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Trump Casinos No Longer For Sale

Posted By Bill Hash | Tuesday, July 3, 2007 - 06:59
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Donald Trump has withdrawn his offer to sell his casinos in Atlantic City.

Four months of negotiations have failed to close known offers by Dune Capital management and more recently Dennis Gomes.

As has been previously mentioned, there was a two week opening available for Gomes and his partner, Morris Bailey, to close a deal. That window passed last week.

Trump Resorts had employed Merrill Lynch to help explore the possibility of a sale.

Company spokesmen today stated that all offers have been considered and none were beneficial for the corporation or the stockholders. Options will be kept open.


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