New Jersey Regulators Clear Trump Casinos To Exit Chapter 11

July 14, 2010 – In The News
Dow Jones Daily Bankruptcy Review

New Jersey gambling regulators have cleared Trump Entertainment Resorts Inc. from bankruptcy in a hearing before the New Jersey Casino Control Commission.

Nicholas Casiello, who represented Trump Entertainment, said the Chapter 11 balance sheet shakeup will reduce the debt of the company dramatically. He felt the company will have the best capital structure it has ever had in addition to a cash cushion from the rights offering.