Online Casino Gambling News - by Gamblers Lodge

Someone was feeling generous in the courtroom recently…Specifically, Judge Judith Wizmur of the U.S. Bankruptcy Court, permitted a $100 million loan, known as a debtor in possession loan, to Trump Casinos in a bid to end the companies bankruptcy status of their Atlantic City casinos.

The announcement has worried many of Trump Casinos shareholders, who are concerned that the additional money lent to the failing enterprise will lower stock prices even more…They are right. However, Trump Casinos would rather not close shop just yet, but would like to keep its doors open to casino gamblers, and its staff intact.

The final confirmation hearing that would end the bankruptcy status of the casinos is scheduled on March 29, 2005. With another $100 million and a restructuring plan of casino operations and marketing, the company may just squeak by and still have enough life to try and earn some profit once again.

Only time will tell if the move to beat the bankruptcy was a wise one. Many think now that Trump Casinos has actually learned a thing or two on how to run a real casino, they will start to fare better on their hard learned knowledge. If not, then everyone can tell Donald Trump that they told him so and that he should have invested in an online casino.

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