May 28, 1988 |
New York deal maker Donald J. Trump and Los Angeles producer Merv Griffin said late Friday that they have reached a definitive agreement on the sale of Resorts International to Griffin. Concurrently, Trump is to buy the company's massive, uncompleted Taj Mahal casino in Atlantic City, N.J. The agreement on the eve of the holiday weekend came after last week's resumption of negotiations.
March 23, 1988 |
Television producer Merv Griffin sweetened his bid for Resorts International by 31% to $295 million on Tuesday. But he left the door open for most of the $70-million increase to go to Donald Trump, owner of about 95% of the controlling Class B shares. Although the move drove the price of the casino firm's stock up another $3.625, closing Tuesday at $32.25 in heavy trading on the American Stock Exchange, the New York financier himself did not find the bait enticing.
April 15, 1988 |
Climaxing a persistent, month-long campaign to buy Resorts International, Los Angeles entertainment mogul Merv Griffin reported a handshake agreement Thursday with controlling shareholder Donald J. Trump. It calls for the two to divide up the firm's casinos. Griffin, a producer of syndicated television game shows and new owner of the Beverly Hilton Hotel, now appears headed for the legal gambling business in Atlantic City, N.J., and Paradise Island in the Bahamas.
May 1, 1995 |
Resorts International Plans Name Change: The Atlantic City, N.J.-based casino company controlled by former talk-show host Merv Griffin said it plans to change its name to Griffin Gaming & Entertainment Inc. The company, which owns and operates the 670-room Merv Griffin's Resorts Casino Hotel in Atlantic City, will ask shareholders to approve the name change on June 27. Griffin is chairman of Resorts International. The company also announced the appointment of Thomas E.
May 12, 1988 |
It was right out of his best-selling "The Art of the Deal" as New York financier Donald J. Trump on Wednesday dramatically called off negotiations to complete his April 14 handshake agreement to sell Resorts International to Los Angeles producer Merv Griffin. Basically, the parties fell out over how to divide about $50 million worth of the casino operator's assets and liabilities, according to a Griffin attorney working on the transaction.
November 8, 1989
Former Golden Nugget Inc. executive Alfred Luciani has been appointed to run Merv Griffin's financially troubled Resorts International Casino Hotel. The announcement came at the same time disgruntled bondholders were deciding whether to file a lawsuit forcing New Jersey's first gaming company into involuntary bankruptcy.
November 11, 1989 |
Merv Griffin appears to be losing his months-long battle keep his faltering casino company, Resorts International, out of bankruptcy. Amid a backdrop of unexpectedly heavy losses, Resorts disclosed Friday that it is "likely" that some of its creditors would file a petition by Wednesday to force the firm into bankruptcy court.
March 19, 1988 |
New York financier Donald J. Trump filed suit Friday against Hollywood producer Merv Griffin, alleging violation of securities laws in Griffin's $225-million offer to buy casino operator Resorts International. The suit also named Griffin's wholly owned Griffin Co. and his Florida ally, Fidelle V. Scutti, a holder of about 5% of Resorts Class A stock. Griffin said he intends to file a countersuit against the New York financier.
November 5, 1989 |
Looking west on the beach along this city's fabled Boardwalk, a white casino hotel with a red name at the top commands attention because it stands taller and more stylishly than its competition. The building is the Trump Plaza and its owner is Donald J. Trump, the 43-year-old billionaire developer from New York City whose casino investments in this New Jersey resort town and gambling mecca are beginning to rival his Manhattan real estate holdings in size, ambition and attention attracted.