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

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 1)*

                        TRUMP ENTERTAINMENT RESORTS, INC.
                        ---------------------------------
                                (Name of Issuer)

                     Common Stock, Par Value $.001 Per Share
                     ---------------------------------------
                         (Title of Class of Securities)

                                    89816T103
                                    ---------
                                 (CUSIP Number)

                                  June 22, 2005
                                  -------------
                      (Date of Event which Requires Filing
                               of this Statement)

Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

              [ ]     Rule 13d-1(b)
              [X]     Rule 13d-1(c)
              [ ]     Rule 13d-1(d)


*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).






                          Continued on following pages
                                Page 1 of 7 Pages




                                  SCHEDULE 13G
CUSIP No.: 89816T103                                           Page 2 of 7 Pages


1        Names of Reporting Persons
         I.R.S. Identification Nos. of above persons (entities only)

                  LOUIS M. BACON

2        Check the Appropriate Box If a Member of a Group (See Instructions)

                                              a.     [ ]
                                              b.     [X]

3        SEC Use Only

4        Citizenship or Place of Organization

                  UNITED STATES

                       5         Sole Voting Power
 Number of                              1,346,497
  Shares
Beneficially           6         Shared Voting Power
  Owned By                              0
    Each
 Reporting             7         Sole Dispositive Power
   Person                               1,346,497
   With
                       8         Shared Dispositive Power
                                        0

9        Aggregate Amount Beneficially Owned by Each Reporting Person

                            1,346,497

10       Check Box If the Aggregate Amount in Row (9) Excludes Certain
         Shares (See Instructions)

                            [  ]

11       Percent of Class Represented By Amount in Row (9)

                            4.97%

12       Type of Reporting Person (See Instructions)

                            IN; IA




                                  SCHEDULE 13G
CUSIP No.: 89816T103                                           Page 3 of 7 Pages


1        Names of Reporting Persons
         I.R.S. Identification Nos. of above persons (entities only)

                  MOORE CAPTIAL MANAGEMENT, LLC

2        Check the Appropriate Box If a Member of a Group (See Instructions)

                                              a.     [ ]
                                              b.     [X]

3        SEC Use Only

4        Citizenship or Place of Organization

                  NEW YORK

                       5         Sole Voting Power
 Number of                              1,346,497
  Shares
Beneficially           6         Shared Voting Power
  Owned By                              0
    Each
 Reporting             7         Sole Dispositive Power
   Person                               1,346,497
   With
                       8         Shared Dispositive Power
                                        0

9        Aggregate Amount Beneficially Owned by Each Reporting Person

                            1,346,497

10       Check Box If the Aggregate Amount in Row (9) Excludes Certain
         Shares (See Instructions)

                            [  ]

11       Percent of Class Represented By Amount in Row (9)

                            4.97%

12       Type of Reporting Person (See Instructions)

                            OO; IA



                                                               Page 4 of 7 Pages


Item 1(a)      Name of Issuer:

               Trump Entertainment Resorts, Inc. (the "Issuer")

Item 1(b)      Address of the Issuer's Principal Executive Offices:

               1000  Boardwalk at Virginia  Avenue,  Atlantic  City,  New Jersey
               08401

Item 2(a)      Name of Person Filing:

               This  statement  is  being  filed  (1) by Louis  M.  Bacon  ("Mr.
Bacon"), a United States citizen,  in his capacity as chairman,  chief executive
officer  and  director  of Moore  Capital  Management,  LLC, a New York  limited
liability  company  ("MCM"),  and  (2)  by  MCM.  MCM  serves  as  discretionary
investment manager to an international business company organized under the laws
of the Bahamas (the "Fund"). This statement relates to Shares (as defined below)
held for the account of the Fund.  Each of Mr. Bacon and MCM, in the  capacities
set forth above, may be deemed to be the beneficial owner of Shares held for the
account of the Fund.

Item 2(b)      Address of Principal Business Office or, if None, Residence:

               The  principal  business  office of each of Mr.  Bacon and MCM is
located at 1251 Avenue of the Americas, New York, New York 10020.

Item 2(c)      Citizenship:

               i)   Mr. Bacon is a United States citizen; and

               ii)  MCM is a New York limited liability company.

Item 2(d)      itle of Class of Securities:

               Common Stock, Par Value $.001 Per Share (the "Shares").

Item 2(e)      CUSIP Number:

               89816T103

Item 3.        If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)
               or (c), check whether the person filing is a:

               This Item 3 is not applicable.

Item 4.        Ownership:

Item 4(a)      Amount Beneficially Owned:

               As of the date hereof, each of Mr. Bacon and MCM may be deemed to
be the  beneficial  owner of the  1,346,497  Shares  held for the account of the
Fund.





                                                               Page 5 of 7 Pages

Item 4(b)      Percent of Class:

               As of the date hereof,  the number of Shares of which each of Mr.
Bacon and MCM may be deemed to be the beneficial owner constitutes approximately
4.97% of the total number of Shares outstanding (based upon information provided
in a  Schedule  13D  amendment  filed on May 23,  2005,  the  number  of  Shares
outstanding was 27,086,045 as of May 20, 2005).

Item 4(c)      Number of shares as to which such person has:

         Mr. Bacon
         ---------
         (i)       Sole power to vote or direct the vote               1,346,497

         (ii)      Shared power to vote or to direct the vote                  0

         (iii)     Sole power to dispose or to direct the 
                   disposition of                                      1,346,497

         (iv)      Shared power to dispose or to direct the 
                   disposition of                                              0

         MCM
         ---
         (i)       Sole power to vote or direct the vote               1,346,497

         (ii)      Shared power to vote or to direct the vote                  0

         (iii)     Sole power to dispose or to direct the 
                   disposition of                                      1,346,497

         (iv)      Shared power to dispose or to direct the 
                   disposition of                                              0

Item 5.        Ownership of Five Percent or Less of a Class:

               If this  statement  is being  filed to report the fact that as of
the date hereof the reporting  person has ceased to be the  beneficial  owner of
more than five percent of the class of securities, check the following [X].

Item 6.        Ownership of More than Five Percent on Behalf of Another Person:

               The shareholders of the Fund have the right to participate in the
receipt of dividends  from, or proceeds from the sale of, the Shares held by the
Fund in accordance with their respective ownership interests in the Fund.

Item 7.        Identification and Classification of the Subsidiary Which
               Acquired the Security Being Reported on by the Parent Holding
               Company:

               This Item 7 is not applicable.

Item 8.        Identification and Classification of Members of the Group:

               This Item 8 is not applicable.

Item 9.        Notice of Dissolution of Group:

               This Item 9 is not applicable.



                                                               Page 6 of 7 Pages


Item 10.       Certification:

               By signing  below,  each of Mr. Bacon and MCM certifies  that, to
the best of his or its knowledge and belief,  the  securities  referred to above
were not  acquired  and are not held for the  purpose  of or with the  effect of
changing or influencing the control of the Issuer of the securities and were not
acquired  and  are not  held  in  connection  with  or as a  participant  in any
transaction having that purpose or effect.





                                                               Page 7 of 7 Pages

                                   SIGNATURES

     After  reasonable  inquiry and to the best of my knowledge and belief,  the
undersigned  certifies that the information set forth in this statement is true,
complete and correct.

Date:  June 22, 2005

                                       LOUIS M. BACON



                                       By:  /s/ Stephen R. Nelson
                                            ------------------------------------
                                            Name:    Stephen R. Nelson
                                            Title:   Attorney-in-Fact


                                       MOORE CAPITAL MANAGEMENT, LLC

                                       By:  LOUIS M. BACON
                                            Chairman and Chief Executive Officer


                                       By:  /s/ Stephen R. Nelson
                                            ------------------------------------
                                            Name:    Stephen R. Nelson
                                            Title:   Attorney-in-Fact