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Trump Ends Negotiations for Southern Indiana Casino

NEW YORK -- (PRESS RELEASE) -- Trump Hotels & Casino Resorts, Inc. ("THCR" or the "Company") (OTCBB: DJTCQ.OB) has announced today that it has ceased negotiations with the Indiana Gaming Commission to construct and operate a riverboat casino in Orange County, Indiana. In July 2004, the Commission awarded THCR the right to construct a riverboat-style gaming facility in Orange County. The changing landscape in Indiana, including, in part, a recent decision by the Indiana Tax Court adversely affecting the Indiana casino industry and the potential development of additional gaming facilities in the state, have caused the Company to reassess its willingness to pursue the construction project.

Scott C. Butera, the Company's President and Chief Operating Officer, commented, "The financial prospects for a casino in French Lick have changed since the time we were awarded the project. The tax burdens have become more onerous, and the proposition for additional gaming facilities in Indiana appears eminent." Mr. Butera continued, "After having constructive meetings with the Indiana Gaming Commission, we decided that it was in the best interest of the Company and the state of Indiana to cease exclusive discussions at this time. We look forward to continuing our successful business relationship with the state of Indiana through our operation of Trump Indiana in Gary."

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

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