Making ‘The Art of the Deal’: Hard Rock snags Trump Taj Mahal for $50M

Florida’s Seminole Indians took a page out of Donald Trump’s book, “The Art of the Deal,” when they bought the U.S. president’s signature ex-casino—Trump Taj Mahal—for a fraction of its initial cost.

In March, a consortium led by the Hard Rock International took the Taj Mahal off billionaire Carl Icahn’s hands. The sale was widely publicized, but it was only recently that the billionaire revealed the purchase price of what Trump once dubbed as the “eighth wonder of the world.”

4 cents on the dollar

Documents filed with the U.S. Securities and Exchange by Icahn reported that the billionaire got $50 million for the shuttered Atlantic City casino, or about 4 cents on the dollar of its initial price.