![]() That stake was extinguished when the billionaire Carl Icahn took ownership of the company out of bankruptcy court in February 2016. A hotel and casino in Atlantic City, New Jersey, that was once owned by former President Donald Trump was demolished Wednesday morning. This establishment was the design of the architect Alan Ladipus, and it was fully functional from May 15, 1984, until September 16, 2014. ![]() Trump cut most ties with Atlantic City in 2009 aside from a 10% fee for the use of his name on what were then three casinos in the city. Trump Plaza was a hotel and casino located on the Boardwalk in Atlantic City, New Jersey, and was owned by Trump Entertainment Resorts before it was ceremoniously demolished in February 2023. The third casino Trump used to own here, Trump Marina, was sold to the Texas billionaire Tilman Fertitta in 2011 and is now the Golden Nugget. That property has since reopened as the Hard Rock casino. It closed in 2014, one of four Atlantic City casinos to shut down that year, followed by another former Trump casino, the Taj Mahal, in 2016. During the summer months, the Beach Bar is a trendy spot for food, drinks, and live music on the ocean. Beyond the casino, this landmark Atlantic City hotel has a range of entertainment and nightlife options including Jezebel's and the Liquid Bar. It was the site of many high-profile boxing matches, which Trump would regularly attend. The Trump Plaza casino is more compact and easier to navigate than other Atlantic City casinos. Trump, then a real-estate developer, opened the casino in a prime spot at the center of Atlantic City’s Boardwalk where the Atlantic City Expressway deposited cars entering the resort. A photo of the Trump Plaza casino in October 2020.
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