Bondholders battling Donald Trump for control of Trump Entertainment Resorts' three Atlantic City casinos have reached a deal allowing the casinos to retain Trumps' trademark name.
Under the deal to buy the company out of bankruptcy, the real estate mogul and reality TV star gets to keep a 10 percent stake while the company retains the right to use his name.
Both sides had been digging deep.
Trump and his daughter, Ivanka, had offered nearly $14 million in cash to bondholders, and bondholders were offering $225 million to buy the company out of bankruptcy.
The company had been struggling with debt amid a souring economy and as competition from slots parlors in Pennsylvania and New York increased.