by Calculated Risk on 11/30/2008 05:49:00 PM

From MarketWatch: Trump Entertainment to miss interest payment

Trump Entertainment Resorts will have to skip a $53.1 million interest payment scheduled for Monday on its 8.5% senior secured notes due 2015 in order to maintain sufficient liquidity.

The casino operator has a 30 day grace period to make the payment. Not the best of times for casinos ...