Trump Marina casino being sold for $316M (Bought by Jimmy Buffett 'Margaritaville')

AP ^ | May 29, 2008 | WAYNE PARRY

[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-

[purpleraine]

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

[doc1019]

Now we hear from someone that understands. ;-)

[FreeperinRATcage]

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!

[Patrick1]

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.

[Volunteer]

"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.

[Tanniker Smith]

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 . . . )

[purpleraine]

Paradise would be where it would be free.

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

[Patrick1]

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

[Cecily]

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

[Patrick1]

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

[Liberty Valance]

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

[bpjam]

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.

[kms61]

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

[C19fan]

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!”

[padre35]

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!”

[neb52]

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.

[cherry]

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

[Hillarys Gate Cult]

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

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

[crabpott]

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.

[sheana]

My California license plate ;)

40+pir8