Trump Entertainment Resorts Inc. got court approval to use cash that secures loans from funds affiliated with billionaire Carl Icahn to prevent immediate liquidation, even as a lawyer said the casino operator may shut down if it doesn’t get concessions from unions, Bloomberg News reported yesterday. Bankruptcy Judge Kevin Gross yesterday granted the company founded by Donald Trump permission to use the money to fund its bankruptcy and operations. Judge Gross also said the company could continue paying employees and vendors and honoring customer programs.
