Icahn May Pick Bones From Trump Atlantic City Bankruptcy Again

Mark Melin

Published onSeptember 17, 2014

Updated on May 13, 2021

Carl Icahn may hold the trump card in Atlantic City as Trump Entertainment’s bankruptcy could turn out to be an opportunity to buy low, sell high.

Carl Icahn a secured lender to Trump Entertainment Resorts

Carl Icahn is a secured lender to Trump Entertainment Resorts and is owed $285 million plus interest. As interest payments compound, Icahn may just be surveying the bones of the Trump carcass and finding value in the Trump Taj Majal. A report in The Wall Street Journal by Peg Brickley said that as the owner of two Atlantic City casinos heads to bankruptcy court Tuesday, court papers are pinning hopes on keeping the casino alive to concessions from Unite Here Local...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Icahn May Pick Bones From Trump Atlantic City Bankruptcy Again

Carl Icahn a secured lender to Trump Entertainment Resorts

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