Donald Trump sues to get name removed from two dying Atlantic City casinos
Donald Trump no longer visits Atlantic City and he doesn't want his name associated with it either. Trump has filed suit in New Jersey to have his name removed from the Trump Taj Mahal and Trump Plaza hotel casinos.
"The Donald, as he calls himself, did build and open the casinos back in the '80s and '90s," reports CNN Money. "But in 2009 Trump unloaded his stake in the entity that runs them, Trump Entertainment Resorts, and instead licensed the use of his name to the company."
"In the lawsuit, Trump says Trump Resorts allowed the casinos 'to fall into an utter state of disrepair.' He says that's a violation of the license agreement," further reports CNN Money. "The suit says that the brand, with its 'superior reputation,' must be used in a 'dignified manner' consistent with the 'highest quality.'"
Annual revenue for Atlantic City has plummeted to $2.9 billion, a 6.2% fall from last year. Trump Plaza has already notified its employees that the business is expected to close its doors after Sept. 16.