Trump casinos get 4th extension

Feb 12, 2009 7:42 PM
Staff & Wire Reports |

Trump Entertainment Resorts and its bondholders have agreed to extend a deadline to restructure $1.25 billion in debt.

Wednesday's extension was the fourth since December.

The sides now have until Feb. 17 to strike a deal. If they can't, securities analysts expect the company will have no choice but to file for Chapter 11 bankruptcy protection.

Trump's three Atlantic City casinos have already been through bankruptcy twice before.

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