bondholders raise offer for Trump casinos to $225 million
By WAYNE PARRY
Associated Press Writer
Published: October 7, 2009
Published: October 7, 2009
ATLANTIC CITY, N.J. — Bondholders battling Donald Trump for control of Trump Entertainment Resorts’ three Atlantic City casinos have raised their offer to $225 million.
That’s well in excess of what the real estate mogul and reality TV star has offered to regain the gambling company he once ran.
Bondholders attorney Kris Hansen said Wednesday his clients have added $50 million to their $175 million offer.
No word yet if Trump plans to increase his $100 million offer, which is being made with his daughter Ivanka and Dallas-based Beal Bank.
A bankruptcy court judge in Camden is scheduled to consider both offers Wednesday.
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