Eric Hausler Joins Trump As SVP, Development
ATLANTIC CITY, NJ, September 12, 2006. Trump Entertainment Resorts, Inc. (NASDAQ: TRMP) (the "Company") announced today that Eric Hausler will be joining the Company in October as Senior Vice President of Development.
As Senior Vice President of Development, Mr. Hausler will be responsible for identifying, evaluating and coordinating existing and future opportunities to expand the Trump brand both nationally and internationally. The position is pending regulatory approval and licensure by the New Jersey Casino Control Commission, and the completion of certain responsibilities in his current position.
"I strongly believe that Trump Entertainment Resorts is well positioned to capitalize on the strength of both the Company's brand and management expertise through new development initiatives," Mr. Hausler said. "From existing and emerging gaming markets to joint ventures, licensing and other development opportunities, this Company has the right management team and the right brand for growth."
Mr. Hausler will be joining the Company from Bear Stearns, where he has most recently served as a Managing Director in Fixed Income Research with responsibility for high yield and investment grade bonds across the gaming, lodging and leisure sectors. Previously, he was the Senior Equity Analyst for Susquehanna Financial Group covering gaming equities. In 2005, Mr. Hausler took clients on a cross country tour of U.S. casinos that visited approximately 15 casino markets and over 50 casinos in a four-week period.
"As a Company, we continue to focus on opportunities to introduce the Trump brand into new gaming markets and to diversify our cash flows," said James B. Perry, President and Chief Executive Officer of the Company. "The renovation, redevelopment and expansion program for our Atlantic City properties continues to move forward. The addition of Eric to the team is a significant step in our development plans because he has the right experience and understanding of the national and worldwide gaming industry to lead our efforts to expand the Trump brand."
For two consecutive years, Mr. Hausler was voted an "Up and Comer" by Institutional Investor's readers for gaming and lodging equity research. Prior to working on Wall Street, Mr. Hausler served as the Governmental and Community Relations Coordinator for the New Jersey Casino Control Commission, among other positions. He earned a BA degree from Binghamton University and an MS degree from New Jersey Institute of Technology.
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