On October 7, 2009, Trump Entertainment Resorts Holdings, L.P., a Delaware limited partnership (the "Partnership"), and Trump Entertainment Resorts, Inc., a Delaware corporation ("TER", and together with the Partnership, the "Registrants") entered into an amendment dated as of October 5, 2009 (the "Amendment") to the Purchase Agreement, dated August 3, 2009 with BNAC, Inc., a Texas corporation ("Beal"), and Donald J. Trump ("Trump", and together with Beal, the "New Partners"). A copy of the original purchase agreement (the "Purchase Agreement") was filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed on August 4, 2009. A copy of the Amendment is filed as Exhibit 10.1 hereto. The following summary is qualified in its entirety by reference to the Amendment.

Pursuant to the Amendment, the parties have agreed to amend certain provisions of the Purchase Agreement, including, but not limited to, increasing the aggregate capital contributions to the Partnership payable for the partnership interests by $13.9 million to an aggregate total of $113.9 million. The additional $13.9 million will be used for the purpose of funding the payment of such amount to the holders of the Registrants' $1.25 billion 8.5% Senior Secured Notes due 2015 pursuant to the Registrants Amended Chapter 11 Plan, which was filed with the Bankruptcy Court in connection with the Registrants Chapter 11 Cases. In addition, the New Partners consented to the Registrants and certain of their direct and indirect subsidiaries amending the Chapter 11 Plan and the Disclosure Statement related thereto. The Purchase Agreement, as amended, remains subject to the restructuring and recapitalization of the outstanding indebtedness of the Debtors pursuant to, and subject to, the consummation of the Chapter 11 Plan.

(d) Exhibits

Exhibit No.                                 Description

10.1            Purchase Agreement Amendment, dated as of October 5, 2009, among
                Trump Entertainment Resorts Holdings, L.P., Trump Entertainment
                Resorts, Inc., BNAC, Inc. and Donald J. Trump.

Date: October 8, 2009

TRUMP ENTERTAINMENT RESORTS, INC.

By: /s/ Robert M. Pickus

Name: Robert M. Pickus

Title: Chief Administrative Officer and General Counsel

TRUMP ENTERTAINMENT RESORTS HOLDINGS, L.P.

By: /s/ Robert M. Pickus

Name: Robert M. Pickus

Title: Chief Administrative Officer and General Counsel

TRUMP ENTERTAINMENT RESORTS FUNDING, INC.

By: /s/ Robert M. Pickus

Name: Robert M. Pickus

Title: Chief Administrative Officer and General Counsel