Margaritaville Not Dead In Atlantic City
Still dealing with bankruptcy, Trump Resorts in Atlantic City is reconsidering the possibility of selling Trump marina.
In testimony Wednesday, Trump Entertainment’s financial adviser said Trump Marina’s sale would help stabilize the company amid declining revenue and lower earnings projections. He predicted a deal with Fields would be completed by the end of 2011, if not sooner.
“It is our strong belief that the Marina will be sold,” said Andrew Yearley, managing director at Lazard Freres & Co. “They will find a way to sell that asset. There is a legitimate buyer out there.”
This could also still be an option that Carl Icahn had in mind if he wins the battle for the Trump casinos. The article also mentions that if Icahn were to get control of Trump casinos that he would keep Taj Mahal and try to sell Trump Marina and Trump Plaza.
There is hopes for the Parrotheads after all! Now, things get interesting.
