Sunday, December 6, 2009

Beal Bank makes its own bid for 3 Trump casinos

ATLANTIC CITY, N.J. — A Dallas bank that was once allied with Donald Trump in a bid to buy the three Atlantic City Trump casinos out of bankruptcy protection now wants to buy them on its own.

Beal Bank offered Wednesday to convert its $486 million loan to the casinos into equity in Trump Entertainment Resorts.

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