Sale of ex-Trump Taj Mahal casino to Hard Rock is finalized

[TexasTowelie]

ATLANTIC CITY, N.J. (AP) — It's official: Atlantic City's former Trump Taj Mahal casino now belongs to Hard Rock International.

The sale of the shuttered casino opened in 1990 by President Donald Trump was finalized Friday.

The Florida-based Hard Rock, which manages gambling and resort operations for the Seminole Indian tribe, bought the casino March 1 from billionaire investor Carl Icahn.

Icahn is a close friend and adviser to the president. He acquired the Taj Mahal last year from bankruptcy court after Trump was no longer involved with it, aside from a 10 percent ownership stake in its parent company in return for the use of his name.

Read more: http://www.pressofatlanticcity.com/ap/state/sale-of-ex-trump-taj-mahal-casino-to-hard-rock/article_cf054e39-cc82-58d1-b28f-7adaa8091104.html

[tenorly]

1. Here's hoping this means no more money laundering at the Taj Mahal.

One can only hope.