He declined to predict how long it will take for the company to emerge from bankruptcy. The company would also be able to draw on a $500 million credit line at 4 percent interest, he said. The interest rate on the debt would be reduced to 8 percent, from 15 percent, under the bankruptcy reorganization plans, he said. The filings list debt of about $1.8 billion in debt, which Trump said would be cut by $500 million. Valley View Casino: The main casino allows smoking, according to an emailed statement from a spokesperson. Spotlight 29: Smoking is allowed on the casino floor, according to customer service operator reached by phone. The properties have been hurt badly by new competition from the Borgata Hotel Casino & Spa and other casinos. Cahuilla Casino: Smoking is allowed in the main casino, according to an emailed statement from a spokesperson. The Trump casino operations have been fighting to survive amid debt that has hampered Trump’s efforts to maintain and expand his Trump Marina, Trump Taj Mahal and Trump Plaza casinos in Atlantic City. There’s no way we could have done that without the ’B’ word,” he said. “We have one of the most powerful gaming companies the day it comes out (of bankruptcy). It’s really just a technical thing, but it came together.” “In this case, it was just something that worked better than other alternatives. “I don’t think it’s a failure, it’s a success,” he said in the interview.
