E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/20/2010 in the Prospect News Distressed Debt Daily.

Trump Entertainment records $10.27 million December operating loss

By Caroline Salls

Pittsburgh, Jan. 20 - Trump Entertainment Resorts Inc. posted a $10.27 million operating loss for December on $66.03 million in revenues, according to its monthly operating report filed Wednesday with the Securities and Exchange Commission.

The figures showed a decline from the $53,000 operating profit reported for November on $77.86 million in revenues.

The net loss for December was $13.6 million, widening from a $5.78 million November net loss.

Trump had $66.08 million in cash and cash equivalents at Dec. 31, down from $77.65 million at the end of November.

Trump Entertainment Resorts, an Atlantic City-based owner and operator of three casino resort properties, filed for bankruptcy on Feb. 17, 2009 in the U.S. Bankruptcy Court for the District of New Jersey. Its Chapter 11 case number is 09-13654.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.