subsequently created and funded a successful state-wide campaign to pass a referendum legalizing gambling in Atlantic City, New Jersey. Resorts built the first casino, and with no competition for the first year, made over $300 million profit.. Resorts stock went from between $1–3 to over $200, and was the only stock to ever make the front page of the Los Angeles Times.
Paradise Island was purchased in the 1980s by Donald Trump for $79 million, then sold to Merv Griffin for $400 million. It was last sold for $125 million to the current owner, Sol Kerzner. The current estimated value of the island is about US$2 billion
