Trump Entertainment Resorts’ reorganization plan was approved on Thursday by a judge in Delaware. The plan gives billionaire investor Carl Icahn control of the reorganized company and the Taj Mahal casino in Atlantic City. Icahn is owed over $290 million and will exchange his debt for 100 percent of the reorganized company’s stock. Icahn plans to keep the Taj Mahal open, saving 3,000 jobs and retaining the Trump brand.
