ATLANTIC CITY, N.J. — Real estate mogul and reality TV star Donald Trump, his daughter Ivanka, and Dallas-based Beal Bank fought off competition from bondholders in bankruptcy court to purchase the Atlantic City casino company he once ran and that has always borne his name.

Trump Entertainment Resorts Inc. chose Donald Trump's $100 million cash offer late Monday night. The Trumps and an affiliate of Beal Bank Nevada will take the company private. The deal still must be approved by a bankruptcy judge.

Ironically, Trump regained control of the company the same way he lost it four years ago — through bankruptcy.