Taj Mahal Casino can keep the Trump on its name as Carl Icahn reached an agreement with Donald Trump on Monday to allow his name to remain on the casino.
Under the agreement, which needs approval from U.S. Bankruptcy Court in Delaware, Trump Entertainment will pay Trump $172,000 to please a ground lease claim, among other things.
“The Trump Taj Mahal, under the right leadership and with the proposed significant reinvestment in the property, can be, once again, a wonderful place for travel and entertainment,” Trump said in a statement.
The agreement also requires Trump Entertainment Resorts to remove “any and all vestiges” of the name from Plaza casino, where the sign was removed but the name is still outlined in dirt or rust in many areas.