\n(Bloomberg) \u2014 Trump Entertainment Resorts Inc. idled 353 slot machines with names such as Top Dollar, Jackpot, Loveboat and Dangerous Beauty when it closed its Plaza casino in Atlantic City, New Jersey, after declaring bankruptcy.<\/p>\n
\tNow the company is betting it can squeeze a bit more value from the slots by selling the machines and unloading the cost of securing, maintaining and storing them.<\/p>\n
\tThe company asked U.S. Bankruptcy Judge Kevin Gross in Wilmington, Delaware, for permission to sell the slots for $146,650 to Patriot Gaming & Electronics Inc., with offices in New Gretna, New Jersey. That works out to about $415 each for Patriot, which repurposes and distributes used slot machines, according to its website.<\/p>\n
\tThe slots \u201care no longer necessary\u201d for business and will help \u201cobtain meaningful value\u201d for creditors, Trump Entertainment said in an Oct. 24 filing.<\/p>\n
\tThe company filed for Chapter 11 protection Sept. 9, citing assets and debts of as much as $500 million each, amid growing regional competition. It won permission this month to scrap provisions of its union contract to save money.<\/p>\n
\tDonald Trump, who founded the resorts, has no active role in management and is seeking to have his name removed from the Plaza and the company\u2019s other casino, the Taj Mahal, which is still open for business.<\/p>\n
\tThe case is In re Trump Entertainment Resorts Inc., 14-12103, U.S. Bankruptcy Court, District of Delaware (Wilmington).<\/p>\n
No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"
(Bloomberg) \u2014 Trump Entertainment Resorts Inc. idled 353 slot machines with names such as Top Dollar, Jackpot, Loveboat and Dangerous Beauty when it closed its Plaza casino in Atlantic City, New Jersey, after declaring bankruptcy. Now the company is betting…<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-8216","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=8216"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8216\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=8216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=8216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=8216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}