Trump Bought Out of Tribe Casino
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The Twenty Nine Palms Band of Mission Indians is buying Donald Trump out of its casino.
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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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A month after a previous deal fell apart, Donald Trump announced a plan yesterday that he hopes will give his casino company a second act and make it a contender in Atlantic City once again.
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The casino operator will be purchased by publicly traded investment company Fortress Investment Group and private equity firm Centerbridge Partners in an all-cash transaction.
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Deals with Native American tribes boost further expansion of gaming in the state.
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The board of the world's largest casino operator, Harrah's Entertainment Inc., has accepted a $17.1-billion buyout bid from private equity groups Apollo Management and Texas Pacific Group.
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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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The family that helped create the Pequot tribeâs casino wealth says it has been cast aside.
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Donald Trump's casino operations filed for bankruptcy on Sunday in a long-expected move that would allow the real estate maverick to restructure the company's debt and overhaul its aging casinos.
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NEW YORK : US real estate magnate Donald Trump, whose celebrity has grown with his popular television show, filed Monday for bankruptcy protection for his casinos, which are struggling under 1.8 billion dollars in debt.
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Harrahâs, the worldâs largest casino company, was near a deal last night to be sold to Apollo Group and Texas Pacific Group.
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With Gov. Eliot Spitzerâs backing, plans to build a $600 million casino for the St. Regis Mohawk tribe took a major step forward.
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The Hard Rock Cafe chain of restaurants is to be sold to the Seminole Tribe of Florida, a Native American group, for 965 million dollars (724 million euros), current owners Rank announced.
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NEW YORK: First the board room, now the board game. At his Fifth Avenue Tower, Donald Trump unveiled his newest business venture: a new board game with high stakes dealmaking and dollar sums in the billions.
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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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Trump Hotels & Casino Resorts on Monday said it has begun to recapitalize after a bankruptcy filing Sunday night that would allow the company to restructure debt and overhaul aging casinos.
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Britain's Rank Group  has agreed to sell its Hard Rock cafe and casino business for $965 million to the native American Seminole Tribe of Florida, which already makes 90 percent of its revenues from gambling.