June 2nd, 2008
Trump Marina casino finds a buyer.
It seems that property mogul, casino entrepreneur and reality TV star Donald Trump has found a buyer for the ailing Trump Marina casino.
The Associated Press reports that Coastal Marina LLC, an affiliate of Coastal Development LLC, will be buying the property and it will be rebranded under the Jimmy Buffet brand “Margaritaville”. This means that Coastal Marina will now be getting a second casino property as chairman, Richard T. Fields, is the co-developer of the Seminole Hard Rock Hotel and Casino in Florida.
Well, well, well! I think this bodes well for the marina property that in recent years has taken a hammering from market leaders the Borgata Hotel Casino and Spar and Harrah’s Atlantic City casino. I also think the “Margaritaville” branding (taken from a Jimmy Buffet song) will bring a breath of fresh air to the Atlantic City casino area.
Cheers for now!
Justin
PS: Apologies about the lack of posts over the last few days, but I’ve been ill.
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June 3rd, 2008 at 1:22 pm
[...] It seems that property mogul, casino entrepreneur and reality TV star Donald Trump has found a buyer for the ailing Trump Marina casino. The Associated Press reports that Coastal Marina LLC, an affiliate of Coastal Development LLC, … Source: Trump Marina casino finds a buyer. [...]