Trump Entertainment Resorts to Sell Atlantic City Casino

Trump Marina hotel and casinoTrump Entertainment Resorts agreed to sell the Trump Marina Hotel Casino in Atlantic City for $38 million.

The casino will be sold to Landry's Inc., which operates the Golden Nugget casinos in Las Vegas and Laughlin, Nevada, Trump Entertainment Resorts said in a statement.

The transaction is expected to close in the second quarter, provided it receives regulatory approval.

Trump Entertainment Resorts plans to use the proceeds to reduce its long-term debt.

Read Full Story
  • DJI25763.40-113.93-0.44%
  • NIKKEI 22521283.3710.920.05%
    Hang Seng27705.9448.700.18%
  • USD (PER EUR)1.12-0.0007-0.07%
    USD (PER CHF)0.990.00220.22%
    JPY (PER USD)110.27-0.2630-0.24%
    GBP (PER USD)1.27-0.0040-0.32%