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Rumor: Steve Wynn To Build Over Trump Plaza Atlantic City

By Chuckmonster on Tuesday, 24th October 2006 10:31am
  » filed under Las Vegas  comments: 0


Steve Wynn and Donald Trump sat together while the Mets got beat by the Cardinals last week. Apparently, they weren't talking about hot dogs and runs batted in... they we're talking about real estate.

The Las Vegas casino king and the Atlantic City gambling mogul, prominently seen together behind home plate during the Mets' Game 7 loss to the St. Louis Cardinals on Thursday night, were talking about a deal that would dramatically alter Atlantic City.

Two people with knowledge of the negotiations said Wynn wants to build a casino on the boardwalk, and his preferred site includes 12 acres where the Trump Plaza sits. The people spoke on the condition they not be identified because the talks are in the preliminary stage.

Although Wynn usually prefers dozens of acres of land for his huge gambling creations, he is drawn to the Plaza because of its prime location at the foot of the Atlantic City Expressway, the sources said. If a deal were to go through -- and the sources cautioned the negotiations could ultimately fall apart -- Wynn would tear down Trump's casino and build his own.

But Trump, whose name is on three Atlantic City casinos, wouldn't be scaling back on the seaside resort altogether. He is interested in building a residential tower in front of the Trump Taj Mahal. The deal also might include a swap for land that Wynn owns in Las Vegas, the sources said.



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