Trump Hotels reports $46.9 million loss from operations for fourth quarter

New York, March 18 - Trump Hotels & Casino Resorts, Inc. said it had a loss from operations of $46.9 million for the fourth quarter of 2004 compared to income of $18.6 million a year earlier.

Net revenues for the three months were $268.0 million, up from $265.8 million in the same period of 2003.

The net loss for the fourth quarter was $99.8 million compared to $40.9 million in 2003. The 2004 figures included reorganization expenses of $61.4 million - of which $39.5 million was the write-off of deferred financing costs and unamortized discounts of the public debt issues being restructured - and $21.9 million in professional fees treated as expenses.

EBITDA for the quarter was $43.5 million, down from $48.4 million for the three months to Dec. 31, 2003.

Trump Hotels & Casino Resorts, a New York casino operator, filed for bankruptcy on Nov. 22 in the U.S. Bankruptcy Court for the District of New Jersey. Its Chapter 11 case number is 04-46898.

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