The Atlantic City casino that once bore Donald Trump's name is changing hands Monday.
The casino is being bought by Texas-based Landry's Restaurants, which is renaming it the Golden Nugget Atlantic City. The sale is expected to be approved by the New Jersey Casino Control Commission.
Trump Entertainment Resorts is selling the casino, one of three it owns, for $38 million in order to help pay down its debt. Just three years ago, it was to be sold for $316 million in a deal that fell through when the economy tanked.
The new owners plan to pump about $150 million into the casino, which has been one of Atlantic City's worst-performing in recent years.
Landry's owns the Golden Nugget in Las Vegas.
