NEW YORK, NY - Trump Hotels & Casino Resorts, Inc. (“THCR” or the “Company”) (NYSE: DJT) announced today its intent to pursue an Illinois gaming license for a riverboat gaming facility in South Suburban Chicago in alliance with the South Suburban communities of Crestwood, Riverdale, Blue Island, Ford Heights, Alsip, Midlothian, Posen, Robbins, Calumet Park and Phoenix.
Donald J. Trump, Chairman, President and Chief Executive Officer, commented, “I look forward to providing our gaming, hotel and resort development expertise to these fine communities. We believe a riverboat gaming facility in this area is true to the legislative intent of the Riverboat Gaming Act in that it will provide an economic boost to an area where the recent economic downturn has been acutely felt.”
Crestwood Mayor Chester Stranczek said, “The ancillary development associated with a South Suburban gaming project will create significant new business and job opportunities, both construction and ongoing, many of which would be filled by the citizens of the greater South Suburbs, to replace the many jobs which have left the area over the years and help the South Suburbs regain its historic economic vitality.”
The Trump/South Suburban Group did not participate in the most recent Emerald Casino bid process given its belief that the process was flawed. “It ignored the desires of the Illinois Gaming Board in failing to provide first for the needs of the State,” said Mayor Stranczek. “I agree with Mayor Stranczek that the needs of the State and the will of the Illinois Gaming Board should prevail in the Emerald proceedings and give our group an equal opportunity to obtain a license for a riverboat gaming facility,” added Mr. Trump.
THCR, through its wholly-owned subsidiaries, owns and operates Trump Plaza Hotel and Casino, Trump Taj Mahal Casino Resort and Trump Marina Hotel Casino in Atlantic City, New Jersey, as well as Trump Indiana Riverboat Casino and Hotel at Buffington Harbor in Indiana. The Company, through a wholly-owned subsidiary, also manages Trump 29 Casino located near Palm Springs, California.
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