Trump enters exclusive talks

Trump Entertainment Resorts Inc. is negotiating a sale of the company's three Atlantic City casinos exclusively with an investment group led by former casino executive Dennis Gomes and real estate developer Morris Bailey, the Newark Star-Ledger reported Monday. TER executive vice president John P. Burke declined comment when reached on Monday. In the report, Trump said the odds of completing the deal to sell the Trump Plaza, Trump Marina and the Trump Taj Mahal are about "50-50." The Star-Ledger also reported that Trump fired TER chief executive Jim Perry on Friday, after Perry was the only member on the board to vote against the would-be deal. Perry had been CEO since TER emerged from Chapter 11 protection in May 2005. —John Blakeley

See story from the Newark Star-Ledger
See profile from Auction Block (subscription required)

Deal Video

	Inside The Deal: AlixPartners' Steve Deedy on Black Friday, the holiday season and retail bankruptcies.
More video...

Elsewhere on The Deal.com

Dealwatch

• Confectioners: Cadbury, Hershey, more
• Airline consolidation, bankruptcy
• AIG Inc.
• AOL

The Deal Magazine

• The kids are all right
• The search for auspiciousness
• Be true to your school
• Waiting to exhale

Corporate Dealmaker

• In videogame war, Sony needs content deals
• Deal Economy 2010: Abbott's Murphy on healthcare M&A
• Deal Economy 2010: Biggest risks to GM
• Wharton's take on an M&A revival

The Deal Video

• Deal Economy 2010: GE's O'Brien on M&A strategy
• Deal Economy 2010: Young on QBs as PE investors
• Deal Economy 2010: Cisco's Hooper on Tandberg pursuit
• Deal Economy 2010: IBM's Mendoza on IT services M&A

Categories

• Bankruptcy
• Corporate restructuring
• Deal international
• Dealmakers
• Featured
• IPOs
• M&A
• Middle market
• Law & regulation
• Private capital
• Conferences
• Technology

Blog roll

• BloggingBuyouts
• BloggingStocks
• Dealbook
• DealBreaker
• Deal Journal
• FT Alphaville
• footnoted.org
• Going Private
• peHUB
• Reuters Dealzone
• SEC Investor
• Prince Of Wall Street
• Bankruptcy Bill
• Information Arbitrage

Archives

• November 2009
• October 2009
• September 2009
• August 2009
• July 2009
• June 2009
• May 2009
• April 2009
• March 2009
• February 2009
• January 2009
• December 2008
• November 2008
• October 2008
• September 2008
• August 2008
• July 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008
• January 2008
• December 2007
• November 2007
• October 2007
• September 2007
• August 2007
• July 2007
• June 2007
• May 2007
• April 2007
• March 2007
• February 2007
• January 2007
• December 2006
• November 2006
• October 2006
• September 2006
• August 2006
• July 2006
• June 2006
• May 2006
• April 2006
• March 2006
• February 2006
• January 2006
• December 2005