GAMBLOR: The Fart Of The Deal

trump.jpgATLANTIC CITY – Unhappy with the bids it received, Trump Entertainment Resorts Inc. announced today it is no longer for sale.

The company headed by celebrity dealmaker Donald Trump, issued a statement today saying its board of directors concluded that “none of the indications of interest received to date for the acquisition of the company represented or was likely to lead to a transaction that was in the best interests of the company and its shareholders.”

Trump had been seeking $2.2 billion, including the assumption of $1.5 billion in debt, for the company’s three Atlantic City casinos. Shares of Trump Entertainment plunged early today to $10.31 per share on the Nasdaq, down $2.27 or 18 percent, in response to the company’s announcement.

INQUIRER: You There, Mr. Dealmaker — YOU’RE FIRED! Heh-Heh, Still Got It

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