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Trump makes market comeback

NEW YORK – As reported by Bloomberg: "Donald Trump is making a comeback in the bond market.

"Trump Entertainment Resorts Inc.'s $1.25 billion of 8.5 percent notes due 2015 returned 5.2 percent in the past month, beating the Merrill Lynch & Co. gaming index's 1.77 percent. They gained 11.6 percent since July 2005, when Trump stepped down as chief executive officer of the biggest casino company in Atlantic City, New Jersey.

"The bonds have rallied to a six-month high as James Perry, the former chief of Argosy Gaming Co. who replaced Trump, boosts profit and plans an expansion in Las Vegas and Philadelphia

"…The rally is being fueled by a proposal to build a new casino in Philadelphia, where Trump Entertainment is competing against four gaming companies for two licenses. Trump also is considering a plan to swap some of its holdings in Atlantic City, New Jersey, with property in Las Vegas owned by Steve Wynn, according to the Star-Ledger newspaper…"

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