Trump posts negative $5.27 million of EBITDA for January; revenue up

By Caroline Salls

Pittsburgh, Feb. 26 – Trump Entertainment Resorts, Inc. reported negative $5.27 million of EBITDA for January on net revenue of $11.11 million, according to its monthly operating report filed Feb. 26 with the U.S. Bankruptcy Court for the District of Delaware.

Those figures showed improvement over the negative $12.58 million of EBITDA posted for December on net revenue of $9.08 million.

The net loss for January was $9.52 million, growing from a $9.49 million December net loss.

The company had $15.7 million in cash and cash equivalents as of Jan. 31, down from $19.83 million at the end of December.

Trump Entertainment Resorts, an Atlantic City-based owner and operator of casino resort properties, filed for bankruptcy on Sept. 9. The Chapter 11 case number is 14-12103.

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