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Trump Hotels & Casino Resorts, Inc. to Pursue Illinois Gaming License
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01/16/2005
NEW YORK---Aug. 20, 2003--Trump Hotels & Casino Resorts, Inc. ("THCR" or the "Company") (NYSE: DJT - News) 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.
PSLRA Safe Harbor for Forward-Looking Statements and Additional Available Information
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 THCR's or its subsidiaries' performance, trends in THCR's or its subsidiaries' 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 THCR, THCR notes 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 THCR. 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 Company's 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 Company. This Company does 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 THCR are subject to substantial risks, 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 THCR 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 periodical reports filed with the Securities and Exchange Commission (the "Commission"), 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 Commission's website, www.sec.gov, or on the Company's website, www.trump.com.
