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More Delays For Atlantic City Trump Bankrupcy Case
Wednesday January 21,2015 : MORE DELAYS IN ATLANTIC CITY CASINO BANKRUPTCY CASE
Unsecured creditors committee complaint over denial of access to relevant documents.
Carl Icahn's offer to save two Trump Entertainment Resorts land casinos in Atlantic City from bankruptcy has suffered yet another delay whilst an unsecured creditors’ committee is given an opportunity to study documents relating to his proposal.
The committee complained that it had been denied documents concerning Icahn’s efforts to boost his Atlantic City casino holdings, and a new date of February 13 has now been set to give them time to consider the offer on the Trump Taj Mahal and the now shuttered Trump Plaza.
According to a Bloomberg report Tuesday, a hearing had been scheduled last week to consider the approval of disclosure materials explaining a plan under which Icahn would take ownership of the casinos, mostly in exchange for debt.
Icahn has apparently agreed to make more information available.
Meanwhile, a hearing on January 28 will consider the approval of a $20 million loan Icahn has offered to keep the Trump Taj Mahal operating.
Icahn and his related entitles are dominant holders of $285.6 million in first-lien notes to be exchanged for ownership of the two Trump casinos under the plan.
The creditors’ committee is opposed to the plan because it only offers unsecured creditors $1 million in cash and the right to file specified lawsuits, for a recovery of less than 0.5 percent on unsecured claims, which may be more than $232 million.
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$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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