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Full Story At Bloomberg.com: U.S.

Feb. 17 (Bloomberg) — Trump Entertainment Resorts Inc., the casino company founded by Donald Trump, filed for bankruptcy after annual gambling revenue in Atlantic City, New Jersey, plunged the most on record.

The petition for Chapter 11 bankruptcy, filed four years after its predecessor company failed, listed less than $50 million in assets and less than $500 million in debt, according to a petition filed today in U.S. Bankruptcy Court in Camden, New Jersey.