EXHIBIT 99.1

                                 NEWS RELEASE

FROM:   The Marcus Group, Inc.          Contact:  Alan C. Marcus

        500 Plaza Drive                       
        Secaucus, NJ  07096-3309                (O):  (201) 902-9000
FOR:    Trump Hotels & Casino Resorts, Inc.

        and

        Taj Mahal Holding Corp.

For Immediate Release:  February 1, 1996

        NEW YORK -- Trump Hotels & Casino Resorts, Inc. (NYSE:DJT) and Taj Mahal
Holding Corp. today jointly announced the execution of an amendment to the 
previously announced agreement to add the Trump Taj Mahal Casino Resort in 
Atlantic City, NJ, to the publicly traded company's holdings. The amendment 
provides for the issuance of new mortgage notes of the holding company that will
directly own and operate the Taj Mahal and the Trump Plaza Hotel and Casino
following the merger.
        The proceeds of the mortgage note offering, together with the proceeds 
of the offering of common stock of Trump Hotels & Casino Resorts, Inc. (THCR) 
and available cash, will be used, among other things, to redeem Taj Fundings' 
outstanding 11.35% Mortgage Bonds, Series A due 1999, as previously announced, 
as well as to purchase Trump Plaza's outstanding 10 7/8% Mortgage Notes due 
2001.
        "The merger and the refinancings will enhance THCR's ability to fully 
realize the synergies of the combined entity, as well as to more efficiently
utilize the cash flows of the Taj Mahal and Trump Plaza on a combined basis to
fund future projects," said Nicholas L. Ribis, THCR president and chief
executive officer. "Our objective of creating one of the largest
casino/entertainment companies in the United States that is both financially and
operationally streamlined, as well as highly competitive, will be furthered as a
result of these transactions."
        The merger is conditioned upon, among other things, the consummation of 
the debt and stock offerings, the receipt of shareholder and bondholder 
approval, the price of THCR Common Stock not being less than $20 per share at 
the time of the merger, and the receipt of necessary regulatory and third party 
consents and approvals.


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