Donald Trump Seeks to Buy Back Trump Entertainment Resorts Inc.
Does Donald Trump keep still for more than five minutes? He’s into network marketing, hotels, casinos, golf courses, TV shows. He has filed for bankruptcy, and keeps coming out of it. Now he is trying to buy back Trump Entertainment Resorts Inc. (TRMPQ) out of bankruptcy, There is competition though, as Trump Entertainment has said that the board is weighing Trump’s bid and a competing offer from bondholders. Some investors are losing patience with Trump Entertainment due it having a heavy debt load, along with fierce regional competition. I guess Trump’s billions just aren’t enough, and he is seeking to further expand his empire any way he can.