Donald Trump Sues To Have Named Removed From Atlantic City CasinosReal Estate Giant No Longer Wants Ties To Slumping Casino Market |
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On Tuesday, real estate giant and reality TV star Donald Trump filed a lawsuit demanding that his name be removed from two Atlantic City casinos.
Trump sued Trump Entertainment Resorts, which operates the Trump Plaza and Trump Taj Mahal, a corporation he once controlled and still has a 10 percent stake in. The 68-year-old billionaire argues that the two slumping casino properties are hurting his brand and image.
“I want it off both of them,” Trump said in an interview. “I’ve been away from Atlantic City for many years. People think we operate [the company], and we don’t. It’s not us. It’s not me.”
The Trump Taj Mahal will continue operations, but the Trump Plaza is already scheduled to close its doors in September.
Trump Entertainment Resorts was initially formed under the named Trump Hotels and Casino Resorts. The company field for corporate bankruptcy three times, in 1991, 2004 and finally in 2009 when Trump was forced to resign his position as Chairman of the Board.
In the past, the company has owned five other properties, including the Trump Castle in Atlantic City that later became the Golden Nugget.
There were 12 casinos in Atlantic City at the beginning of 2014, but its possible the once thriving gambling destination will be down to just eight by the end of the year.
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