Exhibit 99.1
NEWS RELEASE
FOR: TRUMP ENTERTAINMENT RESORTS, INC. (NASDAQ NM: TRMP)
CONTACT: MARK JULIANO, CHIEF OPERATING OFFICER, (609) 449-5552
FOR RELEASE: 4:00 P.M., WEDNESDAY, SEPTEMBER 21, 2005
TRUMP ENTERTAINMENT RESORTS
ANNOUNCES SENIOR MANAGEMENT APPOINTMENTS
AT TRUMP PLAZA AND TRUMP TAJ MAHAL
ATLANTIC CITY, NEW JERSEY -- Trump Entertainment Resorts, Inc. (NASDAQ
NM: TRMP) (the "COMPANY") announced today that the Company has enhanced its
senior management team by naming Jim Rigot to be General Manager of the Trump
Plaza and Rosiland Krause to be Assistant General Manager of the Trump Taj
Mahal, effective October 10, 2005 and September 19, 2005, respectively. James B.
Perry, the Company's Chief Executive Officer and President, commented on the
appointments, "As I recently indicated, my primary objective is to augment the
strengths of our current staff with quality individuals from highly regarded
casino companies. I am pleased we are able to further this goal with the
additions of Jim Rigot and Rosiland Krause."
Jim Rigot, who replaces Matthew Harkness as Trump Plaza's General
Manager, joins the Company from the Borgata Resort Spa and Casino, serving in
the capacity of Vice President of Table Games. Mark Juliano, the Company's Chief
Operating Officer, commented on Jim Rigot's appointment, "Jim is a dynamic
leader who has a reputation in this industry for common sense leadership and a
consistent focus on the best interests of customers and employees." Mr. Juliano
continued, "Jim has held various senior management positions in the gaming
industry during the past thirty years. In addition to table games leadership
positions with Harrah's properties, he opened Trump Plaza as Casino Shift
Manager in 1984, and after service as Vice President of Table Games for
Tropicana Casino Resort, he returned to Trump Plaza as Executive Vice President
of Casino Operations from 1994 until 1999. Additionally, he has held senior
management positions at other premier casino properties, including the Foxwoods
Casino Resort located in Connecticut, and most recently, at the Borgata Resort
Spa and Casino located in Atlantic City's marina district."
Rosiland Krause joins the Trump Taj Mahal senior management team as
Assistant General Manager, having served in the same position with Paris Las
Vegas. Mr. Juliano commented on Ms. Krause's appointment, "Rosiland is a
tremendous asset to the Taj Mahal, and will exercise her leadership skills to
maximize the overall performance of our flagship property." Mr. Juliano
continued, "She will be responsible for casino operations including table games,
slot operations and credit, in addition to all marketing and player development
functions. Rosalind is a veteran gaming executive from both the Atlantic City
and Las Vegas gaming markets, and has held similar executive positions with
Caesars Entertainment and Harrah's Entertainment."
About Our Company:
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Trump Entertainment Resorts, Inc. is a leading gaming company that owns
and operates four properties. The Company's assets include Trump Taj Mahal
Casino Resort and Trump Plaza Hotel and Casino, located on the Boardwalk in
Atlantic City, New Jersey, Trump Marina Hotel Casino, located in Atlantic City's
Marina District, and the Trump Casino Hotel, a riverboat casino located in Gary,
Indiana. Together, the properties comprise approximately 371,300 square feet of
gaming space and 3,180 hotel rooms and suites. The Company is the sole vehicle
through which Donald J. Trump conducts gaming activities and strives to provide
customers with outstanding casino resort and entertainment experiences
consistent with the Donald J. Trump standard of excellence. Trump Entertainment
Resorts, Inc. is separate and distinct from Mr. Trump's real estate and other
holdings.
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PSLRA Safe Harbor for Forward-Looking Statements
and Additional Available Information
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements so long as those statements are
identified as forward-looking and are accompanied by meaningful cautionary
statements identifying important factors that could cause actual results to
differ materially from those projected in such statements.
All statements, trend analysis and other information contained in this
release relative to the Company's or its subsidiaries' performance, trends in
the Company's or its subsidiaries' operations or financial results, plans,
expectations, estimates and beliefs, as well as other statements including words
such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will,"
"could" and other similar expressions, constitute forward-looking statements
under the Private Securities Litigation Reform Act of 1995. In connection with
certain forward-looking statements contained in this release and those that may
be made in the future by or on behalf of Trump Entertainment Resorts, Inc., the
Company notes that there are various factors that could cause actual results to
differ materially from those set forth in any such forward-looking statements.
The forward-looking statements contained in this release were prepared by
management and are qualified by, and subject to, significant business, economic,
competitive, regulatory and other uncertainties and contingencies, all of which
are difficult or impossible to predict and many of which are beyond the control
of the Company. Accordingly, there can be no assurance that the forward-looking
statements contained in this release will be realized or that actual results
will not be significantly higher or lower. The forward-looking statements in
this release reflect the opinion of the Company's management as of the date of
this release. Readers are hereby advised that developments subsequent to this
release are likely to cause these statements to become outdated with the passage
of time or other factors beyond the control of the Company. The Company does not
intend, however, to update the guidance provided herein prior to its next
release or unless otherwise required to do so. Readers of this release should
consider these facts in evaluating the information contained herein. In
addition, the business and operations of the Company are subject to substantial
risks, including, but not limited to risks relating to liquidity and cash flows,
which increase the uncertainty inherent in the forward-looking statements
contained in this release. The inclusion of the forward-looking statements
contained in this release should not be regarded as a representation by the
Company or any other person that the forward-looking statements contained in the
release will be achieved. In light of the foregoing, readers of this release are
cautioned not to place undue reliance on the forward-looking statements
contained herein.
Additional information concerning the potential risk factors that could
affect the Company's future performance are described from time to time in the
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Company's periodic reports filed with the SEC, including, but not limited to,
the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.
These reports may be viewed free of charge on the SEC's website, www.sec.gov, or
on the Company's website, www.trumpcasinos.com.
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