Icahn buys 1st-lien debt of Trump's casino company (AP)

Financier Donald Trump is gearing up for a fight with billionaire Carl Icahn, a major creditor, next week over the future of his namesake casinos in Atlantic City.

AP - Carl Icahn has bought the remaining half of the $500 million mortgage on the three Trump Entertainment Resorts casinos he's trying to buy out of bankruptcy.

About to leave its third bankruptcy behind, Trump Entertainment Resorts has a simple formula for the future in the cutthroat Atlantic City casino market: less debt, more cash and more Ivanka.

Carl C. Icahn, the investor, agreed to buy most of Trump Entertainment Resorts’ bank debt.

Carl C. Icahn has bought the remaining half of the $500 million mortgage on the three Trump Entertainment Resorts casinos he is trying to buy out of bankruptcy.

About to leave its third bankruptcy behind, Trump Entertainment Resorts has a simple formula for the future in the Atlantic City casino market: less debt, more cash and more Ivanka.

Billionaire investor Carl Icahn is back in the Atlantic City casino business. A bankruptcy court judge in Camden approved the sale of the Tropicana Casino and Resort on Friday to a group of creditors led by Icahn.

CAMDEN, N.J. (AP) -- Billionaire investor Carl Icahn is back in the Atlantic City casino business....