Trump Entertainment Resorts to Sell Atlantic City Casino

Before you go, we thought you'd like these...
Before you go close icon
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

Markets

S&P 500 2,388.08 -0.69 -0.03%
DJIA 20,959.12 -22.21 -0.11%
NASDAQ 6,056.85 7.92 0.13%
DAX 12,434.11 -9.68 -0.08%
NIKKEI 225 19,196.74 -55.13 -0.29%
HANG SENG 24,615.13 -83.35 -0.34%
USD (per EUR) 1.09 0.00 0.35%
USD (per CHF) 0.99 0.00 -0.04%
JPY (per USD) 111.47 0.25 0.22%
GBP (per USD) 1.29 0.00 0.09%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

Large Numbers Of Horses Are Being Stuffed Into These Crates For A Despicable Reason Large Numbers Of Horses Are Being Stuffed Into These Crates For A Despicable Reason
Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going
13 People Recount Their First Kiss Horror Stories 13 People Recount Their First Kiss Horror Stories