Icahn told The Associated Press his philanthropic arm will. That stake was extinguished when the billionaire Carl Icahn took ownership of the company out of bankruptcy court in February 2016. (AP) An auction house trying to raise money for a youth charity by soliciting bids to blow up a former casino once owned by President Donald Trump called off the effort Monday after receiving a cease-and-desist letter from conservative billionaire Carl Icahn. Trump cut most ties with Atlantic City in 2009 aside from a 10% fee for the use of his name on what were then three casinos in the city. Former President Donald Trump's shuttered hotel and casino in Atlantic City, N.J., was demolished Wednesday morning, collapsing amid gentle cheers from the crowd. The third casino Trump used to own here, Trump Marina, was sold to the Texas billionaire Tilman Fertitta in 2011 and is now the Golden Nugget. That property has since reopened as the Hard Rock casino. It closed in 2014, one of four Atlantic City casinos to shut down that year, followed by another former Trump casino, the Taj Mahal, in 2016. It was the site of many high-profile boxing matches, which Trump would regularly attend. Trump, then a real-estate developer, opened the casino in a prime spot at the center of Atlantic City’s Boardwalk where the Atlantic City Expressway deposited cars entering the resort. A photo of the Trump Plaza casino in October 2020.
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