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BUSINESS
February 21, 2013 | By Roger Vincent
The low-profile Downey company that is buying the aging landmark Trump Plaza hotel and casino in Atlantic City, N.J., for a bargain-basement $20 million is scrambling to improve the place and obtain a gaming license in time for the warm-weather tourist season, a company executive said. The Meruelo Group, which got its start selling pizzas in Latino neighborhoods in Southern California, has expanded into numerous businesses, including construction, engineering, real estate and private equity.
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BUSINESS
February 21, 2013 | By Roger Vincent
The low-profile Downey company that is buying the aging landmark Trump Plaza hotel and casino in Atlantic City, N.J., for a bargain-basement $20 million is scrambling to improve the place and obtain a gaming license in time for the warm-weather tourist season, a company executive said. The Meruelo Group, which got its start selling pizzas in Latino neighborhoods in Southern California, has expanded into numerous businesses, including construction, engineering, real estate and private equity.
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BUSINESS
February 20, 2013 | By Roger Vincent, Los Angeles Times
An 85-year-old Beverly Hills building erected in the golden age of Hollywood by movie mogul Jack Warner has been sold for $11.75 million to a local investor. The two-story structure that curves along Little Santa Monica Boulevard downtown at North Beverly Drive is one of the oldest commercial properties in the city, real estate broker Mark Esses said. Warner built the 11,000-square-foot building in 1928 to house the Beverly Hills Chamber of Commerce. The young city had yet to open a public library, The Times reported early in 1929, but one was being planned.
BUSINESS
November 21, 1991 | From Times Staff and Wire Reports
Trump Plaza Fined for Gaming Violation: Trump Plaza Hotel and Casino in Atlantic City, N.J., was fined for providing luxury cars to a high roller in a scheme that allowed him to exchange the vehicles for $1.6 million to gamble. The Casino Control Commission voted 3 to 0 for the $450,000 penalty, which it said was an effort to evade then-existing bans on cash complimentaries. Deputy Atty. Gen.
SPORTS
June 8, 1989 | From Times wire services
An agreement between boxing promoter Don King and Trump Plaza in Atlantic City, N.J., has paved the way for Mike Tyson to defend his heavyweight title against Carl (The Truth) Williams on July 21. The official announcement of the fight had been held up by contract negotiations.
BUSINESS
December 14, 1992 | From Times Staff and Wire Reports
Trump's Plaza Hotel Bankruptcy Plan Confirmed: U.S. Bankruptcy Judge Prudence Abram approved the bankruptcy reorganization plan for Donald Trump's landmark Plaza Hotel in New York. The prepackaged Chapter 11 plan was confirmed without creditor objection. Under the plan, the junior bank lenders will receive a 49% ownership stake, while Trump's stake will decrease to 51%. Trump bought the Plaza in 1988, and incurred $300 million of long-term debt.
NEWS
February 25, 1996 | JOHN CURRAN, ASSOCIATED PRESS
Even with giant casino hotels dwarfing her crumbling three-story home, Vera Coking refused to sell. An unlikely player in a real-life game of Monopoly, the feisty widow turned down $1 million at least once for her 30-by-60-foot lot, and now says she wants $3 million. She may never get it. Coking watched from the outside as Donald J. Trump's newest casino project, a 22-story addition to neighboring Trump Plaza Hotel and Casino, opened Feb.
BUSINESS
February 20, 2013 | By Roger Vincent, Los Angeles Times
An 85-year-old Beverly Hills building erected in the golden age of Hollywood by movie mogul Jack Warner has been sold for $11.75 million to a local investor. The two-story structure that curves along Little Santa Monica Boulevard downtown at North Beverly Drive is one of the oldest commercial properties in the city, real estate broker Mark Esses said. Warner built the 11,000-square-foot building in 1928 to house the Beverly Hills Chamber of Commerce. The young city had yet to open a public library, The Times reported early in 1929, but one was being planned.
BUSINESS
January 9, 2006 | From Associated Press
For want of a vacuum cleaner, the guest room carpets at Trump Plaza Hotel & Casino stayed dirty. For want of a dollar, Trump Taj Mahal couldn't add a hotel tower like its competitors did. For want of a little novelty, slot players at Trump Marina took their coin cups next door to the Borgata Hotel Casino & Spa. But luck is turning for Donald Trump's casino company, which emerged from Bankruptcy Court protection last spring and is aggressively trying to regain lost ground.
NEWS
February 25, 1996 | JOHN CURRAN, ASSOCIATED PRESS
Even with giant casino hotels dwarfing her crumbling three-story home, Vera Coking refused to sell. An unlikely player in a real-life game of Monopoly, the feisty widow turned down $1 million at least once for her 30-by-60-foot lot, and now says she wants $3 million. She may never get it. Coking watched from the outside as Donald J. Trump's newest casino project, a 22-story addition to neighboring Trump Plaza Hotel and Casino, opened Feb.
BUSINESS
February 14, 1994 | MARY BETH SHERIDAN, ASSOCIATED PRESS
Is The Donald back? Picture this: Donald Trump, surrounded by well-wishers, plunges a knife into a large gray-frosted cake shaped like a hunk of Manhattan's elevated West Side Highway. The party last year celebrated city approval of his planned apartment complex near the relocated road. Fast-forward four months, to Gulfport, Miss., where Trump wants to build a casino.
BUSINESS
November 12, 1993 | From Times Staff and Wire Reports
Trump May Regain Casinos: Donald Trump, who nearly lost his three Atlantic City casinos to creditors, appears to be on the verge of regaining full control. Trump has reached a tentative agreement with a group of Trump Taj Mahal Hotel & Casino investors to restructure the swank gambling hall's finances, the investors announced.
BUSINESS
March 10, 1992 | From Times Staff and Wire Reports
Two Trump Casinos File Chapter 11: Two of Donald J. Trump's three Atlantic City, N.J., casinos, the Trump Castle and Trump Plaza, filed for Chapter 11 bankruptcy protection. The prepackaged filings were made in U.S. Bankruptcy Court in Camden, N.J. In a prepackaged deal, a plan that includes a reorganization blueprint and terms for paying creditors are worked out before a company enters bankruptcy. Bondholders completed voting Friday on an approval of the plans.
NEWS
June 7, 1990 | From Times wire services
Donald Trump's top executive in this casino city today flatly denied that the New York developer planned to sell any of his gaming halls in the wake of reports of cash flow problems. "Let me tell you today there is no 'For Sale' sign on the Trump properties," said Ed Tracy, president of Trump's three casino complexes and luxury hotel here. "The properties are not for sale--not Trump Plaza, Trump Castle or Taj Mahal."
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