Trumps resign from troubled casino business' board

Posted by Rachel Leigh email

(WFLX) - Donald Trump and his daughter, Ivanka, resign from the board of directors of his troubled casino business.

Trump Entertainment Resorts won a fourth extension this week on restructuring more than $125 billion in debt.

In a statement released late Friday, Trump said, he is quitting the board because he, "Disagrees with the bond holders' actions".

Analysts say the company may have to file for bankruptcy protection if it doesn't work out a deal with its bond holders.

Trump has filed for bankruptcy four times since 1991.