Jones Lang LaSalle
GlobeSt.com UPDATE: Trump Entertainment Names Black CFO
By Sean Ryan
Last updated: November 21, 2005 12:19pm

Sean Ryan is associate editor of Real Estate New Jersey.

ATLANTIC CITY-Trump Entertainment Resorts Inc. has named Dale Black the new executive vice president and chief financial officer. The previous CFO, Frank McCarthy, will now serve as executive vice president and corporate controller. For previous coverage, click here.

Black comes from Argosy Gaming Co., where he had worked 12 years, most recently as senior vice president and chief financial officer. “Dale was instrumental in the financial restructuring of Argosy over several years,” says James B. Perry, president and CEO of Trump Entertainment. Perry has also recently come from Argosy, where he was president and CEO. Donald Trump was forced to step down from his previous position as a result of the Chapter 11 bankruptcy of Trump Hotels & Casino Resorts--although Trump still retains the position of chairman of his titular company. The current Trump Entertainment Resorts is the successor company.

“He has an excellent relationship with the banking and investment communities,” Perry says of Black, “who recognize his ability to develop and implement financial strategies that have resulted in increased free cash flow, and created significant value for shareholders.”