FORM 4
☐

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person *
PICKUS ROBERT M
 2. Issuer Name and Ticker or Trading Symbol
TRUMP ENTERTAINMENT RESORTS, INC. [DJTE.PK] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Exec. VP, Sec. & Gen. Counsel
(Last)
(First)
(Middle)

1000 BOARDWALK AT VIRGINIA AVENUE		 3. Date of Earliest Transaction (Month/Day/Year)
05/20/2005
(Street)

ATLANTIC CITY, NJ 08401
(City)
(State)
(Zip)
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing
(Check applicable line)

__X__ Form Filed by One Reporting Person
_____ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)

2. Transaction Date (Month/Day/Year)

2A. Deemed Execution Date, if any (Month/Day/Year)

3. Transaction Code (Instr. 8)

4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)

6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

7. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

Amount

(A) or (D)

Price



Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Common Stock Warrant (right to buy)

 $14.605/20/2005 J (1)  333   (2) 05/22/2006

Common Stock, par value $0.001 per share

333 (1) 333D 

Explanation of Responses:
1.

Pursuant to the Second Amended Joint Plan of Reorganization (the "Plan") of Trump Hotels & Casino Resorts, Inc. (the "Former Company") and certain of its subsidiaries, dated as of March 30, 2005, on May 20, 2005, the effective date of the Plan, each holder (except for Donald J. Trump) of common stock, par value $0.01 per share, of the Former Company (the "Old Common Stock") received warrants to purchase approximately 0.1106736 shares of Common Stock, par value $0.001 per share (the "New Common Stock") of Trump Entertainment Resorts, Inc. for each share of Old Common Stock beneficially owned by such holder. The number of shares of New Common Stock into which such warrants were exercisable were rounded up to the nearest whole number.

2.

Immediately.



Signatures

/s/ Robert M. Pickus

05/24/2005
** Signature of Reporting PersonDate
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