As cash quickly runs out to keep Atlantic City’s Trump Taj Mahal Casino Resort open, a bankruptcy judge refused to sign off on the outlines of a bankruptcy-exit plan for owner Trump Entertainment Resorts Inc., telling the casino operator to come back next week with a firmer vision for the casino’s future, the Wall Street Journal reported yesterday. "My concern is that there is simply too much immediate uncertainty," Bankruptcy Judge Kevin Gross said during a Wednesday hearing. "There needs to be something in place that provides comfort that there is really a path to a plan." Under its current proposal, Trump Entertainment's secured lenders — entities controlled by billionaire Carl Icahn — would swap some of their $292 million in debt for the equity in a reorganized company. The Icahn entities have also agreed to extend a $100 million loan to get the ailing gambling operation on its feet. The plan, however, depends on the company securing $175 million in tax benefits and other aid from city, county or state government agencies.
