Thursday, October 30, 2008

'Margaritaville' Group To Pay Lower Price For Atlantic City Casino

Feather News

Businessman Richard Fields agreed to buy the Trump Marina Hotel and Casino in Atlantic City last May for $316 million but that price has since been cut to $270 million.

Fields' Coastal Marina LLC plans to turn the Trump Marina property into a "Margaritaville" casino. It has been reported that singer Jimmy Buffett's Margaritaville business arm will be part of that venture.

The original closing was scheduled for Tuesday but that date too has changed to May 28.