Nasdaq Delists Trump Entertainment

2/23/2009 by Gaming Industry Media Staff

On Friday, Trump Entertainment Resorts Inc. said it received notification that Nasdaq will be delisting the Atlantic City casino operator, citing its recent filing for bankruptcy protection as a reason.

On Friday, Trump Entertainment Resorts Inc. said it received notification that Nasdaq will be delisting the Atlantic City casino operator, citing its recent filing for bankruptcy protection as a reason.

The stock will be suspended at the opening of business on Feb. 26, and the company said in a statement that it would not be requesting an appeal.

Only days after Trump Entertainment Resorts Inc.’s chairman, Donald J. Trump, stepped down, the New Jersey-based company announced that it filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code.

Mark Juliano, the company's chief executive, said last week that the filing would have no immediate effect on Trump Entertainment's daily operations or on its operating structure or philosophy.