Donald Trump strikes deal with Carl Icahn to keep his name on Atlantic City casino

Associated Press

The Donald Trump name will stay in Atlantic City.

Trump reached an agreement Monday with billionaire investor Carl Icahn to allow his name to remain on the Trump Taj Mahal Casino.

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Trump and his daughter, Ivanka, had sued the owners of the casino seeking to strip their name from it. The casino is being acquired by Icahn, who has put up $20 million to keep it going through bankruptcy proceedings.

The Trumps had said that Trump Entertainment allowed its two Atlantic City casinos to fall into disrepair, damaging their personal brand.

Trump Entertainment Resorts says in the court filing that the "iconic" Trump name is "an invaluable asset and point of differentiation of the company."