Trump Marina hotel Casino, found in Atlantic City, is being sold to a New York Company, Coastal Marina LLC, for $316 million. Coastal Marina said that the casino would be brought form Trump Entertainment Resorts Inc. which owns two other casinos in Atlantic City namely the Trump Plaza Hotel and Casino, and The Trump Taj Mahal Casino Resort. Founder of the casino company Donald Trump, a real estate magnate, said that the Coastal Marina LLC is buying a “wonderful building in a great location,” having regular customers and a dedicated staff. Coastal Marina chairman Richard Fields said that after the sale closes, the casino would have a new identity, the “Margaritaville.”

-Vii