Businessman Donald Trump struck a deal to leave his name emblazoned on the facade of Atlantic City's Trump Taj Mahal casino, Reuters reported yesterday. Trump, who no longer controls the casino, sued in August to strip his name off the building, saying that it had become so rundown that it was damaging his brand image. The deal is with bankrupt Trump Entertainment Resorts Inc., which owns and operates the casino, and billionaire investor Carl Icahn, a major lender in the casino’s bankruptcy. The agreement, which must be approved by the U.S. Bankruptcy Court in Delaware, calls for Trump Entertainment to pay Trump about $172,000 to satisfy an outstanding ground lease claim, among other things. Trump founded the Taj and Atlantic City's Trump Plaza. He lost control of them when they went bankrupt before, in 2009, but he retained a trademark license agreement that allowed them to keep using his name.
