In recent weeks, the Tropicana Casino and Resort was sold for $200 million of deeply discounted debt. This week, Donald Trump, his daughter Ivanka and Dallas-based Beal Bank reached a deal to pay $100 million for all three casinos owned by Trump Entertainment Resorts, subject to bankruptcy court approval.
The sales are yet another symptom of the woes facing the casino industry nationwide.
Atlantic City and Las Vegas have been hard hit by the economic downturn, which has led gamblers to keep a tight rein on their wallets.
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http://finance.yahoo.com/news/Distressed-NJ-casinos-selling-apf-927501296.html?x=0&.v=1
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