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Deal could mean another Atlantic City casino - NorthJersey.com

Wednesday, 06 April 2011 14:48 administrator
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ATLANTIC CITY — Could there be another new casino in Atlantic City's future?

Toll Brothers, the luxury home developer, has paid $5.5 million to Trump Entertainment Resorts to get rid of a deed restriction on land it owns near the Boardwalk. That had prevented it from using the land for casino gambling, according to Trump CEO Bob Griffin.

He says his company concluded the deal with Toll Brothers within the last few weeks, selling the developer the right to pursue casino gambling on the site of what once held the Playboy casino, which later became the Trump World's Fair casino. It was demolished in 2000.

Bruce Toll outbid Donald Trump for the 2.5-acre site in 2005, and envisioned a luxury condo project there.

There's no word from Toll on plans for the land.



Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEXAFYAZYrXLB2FCq8VtpCfy2FbkQ&url=http://www.northjersey.com/news/business/040611_Deal_could_mean_another_Atlantic_City_casino.html

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