Trump Drops Bid to Control Bankrupt Casinos

Winner will walk away with $25k worth of work

(NEWSER) - An Atlantic City casino is offering frequent gamblers a chance to win a new face. Loyalty card holders who amass enough points at the Trump Taj Mahal Casino Resort in Atlantic City will be entered into a drawing for $25,000 in plastic surgery procedures of their choice, AP reports. "People often want this surgery but they're reluctant to spend their own money to do it," a casino exec says. "Whether it's kids' tuition, or the mortgage, or they just don't have that kind of money. This is their opportunity to get it done." More»

(NEWSER) - Owing bondholders more than a billion dollars, Donald Trump's Atlantic City casino company is expected to file for chapter 11 tomorrow, the Wall Street Journal reports. Board members are discussing it tonight, but if they don't file, creditors will force them into bankruptcy tomorrow. It will mark Trump Entertainment Resorts' third visit to bankruptcy court. More»

After mogul fires himself as CEO, casinos still in last place

(NEWSER) - Donald Trump's casinos are faltering in Atlantic City, the very seaboard Vegas the flamboyant developer helped build in the 80s and 90s. The Taj Mahal is still flush, but Trump's two other hotels are last in revenues. And analysts aren't betting on them, thanks in part to the share the city is losing to slot parlors in NYC and Philly. More»

Donald Trump welcomes third grandchild, Arabella Rose

(NEWSER) - Ivanka Trump took to Twitter yesterday to announce the birth of her first child—and her dad spilled the baby's "very exotic" name to Fox & Friends today. "I just left the hospital and the baby is beautiful," he said of Arabella Rose. The baby is the third grandchild for Donald Trump; Ivanka's brother, Donald Trump Jr., and his wife have a daughter and a son, and are expecting another child, reports New York Daily News . (In other baby news, click to see photos of a very pregnant celeb .) More»

Winning craps player leaves $150K tip

(NEWSER) - The balance sheet of Atlantic City's Tropicana Casino has taken a pounding from a pair of high rollers who won more than $5 million each just 6 weeks apart. A blackjack player beat the casino for $5.8 million in April and a craps player won $5.3 million last week, leaving a $150,000 tip that was shared among dealers on duty that night, AP reports. Officials for the casino, bought out of bankruptcy last year by billionaire investor Carl Icahn, say they're sticking with their new emphasis on high-stakes table games play, despite the huge losses. More»