EXHIBIT 99.1
TRUMP
ENTERTAINMENT RESORTS
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FOR IMMEDIATE RELEASE: CONTACT: Tom Hickey
Tuesday, September 12, 2006; Director of Corporate Communications
6 PM EST (609) 441-6819
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TRUMP ENTERTAINMENT RESORTS NAMES ERIC HAUSLER
SENIOR VICE PRESIDENT OF DEVELOPMENT
ATLANTIC CITY, NJ - Trump Entertainment Resorts, Inc. (NASDAQ: TRMP) (the
"Company") announced today that Eric Hausler will be joining the Company in
October as Senior Vice President of Development.
As Senior Vice President of Development, Mr. Hausler will be
responsible for identifying, evaluating and coordinating existing and future
opportunities to expand the Trump brand both nationally and internationally. The
position is pending regulatory approval and licensure by the New Jersey Casino
Control Commission, and the completion of certain responsibilities in his
current position.
"I strongly believe that Trump Entertainment Resorts is well positioned
to capitalize on the strength of both the Company's brand and management
expertise through new development initiatives," Mr. Hausler said. "From existing
and emerging gaming markets to joint ventures, licensing and other development
opportunities, this Company has the right management team and the right brand
for growth."
Mr. Hausler will be joining the Company from Bear Stearns, where he has
most recently served as a Managing Director in Fixed Income Research with
responsibility for high yield and investment grade bonds across the gaming,
lodging and leisure sectors. Previously, he was the Senior Equity Analyst for
Susquehanna Financial Group covering gaming equities. In 2005, Mr. Hausler took
clients on a cross country tour of U.S. casinos that visited approximately 15
casino markets and over 50 casinos in a four-week period.
"As a Company, we continue to focus on opportunities to introduce the
Trump brand into new gaming markets and to diversify our cash flows," said James
B. Perry, President and Chief Executive Officer of the Company. "The renovation,
redevelopment and expansion program for our Atlantic City properties continues
to move forward. The addition of Eric to the team is a significant step in our
development plans because he has the right experience and understanding of the
national and worldwide gaming industry to lead our efforts to expand the Trump
brand."
For two consecutive years, Mr. Hausler was voted an "Up and Comer" by
Institutional Investor's readers for gaming and lodging equity research. Prior
to working on Wall Street, Mr. Hausler served as the Governmental and Community
Relations Coordinator for the New Jersey Casino Control Commission, among other
positions. He earned a BA degree from Binghamton University and an MS degree
from New Jersey Institute of Technology.
ABOUT TRUMP ENTERTAINMENT RESORTS
Trump Entertainment Resorts, Inc. is a leading gaming company that owns
and operates three properties. The Company's properties include Trump Taj Mahal
Casino Resort and Trump Plaza Hotel and Casino, located on the Boardwalk in
Atlantic City, New Jersey, and Trump Marina Hotel Casino, located in Atlantic
City's Marina District. 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, the Company's Chairman and largest
stockholder, 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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
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 parties' performance, trends in the parties' 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 the parties, the parties note 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 parties. 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 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
parties. The parties do 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 parties or any other person that the forward-looking
statements contained in the release will be achieved. In light of the foregoing,
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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
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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