Trump Plaza Sold For Just $20 Million: ReportCasino Goes To California Company Which Already Has Casino In Nevada |
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The Associated Press reported Thursday that Trump Plaza in Atlantic City has been sold to a California company for just $20 million.
The purchase reportedly would be the cheapest ever for an Atlantic City gambling joint.
The Meruelo Group, the buyer, also owns a casino in Nevada.
Trump Plaza, like the entire industry in Atlantic City, has been struggling mightily in recent years. In 2012, the casino took in about $102 million from gamblers.
The deal follows a move by PokerStars to acquire The Atlantic Club Casino Hotel.
New Jersey will almost surely be home to an Internet gaming industry in the future.
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