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Trump Plaza in Atlantic City sells for $20M

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The 39-story, 906-room Trump Plaza casino and resort in Atlantic City has sold to a California-based holding company the Meruelo Group for $20 million, the Associated Press reported. This purchase marks the lowest price ever paid for an Atlantic City casino, the AP said. Though the sale remains subject to state casino regulators, the sale is slated to close by May 31. Meruelo will not continue to use the Trump name for the property, but [more]

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