The Donald Goes South

Donald Trump is planning a new casino for his Trump Entertainment Resorts empire, but this time he’ll be building in Panama City, not Atlantic City.

The company has three casinos in the New Jersey city, but is selling the Trump Marina Casino. The Central American outpost will be part of a $400 million resort project called the Trump Ocean Club International Hotel & Tower in partnership with a local developer.

Once completed, the Panama City casino will be the first outside the United States for the Donald, who does have other non-gaming enterprises overseas including luxury hotels, condominiums and golf courses.

Trump Entertainment would lease and operate the casino, giving a cut of gaming revenue to its development partners, the K Group.

The proposed casino would feature about 30,000 to 35,000 square feet and offer a combination of slot machines and table games, according to The Press of Atlantic City.

The venue is expected to open, along with the hotel and condo complex, in 2009 or 2010, the paper reports.