Trump Atlantic City Properties Emerge From Bankruptcy

Trump Entertainment Resorts, which owns and operates three Atlantic City gaming properties -- the 2,032-room Trump Taj Mahal Casino Hotel, the 904-room Trump Plaza Hotel and Casino and the 728-room Trump Marina Hotel Casino -- has emerged from its third Chapter 11 reorganization. According to a statement released by the group, Marc Lasry will assume the position of chairman of the board of the reorganized company. Lasry is the chairman and CEO of Avenue Capital Group, a global investment firm, which served as the lead bondholder throughout the reorganization process and is now the largest shareholder of the reorganized company.