According to the Financial Times, Donald Trump could take his troubled Trump Entertainment Resorts off the stock market and make it a privately held venture.
In late November, the company in which Mr. Trump holds a 24 percent stake announced it would not make the $53.1 million interest payment that was due on Dec. 1. As a result of the missed payment, Standard & Poor's Ratings Services cut its credit rating.
The Atlantic City-based company said skipping the payment was “part of a strategy to maintain sufficient liquidity.” After missing the payment, Trump Entertainment said it plans to use the 30-day grace period to restructure capital, improve liquidity as well as to grow and diversify the business, which will be over by the end of December.