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Rush Hour News: Tramp sells “Trump Marina Hotel Casino”

Atlantic_City-Trump_MarinaTrump Entertainment Inc. is selling the Trump Marina Hotel Casino to Landry’s Inc. for $38 million.

The Atlantic City, N.J. casino is one of many properties there that have struggled during the economic downturn as consumers tightened spending and hit local casinos instead.

Trump Entertainment, which also owns Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino in Atlantic City, said Monday that it will use the deal’s net proceeds to lower long-term debt.