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Trump unmoved by online co. offer

October 13

Trump Hotels and Casino Resorts is rebuffing an offer to bail-out the failing company for $400 million.

Last month, Trinidad based company, Casino Fortune, announced to many media outlets that it was offering to replace DLJ Merchant Banking Partners in a deal to put Trump Hotels & Casino Resorts back in action.

At the time, Trump officials said only that they had been approached by Casino Fortune.

Last Friday, Trump Hotels Executive Vice President Scott Butera announced that the Casino Fortune's real communication to Trump was lacking actual factual material.

Trump's executive also mentioned that the Casino Fortune spent a lot of time and effort to let the media know about a certain offer, but the actual offer made was much different.

Many in the industry speculate that Casino Fortune may have used this topic as an excuse to advertise and get free publicity.


 

 


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