![]() While Trump's other major Atlantic City properties - the Taj Mahal and the Trump Marina - have revived with c hanges in name and ownership, the Trump Plaza has languished in disrepair for the better part of a decade. The casino is now owned by billionaire businessman Carl Icahn. (It would file for Chapter 11 protection again in 2014.) He retained just 10% of Trump Entertainment Resorts, the casino's parent company, as part of a deal after the company declared bankruptcy in 2009. But by then, Trump had already shuffled off most of his stake in the casino. The Trump Plaza, one of three major properties in the city once owned by the president, formally folded after a final spasm of layoffs in 2014. "I wanted to use the demolition of this place to raise money for charity." Having been hospitalised with Covid-19 early in 2020, he then went on to lose the November presidential election to Joe Biden and now a former casino of his in Atlantic City is set to be demolished. "Some of Atlantic City's iconic moments happened there, but on his way out, Donald Trump openly mocked Atlantic City, saying he made a lot of money and then got out," Mayor Marty Small told The Associated Press. Trump Plaza Hotel & Casino (Wcam / )Donald Trump hasn’t had the best of years, all things considered. "This will be done remotely and can be done anywhere in the world as well as close to the Plaza as we can safely get you there!" the auctioneer exults.Ĭity officials say that proceeds from the auction will benefit the Boys & Girls Club of Atlantic City, a nonprofit organization dedicated to providing services for the city's young children and teens.
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