The Real Deal New York

Trump: Take my name off Atlantic City casinos

In lawsuit, developer claims owner of Trump Plaza and Trump Taj Mahal tarnishing his brand
August 06, 2014 11:40AM

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

  • American Gaming Guru

    The hypocrisy here is laughable. Trump begged the last bankruptcy court judge
    to accept his/investors plan to keep his name on the places even though his
    equity was essentially being wiped out.
    Guess who ran those places into the ground? Donald did!
    He over-levered them to the hilt, they then could not afford upgrades
    and when the market tanked, Donald filed for BK. Now he is running for cover.

    What a joke! The AGA should consider removing his name from the Gaming Hall of Fame. That alone might make him reconsider his position with Trump Entertainment.

  • Mike Kennedy

    We need Donald Trump to run for President, he is the best person for job.
    Trump builds things , not a pompous intellectual.

  • Mike Kennedy

    Donald was pushed out of decisions by the QATAR based family that sunk these Casino’s.

  • Mike

    Trump reduced his position? Nice was of saying that in multiple attempts to avoid losing everything he negotiated with bondholders and creditors and was forced to give up portions of his equity stake multiple times until his stake was significantly reduced.