The Nation : Hilton to Sell N. J. Casino

Hilton Hotels Corp. agreed to sell its unopened 614-room hotel-casino in Atlantic City, N. J., to New York developer Donald Trump, Hilton Chairman Barron Hilton said in Beverly Hills. He said the price would cover Hilton’s $300-million-plus investment and yield a small profit. The hotel chain had been denied a New Jersey casino license but a rehearing had been scheduled. In addition, it is faced with a possible takeover attempt by Las Vegas-based Golden Nugget Inc. A Golden Nugget spokesman had said that, if the Atlantic City hotel were sold, his company would have to re-evaluate its position.