Trump Casino in Atlantic City to become Margaritaville Casino

posted May 29th, 2008 at 11:30 am

12 Comments »
by Josh Martin

Atlantic City’s Trump Marina Hotel Casino in Atlantic City, New Jersey is being sold to a New York company who, along with Jimmy Buffett, will rename the Casino “Margaritaville.”

“They are buying a wonderful building in a great location,” Trump said in a statement. “It has been an important part of our company with a loyal customer base and a dedicated team.”

Richard T. Fields, chairman of Coastal Marina, said the casino will take on a new identity once the sale closes. No timetable was given.

“Together with Jimmy Buffett’s team at Margaritaville, our plans are to create an exciting new property that we believe will tap its full potential and make it one of the most successful destination gaming resorts in Atlantic City,” Fields said.

Trump Marina was the lowest performing of Trump’s three Atlantic City properties. Located in the city’s marina district, it was dwarfed by market leaders — and marina neighbors — the Borgata Hotel Casino & Spa, and Harrah’s Atlantic City.

The sale marks the conclusion of an on-again, off-again courtship that Trump Entertainment Resorts has been conducting with potential suitors for the past year. At least two prior deals to sell all or part of the company fell through.

Trump Marina covers 14 acres and includes a 27-story hotel with 728 guest rooms, including 153 suites. It has 79,000 square feet of casino floor space and approximately 58,000 square feet of convention, ballroom and meeting space.

It also has an 11-bay bus terminal and a roof-top helipad, as well as a nine story parking garage capable of accommodating approximately 3,000 cars. The property also includes the lease for the Senator Frank S. Farley State Marina.

Read the entire article here.

This is the second Margaritaville Casino to be announced. The first is under construction in Biloxi, Mississippi.


Tagged in Business Empire, In The News

  • Margi Bodkin

    I have a green building product that will have a huge benefit for your organization and the carbon footprint. Even though this project has been started, there are still options for this opportunity. Thank you, Margi Bodkin

  • http://www.PirateJohn.com PirateJohn

    Actually, isn’t this the 3rd casino project? Seems like they announced another project at the Mohegan Sun Casino in Connecticut some time ago.

  • Josh Martin

    Well that’s just a restaurant at Mohegan, not its own casino.

  • http://www.PirateJohn.com PirateJohn

    Josh, I could be wrong (like that would be a first time!) but I think it’s the same deal everywhere. Margaritaville, Inc. provides the restaurant and the name, and another company provides the casino (read: “gambling”) management.

    At the rate Jimmy’s going he’s going to be known for his casino involvement.

  • Josh Martin

    Nah it’s different because the Margaritaville Cafe is going in at the Mohegan Sun Casino. This casino will be named Margaritaville. I doubt Jimmy will get gambling profits from the Mohegan Sun but he surely will from the Margaritaville Casino.

  • http://www.achotelexperts.com/casinos/margaritaville-atlantic-city.html Atlantic City Hotel Guy

    We’re really looking forward to new themed casino. Margaritaville Casino Atlantic City can be an escape people are looking for without going to Key West or a Carribean destination. Looking forward to this!

  • LBI fan

    We can’t wait. We like to go by boat and dock at the Marina. Will the charges be the same (First two hours comped; then $25/hr)? When will you be announcing when Jimmy will be there? Will there be concerts? Anything planned for outside? Thanks.

  • Pingback: No recession in Margaritaville « CurtFletcher.com()

  • Paul Mirenda

    I used to stay at Trumps every year often in my sailbot until the Donald raised the transit fees to $4 per foot. I would like to come back on a regular basis if the transit fees were reaonable. What will the transit fees be once the marina changes to the new owners?

  • Donna Bart

    Is this still happening? Nothing moving there

  • http://www.Flintcreekband.com Shannon Gordner

    We would be interested in performing at some of your various casino locations. Please let me know who I could speak to about this.
    Thank you,
    Shannon Gordner
    585-255-0722

  • http://www.kingwith.com/alexa/?domain=givemethebusiness.net&chkall=on&googlerank=1&google=1&baidu=1&msn=1&yahoo=1&links=1&sina=1&do163=1&sohu=1&qq=1&zho Heyward

    I discovered that Toyota is in the process of recalling most vehicles as a result of braking malfunctions . My good friend bought one, should the vehicle be used before the recall?

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