Trump Entertainment weighs sale of Trump Plaza

ATLANTIC CITY Trump Entertainment Resorts Inc. is considering either selling or expanding Trump Plaza Hotel and Casino, with a decision likely within two months.

Bob Griffin, CEO of Trump Entertainment, says the key to the company’s future is the 904-key Trump Plaza, which could be sold to help pay down debt. Trump Entertainment is also considering expanding the aging Atlantic City resort, possibly with the help of a joint venture partner.

Trump Entertainment this week completed the US$38 million sale of Trump Marina Hotel Casino to Landry’s Inc., which is in the process of converting it to the Golden Nugget brand. With Trump Marina unloaded, a sale of Trump Plaza would give the company just a single property—Trump Taj Mahal Casino Resort.

And even that property could ultimately be sold as well, Griffin says, although he stresses that such a transaction—if it were to happen—would ouccur in the longer-term.