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Category
Archive for the 'Coastal Marina' Category
Duel in the Sun: The Jimmy Buffett Wild Card
The corporate bondholders of Trump Entertainment Resorts have made an interesting counter-offer in the battle to gain control of three bankrupt casinos in the shore resort of Atlantic City.
While former Chairman Donald Trump and his financier have offered $100 million in cash for Trump Taj Mahal, Trump Plaza and Trump Marina (below), the beleaguered bondholders–who […]
Too Many Margaritas
( Borgata and CCC and Coastal Marina and Donald and Florida and Hard Rock and Harrah's and Richard Fields and Seminole and Trump and Trump Marina )
The purchase of Trump Marina in Atlantic City by Coastal Marina LLC for $316 million, and its transformation into a Jimmy Buffet Margaritaville Hotel Casino, is being questioned for several reasons.
The difficult credit market would be the first hurdle to overcome. Established casino companies have had trouble coming up with financing for many projects, and […]
