Donald Trump has outbid bondholders for the company that he once held, Trump Entertainment Resorts and will now have a controlling stake of the company. Under his control, Trump has promised that it will reach financial solvency and profitability. The deal will be completed once a bankruptcy judge approves the deal since the company filed for bankruptcy protection in February. Trumps bid includes an agreed investment of $100 million to take control of the company.

Trump owns several casinos in Atlantic City but has had to weather a very tough storm with many casinos in Atlantic continually sinking. With many neighbouring states now expanding their gambling laws, new competition has risen, making it a tough task for Trump to draw visitors to his casinos.

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