In what could be a replay of 2005, Trump Entertainment Resorts is looking to reach a new deal with bondholders to restructure its suffocating debt and prop up its casinos. The company’s stock has plummeted to 25 cents per share. As expected, it missed a USD 53.1 million interest payment this week. Now come warnings of another possible journey through bankruptcy court.

At the same time it is selling Trump Marina Hotel Casino, Trump Entertainment Resorts Inc. is in negotiations for a new casino perched on the Pacific Ocean in Panama City, Panama. It would represent the first time the Trump casino brand has been taken internationally, although Trump has been busy developing non gaming projects such as luxury hotels, condominiums and golf courses across the globe through his Trump Organization real estate arm.