Business

Trump Entertainment gets interim operating cash

By Randall Chase
Published September 10, 2014 7:27pm ET
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Trump Entertainment gets interim operating cash
FILE - In a Tuesday, Sept. 2, 2014 file photo, The Trump Plaza Hotel Casino is illuminated at night in Atlantic City, N.J. A Delaware bankruptcy judge on Wednesday, Sept. 10, 2014, agreed to allow Trump Entertainment Resorts to temporarily continue operations using cash owed to billionaire Carl Icahn, the company's sole secured lender. Judge Kevin Gross also signed routine orders allowing the company, which owns two Atlantic City casinos, to continue paying vendors and employees as it works on a debt restructuring that could avert the closing of the Taj Mahal Casino Resort. The company, whose Trump Plaza resort is closing in a week, sought bankruptcy protection on Tuesday. (AP Photo/Mel Evans, File) | Mel Evans

WILMINGTON, Del. (AP) — A Delaware bankruptcy judge on Wednesday agreed to allow Trump Entertainment Resorts to temporarily continue operations using cash owed to billionaire Carl Icahn, the company’s sole secured lender.

Judge Kevin Gross also signed routine orders allowing the company, which owns two Atlantic City casinos, to continue paying vendors and employees as it works on a debt restructuring that could avert the closing of the Taj Mahal Casino Resort.

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