Billionaire Donald Trump was reported to have been seriously thinking of selling one of his Casino’s. The news media picked up on this and that sent the stock markets soaring. At the end of Friday, Trump Entertainment Resorts Inc., which is one of The Donald’s companies saw it’s stock rise $2.73, or twenty one percent. That meant at last take Trump Entertainment Resorts Inc. stock was valued at $15.80.

Despite all this, reports have suggested that the Company is looking at proposals to sell. There have been many offers from various corporations to purchase the company. Inspite of the rise in share prices, Mr Trump is still looking to sell Trump Entertainment Resorts Inc.,.. Trump Entertainment Resorts Inc. has recently emerged from bankruptcy protection in May of 2005.

After coming out of the bankruptcy protection, Friday’s closing stock numbers were the highest the stock has ever been. Nevertheless, the company has formed a committee to look into the offers it has received.

It was reported that Donald Trump had hired Merrill Lynch and Co. on the 12th of March this year to study available options for three casinos in Atlantic City, New Jersey.

Vice president of Spectrum Gaming Group, which is a consulting firm based in Atlantic City, had this to say, “It’s no secret that Trump’s assets fell behind with the bankruptcy, and there’s alot of catching up to do. Joseph Weinert went on to say that “If you can come in and build a mouse trap better than the current offerings and manage it well, and market it well, you will be handsomely rewarded.”

If the Trump organisation receives the right offer Trump Entertainment Resorts Inc could be sold within a short period of time.

This entry was posted on Monday, January 21st, 2008 at 11:38 am and is filed under Gambling, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.