Atlantic City Casino Trump Marina Becoming Golden Nugget AC

ATLANTIC CITY, N.J. (CBSNewYork/AP) — Trump Marina, you’re fired.

The Atlantic City casino that once bore Donald Trump’s name was changing hands Monday.

The casino was being bought by Texas-based Landry’s Restaurants, which is renaming it the Golden Nugget Atlantic City. The sale was expected to be approved by the New Jersey Casino Control Commission.

Trump Entertainment Resorts was selling the casino, one of three it owns, for $38 million in order to help pay down its debt. Just three years ago, it was to be sold for $316 million in a deal that fell through when the economy tanked.

The new owners plan to pump about $150 million into the casino, which has been one of Atlantic City’s worst-performing in recent years.

Landry’s owns the Golden Nugget in Las Vegas.

(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

Comments

One Comment

  1. HARLEM GOING HAM says:

    AND THIS WIG WEARING RACIST WANTS TO BE OUR PRESIDENT, AND HE CAN’T EVEN MANGE HIS OWN BUSINESS. HE SHOULD TAKE ONE OF INFAMOUS ADS IN THE PAPER AND CALL FOR HIS OWN LYNCHING.

  2. louie says:

    What is worse
    Trump Marina
    or Trump University?

  3. Roy says:

    This place has tanked,I hope 150 mil in revnovations ,can bring it back to life.Blame Donald for it’s demise,the other Trump dumps will be soon to follow………

  4. Denise says:

    I’d bet the poor economy and high unemployment has more to do with a casino’s poor performance than who owns it, or how much money is pumped into it. $150 Million is a huge sum of money to invest in something, and will take quite a while to recoup, and then add profit on top of that.

  5. Joe from Massachusetts says:

    Great to see the Golden Nugget’s return to Atlantic City! It might help to stimulate more people to go to a great resort area located on the East Coast instead in the West. This company runs more than Casinos and knows what consumes want, just visit their other Golden Nugget in Las Vegas to see that.

  6. Maurice Romy says:

    I can’t wait to start playing here..

  7. iggy says:

    good thing trump is sticking to business because it seems business is sticking it to trump.

Comments are closed.

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