Bankrupt Trump Entertainment Resorts will settle its financial dispute with former online gambling partners Betfair and Ultimate Gaming. The casino operator who filed for bankruptcy in September processed in court documents last week to begin its settlement with its former online gambling partners. Betfair had partnered with Trump Entertainment in order to comply with New Jersey federal laws regarding online …
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Judge to decide whether Trump Entertainment enters Chapter 7 Bankruptcy
US Bankruptcy Judge Kevin Gross of Delaware, has ordered Trump Entertainment Resorts to “show cause as to why the court should not convert its case for bankruptcy”. The Judge has scheduled a court hearing for 4 December, which will assess whether Trump Entertainment Resorts files for formal liquidation under Chapter 7 of the US bankruptcy code. Under Chapter 7 of …
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