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Bets Almost Down

Around the State – South JerseyATLANTIC CITY At least three new investors are likely to make bids for Trump Entertainment Resorts Inc. in Atlantic City, according to media reports. They include Goldman Sachs’ affiliate Whitehall Street Real Estate Funds, the Blackstone Group and a group headed by Dennis Gomes, a casino industry veteran who was formerly president of Trump Taj Mahal. However, none have confirmed their interest in the company’s three casinos, all in Atlantic City, according to the Press of Atlantic City.

Trump Entertainment three months ago said it was exploring “strategic options,” including a potential sale. The first round of bidders attracted a few preliminary offers that weren’t revealed.

Whitehall Street was rumored to be interested because it agreed last April to buy four casinos from Carl Icahn for $1.3 billion. Gomes is fresh from a failed bid to put up a gaming resort in the Poconos. Wall Street analysts don’t expect a lucrative offer for Trump Entertainment, citing the need to invest in upgrading the aging casinos.

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