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Seminole Tribe putting Hard Rock name on failed Trump casino


Filed Under: Business Deals | Openings and Closings
More on: donald trump, hard rock, jim allen, new jersey, seminole
     
   

The former Trump Taj Mahal in Atlantic City, New Jersey. Photo: Fosaken Fotos

The Seminole Tribe is in a deal to put its Hard Rock brand on a failed gaming facility once owned by Republican President Donald Trump.

Hard Rock International and its partners are taking over the former Trump Taj Mahal in Atlantic City, New Jersey. The group plans to invest $300 million to buy and upgrade the property, which will be known as the Hard Rock Hotel & Casino Atlantic City.

“We are excited to be part of this revitalization of Atlantic City creating thousands of jobs to help local employment,” Jim Allen, the chairman of the tribally-owned Hard Rock International, said in a press release. “We are 100 percent convinced Hard Rock Hotel & Casino Atlantic City will be a success.”

After Trump opened the Taj Mahal in 1990, he lashed out at tribes, accusing them of being unable to protect their casinos from crime and other problems. He also expressed frustrations that they didn't have to pay taxes yet later settled a tax debt to New Jersey for pennies on the dollar, The New York Times reported last August.

Trump's company eventually declared bankruptcy and the Taj Mahal was transferred to a new owner. It closed in October 2016.

The Seminoles were one of the early pioneers in the Indian gaming industry and have grown into a multi-billion dollar global enterprise. The tribe bought the Hard Rock enterprise for nearly $1 billion in December 2007.

Read More on the Story:
Hard Rock to buy Trump Taj Mahal, site will remain a casino (The Press of Atlantic City 3/2)
CEO: Hard Rock still wants casino near NYC after Taj Mahal (AP 3/2)
Are Atlantic City's worst days over in wake of Trump Taj Mahal sale? (NJ.Com 3/3)

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