Trump Entertainment Resorts Inc., the casino operator founded by Republican presidential candidate Donald Trump, emerged from bankruptcy court protection on Friday and is now a subsidiary of billionaire Carl Icahn’s Icahn Enterprises LP, Bloomberg News reported. While Trump hasn’t owned the parent of the Taj Mahal casino for years, his record in Atlantic City, N.J., has become a topic on the campaign trail. Trump opened the Taj Mahal in 1990. The parent company continually struggled with debt, and Trump Entertainment filed for bankruptcy court protection in September 2014. The filing coincided with a protracted downturn in betting in Atlantic City that led four of the city’s 12 casinos to close. It was the Trump casino businesses’ fourth time in bankruptcy.
