Bailout plan shelved for Donald Trump&#39;s casinos
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ATLANTIC CITY, NJ Donald Trump is trying to make a deal after the proposed bailout of his cash-strapped casino company was shelved by &quot;mutual agreement.
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Donald Trump may be the 74th-richest man in America and owner of more than half of Trump Hotels &amp; Casino Resorts (DJTC). But that didn&#39;t stop the company from filing for Chapter 11 bankruptcy protection on Sunday.
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Will this be a lucky bet? In a new effort to stave bankruptcy, struggling Trump Hotels and Casino Resorts (otc: DJTC - news - people ) plans to restructure its $1.
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Casino operator Trump Entertainment  Resorts Inc. said on Monday it did not reach a deal with  potential acquirers and has ended discussions to sell itself,  sending its shares down 14 percent.
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Donald Trump&#39;s flagship casino business yesterday filed for bankruptcy as part of a financial restructuring aimed at easing $1.8bn (Â£1m) debt.
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Donald Trump&#39;s Trump Hotels &amp; Casino Resorts Inc. said a majority of its bondholders agreed to a restructuring to cut the casino company&#39;s debt by $400 million.
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NEW YORK -- Billionaire investor Kirk Kerkorian abandoned efforts to buy two of MGM Mirage's Las Vegas casino complexes after the company disclosed plans to build another resort in the city. MGM shares fell $5.90, or 6.8 percent, to $80.60, the biggest drop in 10 months.
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ATLANTIC CITY, NJ-Donald Trump will retain the position of chairman and CEO at Trump Hotels &amp; Casino Resorts as part of the complex restructuring of the company.
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The Topps Company has postponed a shareholder vote on a proposed $384.5 million buyout from a group led by Michael D. Eisner, the former Walt Disney Company chief executive, giving investors more time to consider the offer.
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Donald Trump&#39;s Trump Hotels &amp; Casino Resorts Inc. said it has ended talks with Credit Suisse First Boston&#39;s private-equity unit, which had planned to invest $400 million in equity and become the majority shareholder.
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Trump Hotels & Casino Resorts Inc., which has been on the brink of bankruptcy, said on Thursday that a majority of bondholders have approved a debt restructuring plan that will allow Donald Trump to remain the company's chairman and chief executive officer.
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Trump Hotels and Casino Resorts Inc., struggling to stave off a bankruptcy filing, has reached a preliminary agreement with investors to restructure $1.
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A Las Vegas company that recently opened a casino in Macau said Wednesday it has proposed a resort development on a nearby Chinese island, but without any casinos because they are illegal in the mainland.
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Trump Hotels and Casino Resorts Inc., the flagship of Donald J. Trump's faltering casino holdings, said that a recently announced deal to inject fresh money into the debt-laden concern had fallen apart.
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An internet casino operator said it is offering Donald Trump $US400 million ($561.25 million) for a stake in his ailing casino company.
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Trump Hotels and Casino Resorts Inc. (DJTC.OB: Quote, Profile, Research) , trying to restructure $1.8 billion in debt, said late Wednesday that it and DLJ Merchant
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ATLANTIC CITY, NJ-In early August, Trump Hotels &amp; Casinos announced it had struck a deal with DLJ Merchant Banking Partners for an infusion of cash to reduce Trumpâs debt and restructure the company through bankruptcy proceedings.