ATLANTIC CITY, N.J. (AP) -- As millions of Americans are having problems paying their mortgages, so too are some Atlantic City casinos.
Trump Entertainment Resorts became the second casino operator here to say it would not make a scheduled loan payment while it tries to work out new terms with its lenders. Last month, Resorts Atlantic City did the same thing, and more could follow.
Joseph Weinert, senior vice president of Spectrum Gaming Group, said it is possible the Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino could end up filing for Chapter 11 protection.
He said other possible candidates for Chapter 11 filings include the two casinos that Colony RIH Holdings, Inc. owns -- Resorts and the Atlantic City Hilton Casino Resort. And the Tropicana Casino and Resort is likely to be sold in a bankruptcy court auction, possibly before the end of this year.