Trump Ready To Say Goodbye To His Atlantic City Casinos

Donald Trump has made his fortune by his incredible business savy, but in his newest deal he insists that a piece of his heart will go along with the property.

This week, a deal could be finalized in the ongoing negotiations to buy Trump Entertainment Resorts and along with it, Trumps Atlantic City casinos, which include Trump Plaza, the Taj Mahal, and Trump Marina casinos.

The asking price for all of this is said to be over $2.2 billion, but any investors would have to also take over the $1.5 billion of debt.

Even when Trump does finalize the deal he insists it will be one of the harder things he's ever had to walk away from, saying, "I've been here for so long, it's been a really wonderful journey." He went on to say," I'm one of the biggest developers in the world, but i have a great loyalty to Atlantic City." Trump has been involved in the city for 26 years.

Whoever does take over the casinos will have their work cut out for them as four, biliion dollar casinos are in the process of being built and current competitors are spending hundreds of millions of dollars in upgrades.

The deal could be done as early as this week but could take a bit more time to work out the details.

June 26, 2007
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com    Previous Page | Internet Gambling | Top Online Casinos | Submit News!

Gambling Profits Lead American Indians to Higher Education
Florida Full Gambling Establishments Could Happen Soon
Seminole Indian Hard Rock Brand Set for Major Expansion
UNLV Does Studies and Provides Assistance for Problem Gamblers
New Report Expects Global Gambling To Increase Signifigantly