07 Oct 2009

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$225m offer for Trump Casinos

Atlantic City - Bondholders battling Donald Trump for control of Trump Entertainment Resorts' three Atlantic City casinos have raised their offer to $225m.

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 $50m to their $175m offer.

No word yet if Trump plans to increase his $100m 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 on Wednesday.

- AP

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