Trump makes eleventh-hour interest payment
The timing of the payment has shaken confidence in the casino and hotel group
Trump Hotels & Casino Resorts, Donald Trump’s struggling casino empire, kept investors on the edge of their seats in May, making an interest payment only three days before its deadline. Trump HCR delayed a $73.1 million interest payment to its bondholders due May 1, invoking a 30-day grace period. The recent payment will, at most, grant the company a temporary respite from its financial troubles.
Trump HCR, which controls three of Atlantic City’s 12 hotel-casinos, the Taj Mahal, Plaza and Marina
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