Trump Entertainment Resorts seeks three-month exclusivity extension

By Jennifer Lanning Drey

Portland, Ore., May 28 - Trump Entertainment Resorts, Inc. requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the District of New Jersey.

Trump wants to extend the exclusive plan-filing period to Sept. 15 from June 17 and the solicitation period by 90 days to Nov. 14.

The company said since filing for bankruptcy it has spent much of its time compiling information for entities that have expressed interest in investing in the Atlantic City Casino market.

Trump said it has made significant progress toward formulating a plan that will result in the emergence of a business that will not need further restructuring.

However, additional time is necessary to complete negotiations with interested constituencies, the company said.

Trump Entertainment Resorts is an Atlantic City-based owner and operator of three casino resort properties. Its Chapter 11 case number is 09-13654.

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