From City & State’s Heard Around Town, May 8, 2012:
Donald Trump recently revealed that he has no plans to fight the legalization of commercial casinos in New York – but since he’s not really in the casino business any more, it appears to be a moot point. The real estate developer, reality TV personality and one-time presidential contender still has his marquee name on three Atlantic City casinos, which could suffer from increased gambling competition in nearby New York. But Trump, who helped block a similar legalization effort in the state in the late 1990s, resigned from the board of Trump Entertainment Resorts in 2009 and no longer has any role in day-to-day operations of the casino company he founded. In fact, his company, the private Trump Organization, has only a 10 percent equity stake in the casino business, which is what allows the use of his name on the casinos. So why would Mr. Trump would weigh in on the prospects of casinos in Atlantic City and New York? “We have a great relationship with Mr. Trump and he has always been supportive of Atlantic City,” said Brian Cahill, a spokesman for Trump Entertainment Resorts. “We do not speak on behalf of Mr. Trump.” A spokeswoman for the Trump Organization declined to comment.
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