Trump makes bid for namesake casino company: report

17/06/2009 - 3:32

LOS ANGELES (Reuters) - Real estate tycoon Donald Trump has made a bid to buy New Jersey casino operator Trump Entertainment Resorts Inc , which in February logged its third bankruptcy filing, the Wall Street Journal reported on Tuesday.

Trump, the casino operator's founder and one-time chairman, resigned in February when bondholders demanded a Chapter 11 filing after the company missed a $53.1 million bond interest payment.

Trump Entertainment, which owns three Atlantic City casinos, has had difficulty righting itself due to a heavy debt load and increasing competition from new casinos in nearby states such as Pennsylvania.

A deal had been was reached to sell the Trump Marina to Coastal Marina LLC for $270 million, but it fell through due to a lack of financing.

Neither Trump or Trump Entertainment was immediately available for comment.

(Editing by Lincoln Feast)