NAMES IN THE NEWS : Trump Shopping for Bigger Yacht

From Times Wire Services

Donald Trump is fishing for another yacht, his 292-foot Trump Princess being too small for entertaining high rollers from his two booming Atlantic City casinos.

The new super-yacht will cost about $140 million, the New York Post and New York Newsday reported today. Trump, a billionaire developer, said he’s accepting bids from boat builders for “something in excess of 400 feet long, closer to 500 feet.”

Trump bought the Princess from the Sultan of Brunei for $29 million and refitted it at a cost of $10 million last year. The yacht, with 11 suites, 210 telephones, gold-plated fittings and a disco, was lampooned in the comic strip “Doonesbury.”