Judge approves Trump bondholder plan for Atlantic City casinos

Associated Press reporting said Judge Judith Wizmur selected the $225 million reorganization led by Trump, Avenue Capital, and bondholders rather than Carl Icahn’s bid, leaving Trump with a 10 percent stake if he licenses his name to the casinos and prompting Trump to call the ruling "tremendous news for Atlantic City."

“This is a great victory for us and a great victory for Atlantic City,” Quote verified against source