Andy Beal enters Casino-business with Donald Trump!
Real Estate and Casino mogul Donald Trump, who is also the host of tv’s reality series “The Apprentice”, and Beal Bank (Andy Beal) have decided to enter the casino business again.
-”Andy Beal likes to play the biggest games”
Andy Beal is one of the bankers who are going to invest to the company which Donald Trump lost. In February 2009 Trump Entertainment Resorts was filed for bankruptcy for the third time. Yesterday the company informed that they have chosen Donald Trump to lead it again.
Trump’s daughter Ivanka and the Texas based Beal Bank are the co-owners.
“We’re going to invest $100 million initially… it will be a wonderful company after we intelligently spend money to fix it.” Trump said.
This is the third trip to bankruptcy court for the firm’s three Atlantic City casinos. At the time, it listed assets of $2.06 billion and debt of $1.74 billion, as of Dec. 31.
“My previous investment in the company was destroyed by excessive and restrictive debt.” Trump says.
Andy Beal is known the be the player who has the biggest ever poker winning in a single day. In 2004 Beal won $11.7 million from “The Corporation” which included players like Chip Reese, Hamid Dastmalchi, Gus Hansen and Jennifer Harman.
“The Corporation” includes other players like Doyle Brunson, Todd Brunson, Ted Forrest, Howard Lederer, Phil Ivey, Barry Greenstein, Chau Giang and others.
It’s not a hidden fact that many high-roll players have been waiting to play against Beal again.
Beal started his career as a blackjack player. In 2001 Beal began to visit Bellagio to participate in high-stakes games.
By the end of their matches they were playing staggering $100.000/$200.000 Limit Hold’em with more than $20 million on the table.
In 2006 Beal challenged “The Corporation” again and lost about $16.6 million to Phil Ivey in three days.
Source: Pokeri
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Andy Beal enters Casino-business with Donald Trump!
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