Trump: Take my name off Atlantic City casinos

In lawsuit, developer claims owner of Trump Plaza and Trump Taj Mahal tarnishing his brand

New York /
Aug.August 06, 2014 11:40 AM

Donald Trump filed a lawsuit to remove his name from two Atlantic City, N.J., casinos that he no longer owns.

Trump Entertainment Resorts, a corporate entity formerly affiliated with the developer, was accused of Allowing The Trump Taj Mahal And The Trump Plaza to slip into “an utter state of disrepair.” Donald Trump, who filed suit in New Jersey State Superior Court in Atlantic County yesterday, said the state of the casinos is tarnishing his brand.

“I’ve been away from Atlantic City for many years,” Trump told the Associated Press. “People think we operate (the company), and we don’t. It’s not us. It’s not me.”

Trump Entertainment Resorts CEO Robert Griffin declined to comment to the AP.

Last year, the 39-story, 906-room Trump Plaza casino and resort sold to a California-based holding company the Meruelo Group for $20 million, as previously reported.

Trump Entertainment Resorts filed for bankruptcy four times between 1991 and 2009. After the first bankruptcy, the company went public and Trump began reducing his stake in it, from 36.6 percent in 1991 to just 5 percent as of last year, as The Real Deal reported. [AP via Crain’s]Mark Maurer


Related Articles

arrow_forward_ios
Make Greenland Great Again? Trump wants to buy Arctic territory
Make Greenland Great Again? Trump wants to buy Arctic territory
Make Greenland Great Again? Trump wants to buy Arctic territory
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Donald Trump and The Mar-a-Lago Club in Palm Beach (Getty Images, LoopNet, iStock/Illustration by Steven Dilakian for The Real Deal)
Trump’s toilet triumph: Former No. 1 giving guests more places to go No. 2
Trump’s toilet triumph: Former No. 1 giving guests more places to go No. 2
From left: Letitia James, attorney general of New York; Donald Trump, 45th U.S. president (Getty Images, Wikipedia/ChrisRuvolo, iStock/Illustration by Steven Dilakian for The Real Deal)
New York AG alleges Trump altered values at 6 properties
New York AG alleges Trump altered values at 6 properties
Donald Trump and Trump National Doral (Trump Hotels, Getty)
Trump planning retail, luxury homes in Doral resort expansion
Trump planning retail, luxury homes in Doral resort expansion
1 Central Park West and Andrew Napolitano with Donald Trump (Trump Org, Getty, iStock)
Judge Andrew Napolitano ditches Trump condo after Fox News ouster
Judge Andrew Napolitano ditches Trump condo after Fox News ouster
Mary L. Trump's tell-all book on the Trump family. (Getty)
Donald Trump’s niece, Mary, buys $7M Soho condo
Donald Trump’s niece, Mary, buys $7M Soho condo
Vornado's Steven Roth and Donald Trump with 1290 Sixth Avenue (Getty, VNO)
Vornado, Trump top Manhattan’s largest loans in November
Vornado, Trump top Manhattan’s largest loans in November
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...