It ended at $1.60 in May 2005, when the company underwent its first reorganization. After rising for the first year, the share price fell below its $14 offering price and became a penny stock in 2004. The bankruptcy court closed the case in 2012, and the company de-registered its stock the following year.Īs an investment, Trump Hotels & Casino Resorts was a big loser. In its final annual 10-K filing, it cited increased competition in and around Atlantic City, as well as the economic downturn as challenges. The company lost nearly $2 billion from mid-2005 through mid-2010, when it reorganized yet again.
It was reorganized into Trump Entertainment Resorts in 2005, listing on the Nasdaq as TRMP and declaring bankruptcy again in 2009.
