Sign In
Free Newsletter
Trump tweets he ‘may buy back in’ to Atlantic City to ‘save’ Trump Plaza, Taj Mahal
Andrew George//September 16, 2014//
Trump tweets he ‘may buy back in’ to Atlantic City to ‘save’ Trump Plaza, Taj Mahal
Andrew George//September 16, 2014//
Listen to this articleThough Donald Trump reportedly sued Trump Entertainment Resorts last month in an attempt to get his name taken off Trump Plaza and Trump Taj Mahal in Atlantic City, two casinos he once controlled, the real estate mogul tweeted Tuesday that he might look to “buy back in” in attempt to save the troubled properties.
I left Atlantic City years ago, good timing. Now I may buy back in, at much lower price, to save Plaza & Taj. They were run badly by funds!
— Donald J. Trump (@realDonaldTrump) September 16, 2014
Trump’s tweet came just hours after Trump Plaza closed its doors early Tuesday morning, marking Atlantic City’s fourth casino closure this year and the third within the last month. The move put approximately 1,000 people out of work.
The Taj Mahal may be next to go, as Trump Entertainment Resorts filed for bankruptcy earlier this month and its roughly 3,100 employees have been formally warned that a closing could occur as early as Nov. 13.
Trump responded to tweets and retweeted others applauding his idea of a return to Atlantic City.
“@sirsmooth61 taj employee here mr trump, we will welcome you back with open arms! We need you back!” Thanks Mark, I am looking!
— Donald J. Trump (@realDonaldTrump) September 16, 2014
@realDonaldTrump please buy your casinos back!! I love going to Atlantic City and seeing your beautiful casinos. #SaveAtlanticCity
— Richie Lopez™ (@richiejlopez) September 16, 2014
@realDonaldTrump Atlantic City needs some of the Trump Magic to help save the beach resort. If anybody can do it, it’s you!
— Payne Ortlieb (@MrPayneOrtlieb) September 16, 2014
Trump told the Associated Press last month that he wanted his name off of both casinos because they had fallen into a state of disrepair and misrepresented his personal brand.
According to the Associated Press, Trump’s remaining 10 percent stake in Trump Entertainment Resorts allows the company to utilize his name for licensing purposes.
ALSO ON NJBIZ:
