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Sunday, November 30, 2008

Report: Trump Entertainment to Miss Payment

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 ...