Deadline Today for Trump Casino Deal (Updated)

May 28th, 2009

Today is the deadline for Trump Entertainment Resorts Inc. and Coastal Marina, LLC to complete the sale of the Trump Marina and Casino in Atlantic City. Coastal Marina and Jimmy Buffett have plans to turn it into a Margaritaville Casino.

New York gaming group Coastal Marina LLC is facing a deadline today to complete the purchase of Trump Marina, the weakest performer in the bankrupt casino empire once controlled by Donald Trump.

Coastal Marina wants to team up with Jimmy Buffett to transform Trump Marina into a Margaritaville-themed casino inspired by the singer’s “Margaritaville” hit song from the 1970s.

Trump Entertainment, parent company of Trump Marina, plans to continue negotiations with Coastal today, but would not disclose Wednesday whether the sale deadline might be extended.

“The deadline has not expired yet, so we’re continuing to talk,” Trump spokesman Tom Hickey said.

The Trump Marina deal has been shadowed for months by speculation that Coastal was having trouble lining up financing in the tight credit markets. Trump Entertainment lowered the price last fall from $316 million to $270 million and extended the sale deadline from October to May 28 to help Coastal.

Read the full article here.

Update – The deal will not close this week:

A New York gaming group that is in talks to buy Trump Marina Hotel Casino says the deal will not close this week as scheduled but that it still wants to acquire the property.

Coastal Marina LLC is facing a deadline today to complete the $270 million purchase from Trump Entertainment Resorts Inc. Both sides say they continue to negotiate, but there was no word whether the sale deadline will be formally extended.

“I remain fully committed to our Margaritaville concept and very bullish on the long-term outlook for Atlantic City,” Coastal Chairman Richard T. Fields said in a statement.

Tagged in Business Empire, Casinos

Margaritaville.com Statement on October Shows

May 27th, 2009

The official word is finally in… the West Coast shows in October (San Diego, Seattle, and two Las Vegas shows) have been canceled. Here is the word from Margaritaville.com:

It has come to our attention that some fans have been disappointed to find that the shows tentatively scheduled for October are no longer going to happen due to unanticipated scheduling conflicts. We’re sorry for any inconvenience this may have caused you and look forward to seeing you back in Las Vegas and on the West Coast in 2010!

(hat tip to Barefoot for passing this along)

Tagged in Tour Dates

From Under My Lone Palm: Beach House On The Moon

May 26th, 2009

Justin’s latest From Under My Lone Palm column is hot off the presses, and this month it’s a great writeup on the Beach House on the Moon Tour:

This month I decided to take a look back 10 years at the “Beach House on the Moon” tour. Personally, I’ve always thought this was an historic tour for more a couple of reasons, so let’s take a look at the tour and see just why it was so historic.

The “Beach House on the Moon” tour was of course named after the album of the same name. It was Jimmy’s first album of new material since 1996’s “Banana Wind” and also the first album to see significant contributions from Mac McAnally. When it was time to hit the road, Jimmy was also finally able to get Mac to become an official member of the band. Mac had been touring with the band on and off since 1996.

Continue reading here

Tagged in From Under My Lone Palm

New Jimmy Buffett Tour Dates Added

May 22nd, 2009

After taking a few Fall dates down recently, Jimmy Buffett just added four more:

London, England
Shepherds Bush Empire

Paris, France
La Cigale

Orlando, FL
Amway Arena

Charlottesville, VA
John Paul Jones Arena

The Toronto (11/19), Uncasville (11/21), and New York City (11/24) shows that were previously taken down have been put back up. Still absent from the dates though are the San Diego, Seattle, and two Vegas shows in October that were recently taken down.

No word yet on when tickets will go on sale.

Tagged in Tour Dates

2nd Leg of tour concludes in Irvine

May 22nd, 2009

Summerzcool continued tonight as Jimmy and the band invaded California for the next stop on the Summerzcool Tour in Irvine, California.

The set list was the same as recent shows except “Grapefruit-Juicy Fruit” was inserted in the Key West songs set instead of “I Heard I Was in Town.” “Grapefruit” was last played in Honolulu in February of this year.

View the entire set list here.

Did you attend the show? Share your thoughts on our Discussion Board or post your photos in our Photo Gallery.

The 2009 Summerzcool Tour resumes June 18th with a show from the Susquehanna Bank Center in Camden, NJ. There’s still plenty of time to get your tickets now!

And don’t forget to follow us on Twitter.

Tagged in Concerts, Coral Reefers, Radio Margaritaville, Tour Dates, Touring