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
Ivanka Trump and Jared Kushner with the Trump National Golf Club in Bedminster (Getty; Trump Org)

Ivanka Trump and Jared Kushner prepare NJ home for arrival

Ivanka Trump and Jared Kushner prepare NJ home for arrival
From left: President Donald Trump, Blackstone's Jonathan Gray and Tishman Speyer's Rob Speyer (Getty)

Real estate execs, business leaders urge Trump to begin transition

Real estate execs, business leaders urge Trump to begin transition
Eric and Donald Trump Jr. with 1100 Pennsylvania Avenue (Photos via Getty; Trump Hotels)

Trump Org puts DC hotel sale on “indefinite hold”

Trump Org puts DC hotel sale on “indefinite hold”
Blackstone's Stephen Schwarzman and President Donald Trump (Getty)

Blackstone’s Schwarzman defends Trump on exec call

Blackstone’s Schwarzman defends Trump on exec call
(Credit: iStock)

Feds put Neoclassical architecture policy into practice

Feds put Neoclassical architecture policy into practice
Trump Tower and (inset) Henry Laufer (Google Maps, Archetron)

Democratic megadonor unloaded Trump Tower condo day before election

Democratic megadonor unloaded Trump Tower condo day before election
arrow_forward_ios

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

Loading...