The Trump Entertainment Resorts Inc is a holding company independently managed by its own casinos and hotels in Atlantic City. Ever since the company went public it was known as Trump Hotels & Casino Resorts, however had become a separate entity and was solely owned by Donald Trump. In 2004 the company made concerted efforts to restructure its debt in the midst of speculation that it may file for bankruptcy. The Credit Suisse First Boston had been approached to rescue the company from the Doldrums but the efforts proved futile as the bond holders rejected the arrangement.
In October 2004 the company announced that initial rounds of talks were being held with their investors and in all probability they would sign up an agreement. As a result of the agreement, Trump who was the majority owner would reduce his stock ownership to 27percent from the existing 56 percent, and bond holders would give up some of their debit in exchange for stock.
In the same month it was announced that Morgan Stanley would help finance $500 million as part of the restructuring efforts. Despite all efforts the company filed for bankruptcy in November 2004, but Trump had mentioned that this was the best way for the restructuring plan to be implemented, and filing under chapter 11 was just a technical thing which was inevitable he claimed.
In 2007 the company attempted to negotiate a buyout with several public and private firms, but was unsuccessful as they could not reach a deal with any company and had to lay off employees in order to cut costs.
In February 2009 the company again filed for bankruptcy under Chapter 11 along with nine affiliates which included Trump Plaza Associates, Trump Marina Associates, and Trump Taj Mahal Associates. In August 2009 Donald J Trump and Beal Bank Nevada announced that they had offered to buy Trump Entertainment Resort for $100 million.
The Trump International Group has been going through ups and downs over the past years but have weathered the storm and emerged victorious. Their luxury casino chain of hotels is regarded as landmarks and The Trump lifestyle is truly unique second to none proving that Donald Trump and Las Vegas are a perfect fit!
Some of the exclusive hotels and casinos belonging to this renowned group are listed below with a brief description on each.
Trump Marina Hotel & Casino
Atlantic City, New Jersey 08401
Trump Marina is picturesquely located in the bayside of Atlantic City and overlooks the magnificent Senator Frank S Farley State Marina. The hotel walls are covered with marble, trimmed with chrome and illuminated with many small lights. The hotel houses seven restaurants which serve sumptuous and delectable food and your taste buds are in for a treat! The unique Shell showroom hosts superstar performances while ‘The Wave’ offers all the music and entertainment you look for at a hotel and casino.
The health club and spa are incredible and have all the latest cardio-vascular equipment to keep you fighting fit. The hotel has 571 guest rooms, 60 bay tower suites and 97 crystal towers suites, there is also a dance club, a colossal ball room, a recreation deck and a sprawling 50,000sq ft of meeting and convention area. The hotel has won the five star diamond award from the American Academy of Hospitality Sciences.
The Casino is spread over 80,000 sq ft and offers gambling games like ‘00’ roulette, baccarat, blackjack, craps and the poker varieties of Texas Hold’em, Let it Ride and Pai Gow Poker for those gambling fans. The casino works 24/7, 365 days of the year and has its doors perpetually open to those who want to pamper themselves and enjoy the best that a hotel and casino can ever offer!
Trump Plaza Casino Hotel, Atlantic City, New Jersey
2225, Boardwalk and Mississippi Avenue
Atlantic City, New Jersey 08401
The Trump Plaza Casino Hotel is another of the Trump’s exclusive group of hotels and casinos and has a number of different room styles and features a wealth of amenities to ensure that you have a memorable stay. The high tech internet services facilitate those who want to mix business with pleasure and probably work at intervals from their rooms. Those looking to relax have all the opportunities while the casino game fans can play exciting games of roulette , baccarat, blackjack, craps and variations of poker, at the awesome casino spread over 60,000 sq ft.
The rooms and suites are tastefully designed and the color scheme and interiors are of superb quality and style. This exclusive hotel and casino offers all the excitement and thrill you are seeking whether you are a casino enthusiast or an entertainment fan. The in-house restaurants serve delicious food and the health club and spa take care of those extra pounds!
Trump Taj Mahal
1000 Boardwalk at Virginia Avenue
Atlantic City, New Jersey 08401
This splendid hotel and casino belonging to the Trump Group has five star restaurants and a casino which features over 3,000 slot machines. If you are a table game fan there are nearly 210 games to choose from and the gaming area is spread over 158,500 sq ft which is truly incredible!
The suites and rooms are superbly designed and the interiors and color scheme truly awesome. The health club and spa are superbly run while the Pent House Suites are the talk of the town. The Trump Taj Mahal was voted the best casino by the Casino Player magazine and is one among the best of Trump’s chain of hotels and casinos.
Trump Hotel Las Vegas
2000, fashion show drive
Las Vegas, NV 89109
This unique hotel is a 65 storey gilded tower and houses 1200 suites. The tower is coated with 24 carat gold and is a spectacular sight. The hotel does not have a casino but there are other forms of entertainment like the malls and the retail stores. The rooms have superior interiors and the antique furniture adds to the awesome settings.
The restaurants are many serving sumptuous food and offering various cuisines. The 10,000sq ft spa and the 1,500 sq ft fitness centre cater to those who are weight conscious and offer a relaxing and rejuvenating experience.
Donald Trump and luxury are synonymous and if you get an opportunity to visit Las Vegas remember to visit the Trump Casinos which are a life time experience.
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