~~Table~~UNITED ofSTATES ~~Contents~~

SECURITIES AND EXCHANGE COMMISSION

Washington, DCD.C. 20549

FORM 10-Q

~~(Mark~~x ~~One~~QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

xFor ~~QUARTERLY~~the ~~REPORT~~quarterly ~~PURSUANT~~period TOended: ~~SECTION~~June 30, 132009 ~~OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~

~~For~~OR ~~the quarterly period ended June 30, 2002~~

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

¨For ~~TRANSITION~~the ~~REPORT~~transition ~~PURSUANT~~period TOfrom to . ~~SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~

~~For~~TRUMP ~~the~~ENTERTAINMENT ~~transition period~~RESORTS, ~~from to~~ INC.

~~Commission file~~TRUMP ~~number~~ENTERTAINMENT ~~1-13794~~RESORTS HOLDINGS, L.P.

TRUMP ~~HOTELS &~~ENTERTAINMENT ~~CASINO~~ RESORTS FUNDING, INC.

(Exact name of registrant as specified in its charter)

DELAWARE	13-3818402
Delaware	1-13794	13-3818402
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
Delaware	33-90786	13-3818407
Delaware	33-90786-01	13-3818405
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

~~1000~~15 ~~Boardwalk~~South Pennsylvania Avenue

Atlantic City, New Jersey 08401

(609) 449-~~6515~~5866

(Address, ~~Including~~including ~~Zip~~zip ~~Code~~code, and ~~Telephone~~telephone ~~Number~~number, ~~Including~~including area code, of principal executive offices)

~~Area~~N/A ~~Code, of Registrant’s Principal Executive Offices)~~

~~Not~~(Former ~~Applicable~~name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrants (~~Former~~1) have ~~name,~~filed ~~former~~all ~~address~~reports ~~and~~required ~~former~~to ~~fiscal~~be ~~year,~~filed ifby ~~changed~~Section 13 ~~since~~or ~~last~~15(d) ~~report~~of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. Yes x No ¨

~~Commission~~Indicate ~~file~~by ~~number~~check 33mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-~~90786~~T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ¨ No ¨

~~TRUMP~~Indicate ~~HOTELS~~by &check ~~CASINO~~mark ~~RESORTS~~whether ~~HOLDINGS~~each registrant is a large accelerated filer, Lan accelerated filer, a non-accelerated filer, or a smaller reporting company.P See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

~~(Exact~~Trump ~~name~~Entertainment ofResorts, ~~registrant~~Inc. ~~as specified in its charter)~~

DELAWARE		13-3818407
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

~~1000~~Trump ~~Boardwalk~~Entertainment Resorts Holdings, L.P.

~~Atlantic~~Large ~~City,~~Accelerated ~~New~~Filer ~~Jersey~~¨ ~~08401~~Accelerated Filer ¨ Non-Accelerated Filer x Smaller Reporting Company ¨

~~(609)~~Trump ~~449-6515~~Entertainment Resorts Funding, Inc.

~~(Address,~~Large ~~Including~~Accelerated ~~Zip~~Filer ~~Code~~¨ ~~and~~Accelerated ~~Telephone~~Filer ~~Number,~~¨ ~~Including~~Non-Accelerated Filer x Smaller Reporting Company ¨

~~Area~~Indicate ~~Code,~~by check mark whether the registrants are shell companies (as defined in Rule 12b-2 of ~~Registrant’s~~the ~~Principal~~Exchange ~~Executive Offices~~Act). Yes ¨ No x

~~Not~~Indicate ~~Applicable~~by check mark whether the registrants have filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes x No ¨

~~(Former~~As ~~name~~of August 10, ~~former~~2009, ~~address~~there were 31,715,876 shares of common stock and ~~former~~900 ~~fiscal~~shares ~~year~~of class B common stock of Trump Entertainment Resorts, ifInc. ~~changed~~outstanding. ~~since~~As ~~last~~of ~~report)~~August 10, 2009, there were 100 shares of common stock of Trump Entertainment Resorts Funding, Inc. outstanding.

~~Commission~~PART ~~file~~I ~~number~~– ~~33-90786~~FINANCIAL INFORMATION

~~TRUMP~~Item ~~HOTELS & CASINO RESORTS FUNDING, INC~~1. Financial Statements

~~(Exact~~TRUMP ~~name~~ENTERTAINMENT RESORTS, ofINC. ~~registrant as specified in its charter)~~

DELAWARE		13-3818405
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

CONDENSED CONSOLIDATED BALANCE SHEETS

~~1000~~(unaudited) ~~Boardwalk~~

~~Atlantic~~(dollars ~~City~~in thousands, ~~New~~except ~~Jersey~~share ~~08401~~and per share data)

(609) 449-6515


	June 30, 2009			December 31, 2008
Current assets:
Cash and cash equivalents	$	65,394		$	86,183
Accounts receivable, net		38,350			38,579
Accounts receivable, other		5,281			5,162
Property taxes receivable		3,883			3,983
Inventories		5,466			5,938
Deferred income taxes		13,809			13,809
Prepaid expenses and other current assets		23,990			16,863

Total current assets		156,173			170,517


Net property and equipment		1,150,328			1,707,403

Other assets:
Restricted cash		2,607			2,807
Trademarks		32,712			53,212
Intangible assets, net		2,905			3,408
Deferred financing costs, net		—			14,902
Property taxes receivable		12,275			15,760
Other assets, net		75,390			79,370

Total other assets		125,889			169,459

Total assets	$	1,432,390		$	2,047,379

Current liabilities:
Current maturities of long-term debt, subject to compromise	$	1,735,262		$	1,737,726
Current maturities of long-term debt		196			200
Accounts payable		31,468			36,714
Accrued payroll and related expenses		26,791			22,856
Income taxes payable		8,348			8,248
Partnership distribution payable		430			—
Accrued interest payable		10,141			8,991
Accrued interest payable, subject to compromise		118,079			62,459
Self-insurance reserves		16,022			14,234
Other current liabilities		32,664			47,877

Total current liabilities		1,979,401			1,939,305

Long-term debt, net of current maturities		5,823			5,924
Deferred income taxes		59,039			67,363
Other long-term liabilities		26,735			27,083

(Deficit) equity:
Preferred stock, $1 par value; 1,000,000 shares authorized, no shares issued and outstanding		—			—
Common stock, $.001 par value; 75,000,000 shares authorized, 31,715,876 and 31,718,376 shares issued and outstanding at June 30, 2009 and December 31, 2008, respectively		32			32
Class B Common stock, $0.001 par value; 1,000 shares authorized, 900 shares issued and outstanding		—			—
Additional paid-in capital		467,243			466,666
Accumulated deficit		(959,166	)		(465,919	)
Noncontrolling interest in subsidiaries		(146,717	)		6,925

Total (deficit) equity		(638,608	)		7,704

Total liabilities and (deficit) equity	$	1,432,390		$	2,047,379

~~(Address,~~See ~~Including~~accompanying ~~Zip~~notes ~~Code~~to ~~and~~condensed ~~Telephone~~consolidated ~~Number,~~financial ~~Including~~statements

~~Area~~2 ~~Code, of Registrant’s Principal Executive Offices)~~

~~Not~~TRUMP ~~Applicable~~ENTERTAINMENT RESORTS, INC.

~~(Former~~CONDENSED ~~name,~~CONSOLIDATED ~~former~~STATEMENTS ~~address~~OF ~~and~~OPERATIONS ~~former fiscal year, if changed since last report).~~

~~Indicate by check mark whether the registrants~~ (1unaudited) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. Yes x No ¨

~~The~~(dollars ~~number~~in ~~of outstanding shares of Common Stock~~thousands, ~~par~~except ~~value~~share ~~$.01~~and per share, ofdata) ~~Trump Hotels & Casino Resorts, Inc. as of August 14, 2002 was 22,010,027.~~

The number of outstanding shares of Class B Common Stock, par value $.01 per share, of Trump Hotels & Casino Resorts, Inc. as of August 14, 2002 was 1,000.


	Three Months Ended June 30,						Six Months Ended June 30,
	2009			2008			2009			2008
Revenues:
Gaming	$	196,450		$	232,125		$	404,127		$	470,192
Rooms		23,512			22,069			43,088			41,879
Food and beverage		25,364			28,897			47,687			56,136
Other		10,612			11,583			18,571			21,797

		255,938			294,674			513,473			590,004
Less promotional allowances		(60,795	)		(63,039	)		(126,071	)		(130,740	)

Net revenues		195,143			231,635			387,402			459,264

Costs and expenses:
Gaming		103,720			110,706			207,954			224,323
Rooms		5,090			4,833			8,882			8,909
Food and beverage		13,491			14,114			24,053			25,540
General and administrative		57,961			68,207			120,002			135,910
Corporate and development		4,703			10,689			9,260			16,260
Corporate - related party		525			641			1,160			1,305
Depreciation and amortization		14,207			16,754			28,679			33,875
Intangible and other asset impairment charges		556,733			20,943			556,733			20,943
Reorganization expense and related costs		4,820			—			23,632			—

		761,250			246,887			980,355			467,065

Loss from operations		(566,107	)		(15,252	)		(592,953	)		(7,801	)

Non-operating income (expense):
Interest income		376			1,010			918			3,041
Interest expense		(38,864	)		(31,653	)		(78,123	)		(65,513	)
Income related to termination of Marina Agreement		15,196			—			15,196			—

		(23,292	)		(30,643	)		(62,009	)		(62,472	)

Loss before income taxes		(589,399	)		(45,895	)		(654,962	)		(70,273	)
Income tax benefit		8,324			6,221			8,324			6,221

Net loss		(581,075	)		(39,674	)		(646,638	)		(64,052	)
Less: Net loss attributable to the noncontrolling interest		137,983			9,853			153,391			15,583

Net loss attributable to Trump Entertainment Resorts, Inc.	$	(443,092	)	$	(29,821	)	$	(493,247	)	$	(48,469	)


Earnings per share:
Net loss per share attributable to Trump Entertainment Resorts, Inc. common shareholders - basic and diluted	$	(13.97	)	$	(0.94	)	$	(15.55	)	$	(1.53	)


Weighted average shares outstanding - basic and diluted		31,715,876			31,705,251			31,716,484			31,628,703

~~The~~See ~~number~~accompanying ofnotes ~~outstanding~~to ~~shares~~condensed ofconsolidated ~~Common~~financial ~~Stock,~~statements par value $.01 per share, of Trump Hotels & Casino Resorts Funding, Inc. as of August 14, 2002 was 100. Trump Hotels & Casino Resorts Funding, Inc. meets the conditions set forth in General Instruction (H)(1)(a) and (b) of Form 10-Q and is therefore filing this form with reduced disclosure information.

~~Table~~3 ~~of Contents~~

TRUMP HOTELS & CASINO RESORTS, INC., TRUMP HOTELS & CASINO RESORTS HOLDINGS, L.P. AND TRUMP HOTELS & CASINO RESORTS FUNDING, INC. INDEX TO FORM 10-Q
				Page No.
PART I—FINANCIAL INFORMATION
ITEM 1—Financial Statements
Condensed Consolidated Balance Sheets of Trump Hotels & Casino Resorts, Inc. as of December 31, 2001 and June 30, 2002 (unaudited)				1
Condensed Consolidated Statements of Operations of Trump Hotels & Casino Resorts, Inc. for the Three and Six Months Ended June 30, 2001 and 2002 (unaudited)				2
Condensed Consolidated Statement of Stockholders’ Equity of Trump Hotels & Casino Resorts, Inc. for the Six Months Ended June 30, 2002 (unaudited)				3
Condensed Consolidated Statements of Cash Flows of Trump Hotels & Casino Resorts, Inc. for the Six Months Ended June 30, 2001 and 2002 (unaudited)				4
Condensed Consolidated Balance Sheets of Trump Hotels & Casino Resorts Holdings, L.P. as of December 31, 2001 and June 30, 2002 (unaudited)				5
Condensed Consolidated Statements of Operations of Trump Hotels & Casino Resorts Holdings, L.P. for the Three and Six Months Ended June 30, 2001 and 2002 (unaudited)				6
Condensed Consolidated Statement of Partners’ Capital of Trump Hotels & Casino Resorts Holdings, L.P. for the Six Months Ended June 30, 2002 (unaudited)				7
Condensed Consolidated Statements of Cash Flows of Trump Hotels & Casino Resorts Holdings, L.P. for the Six Months Ended June 30, 2001 and 2002 (unaudited)				8
Notes to Condensed Consolidated Financial Statements of Trump Hotels & Casino Resorts, Inc., Trump Hotels & Casino Resorts Holdings, L.P. and Trump Hotels & Casino Resorts Funding, Inc. (unaudited)				9
ITEM 2— Management’s Discussion and Analysis of Financial Condition and Results of Operations				13
ITEM 3— Quantitative and Qualitative Disclosures About Market Risk				23
PART II—OTHER INFORMATION
ITEM 1— Legal Proceedings				24
ITEM 2— Changes in Securities and Use of Proceeds				24
ITEM 3— Defaults Upon Senior Securities				24
ITEM 4— Submission of Matters to a Vote of Security Holders				24
ITEM 5— Other Information				25
ITEM 6— Exhibits and Reports on Form 8-K				26
SIGNATURES
Signature— Trump Hotels & Casino Resorts, Inc.				27
Signature— Trump Hotels & Casino Resorts Holdings, L.P.				27
Signature— Trump Hotels & Casino Resorts Funding, Inc.				27

TRUMP ENTERTAINMENT RESORTS, INC.

~~Table~~CONDENSED ofCONSOLIDATED ~~Contents~~STATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIT)

~~PART~~(unaudited) ~~I—FINANCIAL INFORMATION~~

~~ITEM~~(in ~~1—FINANCIAL~~thousands, ~~STATEMENTS~~except share data)

TRUMP HOTELS & CASINO RESORTS, INC.


	Trump Entertainment Resorts, Inc. Shareholders
	Shares		Common Stock		Shares	Class B Common Stock		Additional Paid-in Capital		Accumulated Deficit			Noncontrolling Interest			Total Equity (Deficit)

Balance, December 31, 2008	31,718,376		$	32	900	$	—	$	466,666	$	(465,919	)	$	6,925		$	7,704

Stock-based compensation expense	—			—	—		—		577		—			179			756

Partnership distributions	—			—	—		—		—		—			(430	)		(430	)

Forfeitures of restricted stock	(2,500	)		—	—		—		—		—			—			—

Net loss	—			—	—		—		—		(493,247	)		(153,391	)		(646,638	)

Balance, June 30, 2009	31,715,876		$	32	900	$	—	$	467,243	$	(959,166	)	$	(146,717	)	$	(638,608	)

~~CONDENSED~~See ~~CONSOLIDATED~~accompanying ~~BALANCE~~notes ~~SHEETS~~to condensed consolidated financial statements

~~(unaudited)~~4

~~(dollars~~TRUMP inENTERTAINMENT ~~thousands~~RESORTS, ~~except~~INC. ~~share data)~~

	December 31, 2001			June 30, 2002
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	119,173		$	119,967
Receivables, net		47,328			45,190
Inventories		11,658			11,529
Prepaid expenses and other current assets		9,120			16,550
Total Current Assets		187,279			193,236
INVESTMENT IN BUFFINGTON HARBOR, L.L.C.		33,889			32,712
INVESTMENT IN TRUMP’S CASTLE PIK NOTES		105,940			114,692
PROPERTY AND EQUIPMENT, NET		1,797,487			1,784,849
DEFERRED BOND AND LOAN ISSUANCE COSTS, NET		21,129			18,060
OTHER ASSETS (Note 3)		73,727			74,762
Total Assets	$	2,219,451		$	2,218,311
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current maturities of long-term debt	$	20,218		$	19,775
Accounts payable and accrued expenses		144,042			150,172
Due to affiliates, net		17			244
Accrued interest payable		38,580			30,012
Total Current Liabilities		202,857			200,203
LONG-TERM DEBT, net of current maturities		1,881,636			1,895,217
OTHER LONG-TERM LIABILITIES		33,191			28,145
Total Liabilities		2,117,684			2,123,565
MINORITY INTEREST		12,304			9,800
STOCKHOLDERS’ EQUITY:
Common Stock, $.01 par value, 75,000,000 shares authorized,24,206,756 issued; 22,010,027 outstanding		242			242
Class B Common Stock, $.01 par value, 1,000 shares authorized,issued and outstanding		—			—
Additional Paid in Capital		455,645			455,645
Accumulated Deficit		(345,850	)		(350,192	)
Accumulated Other Comprehensive Loss		(374	)		(549	)
Less treasury stock at cost, 2,196,729 shares		(20,200	)		(20,200	)
Total Stockholders’ Equity		89,463			84,946
Total Liabilities and Stockholders’ Equity	$	2,219,451		$	2,218,311

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

~~The~~(unaudited) ~~accompanying notes are an integral part of these condensed consolidated balance sheets~~

1(dollars in thousands)


	Six Months Ended June 30,
	2009			2008
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(646,638	)	$	(64,052	)
Adjustments to reconcile net loss to net cash flows provided by (used in) operating activities:
Deferred income taxes		(8,324	)		(6,221	)
Depreciation and amortization		28,679			33,875
Intangible and other asset impairment charges		556,733			20,943
Accretion of interest income related to property tax settlement		(415	)		(475	)
Amortization of deferred financing costs		470			1,411
Provisions for losses on receivables		8,650			3,617
Stock-based compensation expense		756			1,541
Valuation allowance - CRDA investments		(844	)		1,984
Income related to termination of Marina Agreement		(15,196	)		—
Non-cash reorganization expense		14,432			—
Gain on sale of assets		—			(37	)
Changes in operating assets and liabilities:
Increase in receivables		(8,540	)		(1,292	)
Decrease (increase) in inventories		472			(914	)
Decrease in property taxes receivable		4,000			—
Increase in prepaid expenses and other current assets		(7,127	)		(3,963	)
Decrease (increase) in other assets		2,572			(3,407	)
Increase in accounts payable, accrued expenses and other current liabilities		15,035			375
Increase in accrued interest payable		56,770			684
Decrease in other long-term liabilities		(348	)		(811	)

Net cash flows provided by (used in) operating activities		1,137			(16,742	)


CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment, net		(22,051	)		(94,938	)
Purchases of CRDA investments, net		(5,315	)		(5,973	)
Proceeds from CRDA investments		7,809			—
Decrease in restricted cash		200			45,895
Capitalized interest on construction in process		—			(5,683	)

Net cash flows used in investing activities		(19,357	)		(60,699	)


CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under term loan		—			50,000
Repayments of term loan		(2,464	)		(2,091	)
Repayments of other long-term debt		(105	)		(1,509	)
Partnership distributions		—			(430	)

Net cash flows (used in) provided by financing activities		(2,569	)		45,970


Net decrease in cash and cash equivalents		(20,789	)		(31,471	)
Cash and cash equivalents at beginning of period		86,183			121,309

Cash and cash equivalents at end of period	$	65,394		$	89,838


SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	$	20,882		$	69,262
Cash paid for income taxes		—			—
Equipment purchased under capital leases		—			6,000
(Decrease) increase in accounts payable for accrued purchases of property and equipment		(14,475	)		4,289

~~TRUMP~~See ~~HOTELS~~accompanying &notes ~~CASINO~~to ~~RESORTS,~~condensed ~~INC.~~consolidated financial statements

~~CONDENSED~~5 ~~CONSOLIDATED STATEMENTS OF OPERATIONS~~

~~FOR~~TRUMP ~~THE~~ENTERTAINMENT ~~THREE~~RESORTS ~~AND SIX MONTHS ENDED JUNE 30~~HOLDINGS, ~~2001~~L.P. ~~AND 2002~~

~~(unaudited)~~CONDENSED CONSOLIDATED BALANCE SHEETS

(~~dollars in thousands, except share data~~unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2001			2002			2001			2002
REVENUES:
Gaming	$	309,168		$	318,948		$	602,146		$	630,386
Rooms		20,871			20,931			38,937			39,766
Food and Beverage		32,404			32,198			63,388			62,532
Other		9,399			10,843			16,991			19,559
Gross Revenues		371,842			382,920			721,462			752,243
Less—Promotional allowances (Note 4)		70,489			69,523			138,615			137,671
Net Revenues		301,353			313,397			582,847			614,572
COSTS AND EXPENSES:
Gaming (Note 4)		155,198			150,495			307,451			299,043
Rooms		8,017			8,426			15,359			16,088
Food and Beverage		11,289			12,044			21,165			22,684
General and Administrative		66,020			65,514			131,797			130,107
Depreciation and Amortization		18,645			20,399			37,520			39,817
Debt Renegotiation Costs (Note 5)		—			949			—			3,064
		259,169			257,827			513,292			510,803
Income from operations		42,184			55,570			69,555			103,769
NON-OPERATING INCOME AND (EXPENSES):
Interest income		1,017			612			2,099			1,093
Interest expense		(54,934	)		(55,239	)		(109,287	)		(110,454	)
Other non-operating income (expense)		296			39			426			(54	)
		(53,621	)		(54,588	)		(106,762	)		(109,415	)
Income (Loss) before equity in loss of Buffington Harbor, L.L.C., and minority interest		(11,437	)		982			(37,207	)		(5,646	)
Equity in loss of Buffington Harbor, L.L.C.		(800	)		(598	)		(1,598	)		(1,200	)
Minority Interest		4,475			(140	)		14,191			2,504
NET INCOME ( LOSS)	$	(7,762	)	$	244		$	(24,614	)	$	(4,342	)
Basic and diluted earnings (loss) per share	$	(0.35	)		0.01		$	(1.12	)	$	(0.20	)
Weighted average number of shares outstanding—basic		22,010,027			22,010,027			22,010,027			22,010,027
Weighted average number of shares outstanding—diluted		22,010,027			22,061,762			22,010,027			22,010,027

(dollars in thousands)

The accompanying notes are an integral part of these condensed consolidated financial statements.


	June 30, 2009			December 31, 2008
Current assets:
Cash and cash equivalents	$	64,410		$	85,206
Accounts receivable, net		38,350			38,579
Accounts receivable, other		5,281			5,162
Property taxes receivable		3,883			3,983
Inventories		5,466			5,938
Deferred income taxes		2,867			2,867
Prepaid expenses and other current assets		23,990			16,863

Total current assets		144,247			158,598


Net property and equipment		1,150,328			1,707,403

Other assets:
Restricted cash		2,607			2,807
Trademarks		32,712			53,212
Intangible assets, net		2,905			3,408
Deferred financing costs, net		—			14,902
Property taxes receivable		12,275			15,760
Other assets, net		75,390			79,370

Total other assets		125,889			169,459

Total assets	$	1,420,464		$	2,035,460

Current liabilities:
Current maturities of long-term debt, subject to compromise	$	1,735,262		$	1,737,726
Current maturities of long-term debt		196			200
Accounts payable		31,468			36,714
Accrued payroll and related expenses		26,791			22,856
Income taxes payable		8,348			8,248
Accrued partner distributions		430			—
Accrued interest payable		10,141			8,991
Accrued interest payable, subject to compromise		118,079			62,459
Self-insurance reserves		16,022			14,234
Other current liabilities		32,664			47,877

Total current liabilities		1,979,401			1,939,305

Long-term debt, net of current maturities		5,823			5,924
Deferred income taxes		15,068			17,313
Other long-term liabilities		26,735			27,083

Partners’ (deficit) capital
Partners’ capital		604,209			603,883
Accumulated deficit		(1,210,772	)		(558,048	)

Total partners’ (deficit) capital		(606,563	)		45,835

Total liabilities and partners’ (deficit) capital	$	1,420,464		$	2,035,460

2See accompanying notes to condensed consolidated financial statements

~~Table~~6 ~~of Contents~~

TRUMP ~~HOTELS~~ENTERTAINMENT ~~& CASINO~~ RESORTS HOLDINGS, ~~INC~~L.P.

CONDENSED CONSOLIDATED ~~STATEMENT~~STATEMENTS OF ~~STOCKHOLDERS’~~OPERATIONS ~~EQUITY~~

~~FOR~~(unaudited) ~~THE SIX MONTHS ENDED JUNE 30, 2002~~

(~~unaudited~~dollars in thousands)

(dollars in thousands)


	Three Months Ended June 30,						Six Months Ended June 30,
	2009			2008			2009			2008

Revenues:
Gaming	$	196,450		$	232,125		$	404,127		$	470,192
Rooms		23,512			22,069			43,088			41,879
Food and beverage		25,364			28,897			47,687			56,136
Other		10,612			11,583			18,571			21,797

		255,938			294,674			513,473			590,004
Less promotional allowances		(60,795	)		(63,039	)		(126,071	)		(130,740	)

Net revenues		195,143			231,635			387,402			459,264

Costs and expenses:
Gaming		103,720			110,706			207,954			224,323
Rooms		5,090			4,833			8,882			8,909
Food and beverage		13,491			14,114			24,053			25,540
General and administrative		57,961			68,207			120,002			146,278
Corporate and other		4,703			10,689			9,260			5,892
Corporate-related party		525			641			1,160			1,305
Depreciation and amortization		14,207			16,754			28,679			33,875
Intangible and other asset impairment charges		556,733			18,647			556,733			18,647
Reorganization expense and related costs		4,820			—			23,632			—

		761,250			244,591			980,355			464,769

Loss from operations		(566,107	)		(12,956	)		(592,953	)		(5,505	)

Non-operating income (expense):
Interest income		373			1,004			911			3,028
Interest expense		(38,864	)		(31,653	)		(78,123	)		(65,513	)
Income related to termination of Marina Agreement		15,196			—			15,196			—

		(23,295	)		(30,649	)		(62,016	)		(62,485	)


Loss before income taxes		(589,402	)		(43,605	)		(654,969	)		(67,990	)
Income tax benefit		2,245			1,678			2,245			1,678

Net loss	$	(587,157	)	$	(41,927	)	$	(652,724	)	$	(66,312	)

	Common Stock Amount		Additional Paid In Capital		Accumulated Deficit			Accumulated Other Comprehensive Loss			Treasury Stock			Total Stockholders’ Equity
Balance, December 31, 2001	$	242	$	455,645	$	(345,850	)	$	(374	)	$	(20,200	)	$	89,463
Net Loss						(4,342	)								(4,342	)
Change in value of interest rate swap									(175	)					(175	)
Total comprehensive loss															(4,517	)
Balance, June 30, 2002	$	242	$	455,645	$	(350,192	)	$	(549	)	$	(20,200	)	$	84,946

See accompanying notes to condensed consolidated financial statements

At7 ~~December 31, 2001 and June 30, 2002, there were 22,010,027 shares of Common Stock outstanding and 1,000 shares of Class B Common Stock outstanding.~~

~~The~~TRUMP ~~accompanying~~ENTERTAINMENT ~~notes~~RESORTS ~~are~~HOLDINGS, ~~an integral part of this condensed consolidated financial statement~~L.P.

3CONSOLIDATED STATEMENTS OF PARTNERS’ (DEFICIT) CAPITAL

~~Table of Contents~~(unaudited)

~~TRUMP~~(dollars ~~HOTELS~~in &thousands) ~~CASINO RESORTS, INC.~~

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS


	Partners’ Capital			Accumulated Deficit			Total Partners’ (Deficit) Capital

Balance, December 31, 2008	$	603,883		$	(558,048	)	$	45,835

Stock-based compensation expense, net of forfeitures		756			—			756

Partnership distributions		(430	)		—			(430	)

Net loss		—			(652,724	)		(652,724	)

Balance, June 30, 2009	$	604,209		$	(1,210,772	)	$	(606,563	)

~~FOR~~See ~~THE~~accompanying ~~SIX~~notes ~~MONTHS~~to ~~ENDED~~consolidated ~~JUNE~~financial ~~30,~~statements. ~~2001 AND 2002~~

~~(unaudited)~~8

~~(dollars~~TRUMP inENTERTAINMENT ~~thousands)~~RESORTS HOLDINGS, L.P.

	2001			2002
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$	(24,614	)	$	(4,342	)
Adjustments to reconcile net loss to net cash flows from operating activities:
Issuance of debt in exchange for accrued interest		8,392			8,604
Non-cash increase in Trump’s Castle PIK Notes		(7,654	)		(8,752	)
Equity in loss of Buffington Harbor, L.L.C.		1,598			1,200
Depreciation and amortization		37,520			39,817
Minority interest in net loss		(14,191	)		(2,504	)
Accretion of discounts on mortgage notes		3,153			3,605
Amortization of deferred loan costs		2,944			3,227
Provision for losses on receivables		4,079			4,293
Valuation allowance of CRDA investments and amortization of Indiana gaming costs		3,585			2,774
Gain on disposition of property		(423	)		—
Decrease (increase) in receivables		3,582			(2,155	)
Decrease in inventories		474			129
Increase in other current assets		(5,163	)		(6,495	)
Increase in due to affiliates		1,623			227
(Increase) decrease in other assets		(668	)		3,966
Increase in accounts payable and accrued expenses		13,171			5,518
Increase (decrease) in accrued interest payable		19			(8,568	)
Decrease in other long-term liabilities		(115	)		(4,769	)
Net cash flows provided by operating activities		27,312			35,775
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment, net		(6,807	)		(15,725	)
Investment in Buffington Harbor, L.L.C.		(1,358	)		(23	)
Purchase of CRDA investments		(6,575	)		(6,831	)
Advances to 29 Palms Tribe		—			(2,908	)
Net cash flows used in investing activities		(14,740	)		(25,487	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from additional borrowings		27,500			2,898
Payment of long-term debt		(27,746	)		(12,392	)
Loan costs from additional borrowing		(1,835	)		—
Net cash flows used in financing activities		(2,081	)		(9,494	)
NET INCREASE IN CASH AND CASH EQUIVALENTS		10,491			794
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		95,429			119,173
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	105,920		$	119,967
CASH INTEREST PAID	$	102,673		$	112,649
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:
Purchase of property and equipment under capital lease obligations	$	18,049		$	10,248
Accumulated Other Comprehensive Loss	$	—		$	(175	)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

~~The~~(unaudited) ~~accompanying notes are an integral part of these condensed consolidated financial statements.~~

4(dollars in thousands)


	Six Months Ended June 30,
	2009			2008
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(652,724	)	$	(66,312	)
Adjustments to reconcile net loss to net cash flows provided by (used in) operating activities:
Deferred income taxes		(2,245	)		(1,678	)
Depreciation and amortization		28,679			33,875
Intangible and other asset impairment charges		556,733			18,647
Accretion of interest income related to property tax settlement		(415	)		(475	)
Amortization of deferred financing costs		470			1,411
Provisions for losses on receivables		8,650			3,617
Stock-based compensation expense		756			1,541
Valuation allowance - CRDA investments		(844	)		1,984
Income related to termination of Marina Agreement		(15,196	)		—
Non-cash reorganization expense		14,432			—
Gain on sale of assets		—			(37	)
Changes in operating assets and liabilities:
Increase in receivables		(8,540	)		(1,292	)
Decrease (increase) in inventories		472			(914	)
Decrease in property taxes receivable		4,000			—
Increase in prepaid expenses and other current assets		(7,127	)		(3,963	)
Decrease (increase) in other assets		2,572			(3,407	)
Increase in accounts payable, accrued expenses and other current liabilities		15,035			375
Increase in accrued interest payable		56,770			684
Decrease in other long-term liabilities		(348	)		(810	)

Net cash flows provided by (used in) operating activities		1,130			(16,754	)


CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment, net		(22,051	)		(94,938	)
Purchases of CRDA investments, net		(5,315	)		(5,973	)
Proceeds from CRDA investments		7,809			—
Decrease in restricted cash		200			45,895
Capitalized interest on construction in process		—			(5,683	)

Net cash flows used in investing activities		(19,357	)		(60,699	)


CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under term loan		—			50,000
Repayments of term loan		(2,464	)		(2,091	)
Repayments of other long-term debt		(105	)		(1,509	)
Partnership distributions		—			(430	)

Net cash flows (used in) provided by financing activities		(2,569	)		45,970


Net decrease in cash and cash equivalents		(20,796	)		(31,483	)
Cash and cash equivalents at beginning of period		85,206			120,357

Cash and cash equivalents at end of period	$	64,410		$	88,874


SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	$	20,882		$	69,262
Cash paid for income taxes		—			—
Equipment purchased under capital leases		—			6,000
(Decrease) increase in accounts payable for accrued purchases of property and equipment		(14,475	)		4,289

~~TRUMP~~See ~~HOTELS~~accompanying &notes ~~CASINO~~to ~~RESORTS~~condensed ~~HOLDINGS,~~consolidated ~~L.P.~~financial statements

~~CONDENSED~~9 ~~CONSOLIDATED BALANCE SHEETS~~

~~(dollars~~NOTES inTO ~~thousands)~~CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

	December 31, 2001			June 30, 2002
				(unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	119,169		$	119,963
Receivables, net		47,328			45,190
Inventories		11,658			11,529
Prepaid expenses and other current assets		9,120			16,550
Total Current Assets		187,275			193,232
INVESTMENT IN BUFFINGTON HARBOR, L.L.C.		33,889			32,712
INVESTMENT IN TRUMP’S CASTLE PIK NOTES		105,940			114,692
PROPERTY AND EQUIPMENT, NET		1,797,487			1,784,849
DEFERRED BOND AND LOAN ISSUANCE COSTS, NET		21,129			18,060
OTHER ASSETS (Note 3)		73,727			74,762
Total Assets	$	2,219,447		$	2,218,307
LIABILITIES AND PARTNERS’ CAPITAL
CURRENT LIABILITIES:
Current maturities of long-term debt	$	20,218		$	19,775
Accounts payable and accrued expenses		144,042			150,172
Due to affiliates, net		17			244
Accrued interest payable		38,580			30,012
Total Current Liabilities		202,857			200,203
LONG-TERM DEBT, net of current maturities		1,881,636			1,895,217
OTHER LONG-TERM LIABILITIES		33,191			28,145
Total Liabilities		2,117,684			2,123,565
PARTNERS’ CAPITAL:
Partners’ capital		652,503			652,503
Accumulated deficit		(530,166	)		(537,012	)
Accumulated other comprehensive loss		(374	)		(549	)
Less stock of THCR		(20,200	)		(20,200	)
Total Partners’ Capital		101,763			94,742
Total Liabilities and Partners’ Capital	$	2,219,447		$	2,218,307

(unaudited)

~~The~~(dollars ~~accompanying~~in ~~notes~~thousands, except ~~are~~share anand ~~integral~~per ~~part~~share ofdata) ~~these condensed consolidated balance sheets.~~

5(1) General

~~Table~~Organization ~~of Contents~~

~~TRUMP~~The ~~HOTELS~~accompanying &consolidated ~~CASINO~~financial ~~RESORTS~~statements ~~HOLDINGS~~include those of Trump Entertainment Resorts, Inc. (“TER”), a Delaware corporation, its majority-owned subsidiary, Trump Entertainment Resorts Holdings, L.P. (“TER Holdings”), a Delaware limited partnership, and their respective subsidiaries. Except where otherwise noted, the words “we,” “us,” “our” and similar terms, as well as “Company,” refer to TER and all of its subsidiaries. Through TER Holdings and its wholly-owned subsidiaries, we own and operate the Trump Taj Mahal Casino Resort (“Trump Taj Mahal”), Trump Plaza Hotel and Casino (“Trump Plaza”) and Trump Marina Hotel Casino (“Trump Marina”) in Atlantic City, New Jersey.

~~CONDENSED~~Chapter ~~CONSOLIDATED~~11 ~~STATEMENTS~~Filing ~~OF OPERATIONS~~

~~FOR~~On ~~THE~~February 17, ~~THREE~~2009 ~~AND~~(the ~~SIX~~“Petition ~~MONTHS~~Date”), ~~ENDED~~TER ~~JUNE~~and 30certain of its direct and indirect subsidiaries (collectively, ~~2001~~the ~~AND~~“Debtors”) ~~2002~~filed voluntary petitions in the United States Bankruptcy Court for the District of New Jersey in Camden, New Jersey (the “Bankruptcy Court”) seeking relief under the provisions of chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”). These chapter 11 cases are being jointly administered under the caption In re: TCI 2 Holdings, LLC, et al Debtors, Chapter 11 Case Nos.: 09-13654 through 09-13656 and 09-13658 through 09-13664 (JHW) (the “Chapter 11 Case”).

~~(unaudited)~~On February 20, 2009, the Company obtained court approval to continue to pay its vendors in the ordinary course of business. The Debtors continue to operate their businesses as debtors-in-possession under the jurisdiction of the Bankruptcy Court and in accordance with applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court.

On August 3, 2009, the Debtors filed with the Bankruptcy Court a joint chapter 11 plan of reorganization (~~dollars~~the in“Plan”) ~~thousands~~and a Disclosure Statement relating to the Plan (the “Disclosure Statement”). The Disclosure Statement describes the procedures for the solicitation of votes as well as the Plan. The Plan provides for the consummation of the transactions contemplated by the Purchase Agreement, Commitment Letter and A&R Credit Agreement (each described below). Pursuant to the Plan, no distributions will be made to any of the Debtors’ second lien noteholders, unsecured creditors or equity holders, all of whose claims and securities will be cancelled upon consummation of the Plan.

	Three Months Ended June 30,						Six Months Ended June 30,
	2001			2002			2001			2002
REVENUES:
Gaming	$	309,168		$	318,948		$	602,146		$	630,386
Rooms		20,871			20,931			38,937			39,766
Food and Beverage		32,404			32,198			63,388			62,532
Other		9,399			10,843			16,991			19,559
Gross Revenues		371,842			382,920			721,462			752,243
Less—Promotional allowances (Note 4)		70,489			69,523			138,615			137,671
Net Revenues		301,353			313,397			582,847			614,572
COSTS AND EXPENSES:
Gaming (Note 4)		155,198			150,495			307,451			299,043
Rooms		8,017			8,426			15,359			16,088
Food and Beverage		11,289			12,044			21,165			22,684
General and Administrative		66,020			65,514			131,797			130,107
Depreciation and Amortization		18,645			20,399			37,520			39,817
Debt Renegotiation Costs (Note 5)		—			949			—			3,064
		259,169			257,827			513,292			510,803
Income from operations		42,184			55,570			69,555			103,769
NON-OPERATING INCOME AND (EXPENSES):
Interest income		1,017			612			2,099			1,093
Interest expense		(54,934	)		(55,239	)		(109,287	)		(110,454	)
Other non-operating income (expense)		296			39			426			(54	)
		(53,621	)		(54,588	)		(106,762	)		(109,415	)
Income (Loss) before equity in loss of Buffington Harbor, L.L.C.		(11,437	)		982			(37,207	)		(5,646	)
Equity in loss of Buffington Harbor, L.L.C.		(800	)		(598	)		(1,598	)		(1,200	)
NET INCOME ( LOSS)	$	(12,237	)	$	384		$	(38,805	)	$	(6,846	)

On August 3, 2009, TER and TER Holdings entered into a Purchase Agreement (the “Purchase Agreement”) with BNAC, Inc., a Texas corporation (“Beal”), and Donald J. Trump (“Trump”, and together with Beal, the “New Partners”). Under the terms of the Purchase Agreement and pursuant to the consummation of the Plan, the New Partners will make capital contributions to TER Holdings in the aggregate amount of $100 million and, in consideration for such contribution; TER Holdings will issue partnership interests to the New Partners (the “Purchase”). In addition, pursuant to the terms of the Purchase Agreement and the Plan, all of the outstanding capital stock and other equity interests of TER will be cancelled and capital stock of TER will be issued to Trump or his designee such that Trump will be the beneficial owner of all of the issued and outstanding capital stock of TER, and TER will change from the general partner of TER Holdings to a limited partner of TER Holdings. Consummation of the Purchase is subject to the satisfaction of certain customary closing conditions and the receipt of necessary approvals. The Purchase is also subject to the restructuring and recapitalization of the outstanding indebtedness of the Debtors pursuant to, and subject to, the consummation of the Plan described above.

~~The~~In ~~accompanying~~connection ~~notes~~with ~~are~~the Purchase Agreement, on August 3, 2009, TER and TER Holdings also entered into a letter agreement (the “Commitment Letter”) with Beal Bank and Beal Bank Nevada, pursuant to which, upon the satisfaction of the terms and conditions set forth in the Commitment Letter, the lenders under the amended credit agreement, dated as of December 21, 2007 and as amended on December 21, 2007, May 29, 2008 and October 28, 2008 (the “2007 Credit Agreement”), consented to enter into an ~~integral~~amended ~~part~~and restated 2007 Credit Agreement with TER Holdings (the “A&R Credit Agreement”). The A&R Credit Agreement provides for a restructuring of ~~these~~the indebtedness ~~condensed~~under ~~consolidated~~the 2007 Credit Agreement in the aggregate principal amount of approximately $486 million. Under the A&R Credit Agreement, the maturity for repayment is extended until December 2020 and under certain circumstances, an ~~financial~~aggregate ~~statements~~of up to $24.4 million of principal and interest can be deferred. The A&R Credit Agreement contains certain customary affirmative and negative covenants that are materially similar to those contained in the 2007 Credit Agreement.

610

~~Table~~The Plan is subject to confirmation by the Bankruptcy Court, customary closing conditions and the consummation of ~~Contents~~the transactions contemplated by the Purchase Agreement, Commitment Letter and A&R Credit Agreement. A copy of the Disclosure Statement is attached as Exhibit 99.2 to TER’s Current Report on Form 8-K filed on August 4, 2009 and a copy of the Plan is attached as Exhibit A to the Disclosure Statement. A copy of each of the Purchase Agreement and the Commitment Letter is attached to TER’s Current Report on Form 8-K filed on August 4, 2009, as Exhibits 10.1 and 10.2 respectively. The A&R Credit Agreement has been fully negotiated and is attached as an exhibit to the Commitment Letter.

~~TRUMP~~We ~~HOTELS~~intend &to ~~CASINO~~maintain ~~RESORTS~~business ~~HOLDINGS~~operations through the reorganization process. Our liquidity and capital resources, Lhowever, are significantly affected by the Chapter 11 Case.P Our bankruptcy proceedings have resulted in various restrictions on our activities, limitations on financing and a need to obtain Bankruptcy Court approval for various matters. As a result of the filing of the Chapter 11 Case, the Debtors are not permitted to make any payments on pre-petition liabilities without prior Bankruptcy Court approval. However, the Debtors have been granted relief in order to continue wage and salary payments and other benefits to employees as well as other related pre-petition obligations; to continue to honor customer programs as well as certain related pre-petition customer obligations; and to pay certain pre-petition trade claims held by critical vendors. Under the priority schedule established by the Bankruptcy Code, certain post-petition and pre-petition liabilities need to be satisfied before general unsecured creditors and equity holders are entitled to receive any distribution. At this time, it is not possible to predict with certainty the effect of the Chapter 11 Case on our business or various creditors, or when we will emerge from these proceedings. Our future results depend upon our confirming and successfully implementing, on a timely basis, the Plan (as described above). The continuation of the Chapter 11 Case, particularly if the Plan is not timely approved or confirmed, could further adversely affect our operations.

Donald J. ~~CONDENSED~~Trump’s ~~CONSOLIDATED~~Abandonment ~~STATEMENT~~of OFLimited ~~PARTNERS’~~Partnership ~~CAPITAL~~ Interests in TER Holdings

~~FOR~~By ~~THE~~letter ~~SIX~~dated ~~MONTHS~~February 13, ~~ENDED~~2009, ~~JUNE~~Donald ~~30,~~J. ~~2002~~Trump (“Mr. Trump”) notified TER that he had abandoned any and all of his 23.5% direct limited partnership interest in TER Holdings and relinquished any and all rights under the Fourth Amended and Restated Agreement of Limited Partnership of TER Holdings (the “Partnership Agreement”) or otherwise with respect to TER Holdings and Mr. Trump’s limited partnership interest.

(~~unaudited~~2) Summary of Significant Accounting Policies

~~(dollars~~Basis inof ~~thousands)~~Presentation

	Partners’ Capital		Accumulated Deficit			Accumulated Other Comprehensive Loss			THCR Common Stock			Total
Balance, December 31, 2001	$	652,503	$	(530,166	)	$	(374	)	$	(20,200	)	$	101,763
Net Loss				(6,846	)								(6,846	)
Change in value of interest rate swap							(175	)					(175	)
Total comprehensive loss													(7,021	)
Balance, June 30, 2002	$	652,503	$	(537,012	)	$	(549	)	$	(20,200	)	$	94,742

The accompanying condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the United States Securities and Exchange Commission (“SEC”) for interim financial reporting. Accordingly, certain information and note disclosures normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted. The accompanying condensed consolidated financial statements have been prepared without audit. In the opinion of management, all adjustments, including normal recurring adjustments necessary to present fairly the financial position, results of operations and cash flows for the periods presented, have been made. The results for interim periods are not necessarily indicative of results that may be expected for any other interim period or for the full year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2008 as filed with the SEC and all of our other filings, including Current Reports on Form 8-K, filed with the SEC after such date and through the date of this report, which are available on the SEC’s website at www.sec.gov or our website at www.trumpcasinos.com.

~~The~~In preparing the accompanying ~~notes~~unaudited ~~are~~condensed anconsolidated ~~integral~~financial ~~part~~statements, ofthe ~~this~~Company ~~condensed~~has ~~consolidated~~ reviewed, as determined necessary by the Company’s management, events that have occurred after June 30, 2009, up until the issuance of the financial statements, ~~statement~~which occurred on August 10, 2009.

7The condensed consolidated financial statements include our accounts and those of our controlled subsidiaries and partnerships. We have eliminated all intercompany transactions. We view each of our casino properties as operating segments and all such operating segments have been aggregated into one reporting segment.

~~Table~~Accounting Impact of ~~Contents~~Chapter 11 Case

~~TRUMP~~The ~~HOTELS~~accompanying &condensed ~~CASINO~~consolidated ~~RESORTS~~financial ~~HOLDINGS~~statements have been prepared in accordance with AICPA Statement of Position (“SOP”) No. 90-7, L“Financial Reporting by Entities in Reorganization under the Bankruptcy Code” (“SOP 90-7”) and on a going concern basis, which contemplates continuity of operations, realization of assets and liquidation of liabilities in the ordinary course of business.P. The ability of the Company, both during and after the Chapter 11 Case, to continue as a going concern is contingent upon, among other things; (i) the ability of the Company

~~CONDENSED~~11 ~~CONSOLIDATED STATEMENTS OF CASH FLOWS~~

~~FOR~~ to ~~THE~~generate ~~SIX~~cash ~~MONTHS~~from ~~ENDED~~operations ~~JUNE~~and ~~30,~~to ~~2001~~maintain ~~AND~~adequate ~~2002~~cash on hand; (ii) the resolution of the uncertainty as to the amount of claims that will be allowed; (iii) the ability of the Company to confirm the Plan under the Bankruptcy Code and obtain any debt and equity financing which may be required to emerge from bankruptcy protection; and (iv) the Company’s ability to achieve profitability. There can be no assurance that the Company will be able to successfully achieve these objectives in order to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments that might result should the Company be unable to continue as a going concern.

~~(unaudited)~~Liabilities subject to compromise in the Condensed Consolidated Balance Sheets relate to certain of the liabilities of the Debtors incurred prior to the Petition Date. In accordance with SOP 90-7, liabilities subject to compromise are recorded at the estimated amount that is expected to be allowed as pre-petition claims in the Chapter 11 Case, even if they may be settled for lesser amounts in the future. Adjustments may result from negotiations, actions of the Bankruptcy Court, further developments with respect to disputed claims, rejection of executory contracts and unexpired leases, proofs of claim, implementation of the plan of reorganization or other events. Liabilities subject to compromise consisted of the following:

(dollars in thousands)


	June 30, 2009		December 31, 2008
Senior Notes	$	1,248,969	$	1,248,969
2007 Credit Facility		486,293		488,757
Accrued interest payable related to Senior Notes and 2007 Credit Facility		118,079		62,459

	$	1,853,341	$	1,800,185

	2001			2002
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$	(38,805	)	$	(6,846	)
Adjustments to reconcile net loss to net cash flows from operating activities:
Issuance of debt in exchange for accrued interest		8,392			8,604
Non-cash increase in Trump’s Castle PIK Notes		(7,654	)		(8,752	)
Equity in loss of Buffington Harbor, L.L.C.		1,598			1,200
Depreciation and amortization		37,520			39,817
Accretion of discounts on mortgage notes		3,153			3,605
Amortization of deferred loan costs		2,944			3,227
Provision for losses on receivables		4,079			4,293
Valuation allowance of CRDA investments and amortization of Indiana gaming costs		3,585			2,774
Gain on disposition of property		(423	)		—
Decrease (increase) in receivables		3,582			(2,155	)
Decrease in inventories		474			129
Increase in other current assets		(5,163	)		(6,495	)
Increase in due to affiliates		1,623			227
(Increase) decrease in other assets		(668	)		3,966
Increase in accounts payable and accrued expenses		13,171			5,518
Increase (decrease) in accrued interest payable		19			(8,568	)
Decrease in other long-term liabilities		(115	)		(4,769	)
Net cash flows provided by operating activities		27,312			35,775
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment, net		(6,807	)		(15,725	)
Investment in Buffington Harbor, L.L.C.		(1,358	)		(23	)
Purchase of CRDA investments		(6,575	)		(6,831	)
Advances to 29 Palms Tribe		—			(2,908	)
Net cash flows used in investing activities		(14,740	)		(25,487	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from additional borrowings		27,500			2,898
Payment of long-term debt		(27,746	)		(12,392	)
Loan costs from additional borrowing		(1,835	)		—
Net cash flows used in financing activities		(2,081	)		(9,494	)
NET INCREASE IN CASH AND CASH EQUIVALENTS		10,491			794
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		95,425			119,169
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	105,916		$	119,963
CASH INTEREST PAID	$	102,673		$	112,649
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:
Purchase of property and equipment under capital lease obligations	$	18,049		$	10,248
Accumulated Other Comprehensive Loss	$	—		$	(175	)

All other liabilities are expected to be satisfied in the ordinary course of business. Accordingly, the Company has not reflected any of these liabilities as subject to compromise in the accompanying Condensed Consolidated Balance Sheets. The Company believes this classification provides an appropriate presentation of liabilities that are subject to and not subject to compromise.

The ~~accompanying~~Company ~~notes~~wrote ~~are~~off anas ~~integral~~reorganization ~~part~~expense its deferred financing costs related to its Senior Notes and 2007 Credit Facility (both as defined below) in order to record its debt instruments at the amount of ~~these~~the ~~condensed~~claim ~~consolidated~~expected to be allowed by the Bankruptcy Court in accordance with SOP 90-7. In addition, reorganization expense for the ~~financial~~periods ~~statements~~presented includes professional fees and other expenses incurred which are directly associated with the bankruptcy process.

8The following table summarizes reorganization expense and related costs for the three and six months ended June 30, 2009 and 2008:


	Three Months Ended June 30,				Six Months Ended June 30,
	2009		2008		2009		2008
Deferred financing costs	$	—	$	—	$	14,432	$	—
Professional fees and other expenses		4,820		—		9,200		—

	$	4,820	$	—	$	23,632	$	—

~~TRUMP~~The ~~HOTELS~~Company &is ~~CASINO~~required ~~RESORTS,~~to ~~INC~~accrue interest expense during the Chapter 11 Case only to the extent that it is probable that such interest will be paid pursuant to the proceedings. The Company recognized interest expense subsequent to the Petition Date in accordance with the current terms of its debt and capitalized lease obligations.

~~TRUMP~~Long-Lived ~~HOTELS~~Assets &and ~~CASINO~~Assets ~~RESORTS~~Held ~~HOLDINGS,~~for ~~L.P.~~Sale

~~AND~~In accordance with the provisions of Statement of Financial Accounting Standards (“SFAS”) No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets” (“SFAS 144”), when events or circumstances indicate that the carrying amount of long-lived assets to be held and used might not be recoverable, the expected future undiscounted cash flows from the assets are estimated and compared with the carrying amount of the assets. If the sum of the estimated undiscounted cash flows was less than the carrying amount of the assets, an impairment loss would be recorded. The impairment loss would be measured by comparing the fair value of the long-lived asset group with its carrying amount.

~~TRUMP~~Long-lived ~~HOTELS~~assets &are ~~CASINO~~considered ~~RESORTS~~held ~~FUNDING~~for sale when certain criteria are met, ~~INC~~including whether management (having the authority to approve the action) has committed to a plan to sell the asset, whether the asset is available for sale in its present condition and whether a sale of the asset is probable within one year of the reporting date. Long-lived assets that

~~NOTES~~12 ~~TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~(unaudited)~~ are classified as held for sale are reported at the lower of the assets’ carrying amount or fair value less costs related to the assets’ disposition and are no longer depreciated. The accompanying financial statements do not present certain long-lived assets of Trump Marina as assets held for sale and Trump Marina’s results of operations as a discontinued operation as all of the criteria required under SFAS 144 were not met as of the reporting date. Prior period amounts have been reclassified to conform to the current period presentation.

~~(1) Organization~~Noncontrolling ~~and~~Interest ~~Operations~~in Subsidiaries

~~The~~On ~~accompanying~~January 1, ~~condensed~~2009, ~~consolidated~~we ~~financial~~adopted ~~statements~~SFAS ~~include~~No. 160, “Noncontrolling ~~those~~Interests ofin ~~Trump~~Consolidated ~~Hotels~~Financial &Statements ~~Casino~~- ~~Resorts,~~An ~~Inc.,~~amendment aof ~~Delaware~~ARB ~~corporation~~No. 51” (“~~THCR~~SFAS 160”),. ~~Trump Hotels~~SFAS &160 ~~Casino~~amends ~~Resorts~~ARB ~~Holdings, L~~No.~~P.,~~ 51 ato ~~Delaware~~establish ~~limited~~accounting ~~partnership~~and ~~(“THCR~~reporting ~~Holdings”),~~standards for the noncontrolling interest in a subsidiary and ~~Subsidiaries~~for ~~(as~~the ~~defined~~deconsolidation ~~below)~~of a subsidiary. ~~THCR~~It ~~Holdings~~clarifies isthat ~~currently~~a ~~owned~~noncontrolling ~~approximately~~interest ~~63.4%~~in bya ~~THCR~~subsidiary, aswhich ~~both~~is asometimes ~~general~~referred ~~and~~to ~~limited~~as ~~partner~~minority interest, ~~and approximately~~is ~~36.6%~~an byownership ~~Donald~~interest J.in ~~Trump~~the ~~(“Trump”),~~consolidated entity that should be reported as equity ain ~~limited~~the ~~partner~~consolidated financial statements. ~~Trump’s~~Among ~~limited~~other ~~partnership~~requirements, ~~interest~~SFAS in160 ~~THCR~~requires ~~Holdings~~consolidated ~~represents~~net ~~his~~income ~~economic~~to ~~interests~~be inreported including the ~~assets~~amounts ~~and~~attributable ~~operations~~to ofboth ~~THCR~~the ~~Holdings~~parent and the noncontrolling interest. ~~Such~~It ~~limited~~also ~~partnership~~requires disclosure, ~~interest~~on isthe ~~convertible~~face atof ~~Trump’s~~the ~~option~~consolidated ~~into~~income 13statement,~~918,723~~ ~~shares~~of the amounts of ~~THCR’s~~consolidated ~~common~~net ~~stock,~~income ~~par~~attributable ~~value~~to $the parent and to the noncontrolling interest.01 ~~per~~We ~~share~~have (retrospectively applied the ~~“THCR~~presentation ~~Common~~and ~~Stock”)~~disclosure ~~(subject~~provisions toof ~~certain~~SFAS ~~adjustments),~~160 and have ifadopted ~~converted,~~its ~~would~~other ~~give~~provisions ~~Trump~~prospectively. ~~ownership~~We ofpresent 44Mr.~~5% of~~ Trump’s ~~the~~limited ~~THCR~~partnership ~~Common~~interest ~~Stock~~in ~~(including~~TER ~~his~~Holdings ~~current~~as ~~personal~~a ~~share~~noncontrolling ~~ownership)~~interest. orSee 46“Donald J.4% ~~(assuming~~Trump’s ~~currently~~Abandonment ~~exercisable~~of ~~options~~Limited ~~held~~Partnership byInterest ~~Trump~~in ~~were~~TER Holdings” ~~exercised)~~in Note 1. ~~Accordingly~~If we had not been required to adopt SFAS 160, ~~the~~pro ~~accompanying~~forma ~~condensed~~net ~~consolidated~~loss ~~financial~~attributable ~~statements~~to ~~include~~TER ~~those~~would ofhave ~~(i) THCR~~been $581,075 and ~~its~~$639,713 ~~63.4%~~for ~~owned~~the ~~subsidiary,~~three ~~THCR~~and ~~Holdings~~six months ended June 30, 2009, respectively. Pro forma net loss per basic and ~~(ii)~~diluted ~~THCR~~share ~~Holdings~~would have been $18.32 and ~~its~~$20.17 ~~wholly-owned~~for ~~subsidiaries~~the three and six months ended June 30, 2009, respectively.

~~All significant~~Reclassifications ~~intercompany balances and transactions have been eliminated in the accompanying condensed consolidated financial statements.~~

~~The~~Certain ~~accompanying~~other ~~condensed~~reclassifications ~~consolidated financial statements~~ have been ~~prepared~~made ~~without~~to ~~audit. In~~ the ~~opinion~~prior ofperiod ~~management,~~financial ~~all~~statements ~~adjustments,~~to ~~consisting~~conform ~~of only normal recurring adjustments necessary~~ to ~~present fairly~~ the ~~financial~~current ~~position,~~period ~~the results of operations and cash flows for the periods presented, have been made~~presentation.

~~The accompanying condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission~~ (~~“SEC”~~3). ~~Accordingly,~~Termination ~~certain~~of ~~information~~Trump ~~and~~Marina ~~note~~Asset ~~disclosures~~Purchase ~~normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States have been condensed or omitted.~~ Agreement

~~These~~On ~~condensed~~May 28, ~~consolidated~~2008, ~~financial~~Trump ~~statements~~Marina ~~should~~Associates, beLLC ~~read~~(“Seller”) inentered ~~conjunction~~into ~~with~~an Asset Purchase Agreement (the ~~consolidated~~“Marina ~~financial~~Agreement”) ~~statements~~to sell Trump Marina (the “Property”) to Coastal Marina, LLC (“Buyer”), an affiliate of Coastal Development, LLC (“Coastal”). Pursuant to the Marina Agreement, (1) Buyer was to acquire substantially all of the assets of, and ~~notes~~assume ~~thereto~~certain ~~included~~liabilities inrelated to, the ~~Registrants’~~business ~~Annual~~conducted ~~Report~~at onthe ~~Form~~Property ~~10-K~~and ~~for~~(2) unrelated existing litigation between the ~~year~~Company ~~ended~~and ~~December~~Coastal 31(see Note 10) was to be settled. Upon entering into the Marina Agreement, ~~2001~~Buyer ~~filed~~placed ~~with~~into escrow a $15,000 deposit toward the ~~SEC~~purchase price (the “Original Marina Deposit”).

~~The~~On ~~casino~~October 28, ~~industry~~2008, inthe ~~Atlantic~~parties ~~City~~entered ~~and~~into ~~Indiana~~an isamendment to the Marina Agreement (the “Marina Amendment”) ~~seasonal~~to inmodify ~~nature~~certain terms and conditions of the Marina Agreement. ~~Accordingly~~Pursuant to the Marina Amendment the parties waived the October 28, ~~results~~2008 ofdeadline ~~operations~~for Buyer to provide commitment letters to Seller for the ~~period~~financing ~~ended~~of ~~June~~the 30acquisition of the Property. In addition, ~~2002~~the ~~are~~parties agreed to amend certain provisions of the Marina Agreement, including, but not ~~necessarily~~limited ~~indicative~~to the following: (1) the aggregate purchase price payable for the Property was decreased from $316,000 to $270,000; (2) any potential reduction to the purchase price based on the EBITDA of the ~~operating~~business ~~results~~conducted at the Property was eliminated; (3) Seller could terminate the Marina Agreement if the transaction did not close by May 28, 2009; and (4) the Original Marina Deposit held in escrow, together with any interest earned thereon, was released to Seller immediately and an additional $2,000 deposit was placed in escrow (the “Additional Marina Deposit”), for a ~~full~~total ~~year~~deposit towards the purchase price of $17,000.

~~THCR,~~Coastal ~~THCR~~failed ~~Holdings~~to ~~and~~consummate ~~Trump~~the ~~Hotels~~transaction &within ~~Casino~~the ~~Resorts~~time ~~Funding,~~provided ~~Inc.,~~under athe ~~Delaware~~Marina ~~corporation~~Amendment. On ~~(“THCR~~June 1, ~~Funding”)~~2009, ~~have~~Seller nodelivered ~~operations~~notice ~~and their ability~~ to ~~service their~~Coastal ~~debt~~that isthe ~~dependent~~Marina onAgreement, ~~the~~as ~~successful~~amended ~~operations~~by of the ~~following~~Marina ~~subsidiaries~~Amendment ofwas ~~THCR~~terminated. ~~Holdings~~Pursuant (to the ~~“Subsidiaries”):~~Marina ~~(i) Trump Atlantic City Associates~~Amendment, aCoastal ~~New~~unconditionally ~~Jersey~~and ~~general~~irrevocably ~~partnership~~ (~~“Trump AC”~~i), agreed ~~which~~that isthe ~~comprised~~Original ofMarina ~~Trump~~Deposit, ~~Taj~~including ~~Mahal Associates~~interest, ahad ~~New~~been ~~Jersey~~fully ~~general~~earned ~~partnership~~by ~~(“Taj~~Seller ~~Associates”),~~ and ~~Trump~~under ~~Plaza~~no ~~Associates,~~circumstance awould ~~New~~the ~~Jersey~~Original ~~general~~Marina ~~partnership~~Deposit ~~(“Plaza~~be ~~Associates”);~~returned ~~(ii) Trump Indiana, Inc., a Delaware corporation (“Trump Indiana”);~~ and (~~iii~~ii) waived ~~Trump’s~~any ~~Castle~~claim ~~Associates,~~or ~~L.P.,~~right arelated ~~New~~to ~~Jersey~~the ~~limited~~Original ~~partnership~~Marina ~~(“Castle~~Deposit ~~Associates”)~~or ~~d/b/a~~for ~~Trump~~return ~~Marina~~of ~~Hotel Casino (“Trump Marina”)~~such. ~~THCR~~Accordingly, the ~~through~~Company ~~THCR~~recognized ~~Management~~income ~~Services, LLC, a wholly-owned, unrestricted subsidiary~~ of ~~THCR Holdings (“THCR Management”)~~$15,196 ~~also~~during ~~manages Trump 29 Casino located in~~ the ~~Palm~~second ~~Springs,~~quarter ~~California area pursuant to a five-year management agreement (the “Trump 29 Management Agreement”) with the Twenty-Nine Palms Band~~ of ~~Luiseno Mission Indians (the “29 Palms Tribe”)~~2009. The ~~Registrants’~~Company ~~ability~~did tonot ~~service~~recognize ~~their~~income ~~debt~~related ~~is also dependent upon the management fees generated pursuant~~ to the ~~Trump~~Additional 29Marina ~~Management~~Deposit ~~Agreement.~~remaining ~~THCR,~~in ~~through THCR~~escrow ~~Holdings~~since ~~and its subsidiaries, is~~ the ~~exclusive~~funds ~~vehicle~~have ~~through~~not ~~which~~been ~~Trump~~released ~~engages~~by inthe ~~new~~escrow ~~gaming activities in emerging and established gaming jurisdictions~~agent.

9On July 28, 2009, Buyer and Coastal filed an Adversary Complaint with the Bankruptcy Court, claiming that we breached the Marina Agreement and that they were fraudulently induced, and seeking return of the Original Marina Deposit and the Additional Marina Deposit and other alleged damages and relief. We believe that these claims are without merit.

~~Table~~13 ~~of Contents~~

~~TRUMP~~(4) ~~HOTELS~~Intangible &and ~~CASINO~~Other ~~RESORTS,~~Asset ~~INC.~~Impairment Charges

~~TRUMP~~Long-Lived ~~HOTELS~~Assets ~~& CASINO RESORTS HOLDINGS, L.P.~~

~~AND~~Due to certain events and circumstances, including the continuing negative effects of regional competition on our results, the termination of the Marina Agreement, the recent sale of the Tropicana Casino and Resort in Atlantic City and the legalization of table games and sports betting in Delaware, the Company performed impairment testing related to its long-lived assets in accordance with SFAS 144 during the second quarter of 2009. Based upon its review, the sum of the estimated undiscounted future cash flows expected to be generated by the long-lived asset groups of Trump Marina and Trump Plaza were less than the carrying values of those assets. We estimated the fair value of the asset groups based upon consideration of the cost, income and market approaches to value, as appropriate, and sought the assistance of an independent valuation firm. We recorded asset impairment charges related to Trump Marina and Trump Plaza totaling $536,233 during the three and six months ended June 30, 2009. These non-cash impairment charges are reflected within Intangible and other asset impairment charges in our consolidated statements of operations. In addition, in connection with our impairment testing, we reduced the estimated remaining useful life of Trump Plaza’s building to 20 years. A long-lived asset impairment charge was not recognized with respect to Trump Taj Mahal as the estimated undiscounted future cash flows expected to be generated by its long-lived asset group were greater than the carrying value of its assets. However, based upon current market conditions and management’s estimates, the carrying value of Trump Taj Mahal’s long-lived assets may exceed their fair value.

~~TRUMP~~Intangible ~~HOTELS~~Assets ~~& CASINO RESORTS FUNDING, INC.~~

~~NOTES~~Due TOto ~~CONDENSED~~the ~~CONSOLIDATED~~circumstances ~~FINANCIAL~~described above, we also performed interim impairment ~~STATEMENTS—~~testing related to our intangible assets in accordance with SFAS No. 142, “Goodwill and Other Intangible Assets” (~~Continued~~“SFAS 142”) during the second quarter of 2009. Based upon the results of our impairment testing, we determined that trademarks relating to Trump Plaza and Trump Taj Mahal were impaired. As a result, during the three and six months ended June 30, 2009, we recognized intangible asset impairment charges totaling $20,500, of which $3,720 related to Trump Taj Mahal trademarks and $16,780 related to Trump Plaza trademarks.

~~(unaudited)~~During the three and six months ended June 30, 2008, we recognized goodwill and other intangible asset impairment charges related to Trump Marina as a result of impairment tests performed in accordance with SFAS 142. The intangible asset impairment charges related to Trump Marina trademarks totaling $18,647 and goodwill totaling $2,296.

~~Basic~~These non-cash intangible asset impairment charges are reflected within Intangible and ~~Diluted~~other ~~Loss~~asset impairment ~~Per~~charges ~~Share~~in our consolidated statements of operations.

~~Basic~~The ~~earnings~~impairment ~~(loss)~~test ~~per~~procedures ~~share~~performed isin ~~based~~accordance onwith ~~the~~SFAS ~~weighted~~142 ~~average~~and SFAS ~~number~~144 ofrequire ~~shares~~management ofto ~~THCR~~make ~~Common~~comprehensive ~~Stock~~estimates ~~outstanding. Diluted earnings per share, with the exception~~ of the ~~three~~future ~~months~~cash ~~ended~~flows ~~June~~of ~~30,~~our ~~2002,~~reporting ~~are~~units. ~~the~~Due ~~same~~to asuncertainties ~~basic~~associated ~~earnings~~with ~~per~~such ~~share~~estimates, asactual ~~common~~results ~~stock~~could ~~equivalents~~differ ~~have~~from ~~not~~such ~~been included as they would be anti-dilutive~~estimates. ~~The~~A ~~shares~~continuation of ~~THCR’s~~the ~~Class B common stock, par value~~previously ~~$.01~~mentioned ~~per~~conditions ~~share~~may ~~(the~~result ~~“THCR Class B Common Stock”), owned by Trump have no economic interest and therefore are not considered~~ in the ~~calculation~~determination ofthat ~~weighted~~some ~~average~~or ~~shares~~all ~~outstanding. A reconciliation~~ of ~~the~~our ~~number~~remaining ofintangible ~~shares~~and ~~used~~long-lived inassets ~~the basic~~have ~~and~~become ~~diluted~~impaired, ~~earnings~~which ~~(loss)~~could ~~per~~result ~~share~~in ~~calculations~~additional isimpairment ascharges. ~~follows:~~

	Three Months Ended June 30,		Six Months Ended June 30,
	2001	2002	2001	2002
Weighted average common shares outstanding—basic	22,010,027	22,010,027	22,010,027	22,010,027
Dilutive effect of stock options computed under treasury stock method	—	51,735	—	—
Weighted average common shares outstanding—diluted	22,010,027	22,061,762	22,010,027	22,010,027

Fair Value Measurements

~~Options~~SFAS to157 establishes ~~purchase~~a ~~2,017,500~~hierarchy ~~shares~~that ~~were~~prioritizes ~~excluded~~fair ~~from~~value ~~the computation~~measurements ofbased ~~diluted~~on ~~earnings per share for~~ the ~~quarter~~types ~~ended~~of ~~June~~inputs ~~30,~~used ~~2002~~for as the ~~weighted~~various ~~exercise~~valuation ~~price~~techniques of(market ~~the~~approach, ~~option~~income ~~was~~approach ~~greater~~and ~~than~~cost ~~the~~approach). ~~average~~The ~~market~~levels ~~price~~ of ~~THCR~~the ~~stock~~hierarchy ~~during~~are ~~the~~described ~~quarter.~~ below:

~~Reclassifications~~• Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities.

~~Certain~~• ~~reclassifications~~Level ~~have~~2: ~~been~~Inputs ~~made~~other tothan ~~prior~~quoted ~~year~~prices ~~financial~~that ~~statements~~are toobservable ~~conform~~for to the ~~current~~asset ~~year~~or ~~presentation.~~liability, either directly or indirectly; these include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

10• Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions.

~~Table~~The fair value measurements relating to the long-lived assets of ~~Contents~~Trump Plaza and Trump Marina were determined using inputs within Level 2 of SFAS 157’s hierarchy. The fair value measurements relating to the trademarks of Trump Plaza and Trump Taj Mahal were determined using inputs within Level 3 of SFAS 157’s hierarchy. For level 3 fair value measurements, the Company used a relief from royalty method to estimate the fair value of the assets. The Company’s assessment of the significance of a particular input to the fair value measurement

~~TRUMP~~14 ~~HOTELS & CASINO RESORTS, INC.~~

~~TRUMP~~ requires ~~HOTELS~~judgment, &and ~~CASINO~~may ~~RESORTS~~affect ~~HOLDINGS~~the valuation of assets and liabilities and their placement within the fair value hierarchy. The amounts recorded related to the long-lived assets and trademarks are classified within net property and equipment and trademarks on the condensed consolidated balance sheet as of June 30, L2009.P.

~~AND~~(5) Debt

~~TRUMP~~Our ~~HOTELS~~debt &consists ~~CASINO~~of ~~RESORTS~~the ~~FUNDING, INC.~~ following:

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


	June 30, 2009			December 31, 2008
Senior Secured Credit Facility:
Term Loan - subject to compromise, matures December 21, 2012, interest and principal payments due quarterly at LIBOR plus 5.2%, which includes 2% default interest at June 30, 2009 (8.2% at June 30, 2009)	$	486,293		$	488,757

Senior Secured Notes - subject to compromise, due June 1, 2015, interest payable semi-annually at 8.5%, interest payments due June 1 and December 1		1,248,969			1,248,969

Other:
Capitalized lease obligations, payments due at various dates from 2009 through 2028, secured by slot and other equipment, interest at 4.3% to 12.0%		6,019			6,124

Total long-term debt		1,741,281			1,743,850
Less: current maturities		(1,735,458	)		(1,737,926	)

Long-term debt, net of current maturities	$	5,823		$	5,924

Event of Default – As discussed in Note 1, on February 17, 2009, the Debtors filed voluntary petitions in the Bankruptcy Court seeking relief under the provisions of chapter 11 of the Bankruptcy Code. The filing of the Chapter 11 Case constituted an event of default and therefore triggered repayment obligations under the $493,250 senior secured facility entered into by the Company on December 21, 2007 (~~unaudited~~the “2007 Credit Facility”) and the $1,250,000 of Senior Secured Notes issued by TER Holdings and its wholly owned finance subsidiary, Trump Entertainment Resorts Funding, Inc. (“TER Funding”) on May 20, 2005 (the “Senior Notes”). As a result, all indebtedness outstanding under the Senior Notes and the 2007 Credit Facility (which has a cross-default provision with the Senior Notes) became automatically due and payable. Under the Bankruptcy Code, actions to collect pre-petition indebtedness, as well as most pending litigation, are stayed and other contractual obligations against the Debtors generally may not be enforced. Absent an order of the Bankruptcy Court, substantially all pre-petition liabilities are subject to settlement under a plan of reorganization to be approved by the Bankruptcy Court. Consequently, the Company has classified the indebtedness under the Senior Notes and the 2007 Credit Facility within current liabilities in its Condensed Consolidated Balance Sheets.

In addition, until such time as no event of default exists, (2i) ~~Financial~~ the ~~Information~~interest rate on the Senior Notes increases by an additional 1% per annum in excess of the 8.5% interest rate on any overdue principal or interest relating to the Senior Notes (as of June 30, 2009, we are past due on our December 1, 2008 and June 1, 2009 interest payments) and (ii) the interest rate under the 2007 Credit Facility increases by an additional 2% in excess of the otherwise applicable interest rate on amounts outstanding under the 2007 Credit Facility.

Financial information relating to THCR Funding is as follows:
	December 31,2001		June 30,2002
			(unaudited)
Total Assets (including THCR Holdings’ 15½% Senior Secured Notes due 2005 (“the Senior Notes”) receivable of $145,000,000 at December 31, 2001 and June 30, 2002) (a)	$	154,252,000	$	145,936,000
Total Liabilities and Capital (including $145,000,000 of Senior Notes due 2005)	$	154,252,000	$	145,936,000

Senior Secured Credit Facility – On December 21, 2007, TER and TER Holdings entered into the 2007 Credit Facility. Under the 2007 Credit Facility, TER Holdings borrowed $393,250 which was to be used to (i) refinance all amounts outstanding under its Credit Agreement dated May 20, 2005 (the “2005 Credit Facility”), (ii) pay fees and expenses incurred in connection with the 2007 Credit Facility and the refinancing of the 2005 Credit Facility, (iii) fund construction of the Chairman Tower at Trump Taj Mahal, and (iv) provide financing for working capital, capital expenditures and other general corporate purposes.

	Six Months Ended June 30,
	2001		2002
Interest Income from THCR Holdings	$	11,238,000	$	11,238,000
Interest Expense		11,238,000		11,238,000
Net Income	$	—		—

In connection with the Marina Agreement, TER Holdings entered into an amendment, dated as of May 29, 2008, to the 2007 Credit Facility pursuant to which (i) the 2007 Credit Facility lenders consented to the sale of Trump Marina, subject to the satisfaction of certain conditions, (ii) the applicable interest rate margins payable on amounts outstanding under the 2007 Credit Facility would have increased had the transactions contemplated by the Marina Agreement closed, and (iii) TER Holdings agreed to pay amendment fees equal to one percent of the amount of the 2007 Credit Facility.

~~(a)~~Borrowings ~~THCR~~under ~~Enterprises,~~the 2007 ~~LLC,~~Credit Facility are secured by a ~~wholly-owned~~first ~~subsidiary~~priority security interest in substantially all of ~~THCR~~the assets of TER Holdings, ~~purchased~~and ~~$35,500,000~~it subsidiaries. TER Holdings’ obligations under the 2007 Credit Facility are guaranteed by TER and certain of ~~these~~its direct ~~Senior~~and ~~Notes~~indirect ~~during~~subsidiaries. ~~2000~~We ~~having~~and anour ~~aggregate~~subsidiaries ~~principal~~are ~~amount~~subject to a number of ~~$35,500,000~~affirmative and negative covenants. The 2007 Credit Facility restricts our ability to make certain distributions or pay dividends.

~~(3) Other~~15 ~~Assets~~

~~Plaza~~Senior ~~Associates~~Secured isNotes ~~appealing~~– aOn ~~real~~May 20, ~~estate~~2005, ~~tax~~TER ~~assessment~~Holdings byand ~~the~~TER ~~City~~Funding ofissued ~~Atlantic~~the ~~City~~Senior Notes. AtThe ~~December~~Senior ~~31,~~Notes ~~2001~~were used to pay distributions under the Second Amended and ~~June~~Restated Joint Plan of Reorganization, dated as of March 30, ~~2002~~2005, ~~other~~as ~~assets~~amended ~~include~~(the $8“2005 Plan”) of Trump Hotels & Casino Resorts,~~014~~ Inc. (“THCR”),~~000~~ our predecessor company. The Senior Notes due June 1, ~~which Plaza~~2015, ~~Associates~~bear ~~believes~~interest ~~will~~at be8.5% per ~~recoverable~~annum, onsubject to the ~~settlement~~increase by an additional 1% per annum as discussed above. $1,031 of the ~~appeal~~Senior Secured Notes were returned to us under the terms of the 2005 Plan and retired.

~~During~~$730,000 of the ~~six~~aggregate ~~months~~principal ~~ended~~amount ~~June 30,~~of ~~2002,~~the ~~Trump~~Senior ~~Indiana~~Notes ~~paid~~is ~~sales~~nonrecourse to ~~tax~~the ~~assessed~~issuers byand to the ~~State~~partners of ~~Indiana~~TER ~~relating~~Holdings ~~to its vessel in~~ (the ~~amount~~“Qualified ofPortion”). $1520,~~800,~~000. Asof ~~this~~the ~~assessment~~aggregate isprincipal ~~being~~amount ~~appealed~~of bythe ~~Trump~~Senior ~~Indiana,~~Notes itis ~~has~~recourse ~~been~~to ~~included~~the inissuers ~~other~~and ~~assets.~~to ~~Trump~~TER, ~~Indiana~~in ~~believes~~its ~~that~~capacity ~~the $1,800,000~~as ~~will~~general bepartner ~~recoverable~~of onTER ~~settlement~~Holdings of (the “Non-Qualified ~~appeal~~Portion”).

~~(4) Volume~~The ~~Based~~Non-Qualified ~~Cash~~Portion ~~Rebates~~and Qualified Portion are recalculated on a periodic basis no less frequently than annually based on certain tax considerations, provided that in no event will the Qualified Portion exceed $730,000 in aggregate principal amount of Senior Notes.

InTER ~~January~~Funding ~~2001,~~has ~~the~~no ~~Emerging~~assets, ~~Issues Task Force (EITF) reached a consensus on certain issues within Issue No. 00-22~~operations, ~~“Accounting~~ ~~for~~revenues ~~‘Points’ and Certain Other Time-Based~~ or ~~Volume-Based~~cash ~~Sales~~flows ~~Incentive~~other ~~Offers,~~than ~~and~~those ~~Offers~~related ~~for Free Products or Services~~ to ~~Be Delivered in~~ the ~~Future~~issuance,” ~~(EITF~~administration ~~00-22).~~and ~~Application~~repayment of ~~EITF~~our ~~00-22~~Senior ~~is required for~~Notes. ~~interim~~All ~~and~~other ~~annual~~subsidiaries ~~periods~~of ~~ending~~TER ~~after February 15~~Holdings, ~~2001.~~except ~~EITF~~a ~~00-22~~minor ~~requires volume~~non-~~based~~guarantor ~~cash~~subsidiary ~~rebates~~(the to“Guarantors”), beare ~~classified~~guarantors ~~as a reduction~~ of ~~revenue.~~the ~~Accordingly,~~Senior ~~such~~Notes ~~additional~~on ~~rebates~~a ofjoint ~~$29,125,000~~ and ~~$58,485,000~~several inbasis. ~~the~~TER ~~three~~Holdings and ~~six~~TER ~~months, respectively,~~Funding ~~ended June 30, 2001~~ have ~~been~~no ~~reclassified~~independent asassets ~~promotional~~or ~~allowances.~~operations ~~THCR~~from the ~~previously classified these expenditures as a gaming expense~~Guarantors. ~~Prior~~Therefore, ~~period~~condensed ~~amounts~~consolidating ~~have~~financial ~~been~~statements ~~reclassified~~are tonot ~~conform with the current presentation~~presented.

11The Senior Notes are senior obligations of the issuers and are guaranteed on a senior basis by the Guarantors and rank senior in right of payment to the issuers’ and Guarantors’ future subordinated indebtedness. The Senior Notes are secured by substantially all of our real property and incidental personal property, subject to liens securing amounts borrowed under the 2007 Credit Facility and certain permitted prior liens. Because amounts borrowed under the 2007 Credit Facility are secured by substantially all the assets of the issuers and the Guarantors on a priority basis, the Senior Notes are effectively subordinated to amounts borrowed under the 2007 Credit Facility.

~~Table~~(6) ofEarnings ~~Contents~~Per Share

~~TRUMP~~The ~~HOTELS~~computations &of ~~CASINO~~basic ~~RESORTS,~~and diluted ~~INC.~~net loss per share attributable to TER common stockholders are as follows:

TRUMP HOTELS & CASINO RESORTS HOLDINGS, L.P.


	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands, except share and per share data)	2009			2008			2009			2008
Numerator for basic and diluted loss per share:
Net loss attributable to TER common shareholders	$	(443,092	)	$	(29,821	)	$	(493,247	)	$	(48,469	)


Denominator for basic and diluted loss per share:
Weighted average shares outstanding		31,715,876			31,705,251			31,716,484			31,628,703


Basic and diluted net loss per share	$	(13.97	)	$	(0.94	)	$	(15.55	)	$	(1.53	)

~~AND~~For the three and six months ended June 30, 2009 and 2008, potentially dilutive common shares excluded from the computation of diluted net loss per share due to anti-dilution are as follows:

TRUMP HOTELS & CASINO RESORTS FUNDING, INC.


	Three Months Ended June 30,		Six Months Ended June 30,
	2009	2008	2009	2008
Exchangeable limited partnership interest	9,377,484	9,377,484	9,377,484	9,377,484
Ten year warrants	1,446,706	1,446,706	1,446,706	1,446,706
Employee stock options	300,000	300,000	300,000	300,000

Total	11,124,190	11,124,190	11,124,190	11,124,190

~~NOTES~~If the Plan is approved under the Chapter 11 Case, new common stock or common stock equivalents TOwill ~~CONDENSED~~be ~~CONSOLIDATED~~issued ~~FINANCIAL~~and ~~STATEMENTS—(Continued)~~current stockholders will not be entitled to any recovery.

~~(unaudited)~~16

(57) ~~Debt~~ ~~Renegotiation~~Stock-based ~~Costs~~Compensation Plans

~~The~~Our ~~Company~~shareholders approved ~~previously~~the ~~announced~~2005 ~~its~~Incentive ~~intention~~Award toPlan ~~refinance or modify~~ (the ~~terms~~“2005 ofStock ~~THCR’s~~Plan”) ~~and~~allowing ~~its~~for ~~subsidiaries’~~incentive ~~public~~stock ~~debt~~options, ~~issues~~nonqualified ~~having~~stock ~~an outstanding aggregate principal amount of approximately $1~~options,~~700,000,000~~ asrestricted ~~of June 30~~stock, ~~2002.~~stock ~~During~~appreciation ~~the six months ended June 30~~rights, ~~2002,~~performance ~~debt~~shares ~~renegotiation~~and ~~costs~~other ofstock-based ~~$3,064,000~~awards ~~were~~to ~~incurred:~~our $1officers,~~570~~ employees,~~000~~ byconsultants ~~Trump~~and ACindependent ondirectors. ~~its~~A ~~$1,300,000,000~~total ~~outstanding~~of ~~debt~~4, ~~$1,127,~~000 ~~by Trump Marina~~, ~~$284,~~000 byshares ~~Trump~~of ~~Indiana,~~Common ~~and~~Stock ~~$83,000 by THCR Holdings. Accordingly, the debt renegotiation costs~~ have been ~~expensed~~reserved infor the ~~accompanying~~issuance ~~Statements~~ of ~~Operations.~~awards ~~THCR~~available ~~and~~for ~~its~~grant ~~subsidiaries~~under ~~will~~the ~~continue~~2005 toStock ~~seek to refinance certain debt when market conditions are favorable~~Plan.

In accordance with the revised provisions of SFAS No. 123, “Share Based Payment” (6“SFAS 123R”) ~~THCR~~, ~~Management~~general ~~Services~~and administrative expenses include compensation expense for our stock option and restricted stock awards of $335 and $756 for the three and six months ended June 30, 2009, respectively, and $814 and $1,541 for the three and six months ended June 30, 2008, respectively.

AsRestricted ~~previously~~Stock ~~reported,~~– onAt ~~April 15~~June 30, ~~2002~~2009, ~~THCR~~there ~~Management~~were ~~received~~445,531 ~~approval~~shares ~~from the National Gaming Commission~~ of ~~the~~nonvested ~~Trump~~restricted ~~29 Management~~stock ~~Agreement~~issued ~~with the 29 Palms Tribe~~and outstanding. ~~Under~~The ~~the~~remaining ~~Trump~~unrecognized 29compensation ~~Management~~expense ~~Agreement,~~for ~~THCR~~nonvested ~~Management~~restricted ~~manages~~stock ~~the day-~~to~~-day~~ ~~operations~~be ofrecognized over the ~~Tribe’s~~remaining ~~recently~~contractual ~~renovated~~life ~~and~~was ~~expanded casino renamed Trump 29 Casino, which opened on April 2, 2002~~$778. AnThe ~~additional~~weighted-average ~~expansion~~remaining ~~adding~~contractual ~~dining,~~life ~~entertainment, and more gaming space is scheduled for completion in September~~ of ~~this~~outstanding ~~year.~~restricted ~~During~~stock ~~the~~grants ~~three and six months ended~~ at June 30, ~~2002,~~2009 ~~THCR~~was ~~Management earned $1,114,000 in management fees (included in other revenues) and incurred $122,000 associated general and administrative costs and~~ approximately ~~$360,000~~one ~~in pre-opening costs (included in general and administrative expenses) pursuant to the Trump 29 Management Agreement~~year.

~~(7) Subsequent~~Stock ~~Events~~Options – At June 30, 2009, there were 300,000 stock options outstanding of which 100,000 are fully vested and 200,000 which vest in equal increments on July 31, 2009 and 2010. At June 30, 2009, the remaining unrecognized compensation expense for nonvested stock options to be recognized over the remaining contractual life was $223.

~~On July 3, 2002, the State of New Jersey passed the New Jersey Tax Act~~ (~~the “Act”~~8). This Act, among other things, requires the suspension of the use of the New Jersey net operating loss carryforwards for two years and the introduction of a new alternative minimum assessment under the New Jersey corporate business tax based on gross receipts or gross profits, as defined. The Act is retroactive to January 1, 2002. As a result of the change in tax law, THCR has preliminarily estimated that it will record a charge to income tax expense of approximately $3,000,000 to $5,000,000 for the year ended December 31, 2002. This charge will be recorded beginning in the period in which the tax law was passed (third quarter) pursuant to the accounting literature in Financial Accounting Standards Board Statement Number 109, “Accounting for Income Taxes.”

OnOur ~~July~~income ~~10,~~tax ~~2002,~~benefit consistent with the Contribution Agreement, dated June 12, 1995, between Trump and THCR Holdings, Trump granted, at no cost, to THCR Holdings a one-year option (the “Option”) to purchase Trump’s 350,000 shares of common stock (the “RHC Shares”) of Riviera Holdings Corporation (“RHC”). RHC is ~~the~~as ~~owner and operator of the Riviera Hotel & Casino located in Las Vegas, Nevada. The Option is exercisable at a purchase price equal to the greater of~~follows: ~~(i) Trump’s cost of acquiring the RHC Shares ($2,275,000 plus incurred brokerage commissions) or (ii) the fair market value~~ of the RHC Shares based upon the 20 trading day average closing price of the shares of common stock of RHC as reported on the American Stock Exchange preceding the exercise of the Option. On July 10, 2002, Trump and THCR jointly filed a Schedule 13D therein reflecting Trump’s purchase of the RHC Shares and THCR’s beneficial ownership of the RHC Shares by virtue of the Option.

On July 12, 2002, Trump’s Castle Associates redeemed Trump’s Castle Funding, Inc.’s $62,000,000 principal amount 10-1/4% Senior Secured Notes due 2003 (the “Castle Senior Notes”) and Trump’s Castle Hotel & Casino, Inc.’s $5,000,000 principal amount 10-1/4% Working Capital Loan due 2003 (the “Castle Working Capital Loan”). The Castle Senior Notes and Castle Working Capital Loan were redeemed with the net proceeds of a $70,000,000 term credit facility (the “Term Credit Facility”) entered into by Trump’s Castle Associates on June 12, 2002. The Term Credit Facility matures on November 1, 2003, bears interest at a floating rate based on the Eurodollar rate (LIBOR based) (7.375% as of July 12, 2002), and is secured by substantially all of the assets of Trump’s Castle Associates on a first priority basis.


	Three Months Ended June 30,						Six Months Ended June 30,
	2009			2008			2009			2008
Current - federal	$	—		$	—		$	—		$	—
Deferred - federal		(6,079	)		(4,543	)		(6,079	)		(4,543	)

Federal income tax benefit		(6,079	)		(4,543	)		(6,079	)		(4,543	)


Current - state		—			—			—			—
Deferred - state		(2,245	)		(1,678	)		(2,245	)		(1,678	)

State income tax benefit		(2,245	)		(1,678	)		(2,245	)		(1,678	)


	$	(8,324	)	$	(6,221	)	$	(8,324	)	$	(6,221	)

OnOur ~~August~~deferred 5,income ~~2002,~~tax ~~dockside~~provision ~~gaming~~reflects ~~was~~the ~~implemented~~impact atof ~~Trump~~a ~~Indiana~~reduction ~~pursuant~~in toour ~~recently~~net ~~enacted~~deferred ~~legislation~~tax liabilities. ~~Dockside~~The ~~gaming~~difference ~~eliminates~~between ~~the~~TER’s ~~requirement~~and toTER ~~cruise,~~Holdings’ ~~provides~~tax ~~patrons~~provision ~~continual~~is ~~access~~due to ~~the~~ ~~Trump~~TER’s ~~Indiana~~status ~~vessel~~as ~~during~~a ~~gaming~~corporation ~~hours~~for ~~and~~federal ~~increases~~income ~~the gaming day by one hour~~taxes.

12At June 30, 2009, we had unrecognized tax benefits of approximately $34,400, including interest. In accordance with SFAS No. 141 (Revised 2007), “Business Combinations” (“SFAS 141(R)”), which we adopted on January 1, 2009, $19,977 of unrecognized tax benefits would affect our effective tax rate for continuing operations, if recognized, and $1,180 would be recorded as a reduction to income tax expense for discontinued operations, if recognized. It is reasonably possible that certain unrecognized tax benefits related to income tax examinations totaling $8,348 could be settled during the next twelve months.

~~Table~~We recognize interest accrued related to unrecognized tax benefits in interest expense and penalties as a component of ~~Contents~~income tax expense. We recognized potential interest associated with uncertain tax positions of $570 and $1,150 during the three and six months ended June 30, 2009, respectively, and $753 and $1,414 during the three and six months ended June 30, 2008, respectively. At June 30, 2009, we had $10,140 accrued for the payment of interest on uncertain tax positions. In accordance with SFAS 141(R), to the extent interest is not assessed with respect to uncertain tax positions, amounts accrued will be reduced and reflected as a reduction of interest expense.

~~ITEM~~17 ~~2—MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND~~

~~RESULTS~~Federal OFand ~~OPERATIONS~~State Income Tax Audits

~~This~~Tax ~~report~~years ~~includes~~2005 ~~“forward-looking~~through ~~statements”~~2008 ~~within~~remain ~~the~~subject ~~meaning~~to ofexamination ~~Section~~by ~~21E of~~ the ~~Securities~~federal ~~Exchange~~tax ~~Act of 1934~~authority. ~~All~~We ~~statements~~have ~~other~~received ~~than~~notification ~~statements~~that ~~of historical facts included in this report regarding~~ the ~~prospects~~Internal ofRevenue ~~our~~Service industry or our prospects, plans, financial position or business strategy, may constitute forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking words such as (“~~may,~~IRS”) ~~“will,”~~has ~~“expect,”~~started ~~“intend,”~~an ~~“estimate,”~~examination ~~“anticipate,” “believe,” “plans,” “forecasts,” “continue” or “could” or the negatives~~ of ~~these~~tax ~~terms~~year ~~or variations of them or similar terms~~2005. ~~Although we believe that the expectations reflected in these forward-looking statements are~~ ~~reasonable,~~Tax weyears ~~cannot~~1995 ~~assure~~through ~~you~~2008 ~~that~~remain ~~these~~subject ~~expectations~~to ~~will~~examination ~~prove~~by tostate betax ~~correct~~jurisdictions. ~~Important~~We ~~factors~~have ~~that~~received ~~could~~notification ~~cause actual results to differ materially from our expectations include business, competition, regulatory and other uncertainties and contingencies discussed in this report~~ that are difficult or impossible to predict and which are beyond our control. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the ~~cautionary~~New ~~statements~~Jersey ~~included~~Division inof ~~this~~Taxation ~~document.~~has ~~These~~started ~~forward-looking~~an ~~statements~~examination ~~speak only as~~ of ~~the~~tax ~~date~~years of2004 ~~this~~through ~~report~~2007. ~~We do not intend to update these statements unless the securities laws require us to do so.~~

InAt ~~this section~~June 30, ~~the words “Company~~2009,” “we,” ~~“our,”~~have ~~“ours,”~~accrued ~~and “us”~~$912 ~~refer~~ to ~~Trump~~reflect ~~Hotels~~the &expected ~~Casino~~federal ~~Resorts,~~tax ~~Inc.~~liability (~~“THCR”~~including interest) ~~and~~for ~~its~~the ~~wholly~~period ~~owned~~from ~~subsidiary~~January 1, ~~Trump Hotels & Casino Resorts Holdings, L.P. (“THCR Holdings”) and its wholly-owned subsidiaries, unless otherwise~~2005 ~~noted.~~through WeDecember 21, ~~through one or more wholly-owned subsidiaries~~2005, ~~own~~the ~~and~~date ~~operate four casinos. Three~~ of the ~~four~~sale ~~casinos~~of ~~are~~our ~~located~~former ~~in Atlantic City~~subsidiary, ~~New Jersey: (i) the~~ Trump ~~Plaza Hotel and Casino (“Trump Plaza”)~~Indiana, ~~(ii)~~Inc. ~~the~~to ~~Trump~~Majestic ~~Taj~~Star ~~Mahal~~ Casino, ~~Resort~~LLC (~~the~~ “~~Taj~~Majestic ~~Mahal~~Star”) ~~and (iii) the Trump Marina Hotel Casino (“Trump Marina~~,” ~~and~~resulting ~~together~~from ~~with~~agreed ~~the~~upon ~~Trump~~IRS ~~Plaza~~audit ~~and~~adjustments ~~the~~for ~~Taj~~1996 ~~Mahal,~~through ~~“the Trump Atlantic City Properties”)~~2004. ~~The~~Additionally, ~~fourth~~we have isaccrued a ~~riverboat~~liability ~~casino docked~~of in$565 ~~Buffington~~related ~~Harbor~~to ~~on Lake Michigan in Indiana (~~the ~~“Indiana~~impact ~~Riverboat,”~~on ~~and~~state ~~together~~income ~~with~~taxes ~~the~~(including ~~Trump~~interest) ~~Atlantic~~resulting ~~City~~from ~~Properties,~~agreed ~~the~~upon ~~“Trump~~IRS ~~Casino~~audit ~~Properties”).~~adjustments Wefor ~~also~~1996 ~~manage,~~ through ~~THCR Management~~December 21, ~~Trump~~2005. 29In ~~Casino located~~accordance inwith the ~~Palm~~terms ~~Springs,~~of ~~California~~our ~~area~~Stock ~~pursuant~~Purchase toAgreement with ~~the~~Majestic ~~Trump~~Star, 29TER ~~Management~~Holdings ~~Agreement~~has ~~with~~retained the 29liability ~~Palms~~for ~~Tribe.~~expected ~~Terms~~federal ~~not~~and ~~defined~~state inincome ~~this~~taxes ~~section~~(including ~~shall~~interest) ~~have~~related ~~the meanings ascribed~~ to ~~them~~Trump ~~elsewhere~~Indiana infor ~~this~~the ~~Quarterly~~tax ~~Report~~years on1995 ~~Form~~through ~~10-Q~~December 21, 2005.

~~General~~From 2002 through 2006, state income taxes for our New Jersey operations were computed under the alternative minimum assessment method. We have asserted our position that New Jersey partnerships were exempt from these taxes and, as such, have not remitted payments of the amounts provided. The New Jersey Division of Taxation has issued an assessment to collect the unpaid taxes for the tax years 2002 and 2003. At June 30, 2009, we have accrued $29,820 for taxes and interest relating to this alternative minimum tax assessment for 2002 and 2003, as well as the open years 2004 through 2006. We are currently in discussions with the New Jersey Division of Taxation regarding settlement of these assessments.

~~Our~~Potential ~~business~~Chapter is11 ~~subject~~Case ~~to a variety of risks~~ and ~~uncertainties,~~Limited ~~some~~Partnership ofAbandonment ~~which are discussed below.~~ Implications

~~The~~If the Company’s ~~Has~~debt ~~Substantial~~is ~~Indebtedness~~reduced or restructured as a result of the Chapter 11 Case, the Company anticipates that it would recognize “cancellation of indebtedness” income, and as a result, the Company could be required to reduce certain tax attributes such as net operating losses (“NOLs”) and the tax basis of its assets. Any such reduction could result in increased future tax liabilities for the Company. Additionally, the utilization of NOLs, if any, may be limited pursuant to Section 382 of the Internal Revenue Code. Furthermore, if Mr. Trump’s abandonment of his limited partnership interest (as discussed in Note 1) is deemed to be effective for tax purposes, the Company could be required to further reduce certain tax attributes such as NOLs and adjust the tax basis of its assets.

~~The~~Tax ~~Company~~Distributions has substantial indebtedness. At June 30, 2002, the Company’s long-term debt was approximately $1.9 billion and its ratio of debt to capital was approximately 22.5 to 1. Interest expense as a percentage of net revenues was 18.8% and 18.0% for the six months ended June 30, 2001 and 2002, respectively.

~~The~~TER ~~Company~~Holdings’ ~~previously~~partnership agreement ~~announced~~requires ~~its~~distributions ~~intention~~ to ~~refinance or modify the terms of THCR’s and~~ its ~~subsidiaries’~~partners ~~public~~sufficient ~~debt~~in ~~issues.~~amount Onto ~~July~~cover ~~12,~~all ~~2002~~federal, ~~Trump’s~~state ~~Castle Associates refinanced the Castle Senior Notes~~ and ~~Castle~~local ~~Working~~income ~~Capital~~taxes ~~Loan~~incident ~~with the net proceeds of the Term Credit Facility. The primary reason~~ to ~~refinance~~ ~~or modify THCR’s and its subsidiaries public debt issues is to extend~~ their ~~maturity~~ownership ~~date (especially~~ of ~~the~~TER ~~debt~~Holdings, ~~maturing~~including inspecial ~~2003)~~allocations ~~and to reduce the high levels~~ of interest expense associated with such indebtedness. Reducing interest expense could permit the Company to devote more resources to capital expenditures at the Trump Casino Properties. Capital expendituresincome, ~~such as room refurbishments~~gains, ~~and entity upgrades and new gaming equipment~~losses, ~~are~~deductions ~~necessary to preserve the competitiveness of the Trump Casino Properties. The Atlantic City market is very competitive~~ and ~~is anticipated to become more competitive in the future, especially when the Borgata opens in the third quarter of 2003 (as discussed below)~~credits. ~~Management~~TER ~~believes~~Holdings ~~that~~made ~~the~~distributions ~~Company~~of ~~must~~$430 ~~provide~~ for ~~capital~~the ~~expenditures~~six ~~that~~months itended ~~believes~~June 30, ~~are necessary to compete effectively~~2008. ~~Management~~As ~~believes,~~of ~~however~~June 30, ~~that~~2009, ~~based~~TER ~~upon~~Holdings ~~its~~recorded ~~current~~distributions ~~cash~~payable ~~flow~~of ~~forecasts for 2002, THCR and its subsidiaries will have sufficient cash flows to meet their respective debt service and operating expense requirements throughout 2002~~$430. ~~See “Liquidity and Capital Resources” and “Item 5. Other Information.”~~

~~The~~(9) ~~ability~~Commitments ~~of THCR Holdings~~ and its subsidiaries to service the debt on which they are obligated depends primarily on the ability of the Trump Casino Properties to generate cash from operations and Trump 29 Casino to generate management fees sufficient for such purposes. The ability to pay the principal payments at maturity depends on the Company’s ability to refinance such indebtedness. The Trump Atlantic City Properties themselves have substantial indebtedness and debt service requirements. The future operating performance of the Trump Casino Properties is subject to general economic conditions, Contingencies

13Casino Reinvestment Development Authority Obligations – Pursuant to the provisions of the Casino Control Act, we must either obtain investment tax credits, as defined in the Casino Control Act, in an amount equivalent to 1.25% of our gross casino revenues, as defined in the Casino Control Act, or pay an alternative tax of 2.5% of our gross casino revenues. Investment tax credits may be obtained by making qualified investments, as defined in the Casino Control Act, or by depositing funds which may be converted to bonds by the Casino Reinvestment Development Authority (“CRDA”), both of which bear interest at two-thirds of market rates resulting in a fair value lower than cost. Certain of our subsidiaries are required to make quarterly deposits with the CRDA to satisfy their investment obligations. We recognized expense of $835 and $1,670 during the three and six months ended June 30, 2009, respectively, and $972 and $1,984 during the three and six months ended June 30, 2008, respectively, to give effect to the below market interest rates associated with CRDA deposits and bonds. In addition, due to the receipt of proceeds during 2009 which, as discussed below, were funded by certain of our CRDA deposits, we recognized $2,514 of income representing the reversal of previously recognized expense.

~~Table~~During March 1999, Trump Taj Mahal, Trump Plaza, Trump Marina (collectively, the “Trump Entities”) and the CRDA entered into an Investment Agreement pursuant to which the Trump Entities agreed to donate $5,000 from certain of ~~Contents~~their CRDA deposits to establish a Housing Construction Financing Fund (the “Fund”). The Fund was established for a ten-year period and functioned as a supporting mechanism of the CRDA’s housing initiatives. At the end of the Fund’s ten-year term, the $5,000 donation was to be returned to the Trump Entities. During April 2009, we received $5,000 from the CRDA in accordance with the Investment Agreement.

~~industry~~NJSEA ~~conditions,~~Subsidy ~~including~~Agreement ~~competition~~– ~~and~~In ~~regulatory~~April ~~matters~~2004, ~~and numerous other factors, many of which are unforeseeable or are beyond~~ the ~~control~~ ofcasinos ~~the~~located ~~Trump~~in ~~Casino~~Atlantic ~~Properties.~~City There can be no assurance that the future operating performance of the Trump Casino Properties will be sufficient to generate the cash flows required to meet the debt service obligations of the Trump Casino Properties or THCR Holdings. The ability of the Trump Casino Properties and THCR Holdings to pay the principal amount of their public debt at maturity (~~whether scheduled or by acceleration thereof~~“Casinos”) ~~is primarily dependent upon their ability to obtain refinancing. There is also no assurance that the general state of the economy~~, ~~the~~including ~~status~~our ofAtlantic ~~the~~City ~~capital markets generally~~casinos, orexecuted ~~the~~an ~~receptiveness~~agreement of(“2004 ~~the~~NJSEA ~~capital~~Subsidy ~~markets~~Agreement”) towith the ~~gaming~~New ~~industry in general or to the Company in particular will be~~Jersey ~~conducive~~Sports toand ~~refinancing debt at any given time.~~

~~Trump’s~~18 Castle Associates has substantial indebtedness maturing in 2003. If it were unable to refinance its indebtedness for any reason, it would likely have a material adverse effect on our financial condition.

~~The~~ Exposition ~~ability~~Authority of(“NJSEA”) and the ~~Trump~~CRDA. ~~Casino~~The ~~Properties~~2004 toNJSEA ~~distribute~~Subsidy ~~funds~~Agreement toprovides ~~THCR~~that ~~Holdings~~the ~~for~~Casinos, ~~purposes~~on ofa ~~THCR~~pro ~~Holdings~~rata ~~making~~basis ~~interest~~according ~~payments~~to ontheir gross ~~its~~revenues, ~~indebtedness~~shall ispay ~~also~~in ~~limited~~cash byand ~~various~~donate ~~covenants~~from ~~that~~the ~~bind such~~regular ~~companies,~~payment ~~including~~of ~~financial~~their ~~ratios~~CRDA ~~that~~obligations ~~require~~a ~~certain~~total ~~levels~~ of ~~cash~~$86,000 ~~flow~~in befour ~~achieved~~annual asinstallments ain ~~condition~~October toof ~~the~~each ~~distribution~~ of ~~funds~~2004 through 2007 to ~~THCR~~the ~~Holdings~~NJSEA. ~~Under~~It ~~such~~required ~~restrictions,~~that ~~there~~the ~~can~~funds be noused ~~assurances~~by ~~that~~the ~~THCR~~NJSEA through ~~Holdings~~December 31, ~~will~~2008 beto ~~provided with~~enhance ~~funds~~purses, ~~from~~fund ~~its~~breeders’ ~~subsidiaries~~awards ~~sufficient~~and toestablish ~~pay~~account ~~interest~~wagering onat ~~its~~New ~~indebtedness~~Jersey ifhorse ~~operating~~racing ~~results~~tracks. ~~were~~Our toportion ~~deteriorate~~of this industry obligation was approximately 23%.

WeThe Do2004 ~~Not~~NJSEA ~~Know~~Subsidy ~~How~~Agreement further provided for a moratorium until January 2009 on the ~~Borgata~~conduct of casino gaming at any New Jersey racetrack and conditioned the donation of the CRDA funds upon the enactment and funding of the Casino Expansion Fund Act which made funds available, ~~When~~on ~~Opened~~a pro rata basis, ~~Will~~to ~~Affect~~each Usof the Casinos for investment in eligible projects in Atlantic City approved by the CRDA. In September 2006, the CRDA approved the construction of the Chairman Tower at the Trump Taj Mahal as an eligible project and, pursuant to October 2006 agreements, authorized grants to our Atlantic City casinos in aggregate amounts of approximately $13,800 from the Atlantic City Expansion Fund and $1,575 from a separate Casino Capital Construction Fund, both administered by the CRDA. During June 2009, we received $2,541 of grant proceeds from the Atlantic City Expansion Fund and $268 of grant proceeds from the Casino Capital Construction Fund.

InThe ~~September~~New ~~2000,~~Jersey ~~Boyd Gaming~~Legislature ~~and~~amended ~~MGM~~the ~~Mirage~~Casino ~~commenced~~Control ~~their~~Act, ~~joint~~effective April 18, ~~development~~2008, ofto apermit ~~25-acre site located in~~ the ~~Marina~~Casinos ~~District~~to ofdeduct ~~Atlantic City for~~ the ~~construction~~amount of ~~the~~certain ~~“Borgata,”~~promotional agaming ~~Tuscan-style~~credits ~~casino~~wagered ~~expected~~at totheir ~~feature~~slot amachines ~~40-story~~in ~~tower~~calculating ~~with~~the ~~2,010~~tax ~~rooms and~~on ~~suites,~~gross asgaming ~~well as a 135,000 square-foot casino, restaurants, retail shops, a spa and pool, and entertainment venues~~revenue. ~~Construction~~The ofamendment ~~the~~became ~~Borgata~~operative isupon ~~scheduled to be completed in~~ the ~~third quarter of 2003~~August 14, ~~and is estimated to cost approximately~~2008 ~~$1.0~~certification ~~billion.~~by ~~While we believe that~~ the ~~opening~~Chair of the ~~Borgata~~New ~~will~~Jersey ~~attract~~Casino ~~additional~~Control ~~visitors~~Commission to(“CCC”) ~~Atlantic City, especially~~ to the ~~Marina~~State ~~district~~Treasurer ~~which~~that ~~could~~the ~~benefit~~Casinos ~~our~~and ~~Trump~~Casino ~~Marina~~Association ~~property,~~of itNew isJersey ~~also~~(“CANJ”) ~~possible~~had ~~that~~executed ~~the~~a ~~Borgata~~new ~~could~~subsidy ~~have~~agreement ~~an adverse~~with ~~effect~~NJSEA onfor the ~~business and operations~~ benefit of the ~~Trump~~horse ~~Atlantic~~racing ~~City~~industry ~~Properties.~~for ~~This~~$30,000 ~~potential~~annually ~~adverse~~for ~~effect could include~~ a ~~reduction~~three-year inperiod ~~net~~(“2008 ~~revenues~~NJSEA ~~caused~~Subsidy ~~by a loss of gaming patrons~~Agreement”). ~~Also~~In addition, ~~substantial~~the ~~new~~CCC ~~expansion~~adopted ~~and~~regulations ~~development~~effective ~~activity has recently been completed~~September 22, is2008 ~~under~~which ~~construction~~establish orprocedures ~~has~~by ~~been announced in Atlantic City,~~ which ~~further~~the ~~intensifies~~Casinos ~~competitive~~may implement ~~pressure in~~ the ~~Atlantic~~promotional ~~City~~gaming ~~market~~credit ~~and~~tax ~~which could have an adverse effect on our patronage and revenues~~deduction. ~~See “Liquidity and Capital Resources.”~~

~~New~~The ~~York~~2008 ~~Has~~NJSEA ~~Enacted~~Subsidy ~~Gaming~~Agreement ~~Legislation~~provides ~~Which~~that ~~May~~the ~~Harm~~Casinos ~~Our~~will ~~Trump~~pay the NJSEA ~~Atlantic~~$90,000 ~~City~~to ~~Properties~~be used solely for purse enhancements, breeder’s purses and ~~Other~~expenses ~~States~~to ~~May~~establish Dooff-track Sowagering Infacilities which it incurs through 2011. The ~~Future~~payments will be made in eleven installments from September 29, 2008 through November 15, 2011 and will total $22,500 in 2008, $30,000 in each of 2009 and 2010 and $7,500 in 2011. Each Casino will pay a share equal to a percentage representing the gross gaming revenue it reported for the prior calendar year compared to that reported by all Casinos for that year. Our Atlantic City properties have estimated their portion of the industry obligation at approximately 21%.

InThe ~~October~~2008 ~~2001,~~NJSEA ~~the~~Subsidy ~~New~~Agreement ~~York~~also ~~State legislature~~provides ~~passed extensive legislation~~ that ~~could adversely affect~~ the ~~Company. The legislation permits three new casinos in western New York~~NJSEA, ~~one~~all inother ~~Niagara~~entities ~~Falls,~~which ~~one~~receive inany ~~Buffalo~~portion ~~and~~of ~~one on land owned by~~ the ~~Seneca~~payments ~~Indian~~and ~~Nation,~~affiliates ~~all~~ of ~~which would~~either beshall ~~owned~~not ~~by the Seneca Indian Nation. The legislation also permits up to three casinos in the Catskills in Ulster and Sullivan counties~~operate, ~~also to be owned by Native Americans~~conduct, ~~which~~maintain ~~could~~or ~~open~~permit asany ~~early~~casino ~~as mid-2005. In addition~~gaming, ~~slot machines~~ ~~would~~including bevideo ~~allowed to be placed in Indian-owned casinos. Video~~ lottery ~~terminals~~gaming, ~~would be installed~~ in ~~five~~any ~~horse racing tracks across the State of~~ New ~~York~~Jersey ~~and,~~location ~~if local governments approve, at certain~~ other ~~tracks.~~than ~~Finally, the law provides for New York joining the Powerball lottery that operates in 26 states with large jackpots. The net effect of these facilities and other items, when operational, on~~ Atlantic City ~~cannot~~prior beto ~~predicted.~~2012 ~~The~~and ~~Company believes, however,~~ that athe ~~substantial~~Casinos ~~amount of~~may ~~existing~~bring ~~and~~an ~~potential~~action ~~new~~in ~~gaming~~New ~~customers~~Jersey ~~could~~Superior ~~patronize~~Court ~~such~~against ~~facilities~~any ~~instead~~entity ~~of Atlantic City, at least occasionally. On January 29, 2002, a lawsuit was commenced contesting the above legislation package on the grounds~~ that ~~certain~~does ofso ~~its provisions~~to ~~were~~enforce ~~adopted in violation of the State’s constitution. The likely outcome of~~ this ~~lawsuit~~prohibition ~~cannot~~by ~~be ascertained at this time~~specific performance.

WeThe ~~also~~2008 ~~believe~~NJSEA Subsidy Agreement further provides that ~~Ohio~~if, ~~Pennsylvania,~~prior ~~Virginia~~to ~~and~~2011, ~~Delaware~~a ~~are~~statewide ~~among~~public ~~the~~question ~~other~~to ~~states~~authorize ~~currently~~casino gaming ~~contemplating~~at ~~some~~any ~~form~~New ofJersey ~~gaming~~location ~~legislation.~~other ~~Since~~than ~~our~~Atlantic ~~market~~City is ~~primarily~~approved aby ~~drive-~~the New Jersey Legislature or if, prior to ~~market~~2012, ~~legalized~~ ~~gambling~~any insuch ~~one~~statewide orpublic ~~more~~question ~~states~~is ~~neighboring~~approved orby ~~within~~New ~~close~~Jersey ~~proximity~~voters toor any New Jersey ~~could~~legislation ~~have~~is aenacted ~~material~~or ~~adverse~~other ~~effect~~New Jersey ongovernmental ~~the~~action ~~Atlantic~~is ~~City~~taken authorizing such gaming ~~industry~~or ~~overall~~any such gaming is actually operated, ~~including~~conducted ~~THCR~~or maintained, then the Casinos shall make no further payments to NJSEA and, in certain circumstances, NJSEA shall return some or all of the ~~Trump~~payments ~~Atlantic~~it ~~City~~previously ~~Properties~~received from the Casinos.

14The 2008 NJSEA Subsidy Agreement acknowledges the publicly announced intention of the Governor to, by executive order, create a commission to study and report its recommendations for the long term stability of the horse racing industry to the Governor and the Legislature on or about July 1, 2010 and provides that the Casinos, CANJ and NJSEA will work and cooperate in good faith with any such commission and that the NJSEA shall not support legislation for casino gaming in any New Jersey location other than Atlantic City prior to the commission’s delivery of its report to the Governor and the Legislature.

~~Table~~CAFRA Agreement – Trump Taj Mahal received a permit under the Coastal Area Facilities Review Act (“CAFRA”) that initially required Trump Taj Mahal to begin construction of ~~Contents~~certain improvements on the Steel Pier by October 1992, which improvements were to be completed within 18 months of the commencement of construction. Trump Taj Mahal initially proposed a concept to improve the Steel Pier, the estimated cost of which was $30,000. Such concept was approved by the New Jersey Department of Environmental Protection, the agency which administers CAFRA. In March 1993, Taj Associates obtained a modification of its CAFRA permit providing for an extension of the required commencement and completion dates of the improvements to the Steel Pier for one year, which has been renewed annually, based upon an interim use of the Steel Pier as an amusement park. The pier sublease, pursuant to

~~Our~~19 ~~Business is Subject to a Variety of Other Risks and Uncertainties.~~

~~Our financial condition and results of operations could be affected by many events that are beyond our control, such as (i) capital market~~ ~~conditions~~ which ~~could~~Trump ~~affect~~Taj ~~our~~Mahal ~~ability~~leases tothe ~~raise~~Steel ~~capital~~Pier ~~for~~to ~~refinancing~~an ~~debt~~amusement orpark ~~pursuing other alternatives~~operator, ~~(ii)~~terminates ~~future acts of terrorism and their impact~~ on ~~capital markets~~December 31, ~~consumer~~2010. ~~behavior~~The and operating expenses, including insurance costs, (iii) competition from existing and potential new competitors in Atlantic City and other nearby markets, which is likely to increase over the next five years, (iv) regulatory changes, (v) possible increases in gasoline prices which could discourage auto travel to Atlantic City, and (vi) adverse or unfavorable weather conditions. ~~Good weather is particularly important to the relative performance~~ of ~~our Trump Atlantic City Properties in~~ the ~~winter~~CAFRA ~~months~~permit ~~and our improved performance in the first~~renewal ~~quarter~~thereafter ofare ~~2002~~under isdiscussion ~~partially~~with ~~attributable to mild weather conditions in~~ the ~~Northeast~~New ~~during~~Jersey ~~such~~Department ~~period, as well as to expense reduction. There can be no assurance that winter conditions will be as benign in a given winter. In connection with recent insurance renewals, certain types and levels~~ of ~~insurance~~Environmental ~~have not been available or are not available at a reasonable cost~~Protection. ~~The Company is, therefore, self-insured for certain risks.~~

~~Critical~~(10) ~~Accounting~~Legal ~~Policies~~ Proceedings

~~The~~We ~~preparation~~and certain of our ~~financial~~employees are ~~statements~~involved infrom ~~conformity~~time ~~with~~to ~~generally~~time ~~accepted~~in ~~accounting~~legal ~~principles~~proceedings arising in the ~~United~~ordinary ~~States~~course ~~requires~~of usour tobusiness. ~~make~~While ~~estimates~~any ~~and~~proceeding ~~assumptions~~or ~~that~~litigation ~~affect~~contains ~~the~~an ~~reported~~element ~~amounts~~ of ~~assets~~uncertainty, ~~and~~management ~~liabilities~~believes ~~and~~that ~~disclosures~~the final outcomes of ~~contingent~~these ~~assets~~other matters are not ~~and~~likely ~~liabilities~~to athave ~~the~~a ~~date~~material adverse effect on our results of ~~the~~operations or financial ~~statements~~condition. ~~and~~In ~~the~~general, ~~reported~~we ~~amounts~~have agreed to indemnify certain of ~~revenues~~our key executives and ~~expenses~~directors ~~during~~against ~~the~~any ~~reporting~~and ~~period.~~all ~~Our~~losses, ~~estimates~~claims, ~~judgments~~damages, expenses (including reasonable costs, disbursements and ~~assumptions~~counsel ~~are~~fees) ~~continually~~and ~~evaluated~~liabilities ~~based~~(including onamounts ~~available~~paid ~~information~~or ~~and~~incurred ~~experience. Because~~in satisfaction of ~~the~~settlements, ~~use~~judgments, offines ~~estimates~~and ~~inherent~~penalties) incurred by them in ~~the~~any ~~financial~~legal ~~reporting~~proceedings ~~process,~~absent ~~actual~~a ~~results~~showing ~~could~~of ~~differ~~such ~~from~~persons’ gross ~~those~~negligence ~~estimates~~or malfeasance.

~~These~~Chapter ~~condensed~~11 ~~consolidated~~Case ~~financial~~– ~~statements~~As ~~should~~described ~~be read~~ in ~~conjunction~~Note ~~with~~1, on the ~~consolidated~~Petition ~~financial~~Date, ~~statements~~the ~~and~~Debtors ~~notes~~filed ~~thereto~~voluntary petitions ~~included~~ in ~~our Annual Report on Form 10-K for~~ the ~~year~~Bankruptcy ~~ended~~Court ~~December~~seeking ~~31,~~relief ~~2001~~under ~~filed with~~ the ~~SEC~~Bankruptcy Code.

~~Recent~~The ~~Accounting~~Debtors ~~Pronouncements~~continue to operate their businesses as debtors-in-possession under the jurisdiction of the Bankruptcy Court and in accordance with applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court. As debtors-in-possession, the Debtors are authorized to continue to operate as ongoing businesses, and may pay all debts and honor all obligations arising in the ordinary course of their businesses after the Petition Date. However, the Debtors may not pay creditors on account of obligations arising before the Petition Date or engage in transactions outside the ordinary course of business without approval of the Bankruptcy Court, after notice and an opportunity for a hearing.

InUnder ~~January 2001,~~ the ~~Emerging~~Bankruptcy ~~Issues Task Force (“EITF”) reached a consensus on certain issues within Issue No. 00-22~~Code, ~~“Accounting~~actions ~~for~~to ~~‘Points’~~collect ~~and Certain Other Time~~pre-~~Based~~petition ~~or Volume-Based Sales Incentive Offers~~indebtedness, ~~and~~as ~~Offers~~well ~~for~~as ~~Free~~most ~~Products~~litigation orpending ~~Services~~against ~~to Be Delivered in~~ the ~~Future”~~Debtors, ~~(“EITF~~are ~~00-22”)~~stayed. ~~Application~~Other ~~of EITF 00~~pre-22petition iscontractual ~~required~~obligations ~~for~~against ~~interim~~the ~~and~~Debtors ~~annual~~generally ~~periods ending after~~may ~~February~~not ~~15, 2001. EITF 00-22 requires volume-based cash rebates to~~ be ~~classified as a reduction of revenue~~enforced. ~~Accordingly,~~Absent ~~such~~an ~~additional~~order ~~rebates~~ of ~~$29,125,000 and $58,485,000 in~~ the ~~three~~Bankruptcy ~~and~~Court ~~six~~providing ~~months~~otherwise, ~~respectively,~~substantially ~~ended~~all ~~June 30, 2001, have been re~~pre-~~classified~~petition asliabilities ~~promotional~~are ~~allowances.~~subject ~~THCR~~to ~~previously~~settlement ~~classified~~under ~~these~~a ~~expenditures~~plan asof areorganization ~~gaming~~to ~~expense.~~be ~~Prior~~voted ~~period~~upon ~~amounts~~by ~~have~~creditors ~~been~~and ~~reclassified~~other tostakeholders, ~~conform~~and ~~with~~approved by the ~~current~~Bankruptcy ~~presentation~~Court.

OnThe ~~July~~Debtors 3,have ~~2002,~~received ~~the~~approval ~~State~~from ~~of New Jersey passed~~ the ~~New~~Bankruptcy ~~Jersey~~Court ~~Tax~~of ~~Act~~their ~~(the~~ “~~Act~~first day”). ~~This Act~~motions, ~~among~~which ~~other things, requires the~~were ~~suspension~~filed ofas ~~the~~part ~~use~~ of the ~~New~~Chapter ~~Jersey~~11 ~~net~~Case. ~~operating~~Among ~~loss~~other ~~carryforwards~~“first ~~for~~day” ~~two~~relief, ~~years and~~ the ~~introduction~~Debtors ofreceived aapproval ~~new~~to ~~alternative~~continue ~~minimum~~wage ~~assessment~~and ~~under~~salary ~~the~~payments ~~New~~and ~~Jersey~~other ~~corporate~~benefits ~~business~~to ~~tax~~employees ~~based~~as onwell ~~gross~~as ~~receipts~~certain orrelated ~~gross~~pre-petition ~~profits,~~obligations; asto ~~defined.~~continue ~~The~~to ~~Act~~honor iscustomer ~~retroactive~~programs toas ~~January~~well 1,as ~~2002.~~certain Asrelated apre-petition ~~result~~customer ofobligations; ~~the~~and ~~change~~to inpay ~~tax~~certain ~~law,~~pre-petition ~~THCR~~trade ~~has~~claims ~~preliminarily~~held ~~estimated~~by ~~that~~critical itvendors. ~~will~~The ~~record~~Debtors aintend ~~charge~~ to ~~income~~continue ~~tax expense of approximately $3,000,000~~ to ~~$5,000,000~~pay ~~for~~their ~~the~~vendors ~~year~~and ~~ended~~suppliers ~~December 31, 2002. This charge will be recorded beginning~~ in the ~~period~~ordinary incourse ~~which~~of business ~~the~~for ~~tax~~goods ~~law~~and ~~was~~services ~~passed~~delivered ~~(third quarter) pursuant to the accounting literature in Financial Accounting Standards Board Statement Number 109, “Accounting for Income Taxes~~post-petition.”

15Under the priority scheme established by the Bankruptcy Code, certain post-petition and secured or “priority” pre-petition liabilities need to be satisfied before general unsecured creditors and holders of the Debtors’ equity are entitled to receive any distribution. No assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to the claims and interests of each of these constituencies. Additionally, no assurance can be given as to whether, when or in what form unsecured creditors and holders of the Debtors’ equity may receive a distribution on such claims or interests.

~~Table~~Under the Bankruptcy Code, we may assume, assume and assign, or reject certain executory contracts and unexpired leases, including, without limitation, leases of ~~Contents~~real property and equipment, subject to the approval of the Bankruptcy Court and certain other conditions. Any description of an executory contract or unexpired lease in this Report, including where applicable our express termination rights or a quantification of our obligations, must be read in conjunction with, and is qualified by, any overriding rejection rights we have under the Bankruptcy Code. As of the date of the filing of the Chapter 11 Case, virtually all pending litigation against the Debtors (including the actions described below) is stayed as to the Debtors, and absent further order of the Bankruptcy Court, no party, subject to certain exceptions, may take any action, also subject to certain exceptions, to recover on pre-petition claims against the Debtors.

~~Financial~~As described ~~Condition—~~in Note 1, on August 4, 2009, the Debtors filed with the Bankruptcy Court the Plan and the Disclosure Statement, which describes the procedures for the solicitation of votes as well as the Plan. Pursuant to the Plan, no distributions will be made to any of the Debtors’ second lien noteholders, unsecured creditors or equity holders, all of whose claims and securities will be cancelled upon consummation of the Plan. The Plan provides for the consummation of the transactions contemplated by the Purchase Agreement, Commitment Letter and A&R Credit Agreement. See Note 1 for a description of the Purchase Agreement, Commitment Letter and A&R Credit Agreement. The Plan is subject to confirmation by the Bankruptcy Court, customary closing conditions and the consummation of the transactions contemplated by the Purchase Agreement, Commitment Letter and A&R Credit Agreement.

~~Liquidity~~20 ~~and Capital Resources~~

~~Cash~~2005 ~~flows~~Chapter ~~from~~11 ~~operating activities~~Case of– ~~the~~Effective ~~Company’s~~as ~~owned and managed casino properties are the Company’s primary source~~ of ~~liquidity~~March 17, ~~and capital resources. To a lesser extent~~2009, the ~~Company~~Bankruptcy ~~relies~~Court onordered ~~capital leases for its capital resource needs. The~~that ~~Company’s~~all ~~ability to borrow funds for its liquidity and capital resources needs is severely restricted by covenants in the various indentures governing its public debt issues and by its already high levels~~ of ~~indebtedness. Sources of~~ the ~~Company’s~~ ~~short-term~~remaining ~~and~~open ~~long-term~~cases ~~liquidity~~pertaining ~~include casino gaming revenues and room, food and beverage sales. Although we expect the Company~~ to ~~have sufficient liquidity from~~ the ~~operating~~2005 ~~activities~~Chapter of11 ~~the~~Case ~~Trump Casino Properties to meet its short-term obligations, there can~~ be ~~no assurances in this regard~~closed. ~~A variety of factors, including a decrease or change in the demand for our services, could have a material adverse effect on our liquidity. See “General.”~~

~~The~~On ~~Trump~~July 18, ~~Atlantic~~2005, ~~City~~the ~~Properties~~Bankruptcy ~~compete~~Court ~~with~~considered ~~other~~a motion ~~Atlantic~~brought ~~City~~by ~~casino/hotels~~a certain group of persons alleging that they had held shares of THCR’s common stock on the ~~basis~~record ofdate for distributions under the ~~quality~~2005 ofPlan (and who subsequently sold their shares prior to the distribution date) but did not ~~guests~~receive any distributions under the 2005 Plan, which they believe were wrongly made to the beneficial holders of our THCR’s ~~experience~~common stock on the distribution date. WeThe ~~seek~~movants had sought an order compelling us to ~~provide~~make ~~high-quality~~distributions ~~service~~to ~~and~~them ~~amenities~~under the 2005 Plan. After additional briefing and a ~~first~~court ~~class~~hearing ~~casino~~with ~~gaming~~respect ~~experience~~to the issue on October 8, 2005, the Bankruptcy Court denied the movants’ motion on February 17, 2006. InThe amovants ~~competitive~~filed ~~marketplace~~an ~~like~~appeal ~~Atlantic~~from ~~City~~the judgment entered in the Bankruptcy Court in favor of THCR. The movants appealed this motion to the United States District Court for the district of New Jersey. During April 2007, the ~~ability~~United States District Court reversed the Bankruptcy Court’s denial and remanded the case back to ~~offer~~the Bankruptcy Court for further consideration. In May 2007, we filed a ~~high-quality~~notice ~~casino~~of ~~gaming~~appeal ~~experience~~to isthe ~~largely~~United States Court of Appeals for the Third Circuit. By order dated November 5, 2008, the Court of Appeals affirmed the District ~~dependant~~Court’s ~~upon~~order. While on remand in the ~~quality~~Bankruptcy Court for further consideration in light of ~~customer~~the ~~service~~District Court’s order, we filed a voluntary petition in the ~~array~~Bankruptcy ofCourt ~~games~~on ~~offered~~February 17, 2009, seeking relief under the ~~attractiveness~~provisions of chapter 11 of the Bankruptcy Code. As a ~~casino/hotel~~result, ~~and~~the onmatter ~~extent~~has ~~and~~been ~~quality~~stayed pending the resolution of our bankruptcy proceedings. The Bankruptcy Court has ordered the ~~facilities~~movants ~~and~~act ~~amenities~~accordingly in the Chapter 11 Case with regard to their alleged claims.

~~Because~~Power ~~the~~Plant Litigation – On December 30, 2004, TER Development Company, ~~has~~LLC ~~substantial~~(“TER ~~indebtedness~~Development”) filed a complaint against Richard T. Fields, Coastal Development, LLC, Power Plant Entertainment, LLC, Native American Development, LLC, Joseph S. Weinberg and ~~related~~The ~~interest~~Cordish ~~expenses~~Company (collectively, ~~its~~the ~~capital~~“Power ~~expenditures~~Plant Group”) in ~~recent~~the ~~years~~Circuit ~~has~~Court ~~been~~of ~~limited.~~the 17th ~~Moreover~~Judicial District for Broward County, Florida, in which TER Development alleged that Power Plant Entertainment, LLC improperly obtained certain agreements with the ~~Company~~Seminole ~~has~~Tribe ~~not~~of Florida for the development of gaming facilities in Hollywood ~~been~~and ~~able~~Tampa, toFlorida. ~~pursue~~TER ~~various~~Development ~~capital~~has ~~expansion~~asserted ~~plans~~claims for fraud, ~~such~~breach asof fiduciary duty, conspiracy, violation of the ~~addition~~Florida Deceptive and Unfair Trade Practices Act and interference with prospective business relationship as a result of ~~more~~the Power ~~hotel~~Plant ~~rooms~~Group’s actions. ~~Capital~~On ~~expenditures~~April 17, 2008, the trial court ruled on the defendants’ numerous motions for summary judgment. The court denied the ~~Trump~~defendants’ ~~Casino~~motions ~~Properties~~as to TER Development’s claims against all defendants for fraud and conspiracy and as to TER Development’s claim against Richard T. Fields and Coastal Development, LLC under the ~~six~~Florida ~~months~~Deceptive ~~ended~~and ~~June~~Unfair 30Trade Practices Act. The trial court granted the defendants’ motions for summary judgment as to TER Development’s claims for breach of fiduciary duty, ~~2001~~aiding and ~~2002~~abetting ~~are~~a breach of fiduciary duty, interference with prospective business relationship and the claims under the Florida Deceptive and Unfair Trade Practices Act as ~~follows:~~to the Power Plant Group. The defendants seek no relief against TER Development other than claims for attorney’s fees and costs in the event that they prevail at trial.

~~TRUMP~~Trump ~~HOTELS~~Marina ~~AND~~– ~~CASINO~~As ~~RESORTS~~described in Note 3, on May 28, 2008, Trump Marina Associates, LLC (“Seller”) entered into the Marina Agreement to sell Trump Marina (the “Property”) to Coastal Marina, LLC (“Buyer”), an affiliate of Coastal Development, LLC (“Coastal”). Upon entering into the Marina Agreement, Buyer placed into escrow a $15,000 deposit toward the purchase price (the “Original Marina Deposit”). On October 28, 2008, the parties entered into an amendment to the Marina Agreement (the “Marina Amendment”) to modify certain terms and conditions of the Marina Agreement, including, but not limited to providing that Seller could terminate the Marina Agreement if the transaction did not close by May 28, 2009 and that the Original Marina Deposit held in escrow, together with any interest earned thereon, was released to Seller immediately and an additional $2,000 deposit was placed in escrow (the “Additional Marina Deposit”) for a total deposit towards the purchase price of $17,000. Coastal failed to consummate the transaction within the time provided under the Marina Amendment. On June 1, 2009, Seller delivered notice to Coastal that the Marina Agreement, as amended by the Marina Amendment, was terminated. On July 28, 2009, Buyer and Coastal filed an Adversary Complaint with the Bankruptcy Court, claiming that we breached the Marina Agreement and that they were fraudulently induced, and seeking return of the Original Marina Deposit and the Additional Marina Deposit and other alleged damages and relief. We believe that these claims are without merit.

~~CONSOLIDATING CAPITAL~~(11) ~~EXPENDITURES~~Fair Value of Financial Instruments

	TAJ ASSOCIATES		PLAZA ASSOCIATES		TOTAL TRUMP AC		TRUMP MARINA		TRUMP INDIANA		THCR HOLDINGS		THCR CONSOL.
	(in thousands)
FOR THE SIX MONTHS ENDED JUNE 30, 2001
Purchase of Property & Equipment	$	2,200	$	1,523	$	3,723	$	2,063	$	905	$	116	$	6,807
Capital Lease Additions (A)		6,128		6,416		12,544		4,173		1,332		—		18,049
Total Capital Expenditures	$	8,328	$	7,939	$	16,267	$	6,236	$	2,237	$	116	$	24,856
FOR THE SIX MONTHS ENDED JUNE 30, 2002
Purchase of Property & Equipment	$	5,045	$	2,337	$	7,382	$	1,868	$	6,431	$	44	$	15,725
Capital Lease Additions(A)		5,131		2,096		7,227		3,011		10		—		10,248
Total Capital Expenditures	$	10,176	$	4,433	$	14,609	$	4,879	$	6,441	$	44	$	25,973

The carrying amounts of financial instruments included in current assets and current liabilities approximate their fair values due to their short-term nature. The carrying amounts of Casino Reinvestment Development Authority bonds and deposits approximate their fair values as a result of allowances established to give effect to below-market interest rates.

~~(A)~~21 ~~Capital lease additions for Trump Casino Properties were principally slot machines.~~

16The estimated fair values of other financial instruments at June 30, 2009 and December 31, 2008 are as follows:


	June 30, 2009				December 31, 2008
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
2007 Credit Facility	$	486,293	$	486,293	$	488,757	$	488,757
Senior Notes		1,248,969		154,560		1,248,969		152,999
Other long-term debt		6,019		6,019		6,124		6,124

~~Results~~The fair value of ~~Operations:~~the ~~Operating~~2007 ~~Revenues~~Credit Facility is shown as the carrying amount since the loans were issued and ~~Expenses~~are held by two banks under common ownership and there is no trading activity on the 2007 Credit Facility. The fair value of the Senior Notes is based on quoted market prices of the Senior Notes. The carrying amounts of our other long-term debt obligations approximate fair value.

~~All business activities of THCR and THCR Holdings are conducted by Plaza Associates, Taj Associates, Castle Associates~~ (~~d/b/a Trump Marina~~12) ~~and~~Recently ~~Trump~~Issued ~~Indiana.~~Accounting Pronouncements

~~Comparison~~In April 2008, the Financial Accounting Standards Board (“FASB”) issued FASB Staff Position FAS 142-3, “Determination of ~~Three~~the Useful Life of Intangible Assets” (“FSP 142-~~Month~~3”). ~~Periods~~FSP ~~Ended~~142-3 ~~June~~amends ~~30,~~the ~~2001~~factors ~~and~~that should be considered ~~2002~~in developing renewal or extension assumptions used to determine the useful life of a recognized intangible asset under SFAS 142. The ~~following~~intent ~~tables~~of ~~include~~FSP ~~selected~~142-3 ~~data~~is to improve the consistency between the useful life of ~~Plaza~~a ~~Associates,~~recognized ~~Taj~~intangible ~~Associates,~~asset ~~Trump~~under SFAS ~~Indiana~~142 and ~~Trump~~the ~~Marina~~period of expected cash flows used to measure the fair value of the asset under SFAS 141(R) and other GAAP. FSP 142-3 is effective for financial statements issued for fiscal years and interim periods beginning after December 15, 2008. Early adoption of the standard is prohibited. FSP 142-3 became effective for our fiscal year beginning January 1, 2009. The adoption of the standard did not have an effect on our consolidated financial statements.

	Three Months Ended June 30, 2001
	Plaza Associates			Taj Associates			Trump Indiana			Trump Marina			THCR Consolidated*
	(dollars in millions)
Revenues:
Gaming	$	80.7		$	132.5		$	31.5		$	64.4		$	309.2
Other		18.3			27.0			2.3			15.2			62.7
Gross Revenues		99.0			159.5			33.8			79.6			371.9
Less: Promotional Allowances		20.7			29.1			2.9			17.8			70.5
Net Revenues		78.3			130.4			30.9			61.8			301.4
Costs and Expenses:
Gaming		44.0			62.7			17.0			31.6			155.2
Other		4.9			9.2			1.6			3.5			19.4
General & Administrative		17.1			24.7			6.9			16.5			66.0
Depreciation & Amortization		4.2			8.3			1.9			4.2			18.6
Total Costs and Expenses		70.2			104.9			27.4			55.8			259.2
Income from Operations		8.1			25.5			3.5			6.0			42.2
Non-operating Income		0.4			0.3			0.2			0.2			1.3
Interest Expense		(12.2	)		(23.3	)		(1.3	)		(14.8	)		(55.0	)
Total Non-operating Expense, Net		(11.8	)		(23.0	)		(1.1	)		(14.6	)		(53.7	)
Loss in Joint Venture		—			—			(0.8	)		—			(0.8	)
Income (Loss) before Minority Interest	$	(3.7	)	$	2.5		$	1.6		$	(8.6	)	$	(12.3	)
Minority Interest														4.5
Net Loss														(7.8	)

In March 2008, the FASB issued SFAS No. 161, “Disclosures about Derivative Instruments and Hedging Activities - an amendment of FASB Statement No. 133” (“SFAS 161”). SFAS No. 161 requires enhanced disclosure related to derivatives and hedging activities and thereby seeks to improve the transparency of financial reporting. Under SFAS 161, entities are required to provide enhanced disclosures relating to: (i) how and why an entity uses derivative instruments; (ii) how derivative instruments and related hedge items are accounted for under SFAS No. 133, “Accounting for Derivative Instruments and Hedging Activities” (“SFAS 133”), and its related interpretations; and (iii) how derivative instruments and related hedged items affect an entity’s financial position, financial performance, and cash flows. SFAS 161 must be applied prospectively to all derivative instruments and non-derivative instruments that are designated and qualify as hedging instruments and related hedged items accounted for under SFAS 133 for all financial statements issued for fiscal years and interim periods beginning after November 15, 2008, with early application encouraged. SFAS 161 became effective for our fiscal year beginning January 1, 2009. The adoption of SFAS 161 did not have an effect on our consolidated financial statements.

*In ~~Intercompany~~December ~~eliminations~~2007, the FASB issued SFAS 141(R). SFAS 141(R) retained the fundamental requirements in SFAS 141 that the acquisition method of accounting (which SFAS 141 called the purchase method) be used for all business combinations and ~~expenses~~for an acquirer to be identified for each business combination. SFAS 141(R), which is broader in scope than that of ~~THCR~~SFAS 141, ~~THCR~~which ~~Holdings~~applied only to business combinations in which control was obtained by transferring consideration, applies the same method of accounting (the purchase method) to all transactions and ~~Trump~~other ACevents in which one entity obtains control over one or more other businesses. SFAS 141(R) also makes certain other modifications to SFAS 141. We are ~~not~~required ~~separately~~to ~~shown~~apply the provisions of SFAS 141(R) to business combinations for which the acquisition date is on or after January 1, 2009. The adoption of SFAS 141(R) will have an effect on our consolidated financial statements if we were to acquire any companies in the future.

17In September 2006, the FASB issued SFAS No. 157, “Fair Value Measurements” (“SFAS 157”) which defines fair value, establishes a framework for measuring fair value in GAAP, and expands disclosures about fair value measurements. SFAS 157 applies under other accounting pronouncements that require or permit fair value measurements and, accordingly, does not require any new fair value measurements. On February 12, 2008, the FASB issued FASB Staff Position No. FAS 157-2, Effective Date of FASB Statement No. 157 (“FSP 157-2”), which delayed the effective date of SFAS 157 to our fiscal year beginning January 1, 2009 for non-financial assets and non-financial liabilities, except for items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Non-financial assets and non-financial liabilities for which we are required to apply the provisions of SFAS 157 include our intangible assets and long-lived assets measured at fair value under the provisions of SFAS 142, “Goodwill and Other Intangible Assets” and SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets,” respectively. We adopted SFAS 157 effective January 1, 2008 for financial assets and liabilities and effective January 1, 2009 for non-financial assets and non-financial liabilities. The adoption of SFAS 157 did not have an effect our consolidated financial statements.

~~Table~~22 ~~of Contents~~

	Three Months Ended June 30, 2002
	Plaza Associates			Taj Associates			Trump Indiana			Trump Marina			THCR Consolidated*
	(dollars in millions)
Revenues:
Gaming	$	84.4		$	132.5		$	31.9		$	70.3		$	318.9
Other		17.7			27.5			2.0			15.5			64.0
Gross Revenues		102.1			160.0			33.9			85.8			382.9
Less: Promotional Allowances		19.9			29.2			3.7			16.7			69.5
Net Revenues		82.2			130.8			30.2			69.1			313.4
Costs and Expenses:
Gaming		42.3			59.3			16.3			32.5			150.5
Other		5.5			9.5			1.5			4.0			20.4
General & Administrative		15.5			26.2			6.3			16.6			65.5
Depreciation & Amortization		4.2			9.5			1.4			5.3			20.4
Debt Renegotiation Costs		—			—			0.3			0.7			1.0
Total Costs and Expenses		67.5			104.5			25.8			59.1			257.8
Income from Operations		14.7			26.3			4.4			10.0			55.6
Non-operating Income		0.1			0.1			0.1			0.1			0.6
Interest Expense		(13.1	)		(24.1	)		(1.1	)		(15.8	)		(55.2	)
Total Non-operating Expense, Net		(13.0	)		(24.0	)		(1.0	)		(15.7	)		(54.6	)
Loss in Joint Venture		—			—			(0.6	)		—			(0.6	)
Income(Loss) before Minority Interest	$	1.7		$	2.3		$	2.8		$	(5.7	)	$	0.4
Minority Interest														(0.2	)
Net Income													$	0.2

In May 2009, the FASB issued SFAS No. 165, “Subsequent Events” (“SFAS 165”). SFAS 165 establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. SFAS 165 sets forth (1) the period after the balance sheet date during which management of a reporting entity should evaluate events or transactions that may occur for potential recognition or disclosure in the financial statements, (2) the circumstances under which an entity should recognize events or transactions occurring after the balance sheet date in its financial statements and (3) the disclosures that an entity should make about events or transactions that occurred after the balance sheet date. SFAS 165 became effective for the Company’s quarter ending June 30, 2009.

*In ~~Intercompany~~June ~~eliminations~~2009, ~~revenues~~the FASB issued SFAS No. 168, “The FASB Accounting Standards Codification and ~~expenses~~the Hierarchy of ~~THCR,~~Generally ~~THCR~~Accepted ~~Holdings,~~Accounting ~~Trump~~Principles—a ACreplacement of FASB Statement No. 162”. The FASB Accounting Standards Codification (“Codification”) will be the single source of authoritative nongovernmental U.S. generally accepted accounting principles. Rules and ~~THCR~~interpretive ~~Management~~releases of the SEC under authority of federal securities laws are also sources of authoritative GAAP for SEC registrants. SFAS 168 is effective for interim and annual periods ending after September 15, 2009. All existing accounting standards are superseded as described in SFAS 168. All other accounting literature not ~~separately~~included ~~shown~~in the Codification is nonauthoritative. The Codification is not expected to have an effect on the Company’s financial statements.

	Three Months Ended June 30, 2001
	Plaza Associates			Taj Associates			Trump Indiana			Trump Marina			THCR Consolidated
	(dollars in millions)
Table Game Revenues	$	22.2		$	42.7		$	6.3		$	14.1		$	85.3
Table Game Drop	$	141.3		$	245.3		$	37.4		$	93.0		$	517.0
Table Win Percentage		15.7	%		17.4	%		16.9	%		15.2	%		16.5	%
Number of Table Games		99			143			52			79			373
Slot Revenues	$	58.5		$	84.3		$	25.2		$	50.1		$	218.2
Slot Handle	$	768.8		$	1,100.9		$	341.6		$	642.6		$	2,853.9
Slot Win Percentage		7.6	%		7.7	%		7.4	%		7.8	%		7.6	%
Number of Slot Machines		2,839			4,597			1,281			2,524			11,241
Other Gaming Revenues	$	—		$	5.5		$	—		$	0.2		$	5.7
Total Gaming Revenues	$	80.7		$	132.5		$	31.5		$	64.4		$	309.2

18(13) Reclassified Statements of Operations

~~Table~~The following unaudited TER condensed consolidated statements of ~~Contents~~operations for the three months ended March 31, 2009 and 2008 are presented for comparison purposes and to reflect Trump Marina as a continuing operation:

	Three Months Ended June 30, 2002
	Three Months EndedMarch 31,
	Plaza Associates			Taj Associates			Trump Indiana			Trump Marina			THCR Consolidated
	2009			2008
	(dollars in millions)
Revenues:
Table Game Revenues	$	24.3		$	35.2		$	5.6		$	17.2		$	82.2
Gaming	$	207,677		$	238,067
Incr (Decr) over prior period	$	2.1		$	(7.5	)	$	(0.7	)	$	3.1		$	(3.1	)
Rooms		19,576			19,810
Table Game Drop	$	146.9		$	217.8		$	32.5		$	93.0		$	490.2
Food and beverage		22,323			27,239
Incr (Decr) over prior period	$	5.6		$	(27.5	)	$	(4.9	)	$	—		$	(26.8	)
Other		7,959			10,214
Table Win Percentage		16.6	%		16.1	%		17.0	%		18.5	%		16.8	%
		257,535			295,330
Incr (Decr) over prior period		0.9	pts		(1.3	)pts		0.1	pts		3.3	pts		0.3	pts
Less promotional allowances		(65,276	)		(67,701	)
Number of Table Games		88			139			47			79			353
Net revenues		192,259			227,629
Incr (Decr) over prior period		(11	)		(4	)		(5	)		—			(20	)
Costs and expenses:
Slot Revenues	$	60.1		$	91.9		$	26.3		$	52.9		$	231.1
Gaming		104,234			113,617
Incr (Decr) over prior period	$	1.6		$	7.6		$	1.1		$	2.8		$	12.9
Rooms		3,792			4,076
Slot Handle	$	738.2		$	1,156.7		$	350.6		$	674.8		$	2,920.3
Food and beverage		10,562			11,426
Incr (Decr) over prior period	$	(30.6	)	$	55.8		$	9.0		$	32.2		$	66.4
General and administrative		62,041			67,703
Slot Win Percentage		8.1	%		7.9	%		7.5	%		7.8	%		7.9	%
Corporate and development		4,557			5,571
Incr (Decr) over prior period		0.5	pts		0.2	pts		0.1	pts		—	pts		0.3	pts
Corporate - related party		635			664
Number of Slot Machines		2,908			4,847			1,558			2,528			11,841
Depreciation and amortization		14,472			17,121
Incr (Decr) over prior period		69			250			277			4			600
Reorganization expense and related costs		18,812			—
Other Gaming Revenues	$	N/A		$	5.4		$	N/A		$	0.2		$	5.6
		219,105			220,178
Incr (Decr) over prior period	$	N/A		$	(0.1	)	$	N/A		$	—		$	(0.1	)
(Loss) income from operations		(26,846	)		7,451
Total Gaming Revenues	$	84.4		$	132.5		$	31.9		$	70.3		$	318.9
Non-operating income (expense):
Incr (Decr) over prior period	$	3.7		$	—		$	0.4		$	5.9		$	9.7
Interest income		542			2,031
Interest expense		(39,259	)		(33,860	)
		(38,717	)		(31,829	)
Loss before income taxes		(65,563	)		(24,378	)
Income tax provision		—			—
Net loss		(65,563	)		(24,378	)
Less: Net loss attributable to the noncontrolling interest		15,408			5,730
Net loss attributable to Trump Entertainment Resorts, Inc.	$	(50,155	)	$	(18,648	)
Earnings per share:
Net loss per share attributable to Trump Entertainment Resorts, Inc. common shareholders - basic and diluted	$	(1.58	)	$	(0.59	)
Weighted average shares outstanding - basic and diluted		31,717,098			31,548,391

~~Gaming~~24 revenues are the primary source of THCR’s revenues. Table game revenues represent the amount retained by THCR from amounts wagered at table games. The table win percentage tends to be fairly constant over the long term, but may vary significantly in the short term, due to large wagers by “high rollers.” The Atlantic City industry table game win percentages were 15.4% and 15.8% for the three months ended June 30, 2001 and 2002, respectively. THCR’s table game win percentage was 16.5% and 16.8% for the three months ended June 30, 2001 and 2002, respectively.

~~Table~~(14) ~~game~~Condensed ~~revenues~~Consolidated ~~decreased~~Financial ~~$3.1~~Statements million, or 3.6%, to $82.2 million for the three months ended June 30, 2002 from $85.3 million in the comparable period in 2001. The $7.5 million decrease in table game revenue at the Taj Mahal was primarily due to a $27.5 million decrease in table game drop combined with a 1.3 point decrease in table win percentage. Trump Plaza’s table game drop increase of ~~$5.6~~Debtors ~~million combined with a 0.9 point increase~~ in table win percentage resulted in a $2.1 million increase in table game revenue. Trump Marina’s $3.1 million increase in table game revenue is due to a 3.3 point increase in table win percentage. Trump Indiana’s $0.7 million decrease in table games revenue was primarily due to a $4.9 million decrease in table game drop, which was negatively affected by increasing competition in the Indiana and Illinois market for table game play and the general decrease in table game play experienced throughout the casino industry. The decrease in table game drop was partially offset by a 0.1 point increase in table win percentage. Possession

~~Slot~~In ~~revenues~~accordance ~~increased~~with ~~$12.9~~SOP ~~million~~90-7, orpresented ~~5.9%,~~below toare ~~$231.1 million for~~ the ~~three~~condensed ~~months~~consolidated ~~ended~~financial ~~June~~statements ~~30, 2002 from $218.2 million in the comparable period in 2001. Increases in slot handle~~ of ~~$55.8 million at~~ the ~~Taj Mahal and $32~~Debtors.2 ~~million~~Such atfinancial ~~Trump~~statements ~~Marina~~have ~~primarily~~been ~~contributed~~prepared tousing ~~their~~standards ~~respective~~consistent increases in slot revenues. Trump Plaza’s slot revenues increased $1.6 million due to a 0.5 point increase in slot win percentage which offset a $30.6 million decrease in slot handle. Trump Indiana’s slot revenues increased $1.1 million primarily due to a $9.0 million increase in slot handle combined with ~~a 0.1 point increase in slot win percentage. Overall, slot revenues increased primarily as a result of improved slot product on~~ the ~~casino floor, management~~Company’s ~~continued focus on marketing initiatives and customer service,~~ ~~all~~consolidated offinancial ~~which contributed to an increase in slot handle~~statements.

~~Other~~TRUMP ~~revenues~~ENTERTAINMENT ~~for the three months ended June 30~~RESORTS, ~~2002 includes a $1~~INC.1 ~~million management fee from the Trump 29 Casino located in Coachella, California, for which there was no comparative revenue in 2001.~~

19DEBTORS IN POSSESSION

~~Table~~CONDENSED ofCONSOLIDATED ~~Contents~~STATEMENT OF OPERATIONS

~~Gaming~~PERIOD ~~costs~~FROM ~~and~~FEBRUARY ~~expenses were $150.5 million for the three months ended June 30~~17, ~~2002,~~2009 aTHROUGH ~~decrease~~JUNE ~~of $4.7 million, or 3.0%, from $155.2 million for the three months ended June~~ 30, ~~2001.~~2009 Gaming costs at the Taj Mahal decreased $3.4 million, or 5.4%, from the comparable period in 2001 and Trump Plaza’s gaming costs decreased $1.7 million, or 3.9%, from the comparable period in 2001 primarily due to decreased payroll expense and more efficient marketing programs. Trump Marina’s gaming costs increased $0.9 million primarily due to increased spending on marketing programs, which was incurred to stimulate gaming revenues. Trump Indiana’s gaming costs decreased $0.7 million, or 4.1%, from the comparable period in 2001.

General and administrative expenses were $65.5 million for the three months ended June 30, 2002, a $0.5 million, or 0.8%, decrease from $66.0 million in the comparable period in 2001. General and administrative expenses include expenses incurred by THCR Management of $0.5 million, including pre-opening costs of Trump 29 Casino of $0.4 million.


Revenues:
Gaming	$	293,395
Rooms		33,137
Food and beverage		35,876
Other		14,471

		376,879
Less promotional allowances		(92,107	)

Net revenues		284,772

Costs and expenses:
Gaming		151,437
Rooms		6,989
Food and beverage		18,702
General and administrative		87,389
Corporate and development		6,849
Corporate - related party		785
Depreciation and amortization		21,066
Intangible and other asset impairment charges		556,733
Reorganization expense and related costs		21,341

		871,291

Loss from operations		(586,519	)

Non-operating income (expense):
Interest income		607
Interest expense		(57,467	)
Income related to termination of Marina Agreement		15,196

		(41,664	)


Loss before income taxes		(628,183	)
Income tax benefit (provision)		8,324

Net loss		(619,859	)
Less: Net loss attributable to noncontrolling interest		147,097

Net loss attributable to Trump Entertainment Resorts, Inc.	$	(472,762	)

~~THCR~~25 previously announced its intention to refinance or modify the terms of its public debt which was approximately $1.7 billion aggregate principal amount as of June 30, 2002. During the three months ended June 30, 2002, debt renegotiation costs of $1.0 million were incurred: $0.7 million by Trump Marina and $0.3 million by Trump Indiana. Accordingly, the debt renegotiation costs have been expensed in the accompanying Statements of Operations. THCR and its subsidiaries will continue to seek to refinance certain debt when market conditions are favorable. See “General-The Company Has Substantial Indebtedness” and “Item 5. Other Information.”

~~Comparison~~TRUMP ofENTERTAINMENT ~~Six-Month Periods Ended June 30~~RESORTS, ~~2001 and 2002~~INC. ~~The~~ ~~following tables include selected data of Plaza Associates, Taj Associates, Trump Indiana and Trump Marina.~~

	Six Months Ended June 30, 2001
	Plaza Associates			Taj Associates			Trump Indiana			Trump Marina			THCR Consolidated*
	(dollars in millions)
Revenues:
Gaming	$	161.1		$	251.9		$	62.6		$	126.5		$	602.1
Other		35.7			51.3			4.6			27.8			119.4
Gross Revenues		196.8			303.2			67.2			154.3			721.5
Less: Promotional Allowances		42.3			56.1			6.1			34.2			138.6
Net Revenues		154.5			247.1			61.1			120.1			582.9
Costs and Expenses:
Gaming		87.7			124.2			32.8			62.7			307.5
Other		9.4			17.7			3.3			6.1			36.5
General & Administrative		33.7			49.2			14.6			33.0			131.8
Depreciation & Amortization		8.3			16.9			3.8			8.5			37.5
Total Costs and Expenses		139.1			208.0			54.5			110.3			513.3
Income from Operations		15.4			39.1			6.6			9.8			69.6
Non-operating Income		0.5			0.5			0.4			0.4			2.5
Interest Expense		(24.0	)		(46.5	)		(2.5	)		(29.4	)		(109.3	)
Total Non-operating Expense, Net		(23.5	)		(46.0	)		(2.1	)		(29.0	)		(106.8	)
Loss in Joint Venture		—			—			(1.6	)		—			(1.6	)
Income (Loss) before Minority Interest	$	(8.1	)	$	(6.9	)	$	2.9		$	(19.2	)	$	(38.8	)
Minority Interest														14.2
Net Loss													$	(24.6	)

DEBTORS IN POSSESSION

*IntercompanyCONDENSED ~~eliminations~~CONSOLIDATED ~~and~~STATEMENT ~~expenses~~OF ofCASH ~~THCR,~~FLOWS ~~THCR Holdings and Trump AC~~ ~~are not separately shown.~~

20PERIOD FROM FEBRUARY 17, 2009 THROUGH JUNE 30, 2009


CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(619,859	)
Adjustments to reconcile net loss to net cash flows provided by operating activities:
Deferred income taxes		(8,324	)
Depreciation and amortization		21,068
Intangible and other asset impairment charges		556,733
Accretion of interest income related to property tax settlement		(297	)
Amortization of deferred financing costs		101
Provisions for losses on receivables		7,455
Stock-based compensation expense		535
Valuation allowance - CRDA investments		(1,286	)
Income related to termination of Marina Agreement		(15,196	)
Non-cash reorganization expense		14,432
Changes in operating assets and liabilities:
Increase in receivables		(4,392	)
Increase in inventories		(1	)
Increase in prepaid expenses and other current assets		(2,150	)
Decrease in other assets		4,044
Increase in accounts payable, accrued expenses and other current liabilities		13,468
Increase in accrued interest payable		36,696
Decrease in other long-term liabilities		(258	)

Net cash flows provided by operating activities		2,769


CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment, net		(11,372	)
Decrease in restricted cash		200
Purchases of CRDA investments		(2,621	)
Proceeds from CRDA investments		7,809

Net cash flows used in investing activities		(5,984	)


CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of term loan		(2,464	)
Repayments of other long-term debt		(83	)

Net cash flows used in financing activities		(2,547	)


Net decrease in cash and cash equivalents		(5,762	)
Cash and cash equivalents at beginning of period		71,156

Cash and cash equivalents at end of period	$	65,394

	Six Months Ended June 30, 2002
	Plaza Associates			Taj Associates			Trump Indiana			Trump Marina			THCR Consolidated*
	(dollars in millions)
Revenues:
Gaming	$	165.9		$	262.4		$	64.6		$	137.6		$	630.4
Other		34.4			53.9			4.1			28.3			121.9
Gross Revenues		200.3			316.3			68.7			165.9			752.3
Less: Promotional Allowances		39.8			58.2			6.7			33.0			137.7
Net Revenues		160.5			258.1			62.0			132.9			614.6
Costs and Expenses:
Gaming		82.7			119.9			32.9			63.5			299.0
Other		10.7			18.0			3.1			7.0			38.8
General & Administrative		31.2			51.4			13.1			32.6			130.1
Depreciation & Amortization		8.5			18.3			2.8			10.2			39.8
Debt Renegotiation Costs		—			—			0.3			1.1			3.1
Total Costs and Expenses		133.1			207.6			52.2			114.4			510.8
Income from Operations		27.4			50.5			9.8			18.5			103.8
Non-operating Income		0.2			0.2			0.2			0.2			1.1
Interest Expense		(25.0	)		(47.4	)		(2.2	)		(31.5	)		(110.5	)
Total Non-operating Expense, Net		(24.8	)		(47.2	)		(2.0	)		(31.3	)		(109.4	)
Loss in Joint Venture		—			—			(1.2	)		—			(1.2	)
Income(Loss) before Minority Interest	$	2.6		$	3.3		$	6.6		$	(12.8	)	$	(6.8	)
Minority Interest														2.5
Net Loss													$	(4.3	)

*ITEM ~~Intercompany~~2. ~~eliminations,~~MANAGEMENT’S ~~revenues~~DISCUSSION ~~and~~AND ~~expenses~~ANALYSIS ofOF ~~THCR,~~FINANCIAL ~~THCR~~CONDITION ~~Holdings,~~AND ~~Trump~~RESULTS ACOF ~~and THCR Management are not separately shown.~~OPERATIONS

	Six Months Ended June 30, 2001
	Plaza Associates			Taj Associates			Trump Indiana			Trump Marina			THCR Consolidated
	(dollars in millions)
Table Game Revenues	$	48.4		$	77.5		$	12.8		$	29.1		$	167.8
Table Game Drop	$	282.2		$	485.2		$	75.1		$	184.7		$	1,027.2
Table Win Percentage		17.1	%		16.0	%		17.1	%		15.8	%		16.3	%
Number of Table Games		99			143			52			78			372
Slot Revenues	$	112.7		$	163.4		$	49.8		$	97.1		$	423.0
Slot Handle	$	1,475.9		$	2,138.1		$	692.7		$	1,255.5		$	5,562.2
Slot Win Percentage		7.6	%		7.6	%		7.2	%		7.7	%		7.6	%
Number of Slot Machines		2,842			4,631			1,273			2,527			11,273
Other Gaming Revenues	$	N/A		$	11.0		$	N/A		$	0.3		$	11.3
Total Gaming Revenues	$	161.1		$	251.9		$	62.6		$	126.5		$	602.1

Forward-Looking Statements

21This Report contains statements that we believe are, or may be considered to be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this Report regarding the prospects of our industry or our prospects, plans, financial position or business strategy, may constitute forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking words such as “may,” “will,” “expect,” “intend,” “estimate,” “foresee,” “project,” “anticipate,” “believe,” “plans,” “forecasts,” “continue” or “could” or the negatives of these terms or variations of them or similar terms. Furthermore, such forward-looking statements may be included in various filings that we make with the SEC, or press releases or oral statements made by or with the approval of one of our authorized executive officers. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct and there can be no assurance that the forward-looking statements contained in this Report, including with respect to the ultimate impact of the events occurring during the reorganization process, will be realized. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements contained herein, which reflect management’s opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements. You are advised, however, to consult any additional disclosures we make in our reports to the SEC. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained in this Report.

~~Table~~For a more complete description of ~~Contents~~the risks that may affect our business, see our Annual Report on Form 10-K for the year ended December 31, 2008.

	Six Months Ended June 30, 2002
	Plaza Associates			Taj Associates			Trump Indiana			Trump Marina			THCR Consolidated
	(dollars in millions)
Table Game Revenues	$	50.0		$	74.5		$	11.9		$	33.2		$	169.5
Incr (Decr) over prior period	$	1.6		$	(3.0	)	$	(0.9	)	$	4.1		$	1.7
Table Game Drop	$	290.0		$	443.5		$	67.2		$	178.4		$	979.1
Incr (Decr) over prior period	$	7.8		$	(41.7	)	$	(7.9	)	$	(6.3	)	$	(48.1	)
Table Win Percentage		17.2	%		16.8	%		17.6	%		18.6	%		17.3	%
Incr (Decr) over prior period		0.1	pts		0.8	pts		0.5	pts		2.8	pts		1.0	pts
Number of Table Games		88			139			48			79			354
Incr (Decr) over prior period		(11	)		(4	)		(4	)		1			(18	)
Slot Revenues	$	115.9		$	176.9		$	52.7		$	104.1		$	449.6
Incr (Decr) over prior period	$	3.2		$	13.5		$	2.9		$	7.0		$	26.6
Slot Handle	$	1,441.2		$	2,257.4		$	697.8		$	1,323.8		$	5,720.2
Incr (Decr) over prior period	$	(34.7	)	$	119.3		$	5.1		$	68.3		$	158.0
Slot Win Percentage		8.0	%		7.8	%		7.6	%		7.9	%		7.9	%
Incr (Decr) over prior period		0.4	pts		0.2	pts		0.4pts			0.2	pts		0.3	pts
Number of Slot Machines		2,877			4,852			1,509			2,526			11,764
Incr (Decr) over prior period		35			221			236			(1	)		491
Other Gaming Revenues	$	N/A		$	11.0		$	N/A		$	0.3		$	11.3
Incr (Decr) over prior period	$	N/A		$	—		$	N/A		$	—		$	—
Total Gaming Revenues	$	165.9		$	262.4		$	64.6		$	137.6		$	630.4
Incr (Decr) over prior period	$	4.8		$	10.5		$	2.0		$	11.1		$	28.3

Overview

~~The~~We ~~Atlantic~~own ~~City industry table game win percentages were 15.3%~~ and ~~16.0%~~operate ~~for~~ the ~~six~~Trump ~~months~~Taj ~~ended~~Mahal ~~June~~Casino 30Resort, ~~2001~~Trump ~~and~~Plaza ~~2002,~~Hotel ~~respectively.~~and ~~THCR’s~~Casino ~~table game win percentage was 16.3%~~ and ~~17.3% for~~ the ~~six~~Trump ~~months~~Marina ~~ended~~Hotel ~~June~~Casino ~~30,~~in ~~2001~~Atlantic ~~and 2002~~City, ~~respectively.~~New Jersey.

~~Table~~Financial ~~game~~Condition revenues increased $1.7 million, or 1.0%, to $169.5 million for the six months ended June 30, 2002 from $167.8 million in the comparable period in 2001. The $3.0 million decrease in table game revenues at the Taj Mahal was primarily due to a $41.7 million decrease in table game drop which was partially offset by a 0.8 point increase in table win percentage. Trump Plaza’s table game drop increase of $7.8 million primarily contributed to the $1.6 million increase in table game revenues. Trump Marina’s $4.1 million increase in table game revenues is primarily due to a 2.8 point increase in table win percentage which offset the $6.3 million decrease in table game drop. Trump Indiana’s $0.9 million decrease in table game revenues was primarily due to a $7.9 million decrease in table game drop, which was negatively affected by increasing competition in the Indiana and Illinois market for table game play and the general decrease in table game play experienced throughout the casino industry. The decrease in table game drop was partially offset by a 0.5 point increase in table win percentage.

~~Slot~~Liquidity revenues increased $26.6 million, or 6.3%, to $449.6 million for the six months ended June 30, 2002 from $423.0 million in the comparable period in 2001. Increases in slot handle of $119.3 million at the Taj Mahal and ~~$68.3 million at Trump Marina primarily contributed to their respective increases in slot revenues. Trump Plaza’s slot revenues increased $3.2 million~~Capital ~~due~~Resources to a 0.4 point increase in slot win percentage which offset a $34.7 million decrease in slot handle. Trump Indiana’s slot revenues increased $5.1 million due to a 0.4 point increase in slot win percentage combined with a $2.9 million increase in slot handle. Overall, slot revenues increased primarily as a result of improved slot product on the casino floor, management’s continued focus on marketing initiatives and customer service, and favorable weather conditions in the first three months of 2002.

~~Other~~Recent ~~revenues~~Chapter 11 Case. On February 17, 2009, TER and certain of its direct and indirect subsidiaries (collectively, the “Debtors”) filed voluntary petitions in the United States Bankruptcy Court for the ~~six~~District ~~months~~of ~~ended~~New ~~June~~Jersey 30in Camden, ~~2002~~New ~~includes~~Jersey a(the ~~$1.1~~“Bankruptcy ~~million~~Court”) seeking relief under the provisions of chapter 11 of the ~~management~~United ~~fee~~States ~~from~~Code (the ~~Trump~~“Bankruptcy 29Code”). ~~Casino~~These ~~located~~chapter in11 ~~Coachella~~cases are being jointly administered under the caption In re: TCI 2 Holdings, ~~California~~LLC, ~~for~~et ~~which~~al ~~there~~Debtors, ~~was~~Chapter no11 ~~comparative~~Case ~~revenue~~Nos.: in09-13654 ~~2001~~through 09-13656 and 09-13658 through 09-13664 (JHW) (the “Chapter 11 Case”).

~~Gaming~~We ~~costs~~intend ~~and~~to ~~expenses~~maintain ~~were~~business ~~$299~~operations through the reorganization process.0 ~~million~~On February 20, ~~for~~2009, the ~~six~~Company ~~months~~obtained ~~ended~~Bankruptcy ~~June~~Court ~~30,~~approval ~~2002,~~to apay ~~decrease~~its vendors in the ordinary course of $8business.5 ~~million,~~Our orliquidity ~~2.8%~~and capital resources, ~~from~~however, ~~$307.5~~are ~~million~~significantly ~~for~~affected by the ~~six~~Chapter ~~months~~11 ~~ended~~Case. ~~June~~Our 30bankruptcy proceedings have resulted in various restrictions on our activities, ~~2001~~limitations on financing and a need to obtain Bankruptcy Court approval for various matters. ~~Gaming~~As ~~costs~~a atresult of the ~~Taj~~filing ~~Mahal~~of ~~decreased~~the ~~$4.3 million,~~Chapter or11 ~~3.5%~~Case, ~~from~~ the ~~comparable~~Debtors ~~period~~are innot ~~2001~~permitted ~~and~~to ~~Trump~~make ~~Plaza’s~~any payments ~~gaming~~on ~~costs~~pre-petition ~~decreased~~liabilities ~~$5.0~~without ~~million,~~prior orBankruptcy 5Court approval.7% However, ~~from~~ the ~~comparable~~Debtors ~~period~~have inbeen ~~2001~~granted ~~primarily~~relief ~~due~~in order to ~~decreased~~continue ~~payroll~~wage ~~expense~~and salary payments and ~~more~~other ~~efficient~~benefits ~~marketing~~to employees as well as other related pre-petition obligations; to continue to honor customer programs as well as certain related pre-petition customer obligations; and to pay certain pre-petition trade claims held by critical vendors. ~~Trump~~Under the priority schedule established by the Bankruptcy Code, ~~Marina’s~~certain ~~gaming~~post-petition ~~costs~~and ~~increased~~pre-petition $0liabilities need to be satisfied before general unsecured creditors and equity holders are entitled to receive any distribution.8 ~~million~~At ~~primarily~~this ~~due~~time, it is not possible to ~~increased~~predict ~~spending~~with certainty the effect of the Chapter 11 Case on ~~marketing~~our ~~programs~~business or various creditors, ~~which~~or ~~was~~when ~~incurred~~we towill ~~stimulate~~emerge ~~gaming~~from ~~revenues~~these proceedings. ~~Trump~~Our ~~Indiana’s~~future ~~gaming~~results ~~costs~~depend ~~increased~~upon ~~$0.1~~our ~~million~~confirming ~~from~~and successfully implementing, on a timely basis, the ~~comparable~~Plan ~~period~~(as indiscussed below). The continuation of ~~2001~~the Chapter 11 Case, particularly if the Plan is not timely approved or confirmed, could further adversely affect our operations.

22The filing of the Chapter 11 Case constituted an event of default and therefore triggered repayment obligations under the $493.3 million senior secured facility entered into by the Company on December 21, 2007 (the “2007 Credit

~~Table~~27 ~~of Contents~~

~~General~~ Facility”) and ~~administrative~~the ~~expenses were~~ $~~130.~~1,250.0 million ~~for~~of ~~the~~Senior ~~six~~Secured ~~months~~Notes ~~ended June~~issued ~~30,~~by ~~2002~~TER Holdings and its wholly owned finance subsidiary, aTrump $1Entertainment Resorts Funding, Inc.7 ~~million~~(“TER Funding”) on May 20, or2005 1(the “Senior Notes”).3% As a result, ~~decrease~~all ~~from~~indebtedness ~~$131.8~~outstanding ~~million~~under inthe Senior Notes and the ~~comparable~~2007 ~~period~~Credit inFacility ~~2001~~became automatically due and payable. ~~General~~Under the Bankruptcy Code, actions to collect pre-petition indebtedness, as well as most pending litigation, are stayed and ~~administrative~~other ~~expenses~~contractual ~~include~~obligations ~~expenses~~against ~~incurred~~the byDebtors ~~THCR~~generally ~~Management~~may ofnot $0be enforced.5 ~~million~~Absent an order of the Bankruptcy Court, ~~including~~substantially all pre-~~opening~~petition ~~costs~~liabilities are subject to settlement under a plan of ~~$0.4~~reorganization ~~million~~to be approved by the Bankruptcy Court. Consequently, the Company has classified the indebtedness under the Senior Notes and the 2007 Credit Facility within current liabilities in its Condensed Consolidated Balance Sheets.

~~THCR~~On ~~previously~~February 23, ~~announced its intention to refinance or modify the terms of its public debt which was approximately $1.7 billion aggregate principal amount as of June 30~~2009, ~~2002. During~~ the ~~six~~Bankruptcy ~~months~~Court ~~ended~~entered ~~June~~an ~~30,~~order ~~2002,~~approving ~~debt renegotiation costs of $3.1 million were incurred: $1.6 million by Trump AC~~ on ~~its $1.3 billion outstanding debt, $1.1 million~~an byinterim ~~Trump~~basis ~~Marina,~~the ~~$0.3~~terms ~~million~~pursuant byto ~~Trump~~which ~~Indiana~~the ~~and~~Debtors ~~$0.1~~are ~~million~~permitted byto ~~THCR~~use ~~Holdings. Accordingly,~~ the ~~debt~~cash ~~renegotiation~~collateral ~~costs~~under ~~have been expensed in~~ the ~~accompanying~~2007 ~~Statements~~Credit ~~of Operations~~Facility. ~~THCR~~Such ~~and~~use ~~its~~was ~~subsidiaries~~permitted ~~will~~in ~~continue~~exchange tofor ~~seek to refinance~~ certain ~~debt~~protections ~~when~~afforded ~~market~~to ~~conditions~~the ~~are~~lenders ~~favorable.~~under ~~See~~the ~~“General.~~2007 ~~The~~Credit ~~Company Has Substantial Indebtedness” and “Item 5~~Facility. ~~Other Information.”~~

~~During~~As ~~the~~described ~~six~~in ~~months~~Note ~~ended~~1 ~~June~~to ~~30,~~our ~~2002,~~Condensed ~~Trump~~Consolidated ~~Indiana~~Financial ~~paid~~Statements, ~~sales~~on ~~tax~~August 4, ~~assessed~~2009, by the ~~State~~Debtors offiled ~~Indiana~~with ~~relating~~the toBankruptcy Court ~~its~~a ~~vessel~~joint inchapter ~~the~~11 ~~amount~~plan of ~~$1.8~~reorganization ~~million.~~and Asa ~~this~~Disclosure ~~assessment~~Statement isrelating ~~being~~to ~~appealed~~the ~~by Trump~~Plan. ~~Indiana,~~The itDisclosure ~~has~~Statement ~~been~~describes ~~included~~the inprocedures ~~other~~for ~~assets.~~the ~~Trump~~solicitation ~~Indiana~~of ~~believes~~votes ~~that~~as well as the $1Plan.8 ~~million~~See ~~will~~Note be1 ~~recoverable~~for onmore ~~settlement~~information ofon the ~~appeal~~Plan.

~~Seasonality~~General. Cash flows from the operating activities of our casino properties constitute our primary source of liquidity. We may need to obtain additional financing to meet all of our liquidity requirements and other obligations. Currently our liquidity and cash flow is affected by a variety of factors, many of which are outside of our control, including the current global economic distress, the tightening of the credit markets, as well as the downturn in the Atlantic City gaming market, regulatory issues, competition, and other general business conditions. We cannot assure you that we will possess sufficient liquidity to fund our operations and capital expenditures. There can be no assurance as to our ability to obtain sufficient financing and meet our obligations. We are currently financing our operations during our reorganization using our cash on hand. The challenges of obtaining financing are exacerbated by adverse conditions in the general economy and the current tightening in the credit market. These conditions and our Chapter 11 Case make it more difficult for us to obtain financing.

~~The~~We ~~casino~~are ~~industry~~operating in ~~Atlantic~~an ~~City~~extremely ~~and~~challenging ~~Indiana~~business isenvironment. ~~seasonal~~Cash inflows ~~nature~~provided ~~with~~by operating activities were $1.1 million during the ~~peak~~six ~~season~~months ~~occurring~~ended June 30, 2009 compared to $16.7 million of cash used in operating activities during the ~~second~~six ~~and~~months ~~third~~ended ~~quarters~~June 30, 2008. ~~Accordingly,~~The ~~the~~increase ~~results~~in ofour cash flow from operations ~~for~~is ~~the~~principally ~~period~~due ~~ending~~to ~~June~~lower ~~30,~~cash ~~2002~~paid ~~are~~for ~~not~~interest as ~~necessarily~~a ~~indicative~~result of not making the ~~operating~~June 1, ~~results~~2009 ~~for~~interest apayment ~~full~~on ~~year~~the Senior Notes partially offset by the decrease in gaming revenues.

Cash flows used in investing activities were $19.4 million during the six months ended June 30, 2009 compared to $60.7 million during the six months ended June 30, 2008. Investing activities during 2009 include capital ~~ITEM~~expenditures ~~3—QUANTITATIVE~~of ~~AND~~$22.1 ~~QUALITATIVE~~million, ~~DISCLOSURES~~of ~~ABOUT~~which ~~MARKET~~approximately ~~RISK~~$17.0 million related to the construction of the Chairman Tower, and $7.8 million of proceeds related to certain Casino Reinvestment Development Authority (“CRDA”) investments. Investing activities during the six months ended June 30, 2008 included capital expenditures of $94.9 million. Capital expenditures during the six months ended June 30, 2008 included $70.4 million related to the construction of the Chairman Tower. The decrease in restricted cash during the six months ended June 30, 2008 reflects the use of proceeds from borrowings which were restricted for expenditures associated with the construction of the Chairman Tower.

~~Not~~Our ~~applicable~~financing activities during the six months ended June 30, 2009 include repayments of $2.5 million of our outstanding term loan. During the six months ended June 30, 2008, our cash flows provided by financing activities of $46.0 million consisted of $50.0 million in borrowings under our 2007 Credit Facility, repayments of $2.1 million of our outstanding term loan and $1.5 million of our capital lease obligations. We also paid $0.4 million in partnership distributions to Mr. Trump during the six months ended June 30, 2008.

23At June 30, 2009, we had approximately $65.4 million in cash and cash equivalents. Our cash and cash equivalents do not include $2.6 million in restricted cash representing amounts used to secure outstanding letters of credit.

~~Table~~At June 30, 2009, there was a $486.3 million term loan outstanding under our 2007 Credit Facility. We also had $1,249.0 million of ~~Contents~~Senior Notes outstanding. The filing of the Chapter 11 Case constituted an event of default or otherwise triggered repayment obligations under the Senior Notes and the 2007 Credit Facility. As a result, all indebtedness outstanding under the Senior Notes and the 2007 Credit Facility became automatically due and payable, subject to an automatic stay of any action to collect, assert, or recover a claim against the Debtors and the application of applicable bankruptcy law.

~~PART~~28 ~~II—OTHER INFORMATION~~

TER has minimal operations, except for its ownership of TER Holdings and its subsidiaries. TER depends on ~~ITEM~~the ~~1—LEGAL~~receipt ~~PROCEEDINGS~~of sufficient funds from its subsidiaries to meet its financial obligations. The ability of our subsidiaries to make payments to TER Holdings may also be restricted by the New Jersey Casino Control Commission (“CCC”).

~~General. THCR~~Off ~~and~~Balance ~~certain of~~Sheet ~~its~~Arrangements employees have been involved in various legal proceedings. Such persons are vigorously defending the allegations against them. In general, THCR has agreed to indemnify such persons against any and all losses, claims, damages, expenses (including reasonable costs, disbursements and counsel fees) and liabilities (including amounts paid or incurred in satisfaction of settlements, judgments, fines and penalties) incurred by them in said legal proceedings.

~~Various~~We have ~~other~~not ~~legal~~entered ~~proceedings~~into ~~are~~any ~~now~~transactions ~~pending~~with ~~against~~unconsolidated ~~THCR.~~entities ~~Except~~whereby aswe ~~set~~have ~~forth~~financial ~~herein~~guarantees, ~~and~~subordinated inretained ~~THCR’s Annual Report on Form 10-K for the year ended December 31~~interest, ~~2001,~~derivative ~~THCR~~instruments ~~considers~~or ~~all~~other ~~such~~contingent ~~proceedings~~arrangements tothat beexpose ~~ordinary~~us ~~litigation incident~~ to ~~the character of its business and not~~ material tocontinuing ~~its~~risks, ~~business~~contingent liabilities or ~~financial~~any ~~condition.~~other ~~THCR~~obligation ~~believes~~under ~~that~~a ~~the~~variable ~~resolution~~interest ofin ~~these~~an ~~claims,~~unconsolidated ~~to the~~entity ~~extent~~that ~~not~~provides ~~covered by insurance~~financing, ~~will not~~liquidity, ~~individually~~market orrisk ~~in the aggregate, have a material adverse effect on its financial condition~~ or ~~results~~credit ofrisk ~~operations~~support ofto ~~THCR~~us.

~~ITEM~~Analysis ~~2—CHANGES~~of INResults ~~SECURITIES~~of ~~AND~~Operations ~~USE OF PROCEEDS~~

~~None~~Our primary business activities are conducted by Trump Taj Mahal, Trump Plaza and Trump Marina. Our 2009 operating results continue to be affected by various factors including the effects of competition in adjoining states and a weakened economy. The following analyses of our results of operations should be read in conjunction with and give consideration to the following:

Gross Gaming Revenues. For the three months ended June 30, 2009, ~~ITEM~~gross ~~3—DEFAULTS~~gaming ~~UPON~~revenues ~~SENIOR~~in ~~SECURITIES~~the Atlantic City market (as reported to the CCC) decreased 14.5% due to a 14.8% decrease in slot revenues and a 13.7% decrease in table game revenues compared to the three months ended June 30, 2008. For the three months ended June 30, 2009, we experienced a 15.5% decrease in overall gross gaming revenues comprised of a 14.0% decrease in slot revenues and a 18.8% decrease in table game revenues compared to the prior-year period.

~~None~~For the six months ended June 30, 2009, gross gaming revenues in the Atlantic City market (as reported to the CCC) decreased 15.3% due to a 15.9% decrease in slot revenues and a 14.1% decrease in table game revenues compared to the six months ended June 30, 2008. For the six months ended June 30, 2009, we experienced a 14.0% decrease in overall gross gaming revenues comprised of a 14.9% decrease in slot revenues and a 12.2% decrease in table game revenues compared to the prior-year period.

Impairment Charges. ~~ITEM~~We ~~4—SUBMISSION~~review OFour ~~MATTERS~~long-lived TOassets Afor ~~VOTE~~impairment OFwhen ~~SECURITY~~events ~~HOLDERS~~or circumstances indicate that the carrying value of such assets might not be recoverable. During the three and six months ended June 30, 2009, based upon the results of our testing, we recorded impairment charges totaling $536.2 million related to Trump Plaza’s and Trump Marina’s long-lived assets.

AtWe ~~the~~review ~~2002~~our ~~Annual Meeting~~indefinite-lived ofintangible ~~stockholders~~assets ~~held~~for onimpairment ~~June~~annually 12as of October 1, ~~2002~~or atmore ~~the~~frequently ~~Taj~~if ~~Mahal,~~events or circumstances indicate that the ~~stockholders~~value of ~~THCR~~those intangible assets might be impaired. As a result of ~~record~~the asnegative effects of ~~April~~the ~~17,~~aforementioned ~~2002~~factors ~~voted~~on inour ~~person~~operating orresults, bywe ~~proxy~~recognized tointangible ~~elect~~asset ~~the~~impairment ~~following~~charges ~~five~~related ~~Directors~~to ofTrump ~~THCR.~~Taj ~~The~~Mahal ~~number~~and ofTrump ~~votes~~Plaza ~~cast~~trademarks ~~for~~totaling ~~each~~$20.5 ofmillion during the ~~director-nominees~~ ~~were~~three asand ~~follows:~~six months ended June 30, 2009.

	Common Stock
	For	Withheld	Abstentions	Broker Nonvotes
Donald J. Trump	33,541,032	725,204	Not Applicable	None
Wallace B. Askins	33,619,726	646,510	Not Applicable	None
Don M. Thomas	33,565,096	701,140	Not Applicable	None
Peter M. Ryan	33,683,069	583,167	Not Applicable	None
Robert J. McGuire	33,683,671	582,565	Not Applicable	None

In connection with entering into the Marina Agreement, we recognized goodwill and other intangible asset impairment charges related to Trump Marina during the three and six months ended June 30, 2008. The intangible asset impairment charges related to Trump Marina trademarks totaling $18.6 million and goodwill totaling $2.3 million.

~~All~~Basis ~~1,000~~of ~~shares~~Presentation. ofThe ~~Class~~accompanying Bcondensed ~~Common~~consolidated ~~Stock~~financial statements have been prepared in accordance with AICPA Statement of Position (“SOP”) No. 90-7, ~~having~~“Financial Reporting by Entities in Reorganization under the ~~voting~~Bankruptcy Code” (“SOP 90-7”) and on a going concern basis, which contemplates continuity of operations, realization of assets ~~equivalency~~and liquidation of 13liabilities in the ordinary course of business. The ability of the Company,~~918~~ both during and after the Chapter 11 Case,~~723~~ ~~shares~~to ofcontinue ~~THCR~~as ~~Common~~a ~~Stock~~going concern is contingent upon, ~~were~~among ~~voted~~other ~~for~~things; (i) the ~~election~~ability of ~~each~~the Company to generate cash from operations and to maintain adequate cash on hand; (ii) the resolution of the ~~above-named~~uncertainty ~~director-nominees,~~as to the amount of claims that will be allowed; (iii) the ability of the Company to confirm the Plan under the Bankruptcy Code and obtain ~~are~~any ~~included~~debt and equity financing which may be required to emerge from bankruptcy protection; and (iv) the Company’s ability to achieve profitability. There can be no assurance that the Company will be able to successfully achieve these objectives in order to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments that might result should the ~~above~~Company ~~table~~be unable to continue as a going concern.

2429

~~Table~~The following table includes selected data of ~~Contents~~our casino properties and should be read with the following discussion of our results of operations.

ITEM 5—OTHER INFORMATION


	Three Months Ended June 30,						Six Months Ended June 30,
	2009			2008			2009			2008
Gaming revenues
Trump Taj Mahal	$	102.5		$	112.0		$	219.8		$	229.9
Trump Plaza		53.3			66.3			102.4			133.0
Trump Marina		40.6			53.8			81.9			107.3

Total	$	196.4		$	232.1		$	404.1		$	470.2


Net revenues
Trump Taj Mahal	$	103.6		$	113.0		$	211.8		$	227.0
Trump Plaza		52.1			64.9			98.7			128.2
Trump Marina		39.5			53.7			76.9			104.0

Total	$	195.2		$	231.6		$	387.4		$	459.2


Income (loss) from operations
Trump Taj Mahal	$	(1.7	)	$	13.5		$	0.1		$	25.9
Trump Plaza		(349.5	)		1.8			(358.3	)		4.1
Trump Marina		(204.8	)		(16.8	)		(207.6	)		(17.6	)
Corporate and other		(10.1	)		(13.8	)		(27.2	)		(20.2	)

Total	$	(566.1	)	$	(15.3	)	$	(593.0	)	$	(7.8	)


Depreciation and amortization
Trump Taj Mahal	$	10.2		$	8.8		$	20.6		$	17.4
Trump Plaza		3.7			5.0			7.6			9.8
Trump Marina		0.2			2.9			0.4			6.4
Corporate and other		0.1			0.1			0.1			0.3

Total	$	14.2		$	16.8		$	28.7		$	33.9


Reorganization expense
Trump Taj Mahal	$	—		$	—		$	4.6		$	—
Trump Plaza		—			—			2.3			—
Corporate and other		4.8			—			16.7			—

Total	$	4.8		$	—		$	23.6		$	—

~~Subsequent~~Comparison ~~Events~~of Three-Month Periods Ended June 30, 2009 and 2008.

OnEach ~~July 3, 2002, the State~~ of ~~New~~our ~~Jersey~~properties’ ~~passed the New Jersey Tax Act (the “Act”). This Act, among other things, requires the suspension of the use of the New Jersey net~~ operating ~~loss~~results ~~carryforwards~~were ~~for two years and the introduction of a new alternative minimum amount under the New Jersey corporate business tax based on gross receipts or gross profits,~~ as ~~defined.~~follows: The Act is retroactive to January 1, 2002. As a result of the change in tax law, THCR has preliminarily estimated that it will record a charge to income tax expense of approximately $3 million to $5 million for the year ended December 31, 2002. This charge will be recorded beginning in the period in which the tax law (third quarter) was passed pursuant to the accounting literature in Financial Accounting Standards Board Statement Number 109, “Accounting for Income Taxes.”

~~On July 10, 2002, consistent with the Contribution Agreement, dated June 12, 1995, between~~ Trump ~~and~~Taj ~~THCR~~Mahal ~~Holdings,~~– ~~Trump granted,~~Net atrevenues nodecreased ~~cost,~~$9.4 tomillion ~~THCR~~principally ~~Holdings~~due ~~the Option~~ to ~~purchase~~a ~~Trump’s~~decrease ~~RHC Shares. RHC is the owner and operator of the Riviera Hotel & Casino located~~ in ~~Las~~gaming ~~Vegas, Nevada~~revenues. The ~~Option~~decrease isin ~~exercisable~~gaming atrevenues awas ~~purchase~~primarily ~~price~~due ~~equal~~ to ~~the~~a ~~greater of:~~$4.9 ~~(i)~~million ~~Trump’s~~decrease ~~cost~~in ofslot ~~acquiring~~revenue ~~the~~and ~~RHC Shares (~~a $~~2,275,000~~4.5 ~~plus~~million ~~incurred~~decrease ~~brokerage~~in ~~commissions)~~table orgames ~~(ii)~~revenue. ~~the~~The ~~fair~~decrease ~~market~~in ~~value~~slot ofrevenue ~~the~~resulted ~~RHC~~mainly ~~Shares~~from ~~based~~an ~~upon~~8.3% ~~the~~decrease 20in ~~trading~~slot ~~day average closing price of the shares of common stock of RHC as reported on the American Stock Exchange preceding the exercise of the Option~~handle. OnTable ~~July~~games ~~10,~~revenue ~~2002,~~decreased ~~Trump~~principally ~~and~~due ~~THCR~~to ~~jointly filed~~ a ~~Schedule~~significant ~~13D~~decrease ~~therein~~in ~~reflecting~~table ~~Trump’s~~game ~~purchase~~hold ~~of the RHC Shares and THCR’s beneficial ownership of the RHC Shares by virtue of the Option~~percentage.

OnIncome ~~July~~from 12operations, ~~2002~~before a $3.7 million intangible asset impairment charge, ~~Trump’s~~decreased ~~Castle~~$11.5 ~~Associates~~million ~~redeemed~~due to the ~~Castle~~decrease ~~Senior~~in ~~Notes~~ net revenues and ~~the~~a ~~Castle~~$2.1 million ~~Working~~increase ~~Capital~~in ~~Loan~~operating ~~with~~costs ~~the~~and ~~net~~expenses. ~~proceeds~~Total ofoperating ~~the~~costs ~~Term~~and ~~Credit~~expenses ~~Facility~~increased ~~entered~~principally ~~into~~due byto: ~~Trump’s~~a ~~Castle~~$3.5 ~~Associates~~million onincrease ~~June~~in ~~12,~~provisions ~~2002~~for doubtful accounts; a $1.6 ~~The~~million ~~Term~~increase ~~Credit~~in ~~Facility~~payroll ~~matures~~and onrelated ~~November~~costs; a $1,.4 ~~2003~~million increase in depreciation expense, ~~bears~~principally ~~interest~~due atto depreciation expense associated with the Chairman Tower; and a ~~floating~~$1.8 ~~rate~~million ~~based~~increase onin property taxes and insurance costs. These increases were partially offset by: a $1.8 million decrease in ~~the~~marketing ~~Eurodollar~~and ~~rate~~entertainment ~~(LIBOR~~costs; ~~based)~~a ($1.7 million decrease in electricity and thermal energy costs; a $1.~~375%~~2 asmillion ofdecrease ~~July~~in ~~12,~~gaming ~~2002),~~taxes and isregulatory ~~secured~~fees; byand ~~substantially~~a ~~all~~$0.8 million reversal of ~~the~~provisions ~~assets~~related to CRDA investments due to the receipt of ~~Trump’s~~proceeds ~~Castle~~which ~~Associates~~were onfunded afrom ~~first~~certain ~~priority~~of ~~basis~~our CRDA investments.

On30 August 5, 2002, dockside gaming was implemented at Trump Indiana pursuant to recently enacted legislation. Dockside gaming eliminates the requirement to cruise, provides patrons continual access to the Trump Indiana vessel during gaming hours and increases the gaming day by one hour.

25Trump Plaza – Net revenues decreased $12.8 million due to a $13.0 million decrease in gaming revenue and a $1.3 million decrease in cash rooms, food and beverage revenue partially offset by a $1.5 million decrease in gaming promotional offers. Gaming revenues decreased due to a $9.1 million decrease in slot revenue and a $3.9 million decrease in table game revenue. The decrease in slot revenue was principally due to a 21% decrease in slot handle. Table game revenue decreased principally due to an 18% decrease in table game play.

~~Table~~Income offrom ~~Contents~~operations before non-cash intangible and long-lived asset impairment charges decreased $3.5 million as the $12.8 million decrease in net revenues was partially offset by a $9.3 million decrease in operating expenses. The decline in operating expenses was primarily attributable to: a $1.6 million decrease in payroll and related costs; a $1.4 million decrease in gaming taxes, due to lower gaming revenues; a $1.4 million decrease in marketing and entertainment expenses; a $1.3 million decrease in depreciation and amortization expense; a $1.2 million decrease in utility costs; and a $0.9 million decrease in general and administrative expenses.

Trump Marina – Loss from operations before non-cash impairment charges during the three months ended ~~ITEM~~June 30, ~~6—EXHIBITS~~2009 ~~AND~~includes ~~REPORTS~~(i) a ON$14.2 ~~FORM~~million decrease in net revenues, principally due to a $13.2 million decline in gaming revenues, (ii) $15.2 million of income recognized in connection with the termination of the amended Marina Agreement and (iii) a $12.8-K million decrease in operating costs and expenses primarily due to: a $2.7 million decrease in depreciation expense; a $2.5 million decrease in promotional expenses; a $2.3 million decrease in payroll and related costs; a $1.3 million decrease in gaming taxes; a $1.2 million decrease in utility costs; and a $1.0 million decrease in marketing and entertainment costs.

aCorporate and Other – Corporate and other expenses excluding reorganization expenses in 2009 and transaction costs and intangible asset impairment charges associated with the Marina Agreement in 2008, decreased $1. ~~Exhibits:~~0 million principally due to decreases in legal fees and stock-based compensation expense.

10.85		Credit Agreement, dated as of June 12, 2002, among Trump’s Castle Associates, L.P. and the lending institutions listed therein and Deutsche Bank Trust Company Americas, as Administrative Agent.
10.86		Intercreditor Agreement, dated as of June 12, 2002, among Deutsche Bank Trust Company Americas and U.S. Bank National Association, and consented to by Trump’s Castle Associates, L.P. and Trump’s Castle Funding, Inc.
10.87		Indenture of Mortgage and Security Agreement, dated as of June 12, 2002, between Trump’s Castle Associates, L.P. and Deutsche Bank Trust Company Americas.
10.88		Assignment of Leases and Rents and Assignment of Operating Assets, dated as of June 12, 2002, between Trump’s Castle Associates, L.P. and Deutsche Bank Trust Company Americas.
99.1		Certification of the Chief Executive Officer of the Registrants Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
99.2		Certification of the Chief Financial Officer of the Registrants Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
b. Current Reports on Form 8-K:

Our other overall costs were as follows:

OnInterest ~~April~~Income ~~25,~~– ~~2002,~~Interest ~~the~~income ~~Registrants~~was ~~filed~~$0.4 amillion ~~Current~~during ~~Report on Form 8-K with~~ the ~~SEC~~three ~~therein~~months ~~announcing~~ended ~~that Trump Casino Holdings~~June 30, ~~LLC~~2009 ~~and~~compared ~~Trump~~to ~~Casino Funding, Inc~~$1.0 million ~~would~~during ~~offer~~the ~~for~~three ~~private~~months ~~placement~~ended ~~to qualified institutional buyers~~June 30, ~~$470~~2008 ~~million~~due ~~aggregate~~to ~~principal~~lower ~~amount~~average ofinvested acash ~~new~~and ~~issue~~cash ofequivalents ~~first~~and ~~mortgage~~interest ~~notes due 2010~~rates.

OnInterest ~~May~~Expense ~~20,~~– ~~2002,~~Interest ~~the~~expense ~~Registrants~~increased ~~filed~~$7.2 amillion ~~Current~~to ~~Report~~$38.9 onmillion ~~Form~~during ~~8-K~~the ~~with~~three months ended June 30, 2009 compared to the ~~SEC~~three ~~therein announcing~~months ~~that~~ended ~~THCR~~June 30, ~~had~~2008. ~~decided~~Interest ~~not~~expense increased due to (i) higher doaverage borrowings outstanding under the ~~above-referenced~~2007 ~~private~~Credit ~~placement~~Facility, (ii) a $3.3 ~~The~~million decrease in capitalized interest ~~rates~~as ~~were~~a ~~unacceptable~~result of the completion of the Chairman Tower and (iii) the accrual of default interest related to the past due December 1 ,2008 and June 1, 2009 interest payments on the ~~Company~~Senior Notes.

OnProvision ~~June~~for 4,Income ~~2002,~~Taxes ~~the~~– We ~~Registrants~~recorded ~~filed~~an a$8.3 ~~Current~~million ~~Report~~income ontax ~~Form~~benefit ~~8-K~~during ~~with~~ the ~~SEC~~three ~~therein~~months ~~announcing~~ended ~~that~~June 30, ~~THCR~~2009 ~~and~~reflecting ~~its~~the ~~subsidiaries~~impact ~~dismissed~~of ~~Arthur~~a ~~Andersen~~reduction ~~LLP,~~in ~~(“Andersen”)~~our asnet ~~their independent~~deferred ~~public~~tax ~~accountants~~liabilities onas ~~June~~a 3,result ~~2002.~~of ~~THCR’s~~the ~~Audit~~intangible ~~Committee~~asset impairment charges and ~~Board~~the portion of ~~Directors~~the long-lived ~~participated~~asset inimpairment ~~and~~charges ~~approved~~relating ofto ~~the~~land. ~~decision~~We torecorded ~~dismiss~~a ~~Andersen~~$6.2 ~~Also,~~million inincome ~~the~~tax ~~same~~benefit ~~Form~~during ~~8-K,~~ the ~~Registrants~~three ~~announced~~months ~~that~~ended June 30, 2008 reflecting the ~~firm~~impact of ~~Ernst~~a ~~& Young~~reduction ~~LLP~~in ~~had~~our ~~been~~net ~~engaged~~deferred totax ~~replace~~liabilities ~~Andersen~~ as ~~the~~a ~~independent~~result ~~accountants~~ of ~~THCR~~the intangible ~~and~~asset ~~its~~impairment ~~subsidiaries~~charges.

OnComparison ~~June~~of ~~13, 2002, the Registrants filed a Current Report on Form 8~~Six-KMonth ~~with~~Periods ~~the~~Ended ~~SEC~~June 30, ~~therein~~2009 ~~announcing that Trump’s Castle Associates entered into the Term Credit Facility. The net proceeds of the Term Credit Facility were used to redeem Castle Senior Notes~~ and ~~retire the Castle Working Capital Loan on July 12, 2002~~2008. ~~See “Item 5. Other Information.”~~

26Each of our properties’ operating results were as follows:

Trump Taj Mahal – Net revenues decreased $15.2 million principally due to a $10.1 million decrease in gaming revenues and a $5.4 million increase in gaming promotional offers partially offset by a $0.3 million increase in cash rooms, food and beverage and entertainment revenue. The decrease in gaming revenues was due to a $10.9 million decrease in slot revenue partially offset by a $0.8 million increase in table games and other gaming revenue. The decrease in slot revenue resulted from a 9% decrease in slot handle. Table ofgames ~~Contents~~revenue increased principally due to a 5.5% increase in table game play.

Before consideration of $4.6 million of non-cash reorganization expense and a $3.7 million intangible asset impairment charge, income from operations decreased $17.5 million due to the decrease in net revenues and a ~~SIGNATURES~~ $2.3 million increase in operating costs and expenses. Total operating costs and expenses increased principally due to: a $4.4 million increase in provisions for doubtful accounts; a $3.3 million increase in depreciation expense, principally due to depreciation expense associated with the Chairman Tower; a $3.0 million increase in property taxes and insurance costs; and a $1.2 million increase in payroll and related costs. These increases were partially offset by: a $2.9 million decrease in marketing and entertainment costs; a $2.4 million decrease in electricity and thermal energy costs; a $1.6 million decrease in provisions related to our CRDA investments, principally due to the previously mentioned $0.8 million reversal of CRDA investment provisions; a $0.9 million decrease in gaming taxes and regulatory fees; and a $1.0 million decrease in advertising costs.

~~Pursuant~~31 ~~to the requirements of the Securities Exchange Act of 1934, as amended, each of the registrants has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.~~

	TRUMP HOTELS & CASINO RESORTS, INC. (Registrant)
Date: August 14, 2002	By:	/S/ FRANCIS X. MCCARTHY, JR.
		Francis X. McCarthy, Jr. Executive Vice President of Finance and Chief Financial Officer (Duly Authorized Officer and Principal Financial Officer)

Trump Plaza – Net revenues decreased $29.5 million principally due to a $30.6 million decrease in gaming revenues and a $2.2 million decrease in cash rooms, food and beverage revenue partially offset by a $3.6 million decrease in gaming promotional offers. The decrease in gaming revenues was due to a $19.5 million decrease in slot revenue and an $11.1 million decrease in table game revenue. The decrease in slot revenue was principally due to a 23% decrease in slot handle. Table game revenue decreased due to a 16% decrease in table game play and a significant decrease in hold percentage.

	TRUMP HOTELS & CASINO RESORTS HOLDINGS, L.P. (Registrant) By: TRUMP HOTELS & CASINO RESORTS, INC., its general partner
Date: August 14, 2002	By:	/S/ FRANCIS X. MCCARTHY, JR.
		Francis X. McCarthy, Jr. Executive Vice President of Finance and Chief Financial Officer (Duly Authorized Officer and Principal Financial Officer)

Before consideration of impairment charges and $2.3 million of non-cash reorganization expense, income from operations decreased $12.3 million as the $29.5 million decrease in net revenues was partially offset by a $17.2 million decrease in operating expenses. The decline in operating expenses was primarily attributable to: a $3.9 million decrease in payroll and related costs; a $2.6 million decrease in gaming taxes and regulatory fees, principally due to lower gaming revenues; a $2.5 million decrease in marketing and entertainment expenses; a $2.2 million decrease in depreciation expense; a $1.8 million decrease in utility costs; a $1.2 million decrease in property tax and insurance costs; and a $3.0 million net decrease in other costs and expenses, principally general and administrative expenses and the cost of food and beverage sales.

	TRUMP HOTELS & CASINO RESORTS FUNDING, INC. (Registrant)
Date: August 14, 2002	By:	/S/ FRANCIS X. MCCARTHY, JR.
		Francis X. McCarthy, Jr. Executive Vice President of Finance and Chief Financial Officer (Duly Authorized Officer and Principal Financial Officer)

Trump Marina – Loss from operations before a long-lived asset impairment charge during the six months ended June 30, 2009 includes (i) a $27.1 million decrease in net revenues, principally due to a $25.4 million decline in gaming revenues, (ii) $15.2 million of income recognized in connection with the termination of the amended Marina Agreement and (iii) a $23.8 million decrease in operating costs and expenses principally due to: a $6.0 million decrease in depreciation expense; a $4.3 million decrease in payroll and related costs; a $4.3 million decrease in promotional expenses; a $2.2 million decrease in gaming taxes; a $1.8 million decrease in cost of goods sold; a $1.7 million decrease in marketing and entertainment costs; and a $1.7 million decrease in utility costs.

27Corporate and Other – Corporate and other expenses excluding reorganization expenses in 2009 and transaction costs and intangible asset impairment charges associated with the Marina Agreement in 2008, decreased $2.3 million principally due to decreases in legal fees and stock-based compensation expense.

Our other overall costs were as follows:

Interest Income – Interest income was $0.9 million during the six months ended June 30, 2009 compared to $3.0 million during the six months ended June 30, 2008 due to lower average invested cash and cash equivalents and interest rates.

Interest Expense – Interest expense increased $12.6 million to $78.1 million during the six months ended June 30, 2009 compared to the six months ended June 30, 2008. Interest expense increased due to (i) higher average borrowings outstanding under the 2007 Credit Facility, (ii) a $5.7 million decrease in capitalized interest as a result of the completion of the Chairman Tower and (iii) the accrual of default interest related to the past due interest payment on the Senior Notes.

Provision for Income Taxes – We recorded an $8.3 million income tax benefit during the six months ended June 30, 2009 reflecting the impact of a reduction in our net deferred tax liabilities as a result of the intangible asset impairment charges and the portion of the long-lived asset impairment charges relating to land. We recorded a $6.2 million income tax benefit during the six months ended June 30, 2008 reflecting the impact of a reduction in our net deferred tax liabilities as a result of the intangible asset impairment charges.

Critical Accounting Estimates

General – Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States, which require our management to make estimates and assumptions about the effects of matters that are inherently uncertain. Of our accounting estimates, we believe the following may involve a higher degree of judgment and complexity.

Intangible Assets – We had approximately $35.6 million of intangible assets recorded on our balance sheet at June 30, 2009. We regularly evaluate our businesses for potential impairment indicators. Additionally, we perform impairment testing at least annually. Our judgments regarding the existence of impairment indicators are based on, among other things, pending sales of assets, the regulatory and competitive status, operational performance of each of

our businesses, and financial market valuations of conditions surrounding our business entities and the gaming industry. Future events, such as the failure to meet or exceed our operating plans, increased competition, the enactment of increased gaming or tax rates, or changes in market valuations could significantly impact our judgments and any resulting impairment loss could have a material adverse impact on our financial condition and results of operations.

Property and Equipment – Our operations are capital intensive and we make capital investments at each of our properties in the form of maintenance capital and, from time to time, expansion and product enhancement capital. At June 30, 2009, we had approximately $1,150.3 million of net property and equipment recorded on our balance sheet. We depreciate our assets on a straight-line basis over their estimated useful lives. The estimates of the useful lives are based on the nature of the assets as well as our current operating strategy. Future events, such as property expansions, new competition and new regulations, could result in a change in the manner in which we use certain assets requiring a change in the estimated useful lives of such assets. In assessing the recoverability of the carrying value of property and equipment, we must make assumptions regarding estimated future cash flows and other factors. If these estimates or the related assumptions change in the future, we may be required to record additional impairment charges for these assets.

TrumpONE Liability – Our unified player’s program, TrumpONE, allows customers to accumulate certain point-based rewards based on the volume of their gaming activity. TrumpONE customers may earn comp dollars redeemable for complimentary food, beverage and retail items and “cash-back points” which are redeemable in cash. Comp dollars and cash-back points accumulate over time and may be redeemed at the customer’s discretion under the terms of the program. Comp dollars and cash-back points are forfeited if a customer does not redeem earned rewards over a specified period of time. As a result of the ability of the customer to accumulate comp dollars and cash-back points, we accrue the associated expense, after giving effect to estimated forfeitures, as they are earned. At June 30, 2009, $2.6 million was accrued related to comp dollars and $1.6 million was accrued related to cash-back points earned under this program. Our accruals could be significantly affected if estimated forfeitures vary from historical levels or changes occur in the cost of providing complimentary food, beverage and retail items under the TrumpONE program. Management reviews our accruals for adequacy at the end of each reporting period.

Insurance Accruals – Our insurance policies for employee health, workers’ compensation and general patron liabilities have significant deductible levels on an individual claim basis. We accrue a liability for known workers’ compensation and general patron liabilities based upon a review of individual claims. Additionally, we accrue an amount for incurred but not reported claims based on our historical experience and other factors. Our employee health insurance benefit accrual is based on our historical claims experience rate including an estimated lag factor. These accruals involve complex estimates and could be significantly affected should current claims vary from historical levels. Management reviews our insurance accruals for adequacy at the end of each reporting period.

Income Taxes – We are subject to income taxes in the United States and in several states. We account for income taxes, including our current, deferred and non-cash charge in lieu of tax provisions in accordance with SFAS Statement 109, “Accounting for Income Taxes” and Financial Accounting Standards Board Interpretation No. 48, “Accounting for Uncertainty in Income Taxes”. The calculation of our income tax provision is complex and requires the use of estimates. Management reviews our provision for income taxes at the end of each reporting period. Additionally, our income tax returns are subject to examination by various taxing authorities. We regularly assess the potential outcomes of these examinations in determining the adequacy of our provision for income taxes and our income tax liabilities. Inherent in our determination of any necessary reserves are assumptions based on past experiences and judgments about potential actions by taxing authorities. Our estimate of the potential outcome for any uncertain tax issue is highly judgmental. We believe we have adequately provided for any reasonable and foreseeable outcome related to uncertain tax matters. When actual results of tax examinations differ from our estimates, we adjust the income tax provision in the period in which the examination issues are settled.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Market risk is the risk of loss arising from adverse changes in market rates and prices, including interest rates, foreign currency exchange rates and commodity rates. Our primary exposure to market risk is interest rate risk associated with our long-term debt. We attempt to manage our interest rate risk by managing the mix of our long-term fixed rate and variable rate borrowings.

The following table provides information about our debt obligations that are sensitive to changes in interest rates. The following table also presents principal cash flows and related weighted average interest rates by expected maturity date of our debt obligations, except capitalized lease obligations.


(Dollars in millions)	Remainder of 2009			2010		2011		2012		2013		Thereafter		Total
Fixed rate debt maturities	$	1,249.0		$	—	$	—	$	—	$	—	$	—	$	1,249.0
Average interest rate		8.5	%
Variable rate debt maturities	$	486.3		$	—	$	—	$	—	$	—	$	—	$	486.3
Average interest rate		8.2	%

As previously discussed, on February 17, 2009, the Company and certain of its subsidiaries filed the Chapter 11 Case. The filing of the Chapter 11 Case constituted an event of default and therefore triggered repayment obligations under the Senior Notes and 2007 Credit Facility. As a result, all indebtedness outstanding under the Senior Notes and the 2007 Credit Facility (which has a cross-default provision with the Senior Notes) became automatically due and payable. Under the Bankruptcy Code, actions to collect pre-petition indebtedness, as well as most pending litigation, are stayed and other contractual obligations against the Debtors generally may not be enforced. Absent an order of the Bankruptcy Court, substantially all pre-petition liabilities are subject to settlement under a plan of reorganization to be approved by the Bankruptcy Court. Consequently, the Company has classified the indebtedness under the Senior Notes and the 2007 Credit Facility within current liabilities in its Consolidated Balance Sheets.

In addition, until such time as no event of default exists, (i) the interest rate on the Senior Notes increases by an additional 1% per annum in excess of the 8.5% interest rate on any overdue principal or interest relating to the Senior Notes (as of June 30, 2009, we are past due on our December 1, 2008 and June 1, 2009 interest payments) and (ii) the interest rate under the 2007 Credit Facility increases by an additional 2% in excess of the otherwise applicable interest rate on amounts outstanding under the 2007 Credit Facility.

We currently have no outstanding interest rate swaps. From time to time, we enter into interest rate swap agreements to change the proportion of fixed to variable rate debt within parameters established by management. In accordance with these parameters, the agreements are used to manage interest rate risks and cost inherent in our debt portfolio.

ITEM 4 and 4T. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures. Based on their evaluation as of the end of the period covered by this Quarterly Report on Form 10-Q, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”)) were effective to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and (ii) accumulated and communicated to management, including the principal executive and principal financial officers, as appropriate, to allow timely decisions regarding required disclosure.

Changes in Internal Controls Over Financial Reporting. There have been no changes in our internal controls over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fiscal quarter covered by this Form 10-Q that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

ITEM 1.

LEGAL PROCEEDINGS

A reference is made to the information contained in Note 10 of our unaudited condensed consolidated financial statements included herein, which is incorporated herein by reference.

ITEM 1A.

RISK FACTORS

In addition to the other information set forth in this Report, you should carefully consider the risk factors discussed in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10–K for the year ended December 31, 2008 (the “2008 Annual Report”). The risks described in our 2008 Annual Report, as updated by our quarterly reports on Form 10–Q, are not the only risks we face.

ITEM 2.

UNREGISTERED SALE OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

ITEM 5.

OTHER INFORMATION

None.

ITEM 6.

EXHIBITS


31.1		Certification by the Chief Executive Officer of Trump Entertainment Resorts, Inc. pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended

31.2		Certification by the Chief Financial Officer of Trump Entertainment Resorts, Inc. pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended

31.3		Certification by the Chief Executive Officer of Trump Entertainment Resorts Holdings, L.P. pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended

31.4		Certification by the Chief Financial Officer of Trump Entertainment Resorts Holdings, L.P. pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended

31.5		Certification by the Chief Executive Officer of Trump Entertainment Resorts Funding, Inc. pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended

31.6		Certification by the Chief Financial Officer of Trump Entertainment Resorts Funding, Inc. pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended

32.1		Certification of the Chief Executive Officer of Trump Entertainment Resorts, Inc. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.2		Certification of the Chief Financial Officer of Trump Entertainment Resorts, Inc. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.3		Certification of the Chief Executive Officer of Trump Entertainment Resorts Holdings, L.P. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.4		Certification of the Chief Financial Officer of Trump Entertainment Resorts Holdings, L.P. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.5		Certification of the Chief Executive Officer of Trump Entertainment Resorts Funding, Inc. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.6		Certification of the Chief Financial Officer of Trump Entertainment Funding, Inc. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, each of the registrants has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


	TRUMP ENTERTAINMENT RESORTS, INC. (Registrant)

Date: August 10, 2009	By:	/s/ JOHN P. BURKE
		John P. Burke Executive Vice President, Chief Financial Officer and Corporate Treasurer of Trump Entertainment Resorts, Inc.

	TRUMP ENTERTAINMENT RESORTS HOLDINGS, L.P. (Registrant)

	By:	TRUMP ENTERTAINMENT RESORTS, INC., its general partner

Date: August 10, 2009	By:	/s/ JOHN P. BURKE
		John P. Burke Executive Vice President, Chief Financial Officer and Corporate Treasurer of Trump Entertainment Resorts Holdings, L.P.

	TRUMP ENTERTAINMENT RESORTS FUNDING, INC. (Registrant)

Date: August 10, 2009	By:	/s/ JOHN P. BURKE
		John P. Burke Executive Vice President, Chief Financial Officer and Corporate Treasurer of Trump Entertainment Resorts Funding, Inc.

EXHIBIT INDEX


Exhibit No.		Exhibit
31.1		Certification by the Chief Executive Officer of Trump Entertainment Resorts, Inc. pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended

31.2		Certification by the Chief Financial Officer of Trump Entertainment Resorts, Inc. pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended

31.3		Certification by the Chief Executive Officer of Trump Entertainment Resorts Holdings, L.P. pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended

31.4		Certification by the Chief Financial Officer of Trump Entertainment Resorts Holdings, L.P. pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended

31.5		Certification by the Chief Executive Officer of Trump Entertainment Resorts Funding, Inc. pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended

31.6		Certification by the Chief Financial Officer of Trump Entertainment Resorts Funding, Inc. pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended

32.1		Certification of the Chief Executive Officer of Trump Entertainment Resorts, Inc. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.2		Certification of the Chief Financial Officer of Trump Entertainment Resorts, Inc. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.3		Certification of the Chief Executive Officer of Trump Entertainment Resorts Holdings, L.P. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.4		Certification of the Chief Financial Officer of Trump Entertainment Resorts Holdings, L.P. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.5		Certification of the Chief Executive Officer of Trump Entertainment Resorts Funding, Inc. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.6		Certification of the Chief Financial Officer of Trump Entertainment Resorts Funding, Inc. pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

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