$225M. not enough to float Trump’s boat - 2004-01-18
Donald Trump rejected an offer of $225 million for his company's floating casino in Gary, Ind., people familiar with the issue said.

The offer came from Don Barden's Majestic Star, which operates adjacent to Trump Casino on Lake Michigan and shares some common land facilities with Trump.

Trump wanted $250 million for the boat, which was on pace to produce cash flow of $28 million for last year. The deal fell apart Jan. 9.

Trump's company would have had to use proceeds to pay down the $490 million in debt it issued last spring.
Read the full story at Press of Atlantic City

New Senate leader wants casino help for horse racing - 2004-01-18
State Senate President Richard Codey says some kind of casino-industry contribution to horse racing is unavoidable.

"We need some kind of agreement to increase purses from Atlantic City," said Codey, D-Essex, the highest-ranking member of the state Legislature. "It's the right thing to do."

Codey, a longtime backer of video lottery terminals,
or VLTs, at state racetracks, became sole leader of the state Senate on Tuesday. He and other horse-racing supporters blame the arrival of casino gaming for the sport's decline in the Garden State.
Read the full story at Press of Atlantic City