The Trump Taj Mahal will retain the branding of Trump after the casino's main debt holder struck an agreement with US billionaire Donald Trump.
The Trump Taj Mahal was once owned by Donald Trump, but he sold his interest in the casino some time back, and had recently sued to have his name removed from the property, citing a desire to not be tied to a failing business.
As a result of the agreement, Trump Entertainment will pay $172,000 to satisfy an outstanding lease claim in exchange for the naming rights. A rider in the agreement states that if the casino stops operating for 90 days, the Trump name can be withdrawn from the casino.
The agreement still has to be okayed in bankruptcy court, which is seeing the Trump Taj Mahal through its bankruptcy process.