P.M. BRIEFING : Trump’s $65-Million Loan Near
Investigators for the New Jersey Casino Commission today recommended approval of a $65-million bank loan to bail out Donald Trump after regulators concluded Trump’s real estate and casino empire is in “dire financial straits.”
“We reluctantly agreed to this because there are no other viable options,” Thomas Auriemma, deputy attorney general for the Casino Control Commission’s Division of Gaming Enforcement, said.
Although the loan approval recommendation is not binding, it was viewed as favorable for the mogul. The commission said it would rule on the matter Tuesday.
Approval would pave the way for Trump to receive the sorely needed cash injection. “We are very happy with this,” Trump told reporters after the hearing.
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