ATLANTIC CITY, N.J. — Trump Entertainment Resorts has, for a third time, won some wiggle room as it struggles under the weight of $53.1 million in payments due twice a year to bondholders.
Donald Trump’s casino company — the real-estate mogul is chairman of its board and the company’s largest shareholder but no longer controls it — won a third extension Wednesday of the deadline for it to restructure $1.25 billion in debt.
The new deadline, set jointly by the company and its bondholders, is Feb. 11.
If the two sides cannot work out a deal, many analysts believe Trump Entertainment would have to seek Chapter 11 bankruptcy protection.
The company owns three Atlantic City casinos but is in the process of selling one, Trump Marina Hotel Casino, to a former protege of Donald Trump.
