Trump Hotels & Casino Resorts, Inc. (NYSE: DJT) (“THCR” or the “Company”) announced that on April 15, 2002, the National Indian Gaming Commission approved the Company`s five-year management agreement for Trump 29 Casino located in Coachella, Southern California, 20 miles east of Palm Springs and 140 miles east of Los Angeles. The casino, renamed Trump 29 Casino upon its reopening on April 2, 2002 to record crowds, is owned by the Twenty-Nine Palms Band of Luiseno Mission Indians. Pursuant to the management agreement, THCR Management Services, LLC, a subsidiary of the Company (“THCR Management”), will manage and direct the day-to-day operations of Trump 29 Casino. Donald J. Trump, the Chairman, Chief Executive Officer and President of the Company, remarked, “We are grateful to have the National Indian Gaming Commission`s approval. Our management style and direction and the Tribe`s desire to give its patrons a totally rewarding gaming experience should prove to be a winning combination. I believe we have been successful in creating a first class gaming environment at the site and our continuing involvement with the Tribe should benefit all parties. The Trump brand - synonymous with superior customer service, gaming products and amenities - will no doubt make Trump 29 Casino a must-see gaming attraction in the Southern California area.”
The Company, through its subsidiary, Trump Hotels & Casino Resorts Development Company, LLC, was responsible for the construction and renovation of Trump 29 Casino. The second phase of construction - which is currently in progress and anticipated to be completed in the third quarter of 2002 - will feature the renovated existing 75,000-square-foot facility and contain expanded casino space including a poker room, a 2500 seat showroom, a fine-dining restaurant and a food court.
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