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Trump Planning $400 Million Resort In Panama

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Aug 6, 2008 9:38 am US/Eastern

Trump Planning $400 Million Resort In Panama

ATLANTIC CITY, N.J. (AP) ―

Click to enlarge 1 of 1: Donald Trump, animated.
AP

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Trump Entertainment Resorts is planning to open a new casino, but not in Atlantic City.

It will be in Panama, as part of a $400 million resort development it's building in Panama City with a local Panamanian developer.

The casino would mark the first outside the United States for Trump. The company currently has three in Atlantic City, but is selling one, Trump Marina Hotel Casino.

Company CEO Mark Juliano tells The Press of Atlantic City the deal is still being negotiated, but would give the company much-needed flexibility.