Profiles
Donald Trump Cafes Property
A local New York restaurant that saw business drop off as Occupy Wall Street protests erupted nearby has finally shut its doors — and will be taken over by the ultimate 1 percenter, Donald Trump.
The real-estate magnate, who owns the building at 40 Wall Street, where Milk Street Cafe was located, has retained the restaurant hall for “pennies on the dollar,” according to a source close to the deal, and will turn the all-kosher cafe into a Trump Street Bar & Grille.
In early November, Marc Epstein, owner of Milk Street, which had moved into the space in June, claimed that metal barricades police had erected in response to the nearby Occupy Wall Street protests were impeding access to his cafe’s front door. Amid slumping sales, Epstein was forced to lay off 21 of the restaurant’s 120 workers. Though police ultimately removed the barricades in front of the cafe, the barricades on the street remained, creating a “siege mentality” that continued to hurt foot traffic, Epstein said.
Monday, January 9, 2012
Wednesday, December 28, 2011
Saturday, November 19, 2011
Is the “Real Donald Trump” Real? - 18th November 2011
Profiles
Donald Trump Trump Entertainment Television Property
Donald Trump owns hotels, hosts a TV show, and occasionally almost runs for president. But today he has taken multi-tasking to a whole new level. While sitting in the audience of “Live with Regis and Kelly,” for the heartfelt final show in the long career of Regis Philbin, Trump sent a tweet from his account “@RealDonaldTrump.” Or at least there was a tweet sent from his account.
As with many of his tweets these days it was political in nature, about the healthcare debate: “Regardless of the USC’s ruling, ObamaCare can only be defeated politically. It must be legislatively repealed or America will go bankrupt.”
The tweet was sent at 9:57am, at the very moment when Philbin, an old and dear friend of Trump, was speaking on camera with his final thoughts on his career, and the show he was leaving behind. Trump was seated in the audience along with celebrities John McEnroe, Alan Alda, Tony Danza, and ABC’s very own Diane Sawyer, Katie Couric, Robin Roberts and Sam Champion. During the show, the camera fell on Trump several times, but it wasn’t on him at the moment this tweet was sent.
It’s unclear whether he snuck out of the Regis farewell to tweet about health care, was tweeting from the audience while Regis was saying goodbye, or maybe the @RealDonaldTrump isn’t quite as real as advertised.
Many celebrities have others tweet for them. Trump aides reached for comment did not know the timing or genesis of this tweet. (Credit: ABC News)
Profiles
Donald Trump Trump Entertainment Television Property
Donald Trump Trump Entertainment Television Property
Donald Trump owns hotels, hosts a TV show, and occasionally almost runs for president. But today he has taken multi-tasking to a whole new level. While sitting in the audience of “Live with Regis and Kelly,” for the heartfelt final show in the long career of Regis Philbin, Trump sent a tweet from his account “@RealDonaldTrump.” Or at least there was a tweet sent from his account.
As with many of his tweets these days it was political in nature, about the healthcare debate: “Regardless of the USC’s ruling, ObamaCare can only be defeated politically. It must be legislatively repealed or America will go bankrupt.”
The tweet was sent at 9:57am, at the very moment when Philbin, an old and dear friend of Trump, was speaking on camera with his final thoughts on his career, and the show he was leaving behind. Trump was seated in the audience along with celebrities John McEnroe, Alan Alda, Tony Danza, and ABC’s very own Diane Sawyer, Katie Couric, Robin Roberts and Sam Champion. During the show, the camera fell on Trump several times, but it wasn’t on him at the moment this tweet was sent.
It’s unclear whether he snuck out of the Regis farewell to tweet about health care, was tweeting from the audience while Regis was saying goodbye, or maybe the @RealDonaldTrump isn’t quite as real as advertised.
Many celebrities have others tweet for them. Trump aides reached for comment did not know the timing or genesis of this tweet. (Credit: ABC News)
Profiles
Donald Trump Trump Entertainment Television Property
Saturday, October 22, 2011
Donald Trump Teams With Avenue’s Lasry in Online Gaming Venture; Casino And Poker Push - 20th October 2011
Profiles
Donald Trump Trump Entertainment Resorts World Casino Directory Global Gaming Directory Games Casino Slots Casinos United States Las Vegas
Donald Trump has witnessed too much money side slipping him, and he's hoping that situation changes soon.
The real estate, gaming and entertainment giant, and founder of an Atlantic City casino company says the US should legalize internet gambling. The company that bears his name, Trump Entertainment Resorts, is moving forward with plans to establish an online betting venture... just as soon as it is legal to do so.
The company says it wants to get in on the ground floor of the internet gambling industry, and is close to selecting a joint venture partner to run an online gambling operation. The idea is to be well-placed and ready to go as soon as such activity is legalized in the United States.
"It should be approved here," Trump told news media. "An awful lot of money is leaving the U.S. that should and could stay in this country."
Trump Entertainment, which includes Donald Trump and daughter, Ivanka, and the Avenue Capital hedge fund, would own 10% of the new business venture.
Donald Trump advised the key to success in the online gambling market is having the best brand.
"We think we have the hottest brand there is, the Trump brand, my personal brand," he said. "We think it's going to do phenomenally well."
Donald Trump and New York hedge-fund manager Marc Lasry want a seat at the virtual poker table if online gambling is legalized in the U.S.
The real estate financier, Lasry’s Avenue Capital Group and casino operator Trump Entertainment Resorts Inc. will form an Internet gaming joint venture should U.S. regulators permit such businesses to operate, according to an Oct. 14 regulatory filing. Trump Entertainment, which Avenue Capital took control of last year, would own 10% of the venture, the company said in its filing. It didn’t disclose the stakes to be held by Trump or Lasry’s $12 billion hedge fund.
The agreement coincides with a push to legalize online gambling by states including Iowa and New Jersey, where Trump Entertainment is based and holds casino licenses. The $6 billion that Americans wager each year through offshore sites is tempting state authorities who face budget deficits, as well as casino companies looking for new sources of growth.
"It’s just a matter of time," Ivanka Trump, Donald’s daughter, said in a telephone interview. "It would be a tremendous source of taxable revenue for states or the federal government and an enormous generator of jobs," said Ivanka, executive vice president of development and acquisitions for the Trump Organization, the New York-based parent company of Donald’s real estate operations.
2010 Bankruptcy
Todd Fogarty, a spokesman for Avenue Capital, declined to comment, as did Brian Cahill, a representative for Trump Entertainment. Lasry, 52, is chairman of the company, which operates the Trump Taj Mahal Resort and the Trump Plaza Hotel & Casino in its hometown of Atlantic City, New Jersey. It sold Trump Marina Hotel Casino earlier this year.
The agreement by Trump Entertainment, Donald Trump and Avenue Capital restricts all three parties from going after competing proposals through May, according to the filing with the U.S. Securities and Exchange Commission.
Trump Entertainment, which emerged from bankruptcy in July 2010, said in the filing that the joint venture represented "the most advantageous way" to pursue online gaming "at minimal cost" to the company. "One or more other qualified parties" may also participate in the venture, according to the filing.
Ivanka Trump, 29, said that the joint venture is “positioning itself” to be the largest online gaming company if the industry is legalized in the U.S. She added that Trump Entertainment had the necessary licenses, while Lasry’s firm would provide the capital and her father would contribute his name to the venture.
Expensive Proposition
"In terms of the Internet, brand is essential toward attracting players," Ivanka said. "The Trump brand would be the most powerful one in this space."
Setting up an Internet gaming site can be capital intensive, according to Richard “Skip” Bronson, chairman of U.S. Digital Gaming Inc., a Beverly Hills, California, company that has created a technology platform for Internet wagering. While the cost of creating a site is relatively low, online gaming companies must spend heavily to make themselves known and bring in bettors.
"The question is how will you get people to come to the site," Bronson said in a telephone interview. "It takes unique promotions and significant marketing spend."
Trump Entertainment Reorganization
The online gaming industry received a jolt in April, when the U.S. Justice Department indicted the founders of three Internet poker companies, alleging that they circumvented a 2006 federal law barring banks from processing payments to offshore gambling websites. The companies -- PokerStars, Full Tilt Poker, and Absolute Poker -- ranked as the leading online poker sites doing business with U.S. customers, even though they were all based outside the country.
Following the indictments, Caesars Entertainment Corp. and MGM Resorts International, a pair of Las Vegas-based casino companies, funded an advocacy group called FairPlay USA. The group is pushing for the legalization of online poker and revisions to the 2006 law, known as the Unlawful Internet Gambling Enforcement Act.
At least a half dozen states have bills pending tied to the legalization of online gaming, Bronson said, and another six to 10 are studying the issue. He predicts that online gaming will follow the same pattern as state lotteries, which were first adopted in 1964 by New Hampshire and are now offered in 43 states.
‘Domino Effect’
"There will be a domino effect, the same way lotteries started in the 1960s," Bronson said. Under the 2006 federal law, Internet poker sites established in states that legalize online wagering could only accept bets placed within those states, Bronson added.
Lasry, a billionaire investor who specializes in distressed debt, was part of a bondholder group that won control of Trump Entertainment last year when a bankruptcy judge ruled that their bid for the casino company was better than a competing offer from Carl Icahn. The bondholders offered to reduce the company’s debt by $1.4 billion and invest another $225 million, while Icahn sought to convert some $480 million of bank debt into equity, leaving nothing for Lasry’s group.
Under the winning plan, Avenue Capital acquired about a 22 percent stake in Trump Entertainment by swapping the casino company’s beaten-down bonds for stock and purchasing additional shares through a rights offering. Trump, who joined Lasry and the other bondholders after originally submitting a competing proposal with billionaire Andy Beal, received a 10 percent stake in the company for the right to use his name.
Three’s A Charm
Trump, 65, entered the casino business in 1984 with the Trump Plaza, and in 1990 defaulted on $675 million in junk bonds from his Taj Mahal casino and declared bankruptcy. Following the bankruptcy reorganization, he took the company public in 1995 as Trump Hotels & Casino Resorts Inc.
Trump Hotels & Casino filed for bankruptcy protection in November 2004. When the second bankruptcy proceeding was completed the following year, Trump stepped down as chief executive officer while retaining his role as chairman, and the company was renamed Trump Entertainment Resorts.
Just before the casino company made its third bankruptcy filing, in February 2009, Trump stepped down as chairman and Ivanka also left the board. At the time, he held a 24 percent stake in Trump Entertainment.
Lasry has hosted high-stakes poker games in which the take can be as high as $20,000, according to "Hedge Hunters," a 2007 book by Bloomberg News reporter Katherine Burton. He is one of several hedge-fund managers who are also poker buffs, including David Einhorn, head of Greenlight Capital Inc., Cliff Asness, chief of AQR Capital Management LLC and Kenneth Griffin, founder of Citadel LLC.
Just a few online gaming companies that are understood to be interested in coming to business terms with Trump include Bwin.Party Digital Entertainment, Richard Branson's Virgin Games and PKR. Most experts see Bwin.Party as the best bet, as they don't have any outstanding issues with the US Department of Justice, and have been playing by the rules (law) for many years, while other gambling companies continue to go after U.S players.
Internet gambling is legal in many countries, with the U.S being a glaring exception.
Media Man is following up.
Profiles
Donald Trump Trump Entertainment Resorts World Casino Directory Global Gaming Directory Games Casino Slots Casinos United States Las Vegas
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Trump.com
Trump Entertainment Resorts
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Media Man Entertainment
Casino News Media
Global Gaming Directory
Donald Trump Trump Entertainment Resorts World Casino Directory Global Gaming Directory Games Casino Slots Casinos United States Las Vegas
Donald Trump has witnessed too much money side slipping him, and he's hoping that situation changes soon.
The real estate, gaming and entertainment giant, and founder of an Atlantic City casino company says the US should legalize internet gambling. The company that bears his name, Trump Entertainment Resorts, is moving forward with plans to establish an online betting venture... just as soon as it is legal to do so.
The company says it wants to get in on the ground floor of the internet gambling industry, and is close to selecting a joint venture partner to run an online gambling operation. The idea is to be well-placed and ready to go as soon as such activity is legalized in the United States.
"It should be approved here," Trump told news media. "An awful lot of money is leaving the U.S. that should and could stay in this country."
Trump Entertainment, which includes Donald Trump and daughter, Ivanka, and the Avenue Capital hedge fund, would own 10% of the new business venture.
Donald Trump advised the key to success in the online gambling market is having the best brand.
"We think we have the hottest brand there is, the Trump brand, my personal brand," he said. "We think it's going to do phenomenally well."
Donald Trump and New York hedge-fund manager Marc Lasry want a seat at the virtual poker table if online gambling is legalized in the U.S.
The real estate financier, Lasry’s Avenue Capital Group and casino operator Trump Entertainment Resorts Inc. will form an Internet gaming joint venture should U.S. regulators permit such businesses to operate, according to an Oct. 14 regulatory filing. Trump Entertainment, which Avenue Capital took control of last year, would own 10% of the venture, the company said in its filing. It didn’t disclose the stakes to be held by Trump or Lasry’s $12 billion hedge fund.
The agreement coincides with a push to legalize online gambling by states including Iowa and New Jersey, where Trump Entertainment is based and holds casino licenses. The $6 billion that Americans wager each year through offshore sites is tempting state authorities who face budget deficits, as well as casino companies looking for new sources of growth.
"It’s just a matter of time," Ivanka Trump, Donald’s daughter, said in a telephone interview. "It would be a tremendous source of taxable revenue for states or the federal government and an enormous generator of jobs," said Ivanka, executive vice president of development and acquisitions for the Trump Organization, the New York-based parent company of Donald’s real estate operations.
2010 Bankruptcy
Todd Fogarty, a spokesman for Avenue Capital, declined to comment, as did Brian Cahill, a representative for Trump Entertainment. Lasry, 52, is chairman of the company, which operates the Trump Taj Mahal Resort and the Trump Plaza Hotel & Casino in its hometown of Atlantic City, New Jersey. It sold Trump Marina Hotel Casino earlier this year.
The agreement by Trump Entertainment, Donald Trump and Avenue Capital restricts all three parties from going after competing proposals through May, according to the filing with the U.S. Securities and Exchange Commission.
Trump Entertainment, which emerged from bankruptcy in July 2010, said in the filing that the joint venture represented "the most advantageous way" to pursue online gaming "at minimal cost" to the company. "One or more other qualified parties" may also participate in the venture, according to the filing.
Ivanka Trump, 29, said that the joint venture is “positioning itself” to be the largest online gaming company if the industry is legalized in the U.S. She added that Trump Entertainment had the necessary licenses, while Lasry’s firm would provide the capital and her father would contribute his name to the venture.
Expensive Proposition
"In terms of the Internet, brand is essential toward attracting players," Ivanka said. "The Trump brand would be the most powerful one in this space."
Setting up an Internet gaming site can be capital intensive, according to Richard “Skip” Bronson, chairman of U.S. Digital Gaming Inc., a Beverly Hills, California, company that has created a technology platform for Internet wagering. While the cost of creating a site is relatively low, online gaming companies must spend heavily to make themselves known and bring in bettors.
"The question is how will you get people to come to the site," Bronson said in a telephone interview. "It takes unique promotions and significant marketing spend."
Trump Entertainment Reorganization
The online gaming industry received a jolt in April, when the U.S. Justice Department indicted the founders of three Internet poker companies, alleging that they circumvented a 2006 federal law barring banks from processing payments to offshore gambling websites. The companies -- PokerStars, Full Tilt Poker, and Absolute Poker -- ranked as the leading online poker sites doing business with U.S. customers, even though they were all based outside the country.
Following the indictments, Caesars Entertainment Corp. and MGM Resorts International, a pair of Las Vegas-based casino companies, funded an advocacy group called FairPlay USA. The group is pushing for the legalization of online poker and revisions to the 2006 law, known as the Unlawful Internet Gambling Enforcement Act.
At least a half dozen states have bills pending tied to the legalization of online gaming, Bronson said, and another six to 10 are studying the issue. He predicts that online gaming will follow the same pattern as state lotteries, which were first adopted in 1964 by New Hampshire and are now offered in 43 states.
‘Domino Effect’
"There will be a domino effect, the same way lotteries started in the 1960s," Bronson said. Under the 2006 federal law, Internet poker sites established in states that legalize online wagering could only accept bets placed within those states, Bronson added.
Lasry, a billionaire investor who specializes in distressed debt, was part of a bondholder group that won control of Trump Entertainment last year when a bankruptcy judge ruled that their bid for the casino company was better than a competing offer from Carl Icahn. The bondholders offered to reduce the company’s debt by $1.4 billion and invest another $225 million, while Icahn sought to convert some $480 million of bank debt into equity, leaving nothing for Lasry’s group.
Under the winning plan, Avenue Capital acquired about a 22 percent stake in Trump Entertainment by swapping the casino company’s beaten-down bonds for stock and purchasing additional shares through a rights offering. Trump, who joined Lasry and the other bondholders after originally submitting a competing proposal with billionaire Andy Beal, received a 10 percent stake in the company for the right to use his name.
Three’s A Charm
Trump, 65, entered the casino business in 1984 with the Trump Plaza, and in 1990 defaulted on $675 million in junk bonds from his Taj Mahal casino and declared bankruptcy. Following the bankruptcy reorganization, he took the company public in 1995 as Trump Hotels & Casino Resorts Inc.
Trump Hotels & Casino filed for bankruptcy protection in November 2004. When the second bankruptcy proceeding was completed the following year, Trump stepped down as chief executive officer while retaining his role as chairman, and the company was renamed Trump Entertainment Resorts.
Just before the casino company made its third bankruptcy filing, in February 2009, Trump stepped down as chairman and Ivanka also left the board. At the time, he held a 24 percent stake in Trump Entertainment.
Lasry has hosted high-stakes poker games in which the take can be as high as $20,000, according to "Hedge Hunters," a 2007 book by Bloomberg News reporter Katherine Burton. He is one of several hedge-fund managers who are also poker buffs, including David Einhorn, head of Greenlight Capital Inc., Cliff Asness, chief of AQR Capital Management LLC and Kenneth Griffin, founder of Citadel LLC.
Just a few online gaming companies that are understood to be interested in coming to business terms with Trump include Bwin.Party Digital Entertainment, Richard Branson's Virgin Games and PKR. Most experts see Bwin.Party as the best bet, as they don't have any outstanding issues with the US Department of Justice, and have been playing by the rules (law) for many years, while other gambling companies continue to go after U.S players.
Internet gambling is legal in many countries, with the U.S being a glaring exception.
Media Man is following up.
Profiles
Donald Trump Trump Entertainment Resorts World Casino Directory Global Gaming Directory Games Casino Slots Casinos United States Las Vegas
Websites
Trump.com
Trump Entertainment Resorts
Website Network
Media Man Int
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Casino News Media
Global Gaming Directory
Friday, October 21, 2011
Donald Trump says US should legalize Internet betting - 21st October 2011
Profiles
Donald Trump Trump Entertainment Resorts World Casino Directory Global Gaming Directory Games Casino Slots Casinos United States Las Vegas
Donald Trump has witnessed lots of money side slipping him, and he's hoping that situation changes soon.
The real estate, gaming and entertainment tsar, and founder of an Atlantic City casino company says the US should legalize internet gambling. The company that bears his name, Trump Entertainment Resorts, is moving forward with plans to establish an online betting venture... just as soon as it is legal to do so.
The company says it wants to get in on the ground floor of the internet gambling industry, and is close to selecting a joint venture partner to run an online gambling operation. The idea is to be well-placed and ready to go as soon as such activity is legalized in the United States.
"It should be approved here," Trump told news media. "An awful lot of money is leaving the U.S. that should and could stay in this country."
Trump Entertainment, which includes Donald Trump and daughter, Ivanka, and the Avenue Capital hedge fund, would own 10% of the new business venture.
Donald Trump advised the key to success in the online gambling market is having the best brand.
"We think we have the hottest brand there is, the Trump brand, my personal brand," he said. "We think it's going to do phenomenally well."
In a filing with the Securities and Exchange Commission, Trump Entertainment said it has "determined that such a joint venture represents the most advantageous way for the company to participate in opportunities in online gaming at minimal cost to the company."
No cost estimates were given, and Robert Griffin, the company's CEO, declined to comment Thursday. But in March, after Gov. Chris Christie vetoed a bill passed by New Jersey lawmakers that would have allowed Internet betting solely within New Jersey's borders, Griffin said the money lost to offshore operators should benefit New Jersey.
The new law would seen New Jersey become the first state in the nation to allow Internet betting.
"Currently, millions of Americans engage in online gaming with illegal offshore operators, and do so with no oversight, no regulation or no consumer protections," Griffin said at the time. "It makes sense for the state of New Jersey to regulate this activity, enforce strict standards to ensure games are fair and safe, and in turn be able to collect tax revenue instead of having those dollars and the jobs they support leaving New Jersey and going illegally overseas."
Christie advised he vetoed the law fearing it was unconstitutional and could lead to an explosion of betting parlors throughout the state. By law, gambling in New Jersey is restricted to gaming hotspot Atlantic City.
But a New Jersey lawmaker is asserting that individual states in fact have the legal right to offer in-state Internet gambling within their own borders.
State Sen. Raymond Lesniak, D-Union, wrote in July to U.S. Attorney General Eric Holder asserting that New Jersey and all other states can legally offer online betting within their borders.
Lesniak said he will introduce legislation in November to address the prime concerns expressed by Christie.
The filing said the company, Donald and Ivanka Trump, and Avenue Capital have signed an agreement authorizing the joint venture once it becomes legal, and that prohibits any of them from seeking other online gambling ventures through May 2012.
Atlantic City is in the midst of a nearly 5-year revenue slump brought on by increasing competition from casinos in neighboring states, and worsened by the continuing unsteady economy. It's also speculated that many AC businesses have not adapted well to the internet medium.
Just a few online gaming companies that are understood to be interested in coming to business terms with Trump include Bwin.Party Digital Entertainment, Richard Branson's Virgin Games and PKR. Most experts see Bwin.Party as the best bet, as they don't have any outstanding issues with the US Department of Justice, and have been playing by the rules (law) for many years, while other gambling companies continue to go after U.S players.
Internet gambling is legal in many countries, with the U.S being a glaring exception.
Media Man is following up.
Profiles
Donald Trump Trump Entertainment Resorts World Casino Directory Global Gaming Directory Games Casino Slots Casinos United States Las Vegas
Websites
Trump.com
Trump Entertainment Resorts
Website Network
Media Man Int
Media Man
Media Man News
Media Man Entertainment
Casino News Media
Global Gaming Directory
Donald Trump Trump Entertainment Resorts World Casino Directory Global Gaming Directory Games Casino Slots Casinos United States Las Vegas
Donald Trump has witnessed lots of money side slipping him, and he's hoping that situation changes soon.
The real estate, gaming and entertainment tsar, and founder of an Atlantic City casino company says the US should legalize internet gambling. The company that bears his name, Trump Entertainment Resorts, is moving forward with plans to establish an online betting venture... just as soon as it is legal to do so.
The company says it wants to get in on the ground floor of the internet gambling industry, and is close to selecting a joint venture partner to run an online gambling operation. The idea is to be well-placed and ready to go as soon as such activity is legalized in the United States.
"It should be approved here," Trump told news media. "An awful lot of money is leaving the U.S. that should and could stay in this country."
Trump Entertainment, which includes Donald Trump and daughter, Ivanka, and the Avenue Capital hedge fund, would own 10% of the new business venture.
Donald Trump advised the key to success in the online gambling market is having the best brand.
"We think we have the hottest brand there is, the Trump brand, my personal brand," he said. "We think it's going to do phenomenally well."
In a filing with the Securities and Exchange Commission, Trump Entertainment said it has "determined that such a joint venture represents the most advantageous way for the company to participate in opportunities in online gaming at minimal cost to the company."
No cost estimates were given, and Robert Griffin, the company's CEO, declined to comment Thursday. But in March, after Gov. Chris Christie vetoed a bill passed by New Jersey lawmakers that would have allowed Internet betting solely within New Jersey's borders, Griffin said the money lost to offshore operators should benefit New Jersey.
The new law would seen New Jersey become the first state in the nation to allow Internet betting.
"Currently, millions of Americans engage in online gaming with illegal offshore operators, and do so with no oversight, no regulation or no consumer protections," Griffin said at the time. "It makes sense for the state of New Jersey to regulate this activity, enforce strict standards to ensure games are fair and safe, and in turn be able to collect tax revenue instead of having those dollars and the jobs they support leaving New Jersey and going illegally overseas."
Christie advised he vetoed the law fearing it was unconstitutional and could lead to an explosion of betting parlors throughout the state. By law, gambling in New Jersey is restricted to gaming hotspot Atlantic City.
But a New Jersey lawmaker is asserting that individual states in fact have the legal right to offer in-state Internet gambling within their own borders.
State Sen. Raymond Lesniak, D-Union, wrote in July to U.S. Attorney General Eric Holder asserting that New Jersey and all other states can legally offer online betting within their borders.
Lesniak said he will introduce legislation in November to address the prime concerns expressed by Christie.
The filing said the company, Donald and Ivanka Trump, and Avenue Capital have signed an agreement authorizing the joint venture once it becomes legal, and that prohibits any of them from seeking other online gambling ventures through May 2012.
Atlantic City is in the midst of a nearly 5-year revenue slump brought on by increasing competition from casinos in neighboring states, and worsened by the continuing unsteady economy. It's also speculated that many AC businesses have not adapted well to the internet medium.
Just a few online gaming companies that are understood to be interested in coming to business terms with Trump include Bwin.Party Digital Entertainment, Richard Branson's Virgin Games and PKR. Most experts see Bwin.Party as the best bet, as they don't have any outstanding issues with the US Department of Justice, and have been playing by the rules (law) for many years, while other gambling companies continue to go after U.S players.
Internet gambling is legal in many countries, with the U.S being a glaring exception.
Media Man is following up.
Profiles
Donald Trump Trump Entertainment Resorts World Casino Directory Global Gaming Directory Games Casino Slots Casinos United States Las Vegas
Websites
Trump.com
Trump Entertainment Resorts
Website Network
Media Man Int
Media Man
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Casino News Media
Global Gaming Directory
Monday, October 17, 2011
Donald Trump Pro Online Gaming
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Donald Trump Online Casino
News: Donald Trump has told the press he is pro online gambling.
Donald Trump Online Casino
News: Donald Trump has told the press he is pro online gambling.
Monday, August 29, 2011
Donald Trump pro online casinos
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Donald Trump
Media Man has reported that Donald Trump is pro online casinos.
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Media Man has reported that Donald Trump is pro online casinos.
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Monday, August 1, 2011
Monday, June 6, 2011
Viral Video: Trump's Palin Pizza Proclamation
Trending on YouTube today: Donald Trump's response to a zinger (below) by Jon Stewart. The Comedy Central host took a swing at Trump for eating pizza with a fork while dining in New York this week with Sarah "Is She or Isn't She?" Palin.
It's the latest video blog (vlog) by Trump, who who caught vlogging fever in February (one of our favorites: his Geico rant) as missives from “From the Desk of Donald Trump.”
In the video above, Trump defends his pizza preferences before getting on to serious business: makes a supporting statement about Palin should she choose to run, suggesting he would be happy with her as a presidential candidate.
A quick word for Donald: Eat pizza like a New Yorker! Maybe Brian Williams can help? (Credit: Brand Channel)
It's the latest video blog (vlog) by Trump, who who caught vlogging fever in February (one of our favorites: his Geico rant) as missives from “From the Desk of Donald Trump.”
In the video above, Trump defends his pizza preferences before getting on to serious business: makes a supporting statement about Palin should she choose to run, suggesting he would be happy with her as a presidential candidate.
A quick word for Donald: Eat pizza like a New Yorker! Maybe Brian Williams can help? (Credit: Brand Channel)
Thursday, June 2, 2011
Tuesday, May 24, 2011
Trump Casino Marina Becomes Golden Nugget AC
In Atlantic City, all that's golden is not Trump.
New Jersey casino regulators approved the sale of Trump Marina Hotel Casino on Monday to the owners of the Golden Nugget casinos in Nevada for $38 million — about a tenth of what the property was expected to fetch just three years ago.
Landry's Inc. has rebranded the casino as the Golden Nugget Atlantic City, a name change that became official with Monday's vote by the Casino Control Commission.
The giant "TRUMP" letters have been removed from the front of the casino, though the top and rear of the casino-hotel still bear Donald Trump's name. A temporary banner proclaiming the casino as the Golden Nugget could be put up as soon as Tuesday, a company spokeswoman said.
Tilman J. Fertitta, the owner of Houston-based Landry's, said he is prepared to pump $150 million into the casino to revive it and make it competitive in Atlantic City's cutthroat market.
"It's exciting to be in the nation's second-largest gaming market, and we're excited to get started on the renovation to let everyone see the changes we have coming," Fertitta told The Associated Press. "Everything's going to be different. We're touching every square foot. We're going to have lots of new restaurants and bars."
Fertitta said he is interested in building a second hotel tower within the next few years to expand the Golden Nugget's 740-room inventory. He said during testimony before the commission that he would be open to working out a deal with MGM Resorts to buy a 14-acre tract of vacant land near the casino to develop, but said afterward he had misspoken, adding he has had no conversations with MGM about the land.
At the Golden Nugget, Landry's plans new bars and lounges, live entertainment, stores and updated rooms and suites. Attractions including the Rush Lounge and a gathering spot called After Hours, a new spa, poker room, race and keno room and a new H2O Pool and Lounge, which will introduce all-season hot tubs and fire pits. On Thursday, the company will open its Chart House restaurant inside the casino.
"We're building a facility here that will compete against anybody else in town," he told the commission. "We promise everybody we will be good citizens here. Hopefully in a few years we'll all look back at this as a good decision for y'all."
Linda Kassekert, the casino commission chairwoman, called the Golden Nugget "a giant step toward a reinvigorated Atlantic City gaming market."
Fertitta said renovations will be completed by December, including a remake of the casino's boxy, institutional façade.
"It is not going to have that hospital look anymore," he said. "It'll look like a totally different building. You will not recognize this property come December."
Fertitta also said the casino will retain the overwhelming majority of the casino's work force of about 1,460, saying "only a very small number" will lose their jobs in the ownership transition. No one will be asked to take pay cuts, he added.
Landry's owns Golden Nugget casinos in Las Vegas and Laughlin, Nev. The Atlantic City casino becomes its third.
The deal brings the Golden Nugget brand back to Atlantic City, where it operated in a different building from 1980 to 1987.
The sale leaves Trump Entertainment Resorts, which emerged last summer from its third stint in bankruptcy court, with two Boardwalk casinos — its flagship trump Taj Mahal Casino Resort and the older Trump Plaza Hotel and Casino.
Trump Marina is located in the city's marina district, next to the Frank Farley Marina, which is included in the sale, and two of the city's top-performing casinos — the Borgata Hotel Casino & Spa and Harrah's Resort Atlantic City. It opened in 1985 as Trump's Castle.
Trump Entertainment has been trying to sell the Marina casino since May 2008, when it struck a deal with Coastal Marina LLC, run by former Donald Trump protege Richard Fields. Fields first agreed to pay $316 million. After the economy tanked, Trump and Coastal Marina agreed to a lower price of $270 million, but the deal fell apart in 2009 over disagreements about the physical condition of the casino.
Coastal claimed that summer that the Trump Marina needs at least $50 million in repairs. Things were so bad, Coastal Marina claimed in a lawsuit, the casino was putting plants under leaky windows and skylights to catch the drips when it rained rather than fix the leaks.
Fertitta said he will operate the Golden Nugget better than Trump Entertainment did.
"What shocked us was there's only one bar right at the front," he said. "It's almost like everything was done not to do business here. It was a big box."
He said Trump Entertainment Resorts paid more attention to its two other casinos than to Trump Marina.
"We will be 100 percent focused on driving business to the Golden Nugget," he said.
In addition to the Golden Nugget casinos, Landry's owns and runs more than 300 stores and restaurants including the Rainforest Cafe and Chart House chains. It also owns the Downtown Aquarium complexes in Houston and Denver, as well as the Kemah Boardwalk, a 50-acre, family-oriented themed entertainment destination outside Houston.
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New Jersey casino regulators approved the sale of Trump Marina Hotel Casino on Monday to the owners of the Golden Nugget casinos in Nevada for $38 million — about a tenth of what the property was expected to fetch just three years ago.
Landry's Inc. has rebranded the casino as the Golden Nugget Atlantic City, a name change that became official with Monday's vote by the Casino Control Commission.
The giant "TRUMP" letters have been removed from the front of the casino, though the top and rear of the casino-hotel still bear Donald Trump's name. A temporary banner proclaiming the casino as the Golden Nugget could be put up as soon as Tuesday, a company spokeswoman said.
Tilman J. Fertitta, the owner of Houston-based Landry's, said he is prepared to pump $150 million into the casino to revive it and make it competitive in Atlantic City's cutthroat market.
"It's exciting to be in the nation's second-largest gaming market, and we're excited to get started on the renovation to let everyone see the changes we have coming," Fertitta told The Associated Press. "Everything's going to be different. We're touching every square foot. We're going to have lots of new restaurants and bars."
Fertitta said he is interested in building a second hotel tower within the next few years to expand the Golden Nugget's 740-room inventory. He said during testimony before the commission that he would be open to working out a deal with MGM Resorts to buy a 14-acre tract of vacant land near the casino to develop, but said afterward he had misspoken, adding he has had no conversations with MGM about the land.
At the Golden Nugget, Landry's plans new bars and lounges, live entertainment, stores and updated rooms and suites. Attractions including the Rush Lounge and a gathering spot called After Hours, a new spa, poker room, race and keno room and a new H2O Pool and Lounge, which will introduce all-season hot tubs and fire pits. On Thursday, the company will open its Chart House restaurant inside the casino.
"We're building a facility here that will compete against anybody else in town," he told the commission. "We promise everybody we will be good citizens here. Hopefully in a few years we'll all look back at this as a good decision for y'all."
Linda Kassekert, the casino commission chairwoman, called the Golden Nugget "a giant step toward a reinvigorated Atlantic City gaming market."
Fertitta said renovations will be completed by December, including a remake of the casino's boxy, institutional façade.
"It is not going to have that hospital look anymore," he said. "It'll look like a totally different building. You will not recognize this property come December."
Fertitta also said the casino will retain the overwhelming majority of the casino's work force of about 1,460, saying "only a very small number" will lose their jobs in the ownership transition. No one will be asked to take pay cuts, he added.
Landry's owns Golden Nugget casinos in Las Vegas and Laughlin, Nev. The Atlantic City casino becomes its third.
The deal brings the Golden Nugget brand back to Atlantic City, where it operated in a different building from 1980 to 1987.
The sale leaves Trump Entertainment Resorts, which emerged last summer from its third stint in bankruptcy court, with two Boardwalk casinos — its flagship trump Taj Mahal Casino Resort and the older Trump Plaza Hotel and Casino.
Trump Marina is located in the city's marina district, next to the Frank Farley Marina, which is included in the sale, and two of the city's top-performing casinos — the Borgata Hotel Casino & Spa and Harrah's Resort Atlantic City. It opened in 1985 as Trump's Castle.
Trump Entertainment has been trying to sell the Marina casino since May 2008, when it struck a deal with Coastal Marina LLC, run by former Donald Trump protege Richard Fields. Fields first agreed to pay $316 million. After the economy tanked, Trump and Coastal Marina agreed to a lower price of $270 million, but the deal fell apart in 2009 over disagreements about the physical condition of the casino.
Coastal claimed that summer that the Trump Marina needs at least $50 million in repairs. Things were so bad, Coastal Marina claimed in a lawsuit, the casino was putting plants under leaky windows and skylights to catch the drips when it rained rather than fix the leaks.
Fertitta said he will operate the Golden Nugget better than Trump Entertainment did.
"What shocked us was there's only one bar right at the front," he said. "It's almost like everything was done not to do business here. It was a big box."
He said Trump Entertainment Resorts paid more attention to its two other casinos than to Trump Marina.
"We will be 100 percent focused on driving business to the Golden Nugget," he said.
In addition to the Golden Nugget casinos, Landry's owns and runs more than 300 stores and restaurants including the Rainforest Cafe and Chart House chains. It also owns the Downtown Aquarium complexes in Houston and Denver, as well as the Kemah Boardwalk, a 50-acre, family-oriented themed entertainment destination outside Houston.
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Saturday, February 5, 2011
Virgin Hotels 'at least two years away' - 1st February 2011
Sir Richard Branson has said that his much-anticipated new hotel brand Virgin Hotels is still two years away from launching.
According to reports in US media, he told the American Lodging and Investment Summit that finding sites for the new hotel chain wasn't proving easy, although he did confirm a few places where travelers will be able to enjoy Virgin's almost-legendary hospitality.
San Diego and Washington DC are likely candidates, and Branson also announced that one of the the first sites will be in New Mexico, overlooking the spaceport which will send his Virgin Galactic tourist flights into space.
He also told conference attendees that each hotel will be different, saying that putting a Virgin stamp on the hotels wasn't enough and that the goal was to be the "funnest" hotel for guests to go to.
Fans of the outlandish British billionaire who are disappointed by the wait can take solace in exciting new hotels from America's favorite businessman Donald Trump, scheduled for the not-too-distant future.
The luxury hotel brand is set to open its first properties outside of the US in the coming months - the Trump Ocean Club Panama and the Trump International Hotel & Tower Toronto are both expected in the spring.
The hotels, which will be added to the five-star portfolio of properties in New York, Las Vegas and Chicago, are built to the exacting standards of Donald and his daughter Ivanka and are both record breakers - the Panama property is the tallest and largest building in Latin America and the Toronto hotel the tallest residential building in Canada.
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According to reports in US media, he told the American Lodging and Investment Summit that finding sites for the new hotel chain wasn't proving easy, although he did confirm a few places where travelers will be able to enjoy Virgin's almost-legendary hospitality.
San Diego and Washington DC are likely candidates, and Branson also announced that one of the the first sites will be in New Mexico, overlooking the spaceport which will send his Virgin Galactic tourist flights into space.
He also told conference attendees that each hotel will be different, saying that putting a Virgin stamp on the hotels wasn't enough and that the goal was to be the "funnest" hotel for guests to go to.
Fans of the outlandish British billionaire who are disappointed by the wait can take solace in exciting new hotels from America's favorite businessman Donald Trump, scheduled for the not-too-distant future.
The luxury hotel brand is set to open its first properties outside of the US in the coming months - the Trump Ocean Club Panama and the Trump International Hotel & Tower Toronto are both expected in the spring.
The hotels, which will be added to the five-star portfolio of properties in New York, Las Vegas and Chicago, are built to the exacting standards of Donald and his daughter Ivanka and are both record breakers - the Panama property is the tallest and largest building in Latin America and the Toronto hotel the tallest residential building in Canada.
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Thursday, September 9, 2010
Wednesday, August 11, 2010
Thursday, August 5, 2010
Donald Trump Keen To Move Forward Online Casino Ventures
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Thursday, July 22, 2010
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Virgin Casino Gets The War Of The Worlds Slot Game; Virgin Bingo Gets Three More Games - 21st July 2010
Virgin Casino Gets The War Of The Worlds Slot Game; Virgin Bingo Gets Three More Games
Profiles
Virgin Casino Virgin Games Virgin Bingo Virgin New Games Richard Branson
H.G. Wells Steven Spielberg Jeff Wayne
*Sorry, no U.S or Australian players. See World Casino Directory
The invasion has begun! Spin now to save Mankind and win a x700 bonus!
Introduction
Jeff Wayne's Musical Version of The War of The Worlds is a 5-reel 100-line slot machine, with each reel being 4 symbols tall. In addition to a bonus round (where winnings are awarded for damaging and killing the Fighting Machines), the game features special Wild symbols which react together to fill a reel with wilds.
Step 1: Getting Started
When you load the game you will be given the option to load the Full high quality version of the game (which has all the animations and sounds) or the Reduced quality version which has fewer sounds and animations and lower quality graphics so the overall file size is smaller and quicker to download. The game functionality and payouts are exactly the same for both versions. After the version you have selected has all been loaded you will see the main screen:
Press the 'STAKE UP' and 'STAKE DOWN' buttons to choose a stake per line.
Your selected stake per line will be multiplied by 100 lines. You cannot change the number of lines in this game.
The total amount you have staked will be shown in the TOTAL STAKE box at the bottom right of the screen.
Click on the 'Paytable' button to view the paytable, which shows the potential winnings for each reel combination,
Step 2: How To Play
Press 'PLAY' to start the game (Alternatively you can press the Spacebar on your keyboard to spin).
The reels will spin and eventually stop at random.
If the combination of symbols appearing on the reels form a line (starting from the left reel) of 3, 4 or 5 matching symbols on one of the 100 win lines then you win.
Any symbols that were part of a win will be highlighted and your winnings will be credited to your account balance.
The total winnings are shown in the top right and the total number of lines that had a win are shown in the bottom left of the screen.
Fighting Machine Bonus
The Fighting Machine bonus game is a special bonus win, triggered by getting 3 BONUS symbols anywhere on the reels (this is a scatter win, so the BONUS symbols do not have to be on the same winline).
There is no line win attached to the BONUS scatter win - only entry to the bonus game, which itself guarantees a win.
When the game enters the bonus round, you will see the introduction screen showing details of the bonus game. The idea of this bonus is to shoot as many of the Fighting Machines as you can before they shoot all 3 of your cannons.
You have 3 cannons and there are 3 Fighting Machines to shoot, each of your cannons can only shoot forwards at the machine in front of it (you cannot aim left or right, you can only adjust the power by pressing the Fire button at a different time).
When the power meter is on the amount you want then press the Fire button to fire that cannon. The cannon will then be disabled for a moment while it reloads.
If you kill all 3 of the machines then you will get onto the next stage. There are 3 stages in total and you get a bonus of 500 times your total stake if you complete them all by killing all 9 Fighting Machines.
The game ends when you have no more cannons left or when you have killed all 9 machines. You will then be awarded your winnings and taken back to the main game.
Wild Symbols
The WILD symbol substitutes all other symbols except for the BONUS symbol to enhance your chances of getting a winning line.
If 2 WILD symbols are revealed on the same reel - one at the top and one at the bottom - then they will expand to change the two symbols in-between them to WILD symbols as well, and so increasing your chance of getting several wins. This expanding wild event occurs even if there are no wins created.
A row of WILD symbols on an active win line does not have any associated payout - the WILD pays only when used as a substitute for another symbol.
Auto Play
By selecting 'AUTO PLAY' you can choose to place up to 25 bets automatically, one after the other. Click 'AUTO PLAY' and select the number of automatic bets you want before clicking the 'PLAY' button to start those bets.
You can stop Auto Play from continuing onto the next spin by clicking 'STOP AUTO' (which replaces the 'AUTO PLAY' button when you are in Auto Play.
Auto Play will turn off if you get into the bonus round.
GENERAL NOTES
This game has a Return to Player of 94.7%. - System malfunction voids all pays and play.
Profile
The War Of The Worlds
Virgin Games Launches Three New Virtue Fusion Games
LONDON, UNITED KINGDOM - July 21, 2010 - Leading online gaming company, Virgin Games, has today launched three new titles to add to its extensive offering. The games, all developed by the innovative online games producer, Virtue Fusion, are Multi Balls (available on Virgin Bingo), George and the Dragon, and Treasure Time Traveller (available on both Virgin Casino and Virgin Bingo).
Multi Balls
Multi Balls is a multi-player game where the higher up on the leader board you are, the greater the share of the community jackpot you win. Payouts are awarded for achieving groups of 5 or more horizontally or vertically adjacent balls that are the same character – there are 6 different characters to play with.
George and the Dragon
George and the Dragon is a 5 reel, 20 five line slot with a progressive jackpot, a feature game and exploding reels. There is a Bonus Feature that is triggered when a Dragon symbol appears in reels 1, 3 and 5. The Bonus Feature will play out once all winning combinations on the reels have been completed.
Treasure Time Traveller
Treasure Time Traveller is a 9-square scratch card. To qualify for the bonus round players have to scratch and match 3 odometer symbols.
The launch of these new games coincides with an exciting promotional offering at Virgin Bingo. For the first time players will be able to pre buy tickets for specific games incentivised by a range of some of the most fantastic prizes Virgin Bingo have ever offered, such as weekend breaks to New York and 42 inch Flatscreen TVs.
Warren Eloff, Product Manager at Virgin Games, commented:
"With these exciting new games and fantastic promotions Virgin Games truly offers one of the best online gaming experiences available. At the beginning of the year we stated that our priority was to offer great choice to our customers - and we're now doing that in spades. The range of games we have is superb and the promotional offerings have just raised the bar!"
Founded in 2004, Virgin Games has over 1,000,000 players and over 200 games on its site. Through the introduction of a custom built Virgin Games platform in 2008, Virgin Games seeks to provide its players with the widest possible choice of casino games. A growing selection of games can be found at Virgin Games from a number of producers including Microgaming, WagerWorks, Cryptologic, Freemantle and Ash Gaming.
Websites
Virgin Casino.
Virgin Bingo
Notes to editors
About Virgin Games:
Virgin Games launched in June 2004 and has quickly established itself as one of the leading gaming websites in the UK. Virgin Games comprises three distinct offerings:
-- Virgin Casino, offers content from a range of games suppliers including WagerWorks, Microgaming, Cryptologic, Freemantle and Ash Gaming, bringing consumers classic casino games like Blackjack and Roulette, as well as great feature slots like Monopoly, Rubik's, X-Factor and the highly popular MegaJackpots progressive games, with a current jackpot value of over GBP 2,500,000
-- Virgin Poker, part of the Boss Media network, offers a huge array of games and content for beginners through to experienced pros - as well as the most generous loyalty scheme in the industry
-- Virgin Bingo, part of the Virtue Fusion network, offers cash prizes worth thousands of pounds in the progressive jackpots, as well as Virgin prize bingo and a range of unique Virgin Games bingo games.
Websites
Virgin Bingo
Virgin Casino.
Join now and get a £100 Casino Welcome Bonus at Virgin Casino.
Virgin Games has won a number of industry awards and commendations including awards from Media Man, Casino News Media and eGaming Review. Virgin Casino won the Media Man 'Online Casino Of The Month' for June 2010 and is in the running again this month.
At present Virgin Casino is unable to accept money players from the United States, Australia or New Zealand. Please see World Casino Directory.
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Profiles
Virgin Casino Virgin Games Virgin Bingo Virgin New Games Richard Branson
H.G. Wells Steven Spielberg Jeff Wayne
*Sorry, no U.S or Australian players. See World Casino Directory
The invasion has begun! Spin now to save Mankind and win a x700 bonus!
Introduction
Jeff Wayne's Musical Version of The War of The Worlds is a 5-reel 100-line slot machine, with each reel being 4 symbols tall. In addition to a bonus round (where winnings are awarded for damaging and killing the Fighting Machines), the game features special Wild symbols which react together to fill a reel with wilds.
Step 1: Getting Started
When you load the game you will be given the option to load the Full high quality version of the game (which has all the animations and sounds) or the Reduced quality version which has fewer sounds and animations and lower quality graphics so the overall file size is smaller and quicker to download. The game functionality and payouts are exactly the same for both versions. After the version you have selected has all been loaded you will see the main screen:
Press the 'STAKE UP' and 'STAKE DOWN' buttons to choose a stake per line.
Your selected stake per line will be multiplied by 100 lines. You cannot change the number of lines in this game.
The total amount you have staked will be shown in the TOTAL STAKE box at the bottom right of the screen.
Click on the 'Paytable' button to view the paytable, which shows the potential winnings for each reel combination,
Step 2: How To Play
Press 'PLAY' to start the game (Alternatively you can press the Spacebar on your keyboard to spin).
The reels will spin and eventually stop at random.
If the combination of symbols appearing on the reels form a line (starting from the left reel) of 3, 4 or 5 matching symbols on one of the 100 win lines then you win.
Any symbols that were part of a win will be highlighted and your winnings will be credited to your account balance.
The total winnings are shown in the top right and the total number of lines that had a win are shown in the bottom left of the screen.
Fighting Machine Bonus
The Fighting Machine bonus game is a special bonus win, triggered by getting 3 BONUS symbols anywhere on the reels (this is a scatter win, so the BONUS symbols do not have to be on the same winline).
There is no line win attached to the BONUS scatter win - only entry to the bonus game, which itself guarantees a win.
When the game enters the bonus round, you will see the introduction screen showing details of the bonus game. The idea of this bonus is to shoot as many of the Fighting Machines as you can before they shoot all 3 of your cannons.
You have 3 cannons and there are 3 Fighting Machines to shoot, each of your cannons can only shoot forwards at the machine in front of it (you cannot aim left or right, you can only adjust the power by pressing the Fire button at a different time).
When the power meter is on the amount you want then press the Fire button to fire that cannon. The cannon will then be disabled for a moment while it reloads.
If you kill all 3 of the machines then you will get onto the next stage. There are 3 stages in total and you get a bonus of 500 times your total stake if you complete them all by killing all 9 Fighting Machines.
The game ends when you have no more cannons left or when you have killed all 9 machines. You will then be awarded your winnings and taken back to the main game.
Wild Symbols
The WILD symbol substitutes all other symbols except for the BONUS symbol to enhance your chances of getting a winning line.
If 2 WILD symbols are revealed on the same reel - one at the top and one at the bottom - then they will expand to change the two symbols in-between them to WILD symbols as well, and so increasing your chance of getting several wins. This expanding wild event occurs even if there are no wins created.
A row of WILD symbols on an active win line does not have any associated payout - the WILD pays only when used as a substitute for another symbol.
Auto Play
By selecting 'AUTO PLAY' you can choose to place up to 25 bets automatically, one after the other. Click 'AUTO PLAY' and select the number of automatic bets you want before clicking the 'PLAY' button to start those bets.
You can stop Auto Play from continuing onto the next spin by clicking 'STOP AUTO' (which replaces the 'AUTO PLAY' button when you are in Auto Play.
Auto Play will turn off if you get into the bonus round.
GENERAL NOTES
This game has a Return to Player of 94.7%. - System malfunction voids all pays and play.
Profile
The War Of The Worlds
Virgin Games Launches Three New Virtue Fusion Games
LONDON, UNITED KINGDOM - July 21, 2010 - Leading online gaming company, Virgin Games, has today launched three new titles to add to its extensive offering. The games, all developed by the innovative online games producer, Virtue Fusion, are Multi Balls (available on Virgin Bingo), George and the Dragon, and Treasure Time Traveller (available on both Virgin Casino and Virgin Bingo).
Multi Balls
Multi Balls is a multi-player game where the higher up on the leader board you are, the greater the share of the community jackpot you win. Payouts are awarded for achieving groups of 5 or more horizontally or vertically adjacent balls that are the same character – there are 6 different characters to play with.
George and the Dragon
George and the Dragon is a 5 reel, 20 five line slot with a progressive jackpot, a feature game and exploding reels. There is a Bonus Feature that is triggered when a Dragon symbol appears in reels 1, 3 and 5. The Bonus Feature will play out once all winning combinations on the reels have been completed.
Treasure Time Traveller
Treasure Time Traveller is a 9-square scratch card. To qualify for the bonus round players have to scratch and match 3 odometer symbols.
The launch of these new games coincides with an exciting promotional offering at Virgin Bingo. For the first time players will be able to pre buy tickets for specific games incentivised by a range of some of the most fantastic prizes Virgin Bingo have ever offered, such as weekend breaks to New York and 42 inch Flatscreen TVs.
Warren Eloff, Product Manager at Virgin Games, commented:
"With these exciting new games and fantastic promotions Virgin Games truly offers one of the best online gaming experiences available. At the beginning of the year we stated that our priority was to offer great choice to our customers - and we're now doing that in spades. The range of games we have is superb and the promotional offerings have just raised the bar!"
Founded in 2004, Virgin Games has over 1,000,000 players and over 200 games on its site. Through the introduction of a custom built Virgin Games platform in 2008, Virgin Games seeks to provide its players with the widest possible choice of casino games. A growing selection of games can be found at Virgin Games from a number of producers including Microgaming, WagerWorks, Cryptologic, Freemantle and Ash Gaming.
Websites
Virgin Casino.
Virgin Bingo
Notes to editors
About Virgin Games:
Virgin Games launched in June 2004 and has quickly established itself as one of the leading gaming websites in the UK. Virgin Games comprises three distinct offerings:
-- Virgin Casino, offers content from a range of games suppliers including WagerWorks, Microgaming, Cryptologic, Freemantle and Ash Gaming, bringing consumers classic casino games like Blackjack and Roulette, as well as great feature slots like Monopoly, Rubik's, X-Factor and the highly popular MegaJackpots progressive games, with a current jackpot value of over GBP 2,500,000
-- Virgin Poker, part of the Boss Media network, offers a huge array of games and content for beginners through to experienced pros - as well as the most generous loyalty scheme in the industry
-- Virgin Bingo, part of the Virtue Fusion network, offers cash prizes worth thousands of pounds in the progressive jackpots, as well as Virgin prize bingo and a range of unique Virgin Games bingo games.
Websites
Virgin Bingo
Virgin Casino.
Join now and get a £100 Casino Welcome Bonus at Virgin Casino.
Virgin Games has won a number of industry awards and commendations including awards from Media Man, Casino News Media and eGaming Review. Virgin Casino won the Media Man 'Online Casino Of The Month' for June 2010 and is in the running again this month.
At present Virgin Casino is unable to accept money players from the United States, Australia or New Zealand. Please see World Casino Directory.
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Thursday, April 29, 2010
Tuesday, March 2, 2010
In Casino Fight, Trump Gets His Day in Court - 26th February 2010
Donald Trump, the celebrity real estate developer hoping for a casino comeback, took the stand in U.S. bankruptcy court on Thursday to fight for control of the three Atlantic City hotel-casinos bearing his name, Reuters reported.
In just over an hour of testimony at a New Jersey courthouse, Mr. Trump said he believed the Trump Entertainment Resorts casinos could reach new heights and that the Atlantic City casino market would revive as the broader economy recovered, despite increasing competition.
Mr. Trump, appearing calm and relaxed in a black suit and brightly colored tie, made jabs at a rival bidder, Carl C. Icahn, portraying his opponent as a vulture who would not invest the necessary dollars in the future of the casinos and has a mixed track record of guiding companies through bankruptcy, Reuters said.
Mr. Trump, who told the court that the casino operator’s survival was important to him “because it has my name on it,” said of his rival: “Carl spends nothing — if Carl spent three dollars I’d be shocked.”
The two men are battling for control of the casino operator, which filed for Chapter 11 bankruptcy in February 2008 as regional competition and a drop in consumer spending hurt its three Atlantic City casinos.
In just over an hour of testimony at a New Jersey courthouse, Mr. Trump said he believed the Trump Entertainment Resorts casinos could reach new heights and that the Atlantic City casino market would revive as the broader economy recovered, despite increasing competition.
Mr. Trump, appearing calm and relaxed in a black suit and brightly colored tie, made jabs at a rival bidder, Carl C. Icahn, portraying his opponent as a vulture who would not invest the necessary dollars in the future of the casinos and has a mixed track record of guiding companies through bankruptcy, Reuters said.
Mr. Trump, who told the court that the casino operator’s survival was important to him “because it has my name on it,” said of his rival: “Carl spends nothing — if Carl spent three dollars I’d be shocked.”
The two men are battling for control of the casino operator, which filed for Chapter 11 bankruptcy in February 2008 as regional competition and a drop in consumer spending hurt its three Atlantic City casinos.
In Casino Fight, Trump Gets His Day in Court - 26th February 2010
Donald Trump, the celebrity real estate developer hoping for a casino comeback, took the stand in U.S. bankruptcy court on Thursday to fight for control of the three Atlantic City hotel-casinos bearing his name, Reuters reported.
In just over an hour of testimony at a New Jersey courthouse, Mr. Trump said he believed the Trump Entertainment Resorts casinos could reach new heights and that the Atlantic City casino market would revive as the broader economy recovered, despite increasing competition.
Mr. Trump, appearing calm and relaxed in a black suit and brightly colored tie, made jabs at a rival bidder, Carl C. Icahn, portraying his opponent as a vulture who would not invest the necessary dollars in the future of the casinos and has a mixed track record of guiding companies through bankruptcy, Reuters said.
Mr. Trump, who told the court that the casino operator’s survival was important to him “because it has my name on it,” said of his rival: “Carl spends nothing — if Carl spent three dollars I’d be shocked.”
The two men are battling for control of the casino operator, which filed for Chapter 11 bankruptcy in February 2008 as regional competition and a drop in consumer spending hurt its three Atlantic City casinos.
In just over an hour of testimony at a New Jersey courthouse, Mr. Trump said he believed the Trump Entertainment Resorts casinos could reach new heights and that the Atlantic City casino market would revive as the broader economy recovered, despite increasing competition.
Mr. Trump, appearing calm and relaxed in a black suit and brightly colored tie, made jabs at a rival bidder, Carl C. Icahn, portraying his opponent as a vulture who would not invest the necessary dollars in the future of the casinos and has a mixed track record of guiding companies through bankruptcy, Reuters said.
Mr. Trump, who told the court that the casino operator’s survival was important to him “because it has my name on it,” said of his rival: “Carl spends nothing — if Carl spent three dollars I’d be shocked.”
The two men are battling for control of the casino operator, which filed for Chapter 11 bankruptcy in February 2008 as regional competition and a drop in consumer spending hurt its three Atlantic City casinos.
Thursday, February 25, 2010
Friday, February 12, 2010
Donald Trump Fires Jay Leno - 9th February 2010
Jay Leno just permanently turned off the lights to his primetime NBC talk show -- but not before Donald Trump stepped in to officially fire his ass.
TMZ infiltrated the taping of the final "Jay Leno Show" -- where just moments ago, Jay was doing a satellite bit with Donald Trump. At the end of the bit, His Hairness sent Jay on his way the only way he knows how -- "You're Fired!"
We're told everyone laughed -- including Jay.
Wonder what Conan thinks? (Credit: TMZ)
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TMZ infiltrated the taping of the final "Jay Leno Show" -- where just moments ago, Jay was doing a satellite bit with Donald Trump. At the end of the bit, His Hairness sent Jay on his way the only way he knows how -- "You're Fired!"
We're told everyone laughed -- including Jay.
Wonder what Conan thinks? (Credit: TMZ)
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Monday, December 14, 2009
Carl Icahn Moves to Control Trump Resorts - 11th December 2009
Carl C. Icahn, the investor, agreed to buy most of Trump Entertainment Resorts’ bank debt, pitting Mr. Icahn against a bondholders’ reorganization plan for the casino operator. Mr. Icahn leads a group that will buy a secured loan from the Beal Bank, which is first in line among creditors, and agreed to back the lender’s reorganization plan for Trump Entertainment, according to a statement Friday. Trump Entertainment’s three casinos filed for bankruptcy protection for the third time in February, blaming a high debt load and falling revenue. The founder, Donald Trump, and his daughter, Ivanka, dropped Beal as a partner last month and backed a bondholder plan that would give him up to 10 percent of the reorganized company.
“Despite the current problems in Atlantic City I continue to have great faith in the city’s future,” Mr. Icahn said in the statement. The competing plan “is a roll of the dice to releverage these operations, which may well turn into a round-trip ticket to bankruptcy court,” he said. Beal Bank is based in Plano, Tex. Trump Entertainment, based in Atlantic City, owns the Trump Taj Mahal Resort, the Trump Plaza Hotel & Casino and the Trump Marina Hotel Casino.
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“Despite the current problems in Atlantic City I continue to have great faith in the city’s future,” Mr. Icahn said in the statement. The competing plan “is a roll of the dice to releverage these operations, which may well turn into a round-trip ticket to bankruptcy court,” he said. Beal Bank is based in Plano, Tex. Trump Entertainment, based in Atlantic City, owns the Trump Taj Mahal Resort, the Trump Plaza Hotel & Casino and the Trump Marina Hotel Casino.
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Wednesday, December 9, 2009
Casinos back Trump, bondholder plan to buy company - 5th December 2009
Trump Entertainment Resorts has backed a plan to let bondholders buy the company's three Atlantic City casinos out of bankruptcy and give Donald Trump a minority share.
But after weeks of talks, the bondholders and Trump still could not reach an agreement with Dallas-based Beal Bank. The bank will file a competing plan Friday laying out its own effort to obtain the company by converting its $486 million loan to the casinos into equity in the company.
Trump Entertainment CEO Mark Juliano says both sides will continue to talk and said he is optimistic a deal can be reached to eliminate the need for a judge to choose between the plans.
The Trump-bondholder plan would pay $225 million for the company, with Donald Trump getting 10 percent.
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But after weeks of talks, the bondholders and Trump still could not reach an agreement with Dallas-based Beal Bank. The bank will file a competing plan Friday laying out its own effort to obtain the company by converting its $486 million loan to the casinos into equity in the company.
Trump Entertainment CEO Mark Juliano says both sides will continue to talk and said he is optimistic a deal can be reached to eliminate the need for a judge to choose between the plans.
The Trump-bondholder plan would pay $225 million for the company, with Donald Trump getting 10 percent.
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Thursday, October 1, 2009
Trump Entertainment CEO surprised by new bidder - 30th September 2009
NEW YORK, Sept 30 - Trump Entertainment Resorts Inc's (TRMPQ.PK) chief executive said he was surprised by a private equity fund's announcement on Wednesday that it wanted to participate in the bankrupt company's restructuring.
The fund, New Century Investments, had previously expressed interest in the company, but could not "verify their financial wherewithal," said Trump CEO Mark Juliano.
Trump last spoke to the fund in February and has not heard from it since, Juliano said.
New Century said in a statement that it has been following the company since late 2008 and now believed it was "time for us to make our move." They did not provide details about how they planned to participate in the restructuring.
Credit: Reuters, Wires, Google News
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The fund, New Century Investments, had previously expressed interest in the company, but could not "verify their financial wherewithal," said Trump CEO Mark Juliano.
Trump last spoke to the fund in February and has not heard from it since, Juliano said.
New Century said in a statement that it has been following the company since late 2008 and now believed it was "time for us to make our move." They did not provide details about how they planned to participate in the restructuring.
Credit: Reuters, Wires, Google News
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Wednesday, August 5, 2009
Trumped by Trump? - Bloomberg News - 5th August 2009
Trump Entertainment Resorts bondholders are preparing to challenge Donald Trump's plan to buy the bankrupt casino company and leave them with nothing.
Trump and an affiliate of Beal Bank Nevada agreed yesterday to invest $US100 million ($119 million) in the company, while Beal would postpone the maturity date of a $US486 million loan until December 2020 from 2012. Bondholders, who are owed $US1.25 billion, may argue in bankruptcy court that the deal undervalues the company, whose assets consist mainly of three casinos in Atlantic City, New Jersey, according to a person familiar with the situation.
``The stories of Mr. Trump's regaining control of the debtors are simply inaccurate,'' said Kristopher Hansen, co-head of the financial restructuring practice at Stroock & Stroock & Lavan LLP in New York, who is representing bondholders. ``The plan proposed by Beal Bank and Donald Trump is not capable of confirmation for many reasons,'' Hansen said in an e-mailed statement.
Trump is attempting to recover control of the company he founded after the properties it owns ended up in bankruptcy protection a third time. Any value above the Beal loan, which ranks first for repayment, should go to bondholders, according to the person, who declined to be identified because the creditors are still discussing how to respond. Shareholders would also get nothing under Trump's offer, which requires court approval.
`Too low'
Trump's plan puts ``too low'' a valuation on the company and we ``suspect bond holders, who are second lien but are being offered nothing in this plan, will object,'' Barbara Cappaert, an analyst at high-yield research firm KDP Investment Advisors Inc. in Montpelier, Vermont, wrote in a report today. ``This will likely delay an eventual reorganization for several more months.''
Atlantic City-based Trump Entertainment filed for Chapter 11 bankruptcy in Camden, New Jersey, on Feb. 17, days after Trump quit as chairman and said he was severing ties. At the time of the filing, the company listed assets of $US2.06 billion and debt of $US1.74 billion as of Dec. 31.
``The filing of a bankruptcy plan is standard in the restructuring process and signifies the start of a many months long process that guarantees no certain outcome,'' Hansen said.
Tom Hickey, a Trump Entertainment spokesman, declined to comment beyond yesterday's company statement.
Bondholders will ``have a very hard time proving'' the casino company is worth more than $US500 million in court, Trump, 63, said in a telephone interview today.
`Needs leadership'
``They appointed most of the board of directors and this was already sent to the board,'' Trump said. Bondholders have failed to reach their own agreement with the board, he said.
Additional capital from bondholders would be too expensive and under any plan other than his own, Beal Bank may not let Trump Entertainment extend the maturity on the loan, Trump said.
Bondholders ``want to invest money with a large amount of interest on that money, and that doesn't work,'' Trump said. ``These people have been running the company for the last three years. They put the board on, they hired everybody and look what happened. I haven't been involved in management in a long time. This is a company that needs equity investment and needs leadership.''
Trump Entertainment's $US1.25 billion of 8.5 per cent notes maturing in 2015 last traded at 12.25 cents on the dollar on July 23, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority. The securities traded as high as 103.375 cents as recently as June 2007.
Cappaert recommends investors ``hold'' the securities because ``bondholders deserve and will earn a level of return consistent with current bond prices,'' she said in the report. (Credit: Bloomberg News)
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Trump and an affiliate of Beal Bank Nevada agreed yesterday to invest $US100 million ($119 million) in the company, while Beal would postpone the maturity date of a $US486 million loan until December 2020 from 2012. Bondholders, who are owed $US1.25 billion, may argue in bankruptcy court that the deal undervalues the company, whose assets consist mainly of three casinos in Atlantic City, New Jersey, according to a person familiar with the situation.
``The stories of Mr. Trump's regaining control of the debtors are simply inaccurate,'' said Kristopher Hansen, co-head of the financial restructuring practice at Stroock & Stroock & Lavan LLP in New York, who is representing bondholders. ``The plan proposed by Beal Bank and Donald Trump is not capable of confirmation for many reasons,'' Hansen said in an e-mailed statement.
Trump is attempting to recover control of the company he founded after the properties it owns ended up in bankruptcy protection a third time. Any value above the Beal loan, which ranks first for repayment, should go to bondholders, according to the person, who declined to be identified because the creditors are still discussing how to respond. Shareholders would also get nothing under Trump's offer, which requires court approval.
`Too low'
Trump's plan puts ``too low'' a valuation on the company and we ``suspect bond holders, who are second lien but are being offered nothing in this plan, will object,'' Barbara Cappaert, an analyst at high-yield research firm KDP Investment Advisors Inc. in Montpelier, Vermont, wrote in a report today. ``This will likely delay an eventual reorganization for several more months.''
Atlantic City-based Trump Entertainment filed for Chapter 11 bankruptcy in Camden, New Jersey, on Feb. 17, days after Trump quit as chairman and said he was severing ties. At the time of the filing, the company listed assets of $US2.06 billion and debt of $US1.74 billion as of Dec. 31.
``The filing of a bankruptcy plan is standard in the restructuring process and signifies the start of a many months long process that guarantees no certain outcome,'' Hansen said.
Tom Hickey, a Trump Entertainment spokesman, declined to comment beyond yesterday's company statement.
Bondholders will ``have a very hard time proving'' the casino company is worth more than $US500 million in court, Trump, 63, said in a telephone interview today.
`Needs leadership'
``They appointed most of the board of directors and this was already sent to the board,'' Trump said. Bondholders have failed to reach their own agreement with the board, he said.
Additional capital from bondholders would be too expensive and under any plan other than his own, Beal Bank may not let Trump Entertainment extend the maturity on the loan, Trump said.
Bondholders ``want to invest money with a large amount of interest on that money, and that doesn't work,'' Trump said. ``These people have been running the company for the last three years. They put the board on, they hired everybody and look what happened. I haven't been involved in management in a long time. This is a company that needs equity investment and needs leadership.''
Trump Entertainment's $US1.25 billion of 8.5 per cent notes maturing in 2015 last traded at 12.25 cents on the dollar on July 23, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority. The securities traded as high as 103.375 cents as recently as June 2007.
Cappaert recommends investors ``hold'' the securities because ``bondholders deserve and will earn a level of return consistent with current bond prices,'' she said in the report. (Credit: Bloomberg News)
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Trump Entertainment Resorts Enters Into Agreement to Sell Company; Files Plan of Reorganization
* Donald J. Trump and BNAC, Inc. to Invest $100 million Cash for Full Equity Ownership of Private Company
* Company and Senior Lender Agree to Amended Credit Agreement With Favorable Terms
ATLANTIC CITY, N.J., Aug. 3, 2009 - Trump Entertainment Resorts, Inc. (the "Company") announced today that it entered into a Purchase Agreement (the "Purchase Agreement") with Donald J. Trump ("Trump") and BNAC, Inc., an affiliate of Beal Bank Nevada, under the terms of which Trump and BNAC will invest $100 million cash in the newly private company and become its owners.
In connection with the Purchase Agreement, on August 3, 2009, the Company and its partnership subsidiary also entered into a commitment letter with Beal Bank and Beal Bank Nevada to amend and restate the Beal Credit Agreement with the Partnership in order to restructure approximately $486 million in debt. Under the amended Credit Agreement, the maturity period for the repayment is extended until December 2020 from the existing maturity of 2012.
In connection with the execution of the Purchase Agreement and the Commitment Letter to amend and reinstate the Credit Agreement, the Company filed with the Court a Disclosure Statement including a joint Plan of Reorganization (the "Plan"). The Plan is both backed by Company's management and received the approval of the Company's Board of Directors. The Plan provides for the completion of the Purchase Agreement and the restructuring of the Company's debt under the terms of the Commitment Letter. Pursuant to the Plan, no distributions will be made to the holders of the Company's outstanding equity or debt securities. The Plan is subject to confirmation by the Bankruptcy Court, customary closing conditions including regulatory approval and the consummation of the transactions contemplated by the Purchase Agreement and commitment letter relating to the amended credit agreement.
The Company's chief executive, Mark Juliano, said, "The Plan of reorganization that we filed today is a significant event for our company because it includes an adjustment to our debt and the commitment of Mr. Trump and BNAC to invest new capital. As a private enterprise under the ownership of the Trump family and BNAC, the company will be well capitalized and positioned for success, and we are hopeful for the Court's expeditious approval so that the new capital can start being invested. I am confident that this is the best proposal to provide the company with a platform for growth. I am truly excited about the future."
Commenting on a return to Atlantic City, Donald J. Trump said, "My previous investment in the company was destroyed by excessive and restrictive debt. This reorganization changes all that. I am pleased that the reorganization affords me an opportunity to make a new investment and help revive a company that has borne my name, but not performed to my standards or been under my management. My daughter Ivanka and I will work tirelessly to make this company great again. As I have done in the past, we will make Atlantic City hot once more."
Andy Beal, Beal Bank President and CEO, said, "We have a longstanding relationship with Donald Trump through previous transactions, and we are pleased to continue that relationship as he works to return Trump Entertainment Resorts to profitability and long-term success."
On February 17, 2009, the Company filed its Chapter 11 petitions for relief in the United States Bankruptcy Court for the District of New Jersey in order to restructure the company's indebtedness and strengthen its balance sheet. The Company strongly believes that its Plan satisfies necessary requirements and is hopeful that it will be confirmed by the Court. Information regarding the Chapter 11 proceedings, including the Plan, is available at www.TERrecap.com.
Trump Entertainment Resorts, Inc. owns, through its interest in Trump Entertainment Resorts Holdings, LP, and operates three casino resort properties: Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino, located on the Boardwalk in Atlantic City, New Jersey, and Trump Marina Hotel Casino, located in Atlantic City's Marina District. Mr. Trump is not involved in the Company's daily operations or management. The Company is separate and distinct from Mr. Trump's privately held real estate and other holdings.
PSLRA Safe Harbor for Forward-Looking Statements and Additional Available Information
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements. All statements and information concerning plans, expectations, estimates and beliefs, as well as other statements including words such as "intend," "anticipate," "believe," "plan," "estimate," "expect," will," "could," "optimistic," "can," "strategy" and other similar expressions, constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. In connection with certain forward-looking statements contained in this release and those that may be made in the future by or on behalf of the Company or the Issuers, the Company and the Issuers note that there are various factors that could cause actual results to differ materially from those set forth in any such forward-looking statements. The forward-looking statements contained in this release reflect the opinion of management as of the date of this release and are qualified by, and subject to, significant business, economic, competitive, regulatory and other uncertainties and contingencies, all of which are difficult or impossible to predict and many of which are beyond the control of the Company and the Issuers. Accordingly, there can be no assurance that the forward-looking statements contained in this release will be realized. Readers are hereby advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time or other factors beyond the control of the Company and the Issuers. The Company and the Issuers do not intend, however, to update the guidance provided herein prior to its next release or unless otherwise required to do so. Readers of this release should consider these facts in evaluating the information contained herein. In light of the foregoing, readers of this release are cautioned not to place undue reliance on the forward-looking statements contained herein. Important factors that could cause actual results to differ from those contemplated by forward-looking statements include, but are not limited to, the Debtors' ability to obtain Bankruptcy Court approval with respect to motions in the chapter 11 cases prosecuted by it from time to time; the ability of the Debtors to confirm and consummate the Plan or any other plan of reorganization with respect to the chapter 11 cases, the terms of the restructuring or reorganization plan ultimately implemented, the timing thereof, the related costs and expenses, and the ability of the Registrants to maintain normal relationships with its vendors, service providers and customers. The Registrants disclaim any intention or obligation to update or revise an forward-looking statements, whether as a result of new information, future events and/or otherwise. Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Debtors' various pre-petition liabilities, common stock and/or other equity securities. Additional information concerning the potential risk factors that could affect future performance are described from time to time in the Company's periodic reports filed with the SEC, including, but not limited to, the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. These reports may be viewed free of charge on the SEC's website, www.sec.gov, or on the Company's website, www.trumpcasinos.com.
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* Company and Senior Lender Agree to Amended Credit Agreement With Favorable Terms
ATLANTIC CITY, N.J., Aug. 3, 2009 - Trump Entertainment Resorts, Inc. (the "Company") announced today that it entered into a Purchase Agreement (the "Purchase Agreement") with Donald J. Trump ("Trump") and BNAC, Inc., an affiliate of Beal Bank Nevada, under the terms of which Trump and BNAC will invest $100 million cash in the newly private company and become its owners.
In connection with the Purchase Agreement, on August 3, 2009, the Company and its partnership subsidiary also entered into a commitment letter with Beal Bank and Beal Bank Nevada to amend and restate the Beal Credit Agreement with the Partnership in order to restructure approximately $486 million in debt. Under the amended Credit Agreement, the maturity period for the repayment is extended until December 2020 from the existing maturity of 2012.
In connection with the execution of the Purchase Agreement and the Commitment Letter to amend and reinstate the Credit Agreement, the Company filed with the Court a Disclosure Statement including a joint Plan of Reorganization (the "Plan"). The Plan is both backed by Company's management and received the approval of the Company's Board of Directors. The Plan provides for the completion of the Purchase Agreement and the restructuring of the Company's debt under the terms of the Commitment Letter. Pursuant to the Plan, no distributions will be made to the holders of the Company's outstanding equity or debt securities. The Plan is subject to confirmation by the Bankruptcy Court, customary closing conditions including regulatory approval and the consummation of the transactions contemplated by the Purchase Agreement and commitment letter relating to the amended credit agreement.
The Company's chief executive, Mark Juliano, said, "The Plan of reorganization that we filed today is a significant event for our company because it includes an adjustment to our debt and the commitment of Mr. Trump and BNAC to invest new capital. As a private enterprise under the ownership of the Trump family and BNAC, the company will be well capitalized and positioned for success, and we are hopeful for the Court's expeditious approval so that the new capital can start being invested. I am confident that this is the best proposal to provide the company with a platform for growth. I am truly excited about the future."
Commenting on a return to Atlantic City, Donald J. Trump said, "My previous investment in the company was destroyed by excessive and restrictive debt. This reorganization changes all that. I am pleased that the reorganization affords me an opportunity to make a new investment and help revive a company that has borne my name, but not performed to my standards or been under my management. My daughter Ivanka and I will work tirelessly to make this company great again. As I have done in the past, we will make Atlantic City hot once more."
Andy Beal, Beal Bank President and CEO, said, "We have a longstanding relationship with Donald Trump through previous transactions, and we are pleased to continue that relationship as he works to return Trump Entertainment Resorts to profitability and long-term success."
On February 17, 2009, the Company filed its Chapter 11 petitions for relief in the United States Bankruptcy Court for the District of New Jersey in order to restructure the company's indebtedness and strengthen its balance sheet. The Company strongly believes that its Plan satisfies necessary requirements and is hopeful that it will be confirmed by the Court. Information regarding the Chapter 11 proceedings, including the Plan, is available at www.TERrecap.com.
Trump Entertainment Resorts, Inc. owns, through its interest in Trump Entertainment Resorts Holdings, LP, and operates three casino resort properties: Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino, located on the Boardwalk in Atlantic City, New Jersey, and Trump Marina Hotel Casino, located in Atlantic City's Marina District. Mr. Trump is not involved in the Company's daily operations or management. The Company is separate and distinct from Mr. Trump's privately held real estate and other holdings.
PSLRA Safe Harbor for Forward-Looking Statements and Additional Available Information
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements. All statements and information concerning plans, expectations, estimates and beliefs, as well as other statements including words such as "intend," "anticipate," "believe," "plan," "estimate," "expect," will," "could," "optimistic," "can," "strategy" and other similar expressions, constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. In connection with certain forward-looking statements contained in this release and those that may be made in the future by or on behalf of the Company or the Issuers, the Company and the Issuers note that there are various factors that could cause actual results to differ materially from those set forth in any such forward-looking statements. The forward-looking statements contained in this release reflect the opinion of management as of the date of this release and are qualified by, and subject to, significant business, economic, competitive, regulatory and other uncertainties and contingencies, all of which are difficult or impossible to predict and many of which are beyond the control of the Company and the Issuers. Accordingly, there can be no assurance that the forward-looking statements contained in this release will be realized. Readers are hereby advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time or other factors beyond the control of the Company and the Issuers. The Company and the Issuers do not intend, however, to update the guidance provided herein prior to its next release or unless otherwise required to do so. Readers of this release should consider these facts in evaluating the information contained herein. In light of the foregoing, readers of this release are cautioned not to place undue reliance on the forward-looking statements contained herein. Important factors that could cause actual results to differ from those contemplated by forward-looking statements include, but are not limited to, the Debtors' ability to obtain Bankruptcy Court approval with respect to motions in the chapter 11 cases prosecuted by it from time to time; the ability of the Debtors to confirm and consummate the Plan or any other plan of reorganization with respect to the chapter 11 cases, the terms of the restructuring or reorganization plan ultimately implemented, the timing thereof, the related costs and expenses, and the ability of the Registrants to maintain normal relationships with its vendors, service providers and customers. The Registrants disclaim any intention or obligation to update or revise an forward-looking statements, whether as a result of new information, future events and/or otherwise. Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Debtors' various pre-petition liabilities, common stock and/or other equity securities. Additional information concerning the potential risk factors that could affect future performance are described from time to time in the Company's periodic reports filed with the SEC, including, but not limited to, the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. These reports may be viewed free of charge on the SEC's website, www.sec.gov, or on the Company's website, www.trumpcasinos.com.
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Wednesday, June 24, 2009
Donald Trump aims to retake control of casinos, by Wayne Parry - 16th June 2009
CAMDEN, N.J. (AP) — As the casino company that bore his name sank deeper and deeper into the red this year, Donald Trump went head to head with bondholders trying to buy it and take it private — and lost.
Now the real estate mogul, whose distaste for losing is legendary, is back in the ring and pushing a plan to buy Trump Entertainment Resorts out of bankruptcy.
To succeed, he'll have to beat out a competing offer advanced by the bondholders.
The three Atlantic City casinos owned by Trump Entertainment still bear his name, but that's the extent of Donald Trump's involvement with them right now. He had to relinquish day-to-day control of the company following a 2004 bankruptcy — the second of three the company would file.
When his offer to buy the company and take it private was spurned in February by board members allied with bondholders, Trump resigned as chairman, saying his stock was now "worthless to me." His daughter, Ivanka, also resigned from the company's board.
Mark Juliano, the company's CEO, said Tuesday the board will weigh the two competing offers for the company and does not plan to formulate one of its own.
Neither plan has been filed with the court so the terms of both remain confidential.
Donald Trump's offer is in partnership with Dallas-based Beal Bank, run by Andy Beal, a close friend.
Juliano would not comment in detail on either proposal, other than to say both seek to reduce the company's debt to levels that can be supported by its reduced cash flow.
He would not specify a target number for the debt level beyond saying it is below the current $1.7 billion.
"We're looking for a plan that represents the opportunity to have an appropriate balance sheet and allows the company to generate enough cash to support its leverage, which it hasn't been able to do in the past," Juliano said.
Two past Trump bankruptcy reorganizations have failed largely because they did not eliminate enough debt to make the company competitive in the cutthroat Atlantic City market. That competition is more fierce now than ever with slots parlors in Pennsylvania and New York draining away loyal customers and revenue.
For the first five months of this year, Atlantic City casino winnings are down 15.7 percent.
Both Donald Trump and Erez Gilad, an attorney for the bondholders, declined comment Tuesday.
On Tuesday, a bankruptcy court judge gave the company an extra 45 days to consider the plans, but Juliano predicted it would not take that long to decide on one.
Juliano also said there are no current offers to buy Trump Marina Hotel Casino. A deal to sell the struggling gambling hall to Richard Fields, a New York developer who was once a protege of Donald Trump, fell through this month.
He said both purchase plans submitted to the Trump Entertainment board envision the company having three casinos in Atlantic City.
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Now the real estate mogul, whose distaste for losing is legendary, is back in the ring and pushing a plan to buy Trump Entertainment Resorts out of bankruptcy.
To succeed, he'll have to beat out a competing offer advanced by the bondholders.
The three Atlantic City casinos owned by Trump Entertainment still bear his name, but that's the extent of Donald Trump's involvement with them right now. He had to relinquish day-to-day control of the company following a 2004 bankruptcy — the second of three the company would file.
When his offer to buy the company and take it private was spurned in February by board members allied with bondholders, Trump resigned as chairman, saying his stock was now "worthless to me." His daughter, Ivanka, also resigned from the company's board.
Mark Juliano, the company's CEO, said Tuesday the board will weigh the two competing offers for the company and does not plan to formulate one of its own.
Neither plan has been filed with the court so the terms of both remain confidential.
Donald Trump's offer is in partnership with Dallas-based Beal Bank, run by Andy Beal, a close friend.
Juliano would not comment in detail on either proposal, other than to say both seek to reduce the company's debt to levels that can be supported by its reduced cash flow.
He would not specify a target number for the debt level beyond saying it is below the current $1.7 billion.
"We're looking for a plan that represents the opportunity to have an appropriate balance sheet and allows the company to generate enough cash to support its leverage, which it hasn't been able to do in the past," Juliano said.
Two past Trump bankruptcy reorganizations have failed largely because they did not eliminate enough debt to make the company competitive in the cutthroat Atlantic City market. That competition is more fierce now than ever with slots parlors in Pennsylvania and New York draining away loyal customers and revenue.
For the first five months of this year, Atlantic City casino winnings are down 15.7 percent.
Both Donald Trump and Erez Gilad, an attorney for the bondholders, declined comment Tuesday.
On Tuesday, a bankruptcy court judge gave the company an extra 45 days to consider the plans, but Juliano predicted it would not take that long to decide on one.
Juliano also said there are no current offers to buy Trump Marina Hotel Casino. A deal to sell the struggling gambling hall to Richard Fields, a New York developer who was once a protege of Donald Trump, fell through this month.
He said both purchase plans submitted to the Trump Entertainment board envision the company having three casinos in Atlantic City.
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Donald Trump’s commercial-free Raw does big rating, by Kevin Eck - Baltimore Sun - 23rd June 2009
Whether it can be attributed to the publicity WWE received from the Donald Trump story line, the commercial-free format, the advertised main event of a Last Man Standing Match for the WWE title between Randy Orton and Triple H, or some combination of the three, one thing is for sure: Monday’s episode of Raw was a huge ratings success.
Raw drew a 4.5 rating (4.3 first hour; 4.8 second hour), a significant increase from last week’s 3.7. The show’s 6,813,000 viewers made it the most-watched episode of Raw since March 25, 2002, according to wwe.com.
You have to hand it to Trump. WrestleMania 23, which was built around his hair versus hair match against Vince McMahon, did a company-record 1.2 million pay-per-view buys in 2007, and now he is the central figure on the highest-rated Raw in more than seven years.
Based on the rating, I wonder if the Trump story line, which appeared to end on Monday after just one week, might continue at some point. A story on wwe.com about Trump’s appearance on Raw said “this may not be the end of the feud between these two world class promoters.” (Credit: Baltimore Sun)
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Donald Trump
Vince McMahon
World Wrestling Entertainment
Media Companies
Television
Broadcasting
Media News
Financial News
Wrestling News
Raw drew a 4.5 rating (4.3 first hour; 4.8 second hour), a significant increase from last week’s 3.7. The show’s 6,813,000 viewers made it the most-watched episode of Raw since March 25, 2002, according to wwe.com.
You have to hand it to Trump. WrestleMania 23, which was built around his hair versus hair match against Vince McMahon, did a company-record 1.2 million pay-per-view buys in 2007, and now he is the central figure on the highest-rated Raw in more than seven years.
Based on the rating, I wonder if the Trump story line, which appeared to end on Monday after just one week, might continue at some point. A story on wwe.com about Trump’s appearance on Raw said “this may not be the end of the feud between these two world class promoters.” (Credit: Baltimore Sun)
Media Man Australia Profiles
Donald Trump
Vince McMahon
World Wrestling Entertainment
Media Companies
Television
Broadcasting
Media News
Financial News
Wrestling News
Monday, June 22, 2009
Vinnie Brings The Donald Back Into The Act, by Mike Mooneyham - 21st June 2009
Last year Vince McMahon gave away a million dollars in an attempt to lure viewers to Monday Night Raw.
Now he’s pretending to have sold Raw, WWE’s flagship show, to the even richer and perhaps more megalomaniacal Donald Trump.
Last week’s “shocking” announcement on Raw didn’t produce the effect McMahon had hoped for. That’s because fans rarely believe anything the WWE owner says these days.
But even if the WWE Universe faithful didn’t buy the prank, Vince was betting on selling the angle to the mainstream media. It’s happened before, although the non-wrestling press has become smarter over the years.
Some media outlets, such as TV Guide and Bloomberg, initially reported it as fact. FoxBusiness.com posted the release itself. But they were the exceptions.
The hope now is that Trump, who once was brought in for a storyline feud with McMahon that culminated with The Donald shaving Vince’s head at Wrestlemania 23, will again produce some magic with McMahon.
McMahon, however, is in no danger of losing his company or Raw, which remains one of the top-rated shows on cable television.
WWE and USA Network even issued a bogus joint press release last week to announce the change in ownership. It was, McMahon stated, an undisclosed offer he “couldn’t refuse.”
USA was forced to release an apology Thursday.
“We intended the release to be promotional for that ongoing story arc on the series,” USA said in the statement. “There is no such actual ‘sale.’ We apologize for any confusion.”
The takeover plot continues Monday when the real estate mogul appears on a commercial-free episode of the show as its new owner.
It will mark the first time in more than 838 episodes that Raw will be commercial-free.
“I’m going to do things on the show that have never been done or seen before,” Trump boasted last week.
Whether or not that’s a good thing remains to be seen. Trump looks out of his element on a wrestling show. He’s certainly no Vince. And, like most non-wrestling personalities attempting to do pro wrestling, his delivery is forced and contrived. (Credit: Post and Courier)
Media Man Australia Profiles
Donald Trump
Vince McMahon
Now he’s pretending to have sold Raw, WWE’s flagship show, to the even richer and perhaps more megalomaniacal Donald Trump.
Last week’s “shocking” announcement on Raw didn’t produce the effect McMahon had hoped for. That’s because fans rarely believe anything the WWE owner says these days.
But even if the WWE Universe faithful didn’t buy the prank, Vince was betting on selling the angle to the mainstream media. It’s happened before, although the non-wrestling press has become smarter over the years.
Some media outlets, such as TV Guide and Bloomberg, initially reported it as fact. FoxBusiness.com posted the release itself. But they were the exceptions.
The hope now is that Trump, who once was brought in for a storyline feud with McMahon that culminated with The Donald shaving Vince’s head at Wrestlemania 23, will again produce some magic with McMahon.
McMahon, however, is in no danger of losing his company or Raw, which remains one of the top-rated shows on cable television.
WWE and USA Network even issued a bogus joint press release last week to announce the change in ownership. It was, McMahon stated, an undisclosed offer he “couldn’t refuse.”
USA was forced to release an apology Thursday.
“We intended the release to be promotional for that ongoing story arc on the series,” USA said in the statement. “There is no such actual ‘sale.’ We apologize for any confusion.”
The takeover plot continues Monday when the real estate mogul appears on a commercial-free episode of the show as its new owner.
It will mark the first time in more than 838 episodes that Raw will be commercial-free.
“I’m going to do things on the show that have never been done or seen before,” Trump boasted last week.
Whether or not that’s a good thing remains to be seen. Trump looks out of his element on a wrestling show. He’s certainly no Vince. And, like most non-wrestling personalities attempting to do pro wrestling, his delivery is forced and contrived. (Credit: Post and Courier)
Media Man Australia Profiles
Donald Trump
Vince McMahon
Tuesday, May 19, 2009
Donald Trump sues author Tim O'Brien for saying he is not a billionaire, by Jon Hurdle - AAP - 19th May 2009
Lawyers for real estate mogul Donald Trump urged a judge overnight to allow his defamation case against a journalist to go forward, saying the writer damaged his reputation by contending he is not a billionaire.
But lawyers for author Timothy O'Brien and his publisher, Time Warner unit Warner Books, denied MrTrump had lost business opportunities as a result of the 2005 book, and urged the judge to dismiss the lawsuit.
Ms Fox, after a two-hour hearing, said she would rule within two months on whether the case should be thrown out or go to a jury trial in October.
Mr Trump, who filed the lawsuit in 2006 and is seeking billions in damages, did not attend the proceedings.
The book Trump Nation: The Art of Being the Donald cited three unnamed sources estimating Trump's worth at $US150 million ($197 million) to $US250 million, much less than the billions that the developer and television personality has said he is worth.
In an interview with The Wall Street Journal published overnight, Mr Trump said he is worth $US5 billion, not counting the value of his brand name.
That follows a deposition given to Mr O'Brien's lawyers in which Trump put his wealth at more than $US4 billion, the Journal said.
In 2005, Deutsche Bank estimated his net worth as $US788 million in a calculation made for the bank's underwriting of a $US640 million construction loan for some of Mr Trump's Chicago properties, the newspaper reported.
In court, Mr Trump's attorney William Tambussi attacked the credibility of Mr O'Brien's anonymous sources, saying their estimates of his client's net worth widely varied.
"The same source can't go from $60 million to $250 million and be considered reliable," Mr Tambussi said.
Mr Trump's reputation was damaged by the book's statements including that he was the "court jester of the American business scene" and that "As a businessman, he is a train wreck," Mr Tambussi told the court.
Andrew Ceresney, an attorney for Mr O'Brien, said his client had worked with the sources cited in his book before, and was confident that they had inside knowledge of Mr Trump's finances. He said Mr O'Brien had not acted maliciously.
Mr Ceresney also said Mr Trump had not lost business opportunities as a result of the book, which he said did not sell very well.
He questioned Mr Trump's claim that he had lost four overseas development projects as a result of negative publicity surrounding the book.
"There is no evidence in the record that these four even existed, save for Mr. Trump's own self-serving statements," Mr Ceresney said. (Credit: AAP)
Media Man Australia Profiles
Donald Trump
But lawyers for author Timothy O'Brien and his publisher, Time Warner unit Warner Books, denied MrTrump had lost business opportunities as a result of the 2005 book, and urged the judge to dismiss the lawsuit.
Ms Fox, after a two-hour hearing, said she would rule within two months on whether the case should be thrown out or go to a jury trial in October.
Mr Trump, who filed the lawsuit in 2006 and is seeking billions in damages, did not attend the proceedings.
The book Trump Nation: The Art of Being the Donald cited three unnamed sources estimating Trump's worth at $US150 million ($197 million) to $US250 million, much less than the billions that the developer and television personality has said he is worth.
In an interview with The Wall Street Journal published overnight, Mr Trump said he is worth $US5 billion, not counting the value of his brand name.
That follows a deposition given to Mr O'Brien's lawyers in which Trump put his wealth at more than $US4 billion, the Journal said.
In 2005, Deutsche Bank estimated his net worth as $US788 million in a calculation made for the bank's underwriting of a $US640 million construction loan for some of Mr Trump's Chicago properties, the newspaper reported.
In court, Mr Trump's attorney William Tambussi attacked the credibility of Mr O'Brien's anonymous sources, saying their estimates of his client's net worth widely varied.
"The same source can't go from $60 million to $250 million and be considered reliable," Mr Tambussi said.
Mr Trump's reputation was damaged by the book's statements including that he was the "court jester of the American business scene" and that "As a businessman, he is a train wreck," Mr Tambussi told the court.
Andrew Ceresney, an attorney for Mr O'Brien, said his client had worked with the sources cited in his book before, and was confident that they had inside knowledge of Mr Trump's finances. He said Mr O'Brien had not acted maliciously.
Mr Ceresney also said Mr Trump had not lost business opportunities as a result of the book, which he said did not sell very well.
He questioned Mr Trump's claim that he had lost four overseas development projects as a result of negative publicity surrounding the book.
"There is no evidence in the record that these four even existed, save for Mr. Trump's own self-serving statements," Mr Ceresney said. (Credit: AAP)
Media Man Australia Profiles
Donald Trump
Wednesday, March 18, 2009
Trump wins a round in bankruptcy court, by Wayne Parry - Fairfax - 18th March 2009
A judge agrees with Donald Trump that bondholders who pushed his former casino company into bankruptcy should not have their fees paid by the company.
That was the good news for Trump on Tuesday. The bad news was a report from an independent auditor who cautioned that because of the bankruptcy and other competitive disadvantages, there is "substantial doubt" about whether Trump Entertainment Resorts can survive.
The company owns three Atlantic City casinos. It filed for bankruptcy protection last month after it failed to reach a deal with bondholders on restructuring $1.25 billion in debt. The bankruptcy filing was the third for the casinos, though the company in its current form is filing for the first time.
In Camden, Judge Judith Wizmur ruled the company cannot pay for lawyers and professional fees on behalf of unofficial committees of bondholders whose debts may be more than their collateral.
Secured creditors, including Beal Bank, can have their fees paid.
Trump resigned as chairman of the company last month after bondholders rejected his bid to buy the company and take it private.
"While I am out of the company and while it has no impact on my net worth, I believe this was a great ruling, and very well justified," he said in an interview Tuesday about asking his lawyer to challenge the fees. "I did it because it was the right thing to do."
In resigning from the board on Feb. 13, Trump decried the millions of dollars being racked up by lawyers and advisers in the run-up to an unrelated bankruptcy court sale of the Tropicana Casino and Resort.
He said he did not want to see the same thing happen to the company that bears his name and that he once controlled.
The judge said bondholders could have their legal fees paid at the end of the case if they help contribute to a successful resolution.
The court hearing came a day after the company, in its annual report, made public a letter from auditors Ernst & Young that raised questions about Trump Entertainment's prospects for surviving the bankruptcy.
Mark Juliano, the company's CEO, agreed that in its current condition, the company would have a hard time surviving. But it is counting on a restructuring to reduce its debt and interest payments to more manageable levels.
"We are confident the company will emerge in a condition that will enable it to be an ongoing concern," he said.
Talks are already under way with creditors, but Juliano declined to say how serious he believes they are.
Trump Entertainment plans to operate as usual during bankruptcy.
But it also listed several competitive disadvantages it faces, including having less cash on hand and less financial flexibility than competitors. It also may have a hard time maintaining its facilities and attracting customers during bankruptcy and may need additional financing, which is already hard to get.
Media Man Australia Profiles
Donald Trump
Trump Entertainment Resorts
That was the good news for Trump on Tuesday. The bad news was a report from an independent auditor who cautioned that because of the bankruptcy and other competitive disadvantages, there is "substantial doubt" about whether Trump Entertainment Resorts can survive.
The company owns three Atlantic City casinos. It filed for bankruptcy protection last month after it failed to reach a deal with bondholders on restructuring $1.25 billion in debt. The bankruptcy filing was the third for the casinos, though the company in its current form is filing for the first time.
In Camden, Judge Judith Wizmur ruled the company cannot pay for lawyers and professional fees on behalf of unofficial committees of bondholders whose debts may be more than their collateral.
Secured creditors, including Beal Bank, can have their fees paid.
Trump resigned as chairman of the company last month after bondholders rejected his bid to buy the company and take it private.
"While I am out of the company and while it has no impact on my net worth, I believe this was a great ruling, and very well justified," he said in an interview Tuesday about asking his lawyer to challenge the fees. "I did it because it was the right thing to do."
In resigning from the board on Feb. 13, Trump decried the millions of dollars being racked up by lawyers and advisers in the run-up to an unrelated bankruptcy court sale of the Tropicana Casino and Resort.
He said he did not want to see the same thing happen to the company that bears his name and that he once controlled.
The judge said bondholders could have their legal fees paid at the end of the case if they help contribute to a successful resolution.
The court hearing came a day after the company, in its annual report, made public a letter from auditors Ernst & Young that raised questions about Trump Entertainment's prospects for surviving the bankruptcy.
Mark Juliano, the company's CEO, agreed that in its current condition, the company would have a hard time surviving. But it is counting on a restructuring to reduce its debt and interest payments to more manageable levels.
"We are confident the company will emerge in a condition that will enable it to be an ongoing concern," he said.
Talks are already under way with creditors, but Juliano declined to say how serious he believes they are.
Trump Entertainment plans to operate as usual during bankruptcy.
But it also listed several competitive disadvantages it faces, including having less cash on hand and less financial flexibility than competitors. It also may have a hard time maintaining its facilities and attracting customers during bankruptcy and may need additional financing, which is already hard to get.
Media Man Australia Profiles
Donald Trump
Trump Entertainment Resorts
Tuesday, February 17, 2009
Donald Trump resigns from board of Trump Entertainment - 16th February 2009
American tycoon Donald Trump has quit the board of debt-laden Trump Entertainment Resorts as the company he founded faces possible bankruptcy this week.
"I have nothing to do with it. I'm not in it, I'm not on the board," said Mr Trump, who was chairman.
The reality TV star said he had no idea if there would be a bankruptcy filing.
Trump Entertainment faces a February 17 deadline to make a $US53 million ($81 million) bond payment, a target extended four times since the initial grace period ended on December 31.
The company was locked in talks with its debtors on the weekend but if an agreement is not reached, it may file for bankruptcy early this week.
Or the bondholders may force it into involuntary bankruptcy.
Trump, who controls 28 per cent of the stock, said he offered to buy the rest of the company and was turned down by bondholders.
His daughter, Ivanka Trump, also quit the board.
"I strongly disagree with the bondholders' decisions and actions," Mr Trump said.
"Part of the reason that these bondholders can't make a deal is they've lost so much money on other deals, they've lost so much money on this deal, and they're probably going to lose so much money on other deals, that my impression is they don't care."
His departure may kill the company's planned $US270 million sale of its Trump Marina Hotel Casino.
The Atlantic City, New Jersey-based casino operator first missed its bond payment on December 1, saying it needed to conserve cash and hold debt-restructuring talks with lenders.
The company's market value has tumbled to $US7.3 million from its August 2005 peak of $US842 million.
Gambling revenue in Atlantic City fell a record 7.6 per cent last year, the second straight annual decline as the recession deterred gamblers and pokie competition from nearby states wooed others.
The decline continued in January, with revenue down 9.4 per cent.
"Unless we're going to be responsible for management it's just not something I feel is worthwhile," Mr Trump, 62, said.
Trump Entertainment emerged from bankruptcy 3 1/2 years ago. Its predecessor, Trump Hotels & Casino Resorts, sought court protection in November 2004.
It had lost money for nine years because of high interest payments that Trump claimed prevented the company from refurbishing and expanding its casinos.
- Beth Jinks, Felicity Williams for the Herald Sun with Bloomberg
Media Man Australia Profiles
Donald Trump
"I have nothing to do with it. I'm not in it, I'm not on the board," said Mr Trump, who was chairman.
The reality TV star said he had no idea if there would be a bankruptcy filing.
Trump Entertainment faces a February 17 deadline to make a $US53 million ($81 million) bond payment, a target extended four times since the initial grace period ended on December 31.
The company was locked in talks with its debtors on the weekend but if an agreement is not reached, it may file for bankruptcy early this week.
Or the bondholders may force it into involuntary bankruptcy.
Trump, who controls 28 per cent of the stock, said he offered to buy the rest of the company and was turned down by bondholders.
His daughter, Ivanka Trump, also quit the board.
"I strongly disagree with the bondholders' decisions and actions," Mr Trump said.
"Part of the reason that these bondholders can't make a deal is they've lost so much money on other deals, they've lost so much money on this deal, and they're probably going to lose so much money on other deals, that my impression is they don't care."
His departure may kill the company's planned $US270 million sale of its Trump Marina Hotel Casino.
The Atlantic City, New Jersey-based casino operator first missed its bond payment on December 1, saying it needed to conserve cash and hold debt-restructuring talks with lenders.
The company's market value has tumbled to $US7.3 million from its August 2005 peak of $US842 million.
Gambling revenue in Atlantic City fell a record 7.6 per cent last year, the second straight annual decline as the recession deterred gamblers and pokie competition from nearby states wooed others.
The decline continued in January, with revenue down 9.4 per cent.
"Unless we're going to be responsible for management it's just not something I feel is worthwhile," Mr Trump, 62, said.
Trump Entertainment emerged from bankruptcy 3 1/2 years ago. Its predecessor, Trump Hotels & Casino Resorts, sought court protection in November 2004.
It had lost money for nine years because of high interest payments that Trump claimed prevented the company from refurbishing and expanding its casinos.
- Beth Jinks, Felicity Williams for the Herald Sun with Bloomberg
Media Man Australia Profiles
Donald Trump
Monday, February 16, 2009
Trumps Leave Board of Trump Casino Company - 13th February 2009
Donald Trump fired himself Friday from the casino company that bears his name.
Spurned by bondholders, who rejected his effort to buy Trump Entertainment Resorts, Mr. Trump and his daughter Ivanka are resigning from its board of directors.
”If I’m not going to run it, I don’t want to be involved in it,” Mr. Trump told The Associated Press on Friday night.
Trump Entertainment won a fourth extension Wednesday on restructuring $1.25 billion in debt, and some analysts have predicted it will file for bankruptcy protection for a third time if it does not work out a deal with its bondholders.
Mr. Trump said he recently offered to buy the company, which he used to control before relinquishing his grip as part of a bankruptcy restructuring.
For now, his name will remain on the company’s three Atlantic City casinos, although Mr. Trump said he might seek to remove his name from the business.
”I don’t like that my name is still going to be on it,” he told The A.P.
He also said he wants to sell his shares in the company, although it was not clear when that might happen or whether he would even be able to do so under securities laws if he possesses information about the company that is not publicly known.
Media Man Australia Profiles
Trump Entertainment Resorts
Donald Trump
Spurned by bondholders, who rejected his effort to buy Trump Entertainment Resorts, Mr. Trump and his daughter Ivanka are resigning from its board of directors.
”If I’m not going to run it, I don’t want to be involved in it,” Mr. Trump told The Associated Press on Friday night.
Trump Entertainment won a fourth extension Wednesday on restructuring $1.25 billion in debt, and some analysts have predicted it will file for bankruptcy protection for a third time if it does not work out a deal with its bondholders.
Mr. Trump said he recently offered to buy the company, which he used to control before relinquishing his grip as part of a bankruptcy restructuring.
For now, his name will remain on the company’s three Atlantic City casinos, although Mr. Trump said he might seek to remove his name from the business.
”I don’t like that my name is still going to be on it,” he told The A.P.
He also said he wants to sell his shares in the company, although it was not clear when that might happen or whether he would even be able to do so under securities laws if he possesses information about the company that is not publicly known.
Media Man Australia Profiles
Trump Entertainment Resorts
Donald Trump
Friday, January 2, 2009
Trump Casinos Get Extension on Debt - 31st December 2008
Trump Entertainment Resorts, the casino operator, said on Wednesday it won more time from its lenders to negotiate or make interest payments on its debt. The company has obtained a forbearance agreement from the holders of about 70 percent of the value of 8.5 percent senior secured notes due 2015, on which the company missed interest payments in December. It also announced a forbearance agreement from lenders under the company’s $490 million senior secured term loan. Holders have agreed to abstain from exercising their rights until Jan. 21, Trump Entertainment said in a regulatory filing. The company remains in discussions with lenders and certain note holders about a possible restructuring of its capital, it said. On Dec. 1, the company missed a $53.1 million bond interest payment, citing an effort to “maintain sufficient liquidity.”
Media Man Australia Profiles
Donald Trump
Media Man Australia Profiles
Donald Trump
Sunday, November 9, 2008
Trump eyes tourism investment in Subic - ETN - 3rd November 2008
A group that includes American real estate mogul Donald Trump is investing as much as $1 billion to develop a high-end leisure facility in Subic, Olongapo City.
The consortium, made up of the Trump Organization, American Westgate Resorts Asia Ltd. and Korean Heung-A Property Group, is spending a fourth of the investment in the first quarter of next year, it said in a statement yesterday.
The group is eyeing a 457-hectare beachfront property in the village of Cawag, where it plans to build hotels, residential villas, retail shops, casinos, educational and medical facilities and a convention center over 10 years.
The Manhattan-based Trump Organization is the main company of Donald Trump, a prominent American real estate developer.
The company oversees nearly all of the business development interests of Mr. Trump, such as real estate, hotels and golf clubs.
The Subic investment is part of a deal signed by the three companies to form a venture that will identify potential investments and development opportunities, including communities, resorts and other real estate projects in Asia.
The first phase of the Philippine project will be led by Heung-A’s wholly owned subsidiary, Subic Neocove Corp., and involves the development of the basic infrastructure and a 54-hole golf course worth $250 million. It is expected to be finished by 2011.
Subic Neocove Chairman Seung Guk Yang told a briefing the project would be different from other leisure projects in the area since it would be targeting long-staying tenants instead of vacationers.
"We are putting [up] medical and wellness facilities and international schools so [clients] can treat this as their second home, which is why we are not calling it a resort but a master plan community," he said through an interpreter.
Robert N. Aventajado, Neo-cove’s Philippine representative, said the company would co-own the property with local firm Neocove Philippines, instead of leasing it.
Mr. Seung said the firm is aiming for the high-end market from Asia, Europe and the US, which has not been affected too much by the US-led global economic slow-down. He added that once finished, Neocove would be the largest high-end master-planned community in Asia.
A master-planned community is generally distinguished by the number of amenities it offers, and the big land area the community encompasses. Master-planned communities incorporate recreational amenities such as lakes, golf courses and parks with bike paths and jogging trails.
"Our initial foray into the Subic Bay Freeport Zone signals the extreme confidence of various highly funded multinationals with respect to both the near- and long-term economic and investment prospects in the Philippines," Mr. Seung said in a statement.
Heung-A Director Mitchell Park said the Subic investment would be the first large-scale property project of the company, whose main business is shipbuilding.
He said they had partnered with the Trump Organization and Westgate so it would be easier to tap international capital markets amidst a financial crisis in the US and Europe.
He said the project would be financed by borrowings and equity, but declined to say how much each firm would be contributing.
He said the Trump Organization would serve as the lead developer, with Westgate as co-developer.
Westgate, owned by property developer David A. Siegel, is the largest privately owned time share company in the world and operates 28 resorts in 11 US states.
Greg Tingle comment...
Donald Trump is a genius. He's spreading the risk with the other investors, and investing in a number of enterprises - not just casinos. At the same time he's targeted the Philippines, an unsaturated market, so he's moving his casino type interests away from Las Vegas which has fallen out of a favor somewhat (with punters and banks). A wellness centre and international schools next door to the leisure facilities, which just happen to include at least one casino. Now that's what I call the perfect mousetrap. Victor Gruen would be proud. For me its hard not to admire the Trump consortium's holistic approach... a one stop shop - magic. This may even top the City Of Dreams. Now we need Richard Branson's Virgin to fly the punters and high fliers in and out of what appears to be the worlds next red hot casino tourism mecca. Trump has outdid himself this time, but you can bet that James Packer has a few aces up his sleeve. Mr Packer and Mr Branson, your throw of the dice.
Media Man Australia Profiles
Casino News
The consortium, made up of the Trump Organization, American Westgate Resorts Asia Ltd. and Korean Heung-A Property Group, is spending a fourth of the investment in the first quarter of next year, it said in a statement yesterday.
The group is eyeing a 457-hectare beachfront property in the village of Cawag, where it plans to build hotels, residential villas, retail shops, casinos, educational and medical facilities and a convention center over 10 years.
The Manhattan-based Trump Organization is the main company of Donald Trump, a prominent American real estate developer.
The company oversees nearly all of the business development interests of Mr. Trump, such as real estate, hotels and golf clubs.
The Subic investment is part of a deal signed by the three companies to form a venture that will identify potential investments and development opportunities, including communities, resorts and other real estate projects in Asia.
The first phase of the Philippine project will be led by Heung-A’s wholly owned subsidiary, Subic Neocove Corp., and involves the development of the basic infrastructure and a 54-hole golf course worth $250 million. It is expected to be finished by 2011.
Subic Neocove Chairman Seung Guk Yang told a briefing the project would be different from other leisure projects in the area since it would be targeting long-staying tenants instead of vacationers.
"We are putting [up] medical and wellness facilities and international schools so [clients] can treat this as their second home, which is why we are not calling it a resort but a master plan community," he said through an interpreter.
Robert N. Aventajado, Neo-cove’s Philippine representative, said the company would co-own the property with local firm Neocove Philippines, instead of leasing it.
Mr. Seung said the firm is aiming for the high-end market from Asia, Europe and the US, which has not been affected too much by the US-led global economic slow-down. He added that once finished, Neocove would be the largest high-end master-planned community in Asia.
A master-planned community is generally distinguished by the number of amenities it offers, and the big land area the community encompasses. Master-planned communities incorporate recreational amenities such as lakes, golf courses and parks with bike paths and jogging trails.
"Our initial foray into the Subic Bay Freeport Zone signals the extreme confidence of various highly funded multinationals with respect to both the near- and long-term economic and investment prospects in the Philippines," Mr. Seung said in a statement.
Heung-A Director Mitchell Park said the Subic investment would be the first large-scale property project of the company, whose main business is shipbuilding.
He said they had partnered with the Trump Organization and Westgate so it would be easier to tap international capital markets amidst a financial crisis in the US and Europe.
He said the project would be financed by borrowings and equity, but declined to say how much each firm would be contributing.
He said the Trump Organization would serve as the lead developer, with Westgate as co-developer.
Westgate, owned by property developer David A. Siegel, is the largest privately owned time share company in the world and operates 28 resorts in 11 US states.
Greg Tingle comment...
Donald Trump is a genius. He's spreading the risk with the other investors, and investing in a number of enterprises - not just casinos. At the same time he's targeted the Philippines, an unsaturated market, so he's moving his casino type interests away from Las Vegas which has fallen out of a favor somewhat (with punters and banks). A wellness centre and international schools next door to the leisure facilities, which just happen to include at least one casino. Now that's what I call the perfect mousetrap. Victor Gruen would be proud. For me its hard not to admire the Trump consortium's holistic approach... a one stop shop - magic. This may even top the City Of Dreams. Now we need Richard Branson's Virgin to fly the punters and high fliers in and out of what appears to be the worlds next red hot casino tourism mecca. Trump has outdid himself this time, but you can bet that James Packer has a few aces up his sleeve. Mr Packer and Mr Branson, your throw of the dice.
Media Man Australia Profiles
Casino News
Friday, October 3, 2008
Thursday, October 2, 2008
Donald Trump in Australia 2008 Tour Cancelled
Donald Trump in Australia 2008 Tour Cancelled
As put in the public domain last night via Channel Seven 'Today Tonight' the Donald Trump in Australia 2008 tour has been cancelled.
Read the Channel Seven 'Today Tonight' report here.
Channel Seven 'Today Tonight' report:
Trump down under
Reporter: James Thomas
Broadcast Date: June 30, 2008
Editor's note: As at October 1, 2008, Today Tonight understands that Donald Trump is no longer coming to Australia.
Below is the story we ran in June, when Donald was on his way Down Under.
Let us take you back. Way back. From New York, New York. To Ipswich. It's in Queensland. Malcolm Quinn lives there. He's never been to the Big Apple.
Malcolm's life couldn't be further from that of a New York property star: quiet streets, a quiet life with five kids and a loving wife.
But then his world took a turn when his wife Leah presented him with the Donald Trump book "Think Big and Kick Ass". It had a literal effect on Malcolm.
"It really struck a chord with me about achievement, about success and about chasing dreams and the things you want to do," said Malcolm.
Malcolm's dream was to bring Donald Trump to Australia on a speaking tour. Trump's never been. No-one in Australia has ever persuaded him to come. But Malcom, who's a mogul of sorts - he owns The Ipswich Independent - thought he'd give it a shot.
For five straight months, Malcolm engaged in a midnight vigil. Night after night after night, he'd phone Trump's people in New York with his plan to attract the Donald down under. He put every cent he owns and everything he could raise on the line.
If the Trump works, he'll make a profit. If not, he's lost the lot.
Trump likes perseverence and he loves a gambler. At first, it was a no, then a maybe, then a yes. Where others had failed, Malcom came up, well, trumps. And his young son, Harry couldn't be more proud.
Before Trump comes to Australia, he wants to meet his promoter and so, for Malcolm, it's bye bye Ipswich International and hello Big Apple - or is it Trump Town?
You have to hand it to Malcolm. He has managed to convince one of the world's most famous billionaires - reputedly a bad traveller - to come across the globe to speak to Australians. Now he is going to be paid in the vicinity of $7.5 million. So, what can Aussies expect from the planet's most expensive mouth?
"Well, I don't want to really say, except that I think that they're going to have some excitement and we're going to talk about success and how to be successful, because whether it's United States, Australia, China, Russia, it's not different," Donald Trump said. "The formula for success is always the same."
Trump Law #1: And the best word is "certainty".
If you don't have certainty in business you are never going to be successful."
Trump Law #2: "Never let your spouse get your money.
"You have to have a pre-nuptial agreement."
"It's a lot better making a deal with your friends than with your enemies. I've seen divorces destroy businesses, I've seen them destroy people. I've seen people totally destroyed over divorce," says Trump.
Especially when you get divorced as often as Donald. Before Melania there was Marla. And his first wife Ivana. Not that Ivana was too worried, she became famous for her own line: "Don't get mad, get everything!"
He's been married 3 times. Come close to bankruptcy almost as often. But he's always bounced back. His attitude to building property typifies his approach to life.
"What I build is successful, it's always successful, I make it successful. And if it is not, I make it successful after it's not," says Trump.
Like his hair, he's larger than life and now he's really famous, thanks to the TV show "The Apprentice".
Donald is pragmatic about celebrity, for him fame offers opportunity to promote the Trump brand but the billionaire is underwhelmed by Hollywood's smoke and mirrors. In his book he takes a swipe at the lustre of even the biggest stars, for example, Angelina Jolie and George Clooney.
And there is no-one he hates more than US comedian Rosie O'Donnell.
"You have to understand, Rosie is a total degenerate," Trump said. "She's a low-life and ... she always attacks people ... and then one day she attacked me because I gave Miss USA a second chance. She had an alcohol problem and I gave her a second chance."
Trump's Law #3: Revenge is good business.
"When people attack you, you should attack back."
"Now not necessarily for that person but because other people who will interact with you or deal with you in the future are going to be watching and they are going to say, you know what there are easier fish to fry, let's not go after Trump. Let's go after somebody else."
Trump's Law #4: Buckle up. Times are tough.
Today Tonight asked: could Australia suffer a housing collapse similar to the US?
"Absolutely, and it probably will happen. I think we were just the forerunner. Fuel is just killing this world ... you need fuel it is like blood and when the fuel is tainted by price it is going to hurt Australia horribly."
Our economy may cop a battering but our women will always be beautiful, according to Mr Trump. One woman in particular.
"I own the Miss Universe Pageant and you have a great woman in terms of Miss Hawkins."
Jen is clearly a great hit - as are, for the Donald, our golf courses. When he hits Australia, he'll be hitting the greens.
He's not short of on confidence, which begs just one question: does Donald Trump have any weaknesses?
"I think everybody has weaknesses. But if I did, I sure as hell wouldn't be telling you. Because you don't want to expose your weaknesses, you want to hide your weaknesses.
Trump's Law #5: Shaking hands is bad for your health.
"I don't know where that hand has been. I was in a restaurant and this guy comes out of the bathroom and he is shaking his hands like they are wet. And he is like 'oh, Mr Trump, I am a big fan of yours'. And he puts his hand out. It is not a good thing ... it causes colds, I do it because it unfortunately it is a necessity in terms of life."
So he doesn't like hand shake deals. But he does love deals. And he does love the one he's done with Malcolm to come to Australia.
"Fantastic experience, incredibly busy meeting. Phones going off, people coming in. But we talked about lots of things. He is looking forward to coming to Australia he wants to play golf and see the country. And I think Aussies will be amazed when people get the opportunity to hear him," says Malcolm.
As he leaves Trump Tower, Malcolm has every reason to be chuffed. He achieved his dreams. He thought big and kicked ass.
Further information
www.trumpinaustralia.com.au
As put in the public domain last night via Channel Seven 'Today Tonight' the Donald Trump in Australia 2008 tour has been cancelled.
Read the Channel Seven 'Today Tonight' report here.
Channel Seven 'Today Tonight' report:
Trump down under
Reporter: James Thomas
Broadcast Date: June 30, 2008
Editor's note: As at October 1, 2008, Today Tonight understands that Donald Trump is no longer coming to Australia.
Below is the story we ran in June, when Donald was on his way Down Under.
Let us take you back. Way back. From New York, New York. To Ipswich. It's in Queensland. Malcolm Quinn lives there. He's never been to the Big Apple.
Malcolm's life couldn't be further from that of a New York property star: quiet streets, a quiet life with five kids and a loving wife.
But then his world took a turn when his wife Leah presented him with the Donald Trump book "Think Big and Kick Ass". It had a literal effect on Malcolm.
"It really struck a chord with me about achievement, about success and about chasing dreams and the things you want to do," said Malcolm.
Malcolm's dream was to bring Donald Trump to Australia on a speaking tour. Trump's never been. No-one in Australia has ever persuaded him to come. But Malcom, who's a mogul of sorts - he owns The Ipswich Independent - thought he'd give it a shot.
For five straight months, Malcolm engaged in a midnight vigil. Night after night after night, he'd phone Trump's people in New York with his plan to attract the Donald down under. He put every cent he owns and everything he could raise on the line.
If the Trump works, he'll make a profit. If not, he's lost the lot.
Trump likes perseverence and he loves a gambler. At first, it was a no, then a maybe, then a yes. Where others had failed, Malcom came up, well, trumps. And his young son, Harry couldn't be more proud.
Before Trump comes to Australia, he wants to meet his promoter and so, for Malcolm, it's bye bye Ipswich International and hello Big Apple - or is it Trump Town?
You have to hand it to Malcolm. He has managed to convince one of the world's most famous billionaires - reputedly a bad traveller - to come across the globe to speak to Australians. Now he is going to be paid in the vicinity of $7.5 million. So, what can Aussies expect from the planet's most expensive mouth?
"Well, I don't want to really say, except that I think that they're going to have some excitement and we're going to talk about success and how to be successful, because whether it's United States, Australia, China, Russia, it's not different," Donald Trump said. "The formula for success is always the same."
Trump Law #1: And the best word is "certainty".
If you don't have certainty in business you are never going to be successful."
Trump Law #2: "Never let your spouse get your money.
"You have to have a pre-nuptial agreement."
"It's a lot better making a deal with your friends than with your enemies. I've seen divorces destroy businesses, I've seen them destroy people. I've seen people totally destroyed over divorce," says Trump.
Especially when you get divorced as often as Donald. Before Melania there was Marla. And his first wife Ivana. Not that Ivana was too worried, she became famous for her own line: "Don't get mad, get everything!"
He's been married 3 times. Come close to bankruptcy almost as often. But he's always bounced back. His attitude to building property typifies his approach to life.
"What I build is successful, it's always successful, I make it successful. And if it is not, I make it successful after it's not," says Trump.
Like his hair, he's larger than life and now he's really famous, thanks to the TV show "The Apprentice".
Donald is pragmatic about celebrity, for him fame offers opportunity to promote the Trump brand but the billionaire is underwhelmed by Hollywood's smoke and mirrors. In his book he takes a swipe at the lustre of even the biggest stars, for example, Angelina Jolie and George Clooney.
And there is no-one he hates more than US comedian Rosie O'Donnell.
"You have to understand, Rosie is a total degenerate," Trump said. "She's a low-life and ... she always attacks people ... and then one day she attacked me because I gave Miss USA a second chance. She had an alcohol problem and I gave her a second chance."
Trump's Law #3: Revenge is good business.
"When people attack you, you should attack back."
"Now not necessarily for that person but because other people who will interact with you or deal with you in the future are going to be watching and they are going to say, you know what there are easier fish to fry, let's not go after Trump. Let's go after somebody else."
Trump's Law #4: Buckle up. Times are tough.
Today Tonight asked: could Australia suffer a housing collapse similar to the US?
"Absolutely, and it probably will happen. I think we were just the forerunner. Fuel is just killing this world ... you need fuel it is like blood and when the fuel is tainted by price it is going to hurt Australia horribly."
Our economy may cop a battering but our women will always be beautiful, according to Mr Trump. One woman in particular.
"I own the Miss Universe Pageant and you have a great woman in terms of Miss Hawkins."
Jen is clearly a great hit - as are, for the Donald, our golf courses. When he hits Australia, he'll be hitting the greens.
He's not short of on confidence, which begs just one question: does Donald Trump have any weaknesses?
"I think everybody has weaknesses. But if I did, I sure as hell wouldn't be telling you. Because you don't want to expose your weaknesses, you want to hide your weaknesses.
Trump's Law #5: Shaking hands is bad for your health.
"I don't know where that hand has been. I was in a restaurant and this guy comes out of the bathroom and he is shaking his hands like they are wet. And he is like 'oh, Mr Trump, I am a big fan of yours'. And he puts his hand out. It is not a good thing ... it causes colds, I do it because it unfortunately it is a necessity in terms of life."
So he doesn't like hand shake deals. But he does love deals. And he does love the one he's done with Malcolm to come to Australia.
"Fantastic experience, incredibly busy meeting. Phones going off, people coming in. But we talked about lots of things. He is looking forward to coming to Australia he wants to play golf and see the country. And I think Aussies will be amazed when people get the opportunity to hear him," says Malcolm.
As he leaves Trump Tower, Malcolm has every reason to be chuffed. He achieved his dreams. He thought big and kicked ass.
Further information
www.trumpinaustralia.com.au
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