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Florida casino trump this photo taken June 30, article source, the exterior of the Trump Taj Mahal casino in Atlantic City, N.
The sale was publicized at the time, though the purchase price wasn't.
Trump, now the nation's 45th president, dubbed the Taj Mahal "the eighth wonder of the world" when it opened.
That remaining stake was wiped out last year when Icahn acquired the parent company, Trump Entertainment Resorts, from bankruptcy.
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Florida casino trump this photo taken June 30, 2016, the exterior of the Trump Taj Mahal casino in Atlantic City, N.
The sale was publicized at the time, though the purchase price wasn't.
Trump, now the nation's 45th florida casino trump, dubbed the Taj Mahal "the eighth wonder of the world" when it opened.
He cut most of his ties with Atlantic City in 2009, though he retained a small stake in its parent company florida casino trump return for the right to use his name.
That remaining stake was wiped out last year when Icahn acquired the parent company, Trump Entertainment Resorts, from bankruptcy.
Icahn and Atlantic City's main casino workers' union were unable to agree on a new contract to restore health insurance and pension benefits, and the union went on strike in July.
Hard Rock, which is owned by Florida's Seminole Indian tribe, plans to reopen the Taj Mahal in 2018 after scrubbing it of its minarets and ubiquitous mentions of Trump.
Hotel guests will even be lent Fender electric guitars to play in their rooms.
Aside from seeing an opportunity in a market that seems to be stabilizing following the closing of five of its 12 casinos since 2014, the deal makes sense in another way for Hard Rock: The firm has partnered with Meadowlands Racetrack operator Jeff Gural on plans for a casino resort in East Rutherford, read article outside New York City, if New Jersey voters ever amend the state Constitution to allow casino gambling beyond Atlantic City.
A referendum to allow it was soundly defeated in November.
Though new legislation will presumably be written for the next attempt at casino expansion, last year's rules gave owners of existing Atlantic City casinos first crack at one of two new licenses that would have been created had the ballot measure passed.
With its ownership of the former Taj Mahal, Hard Rock would be well-positioned for a run at a northern New Jersey casino license.
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President Trump to rally supporters in South Florida