Trump Entertainment Resorts Announces Proposal to Amend Its Credit Agreement

ATLANTIC CITY, N.J.--(BUSINESS WIRE)--Sept. 21, 2006--Trump Entertainment Resorts, Inc. (NASDAQ: TRMP) (the "Company") announced today its plan to seek an amendment (the "Amendment") to its existing $500 million credit facility (the "Credit Facility"). Under the proposed terms of the Amendment, the Company intends to refinance its existing Term Loan B with a new Term Loan B with a draw period to be extended by six months from November 2006 to May 2007. The Amendment will also modify the definition of "EBITDA" for financial covenant purposes to allow the Company to add $8,000,000 of foregone EBITDA in the quarter ending September 30, 2006 to adjust for the impact of the closing of the Company's Atlantic City, New Jersey gaming operations as mandated by the New Jersey Casino Control Commission in July 2006. All other terms and conditions of the Credit Facility will remain unchanged. The Amendment must be approved by lenders holding more than 50 percent of the aggregate commitments under the Credit Facility and closing of the new Term Loan B is conditioned on it being fully subscribed by existing and/or new lenders.

The Company anticipates that the Amendment will be completed by September 30, 2006. While there can be no assurance as to the successful completion or the timing of the transaction, the Company does not anticipate that passage of the Amendment will be necessary for the Company to be in compliance with the financial covenants of the Credit Facility at September 30, 2006.

About Trump Entertainment Resorts

Trump Entertainment Resorts, Inc. (the "Company") is a leading gaming company that owns and operates three properties. The Company's properties include Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino, located on the Boardwalk in Atlantic City, New Jersey, and Trump Marina Hotel Casino, located in Atlantic City's Marina District. Together, the properties comprise approximately 371,300 square feet of gaming space and 3,180 hotel rooms and suites. The Company is the sole vehicle through which Donald J. Trump, the Company's Chairman and largest stockholder, conducts gaming activities and strives to provide customers with outstanding casino resort and entertainment experiences consistent with the Donald J. Trump standard of excellence. Trump Entertainment Resorts, Inc. is separate and distinct from Mr. Trump's real estate and other holdings.

Cautionary Statement Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.

All statements, trend analysis and other information contained in this release relative to the parties' performance, trends in the parties' operations or financial results, plans, expectations, estimates and beliefs, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. In connection with certain forward-looking statements contained in this release and those that may be made in the future by or on behalf of the parties, the parties note that there are various factors that could cause actual results to differ materially from those set forth in any such forward-looking statements. The forward-looking statements contained in this release were prepared by management and are qualified by, and subject to, significant business, economic, competitive, regulatory and other uncertainties and contingencies, all of which are difficult or impossible to predict and many of which are beyond the control of the parties. Accordingly, there can be no assurance that the forward-looking statements contained in this release will be realized or that actual results will not be significantly higher or lower. The forward-looking statements in this release reflect the opinion of the management as of the date of this release. Readers are hereby advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time or other factors beyond the control of the parties. The parties do not intend, however, to update the guidance provided herein prior to its next release or unless otherwise required to do so. Readers of this release should consider these facts in evaluating the information contained herein. In addition, the business and operations of the Company are subject to substantial risks, including, but not limited to risks relating to liquidity and cash flows, which increase the uncertainty inherent in the forward-looking statements contained in this release. The inclusion of the forward-looking statements contained in this release should not be regarded as a representation by the parties or any other person that the forward-looking statements contained in the release will be achieved. In light of the foregoing, readers of this release are cautioned not to place undue reliance on the forward-looking statements contained herein.

Additional information concerning the potential risk factors that could affect the Company's future performance are described from time to time in the Company's periodic reports filed with the SEC, including, but not limited to, the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. These reports may be viewed free of charge on the SEC's website, www.sec.gov, or on the Company's website, www.trumpcasinos.com.