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Trump Marina casino being sold for $316M (Bought by Jimmy Buffett 'Margaritaville')
AP ^ | May 29, 2008 | WAYNE PARRY

Posted on 05/30/2008 8:08:51 PM PDT by RDTF

ATLANTIC CITY, N.J. (AP) — In recent years, the Trump Marina Hotel Casino has been wasting away in Atlantic City's ultra-competitive casino market, searching for its lost shaker of salt, if you will.

Now, it's about to be reborn with a tropical theme under new owners who are bringing singer Jimmy Buffett's "Margaritaville" brand to the Northeast in hopes of reviving a property that had become as listless as the hero of Buffett's hit song.

Coastal Marina LLC, an affiliate of Coastal Development LLC, said Thursday it is buying the casino from Trump Entertainment Resorts Inc., the casino company founded by real estate magnate Donald Trump.

-snip-

(Excerpt) Read more at ap.google.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; US: New Jersey
KEYWORDS: atlanticcity; casino; margaritaville; trump
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To: Krankor

Gets around 800,000 a week for 20 weeks of TV work a year.


21 posted on 05/30/2008 8:40:51 PM PDT by purpleraine
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To: flying Elvis

Now we hear from someone that understands. ;-)


22 posted on 05/30/2008 8:42:39 PM PDT by doc1019 (I was taught to respect my elders, but it's getting harder to find one.)
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To: Texas Eagle

I don’t mind lefty’s..I just hate “in your face” lefty’s!

I won’t “boycott” a person just because of his politics, but I will boycott anyone who tries to jam their politics down my throat!


23 posted on 05/30/2008 8:44:42 PM PDT by FreeperinRATcage (I am free because I know that I alone am morally responsible for every thing I do. - R. A. Heinlein)
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To: purpleraine
He spews the leftist environmental stuff for the LA and Miami crowd, but he 100% pure capitalist. A great businessman.

Best Buffett song is Changes in Latitude.

24 posted on 05/30/2008 8:45:08 PM PDT by Patrick1
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To: RDTF
"Lester Polyester signs another marker like the high rollers do..."

God bless the former altar boy from AL. I wish him the best of luck with this. I don't like his politics but, he most likely wouldn't like mine.

His songs make me smile.

25 posted on 05/30/2008 8:47:33 PM PDT by Volunteer (Just so you know, I am ashamed the Dixie Chicks make records in Nashville.)
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To: RDTF
As long as they comp my Cheeseburger.

Cheeseburgers in Paradise are one thing, but I aint paying 14.95 apiece for them at some fancy/shmancy theme restaurant.

(Okay, now I have to go over to youtube and start listening . . . )

26 posted on 05/30/2008 8:51:25 PM PDT by Tanniker Smith (Teachers open the door. It's up to you to enter.)
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To: Tanniker Smith
Paradise would be where it would be free.

We had one in Puerto Vallarta for about 8 bucks with fries and a drink.

27 posted on 05/30/2008 8:52:51 PM PDT by purpleraine
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To: Tanniker Smith

It’s a Casino. You won’t pay more than five bucks as long as you blow a thousand at the craps table.

“I’m just glad I don’t live in a trailer”...Jimmy Buffett


28 posted on 05/30/2008 8:53:19 PM PDT by Patrick1
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To: RDTF

Is The Donald the only self-proclaimed business genius in history to own a casino that loses money?


29 posted on 05/30/2008 8:55:37 PM PDT by Cecily
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To: Cecily

He probably owns a liquor store that is in bankruptcy too.


30 posted on 05/30/2008 8:56:56 PM PDT by Patrick1
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To: RDTF

If Desdamona can build a rocketship, Buffet can buy a casino ;o)


31 posted on 05/30/2008 9:00:18 PM PDT by Liberty Valance (Keep a simple manner for a happy life)
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To: RDTF

Trump never grasped the concept that casinos are not just real estate and his ‘brilliances’ in real estate doesn’t help you run a casino.

Fortunately for the casino, Trump is getting the hell out.


32 posted on 05/30/2008 9:00:55 PM PDT by bpjam (Drill For Oil or Lose Your Job!! Vote Nov 3, 2008)
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To: Texas Eagle

Sirius has Margaritaville Radio on channel 31. All Buffet, all the time.


33 posted on 05/30/2008 9:01:16 PM PDT by kms61
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To: Cecily

Trump’s old casino holding company declared bankruptcy because the revenues could not cover the debt from his Taj Mahal in Atlantic City. Steve Winn could tell The Donald,
“You’re Fired!”


34 posted on 05/30/2008 9:03:52 PM PDT by C19fan
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To: bpjam

Trump has a history of not making money for his partners, if these folks can turn that casino around (heck the Tropicana closed recently after losing their lisence) then it will make Donald Trump tell himself “you’re fired!”


35 posted on 05/30/2008 9:27:30 PM PDT by padre35 (Conservative in Exile/ Isaiah 3.3/Cry havoc and let slip the RINOS)
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To: Cecily

Trump is a genius at putting together blockbuster deals and building things. He is very bad at holding investments. If he just stuck to putting deals together and letting somebody else do the managing he would be a lot better off.


36 posted on 05/30/2008 10:07:12 PM PDT by neb52
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To: RDTF

just was in Atlantic City last week....all I have to say is that I thought the odds at Indian Casinos were bad...


37 posted on 05/30/2008 10:26:59 PM PDT by cherry
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To: Tanniker Smith

Here’s an You Tube eyeful about Jimmy Buffet, sort of;

( Adult language warning )
http://www.youtube.com/watch?v=nX1Nh6c80wo


38 posted on 05/30/2008 10:31:29 PM PDT by Hillarys Gate Cult (The man who said "there's no such thing as a stupid question" has never talked to Helen Thomas.)
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To: ChocChipCookie
Been a fan for 34 years now. Mr. Buffett has spent a sum of my money foolishly and that's been just fine with me. Many hours bobbing around on my little sailboat listing to Jimmy and drinking....whatever. My kids are fans and so are my grandkids and many a fellow marinaratt I handed a tape or CD. I think JB is a marketing genius but I too have been disappointed in his politics.
I love the "You Had To Be There" live album and am looking forward to the concert DVD due out in June.
39 posted on 05/30/2008 11:09:34 PM PDT by crabpott (' we are living in the strangest, most perilous, and unbelievable decade in modern memory' VDH)
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To: crabpott

My California license plate ;)

40+pir8


40 posted on 05/31/2008 8:09:09 AM PDT by sheana
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