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The Press of Atlantic City reports: “Trump and ‘Margaritaville’ group agree to lower price for Marina casino”

Donald Trump has done what many real estate sellers have been forced to do in this tough economy. He’s lowered the price of one of his casinos to make it more attractive to a buyer. Trump Entertainment Resorts Inc. has slashed the sale price of Trump Marina Hotel Casino from $316 million to $270 million to salvage a deal with businessman Richard T. Fields.

Fields and his New York gaming group Coastal Marina LLC plan to transform the aging Trump Marina into a “Margaritaville” casino inspired by singer Jimmy Buffett’s famous song from the 1970s. Buffett’s Margaritaville business arm will be part of the casino venture.

written by phjim