After leaving the board of Trump Entertainment Resorts, a New Jersey-based casino conglomerate that filed for bankruptcy for the third time in February as it continues to wrangle with a $1.7 billion in debt, Donald Trump and his former company have apparently reached a satisfactory agreement.

Trump gets a 10% stake in a newly-structured company that serves as an umbrella for three Atlantic City casinos, the Trump Taj Mahal, Trump Marina, and Trump Plaza.  As part of the new deal, Trump and his daughter Ivanka have agreed to drop a lawsuit against Trump Entertainment Resorts, which centered around his $116 million bid to regain control of the three New Jersey casinos that bear his name.   Speaking of which, the new deal allows Trump to stamp his name on other gambling endeavors as long as its outside of a five state radius from Atlantic City.

It’s a pretty good week for Trump.  Not only does he square things up with his company, but his much-touted Trump Waikiki Beach Walk hotel – a five star, 462 luxury room property – opened in Honolulu this week as well.  Perfect timing – he might need to head out there for some R and R after his latest boardroom…