Trump Hires Merrill to Help Weigh Alternatives

Trump Entertainment Resorts said Monday it hired Merrill Lynch to help it weigh strategic options for financing, capital structure and other alternatives.

Trump Entertainment said there could be no assurances about the results. Its shares fell 1%.

The Star-Ledger newspaper reported on Friday that Trump Entertainment was considering refinancing or selling some or all of its Atlantic City, N.J., casinos.

The company, with a market value of about $560 million, owns three casino-hotels in Atlantic City: the Trump Taj Mahal, the Trump Plaza and the Trump Marina.

It sold its Trump Indiana unit -- which owned a riverboat casino and hotel in Gary, Ind. -- in 2005.

Donald Trump, the real estate mogul and television personality, is the company's chairman and largest shareholder.

Contact U.S. News


    Get the best of CNBC in your inbox

    › Learn More*

Don't Miss

U.S. Video

  • CNBC's Tyler Mathisen looks back at the week's top business and financial stories. The markets were closed for Thanksgiving, but did manage to hit new highs. Low oil prices gave consumers more money to spend for Black Friday.

  • Cyber Monday deals on Walmart's website on Dec. 2, 2013.

    CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top stories. The jobs report comes out this week, as do auto sales. And the Rockefeller Center Christmas tree is lit.

  • Following last week's wild energy ride, analysts expect oil prices to continue to drop during the holiday season. CNBC's Patti Domm reports.