Marc Lasry steps down as Chairman of Trump Entertainment resorts

Posted On 14 Jan 2013

Northern, WI 1/14/2013 (avauncer) –Marc lasry, chairman of Trump Entertainment Resorts who ushered its bankruptcy buyout in 2010 of $225 million is stepping down as Chairman of its board of directors. The Atlantic City casino company said that he will be stepping down from office on Feb. 28.
Lasry is the chairman of Trump Entertainment. He is also Chairman and CEO for Avenue capital group an investment firm which is one of the biggest investors for Trump Entertainment with three representatives on Trump entertainment’s board.
Robert Griffin will be Lasry’s replacement as the board of director. Griffin is currently Trump Entertainment’s chief executive officer. Since 2010, Griffin has been a board of member of Trump Entertainment.
Michael Elkins from Avenue Capital would replace Lasry as one of the board of directors.

About the Author

David H. Steinberg grew up in West Hartford, Connecticut, entered Yale at age 16, and earned his law degree from Duke University, where he served as editor-in-chief of the law review. After four years of entertainment law in Atlanta and New York, he abandoned his legal career to attend U.S.C.’s Peter Stark Producing Program. Steinberg broke out as a writer in 1999 with his teen comedy SLACKERS that ignited a bidding war for the script. The movie starred Devon Sawa, Jason Schwartzman, and model Jaime King and became an instant cult classic.