Trump reports $7.6 million loss in part of quarter
Trump Entertainment Resorts Inc., the casino company led by Donald Trump, said it had a loss of $7.6million in the portion of the second quarter after it emerged from bankruptcy.
The loss was 28 cents a share and revenue was $131.5 million from May 20 through June 30, Atlantic City-based Trump said Monday in a statement. The company a year earlier reported a loss of $17.6 million, or 59 cents a share, on revenue of $293.2 million. Results a year ago were for the full second quarter.
Trump Entertainment, which owns the Taj Mahal and two other Atlantic City casinos, is refurbishing its resorts to catch up with competitors after ending six months of bankruptcy protectionon May 20. Former Argosy Gaming Corp. Chief Executive James Perry is now chief executive and will oversee development of a new tower at the Taj Mahal.
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Source - Las Vegas Sun
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