That stake was extinguished when the billionaire Carl Icahn took ownership of the company out of bankruptcy court in February 2016. Trump cut most ties with Atlantic City in 2009 aside from a 10% fee for the use of his name on what were then three casinos in the city. The third casino Trump used to own here, Trump Marina, was sold to the Texas billionaire Tilman Fertitta in 2011 and is now the Golden Nugget. That property has since reopened as the Hard Rock casino. It closed in 2014, one of four Atlantic City casinos to shut down that year, followed by another former Trump casino, the Taj Mahal, in 2016. The former Trump Plaza Hotel and Casino tower came down Wednesday morning, ridding the city of a derelict Boardwalk complex that was. Trump Plaza was the last of four Atlantic City casinos to close in 2014, victims of an oversaturated casino market both in the New Jersey city and in the. It was the site of many high-profile boxing matches, which Trump would regularly attend. Trump, then a real-estate developer, opened the casino in a prime spot at the center of Atlantic City’s Boardwalk where the Atlantic City Expressway deposited cars entering the resort. A photo of the Trump Plaza casino in October 2020.
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