Former Atlantic City casino group Trump Entertainment Resorts has filed bankruptcy documents announcing that it has settled with its former online casino partners Betfair and Ultimate Gaming.
The sites were operating their online betting sites through the Trump Taj Mahal and Trump Plaza properties in Atlantic City, and filed claims against the Trump properties for assets that they claim to have interest in. In Betfair's case, they will be taking the customer base from their deal with Trump Plaza, as well as $700,000 in unsecured money. Ultimate Gaming did not have their details revealed, but they had previously claimed $1.5 million from the Trump Taj Mahal.
The amounts were approved by the casino group's chief creditor Carl Ichan, who said he will cancel out $286 million in debt and purchase the properties.