Billionaire Poker Player Taking Over Trump Casinos?
November 27th, 2009 by Brian
Andy Beal is best known for winning more money in a single day than any poker player today when he racked up $11.7 million at the Las Vegas Bellagio Casino in 2004. However, he is also an identified former partner of tycoon Donald Trump and is now in the headlines again because he wants to take over Trump Casinos, planning to convert its $486 million mortgage on the casinos into majority owner equity. The issue is being disputed at the moment but the U.S. Bankruptcy court judge has given Beal and Trump Entertainment bondholders up to December 3 to negotiate. Who will budge?
(Source) Luxist
- Posted in Business
