Atlantic City’s Trump Marina Hotel Casino in Atlantic City, New Jersey is being sold to a New York company who, along with Jimmy Buffett, will rename the Casino “Margaritaville.”

“They are buying a wonderful building in a great location,” Trump said in a statement. “It has been an important part of our company with a loyal customer base and a dedicated team.”

Richard T. Fields, chairman of Coastal Marina, said the casino will take on a new identity once the sale closes. No timetable was given.

“Together with Jimmy Buffett’s team at Margaritaville, our plans are to create an exciting new property that we believe will tap its full potential and make it one of the most successful destination gaming resorts in Atlantic City,” Fields said.

Trump Marina was the lowest performing of Trump’s three Atlantic City properties. Located in the city’s marina district, it was dwarfed by market leaders — and marina neighbors — the Borgata Hotel Casino & Spa, and Harrah’s Atlantic City.

The sale marks the conclusion of an on-again, off-again courtship that Trump Entertainment Resorts has been conducting with potential suitors for the past year. At least two prior deals to sell all or part of the company fell through.

Trump Marina covers 14 acres and includes a 27-story hotel with 728 guest rooms, including 153 suites. It has 79,000 square feet of casino floor space and approximately 58,000 square feet of convention, ballroom and meeting space.

It also has an 11-bay bus terminal and a roof-top helipad, as well as a nine story parking garage capable of accommodating approximately 3,000 cars. The property also includes the lease for the Senator Frank S. Farley State Marina.

Read the entire article here.

This is the second Margaritaville Casino to be announced. The first is under construction in Biloxi, Mississippi.

Freddy and the Fishsticks aka Jimmy Buffett and the Coral Reefer Band rocked the Margaritaville Cafe last night in New Orleans, Louisiana in a benefit for several causes.

The set featured a few surprises, including “Last Man Standing,” last played in Aspen on December 22, 2006; the live debut of a track featuring Jimmy from Sonny Landreth’s new album entitled “Howlin’ Moon”; and the return of the Jesse Winchester song “L’air de la Louisiane,” last played in St. Barths in 1999.

View the entire set list here.

Did you attend the show? Share your thoughts on our Discussion Board or post your photos in our Photo Gallery.

The 2008 “Year of Still Here” tour will kick back up Saturday Night with a show at Jazz Fest in New Orleans. Get your tickets now!

Freddy and the Fishsticks (better known as Jimmy Buffett and a condensed version of the Coral Reefer Band) will play a special show at the New Orleans Margaritaville Thursday night.

Proceeds from the show will benefit BORN (Better Opportunities Right Now) and NOAAHH (New Orleans Artists Against Hunger & Homelessness).

It appears that the show will not be aired on Radio Margaritaville, so if you attend the show please help us out and provide the set list.

Jimmy Buffett and the Coral Reefer Band continue their Year Of Still Here Tour tonight with a show from the Verizon Wireless Amphitheater in Charlotte, North Carolina.

You can listen to the show live through Radio Margaritaville on the web at www.radiomargaritaville.com or on Sirius 31.

The pre-show will begin around 7:30 pm EDT and Jimmy will take the stage shortly after 8 pm EDT.

Follow along with the set list and chat with other parrot heads during the show on our Discussion Board.

Other shows this week: Thursday, May 1st – Margaritaville Cafe, New Orleans; and Saturday, May 3rd – New Orleans Jazz Fest, New Orleans (Get Tickets).

Jimmy Buffett’s latest Margaritaville opened yesterday in Panama City, Florida, and the Panama City News Herald has an article on it, along with a video that includes interviews with patrons and the store manager Mark Whitmer:

Jimmy Buffett hasn’t arrived yet, but spring breakers, families and other parrotheads attended the opening of Buffett’s Margaritaville in Pier Park on Wednesday.

Balloon hats rested comfortably on top of several patrons’ noggins, while bartenders served up interestingly named drinks, including Why Don’t We Get Drunk & …, Last Mango in Paris and Off to See the Lizard.

Manager Mike Whitmer said the restaurant’s live entertainment and atmosphere will be competing for the Spring Break dollar.

Check out the article and video here.