Tuesday, August 10, 2010

Trump Entertainment May Seek Hotel Partner to Upgrade Plaza

Trump Entertainment Resorts Inc., the Atlantic City casino company that emerged from bankruptcy last month, said it may seek a hotel partner to renovate the Trump Plaza Hotel & Casino.

“One of the options is a joint venture, where we would probably donate the real estate,” Chief Executive Officer Mark Juliano said in an interview. The partner would “pump capital into the existing property, to both renovate it and add a new room tower,” he said.

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