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Trump bidders revealed13 June 2007NEW JERSEY -- As reported by the Philadelphia Inquirer: "Developer and casino mogul Donald J. Trump said today that a partnership that includes a former casino executive and a real estate investor have emerged as the lead bidders for his casino company. "The parties would not disclose the value of the bid for Trump Entertainment Resorts Inc., which is expected to be a multi-billion dollar deal. "The partners are Dennis Gomes, the former head of Trump's Taj Mahal Casino in Atlantic City, and Morris Bailey, who heads the JEMB Realty Corp., a private real estate firm in New York. "Bailey confirmed last week that he and Gomes was a bidder for the Trump properties, but their status as top bidder - at least in the eyes of Trump and his board of directors - was not disclosed until today. "...Trump Entertainment controls Trump's three Atlantic City casinos: Trump Taj Mahal, Trump Plaza and Trump Marina. "...Another private equity firm, Dune Capital Management L.P., which is run by former Goldman Sachs & Co. executives, has also submitted a bid..." |