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Atlantic City Casino to Keep TRUMP Name
Tuesday March 10,2015 : ATLANTIC CITY CASINO TO RETAIN TRUMP BRANDING
The Donald and Carl Icahn reach a compromise.
The Trump name will remain associated with an Atlantic City land casino following a deal this week between the enterprise's main debt holder, Carl Icahn, and US businessman Donald Trump.
The troubled Trump Taj Mahal casino is not owned by Trump but carries his name in a franchise agreement signed some time ago. Recently Trump and his daughter Ivanka launched litigation seeking to compel the removal of his name from the run-down casino, which Icahn is trying to save from bankruptcy after extending a $20 million loan to keep it going
Reuters reports that the two men have reached a compromise deal, which has still to be approved by the bankruptcy court, and calls for casino owner Trump Entertainment to pay Trump about $172,000 to satisfy an outstanding ground lease claim.
One of the conditions in the agreement is that if the casino stops operating for longer than 90 days, the Trump name and brand can be withdrawn.
Ivanka Trump said the deal with Icahn allows the Trump family company to retain its rights to monitor the hotel to make sure it's brought up to Trump standards.
Trump has in the past successfully had his name stripped off the Trump Plaza - another failed Atlantic City casino.
Icahn is acquiring Trump Entertainment by swapping its debt that he owns in return for ownership of the company.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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