Donald Trump needs a magic wand to save casino empire

Entrepreneur Donald Trump, who helped transform Atlantic City from a dying resort town into the first legal casino mecca outside of Las Vegas, is back in control of the gaming empire that bears his name. The problems of the star of NBC's "The Apprentice" go beyond money, however.

According to media reports, Trump and BNAC, an affiliate of Beal Bank Nevada, agreed to buy bankrupt Trump Entertainment Resorts Inc. (TRMPQ) for $100 million. The operator of Trump Plaza Hotel Casino, Trump Taj Mahal Casino Resort and Trump Marina Hotel Casino will go private. Things, according to the self-confident Trump, could not be better.