The reorganization plan of winning card Hotels & Casino Resorts was approved.

The reorganization plan of winning card Hotels & Casino Resorts was approved. The company plans to rise this month as Trump Entertainment Resorts. The plan calls for an about $400-million reduction in the company's fault with a reduced interest rate of 85 percent The plan permits a working capital facility of up to $500 million secur from a lien on the company's assets, which will allow it to refurbish and expand its properties and take down new markets.

Compiled from Elaine Simon, esimon@advanstar.com

...

Home