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Later that year, TER bought its Indiana casino to The Majestic Star Casino, LLC for $253 million. Trump stated the filing was “really only a technical factor” as one of the only ways to implement the restructuring plan. On October 21, 2004, the company introduced a preliminary settlement with its investors. In 2004, Trump Motels & On Line Casino Resorts explored various options for restructuring its debt, amid hypothesis that it’d file for bankruptcy.
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