Talk:Atlantic City Hilton
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this article needs to be merged or redirected from/to "atlantic city golden nugget".
[edit] Sale to Bally's
The entry states:
"Soon thereafter the property was sold to Bally's Entertainment Corporation, which changed the property's name to "Bally's Grand". The sale was prompted by Steve Wynn's frustration with gaming regulators in New Jersey."
The sale to Bally's did not occur until 1987. While Wynn may have been frustruated with the regualtors, much of the motivation behind the deal came from Bally's desire to stave off an acquisition by Donald Trump. At the time (and perhaps still), nobody was permitted to own more than three casinos in Atlantic City. Trump already had two- the Plaza and the Castle (now the Marina). Bally's purchase of the Golden Nugget meant that if Trump acquired Bally's, he would own four properties (Bally's already had one Atlantic City casino), and would have to divest one, or at least shutter the casino portion (Trump later did this when he acquired the former Playboy/Atlantis proprty, shuttered the casino, and turned it into the Trump Regency hotel, which has since been demolished). This made Bally's much less appealing to Trump and there was never any acquisition.
—Preceding unsigned comment added by 98.200.117.190 (talk) 14:53, 12 May 2008 (UTC)
