Trump Entertainment Resorts Inc., the bankrupt owner of the Trump Taj Mahal, offered to restore health insurance to its employees for at least two years in a last-ditch bid to keep the Atlantic City casino open, Bloomberg News reported on Saturday. In a letter dated on Friday, Trump Chief Executive Officer Robert F. Griffin asked union official Robert McDevitt to drop an appeal of a court ruling that allowed the casino to cancel its labor contract. In return, the company would restore health care and contribute 81 cents per hour worked by an employee to a pension. Last week, Bankruptcy Judge Kevin Gross ordered company officials to justify their continued control of the company or risk having a trustee appointed to liquidate Trump entertainment’s assets. The judge scheduled a hearing for Dec. 4. Trump Entertainment faces continuing losses and doesn’t have financing to support its reorganization efforts, so “there is no reasonable likelihood of rehabilitation,” Gross said in a Nov. 19 order. The Trump Taj Mahal is set to close on Dec. 12, becoming the fifth Atlantic City casino to shutter this year.
