Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
BURKE JOHN P
   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 & Corp. Treasurer
(Last)
(First)
(Middle)
1000 BOARDWALK AT VIRGINIA AVENUE		 3. Date of Earliest Transaction (Month/Day/Year)
05/20/2005
(Street)

ATLANTIC CITY, NJ 08401		 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
(City)
(State)
(Zip)
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
Common Stock, par value $0.01 per share 05/20/2005   J   215 D $ 0 285 (1) (2) D  

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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 Underlying Securities
(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) $ 14.6 05/20/2005   J(3)   32     (4) 05/22/2006 Common Stock, par value $0.001 per share 32 $ 0 (3) 32 D  
Common Stock Warrant (right to buy) $ 14.6 05/20/2005   J(3)   23     (4) 05/22/2006 Common Stock, par value $0.001 per share 23 $ 0 (3) 23 I By Wife

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BURKE JOHN P
1000 BOARDWALK AT VIRGINIA AVENUE
ATLANTIC CITY, NJ 08401		       Exec. VP & Corp. Treasurer  

Signatures

 /s/ John P. Burke   05/24/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On May 20, 2005, the reporting person disposed of 215 shares of Common Stock, par value $0.01 per share (the "Old Common Stock") of Trump Hotels & Casino Resorts, Inc. (the "Former Company") for no value.
(2) Subsequent to such disposition, on May 20, 2005, pursuant to the Second Amended Joint Plan of Reorganization (the "Plan") of the Former Company and certain of its subsidiaries, dated as of March 30, 2005, Trump Entertainment Resorts, Inc. (the "Restructured Company") effected a 1,000 for 1 reverse stock split, such that each 1,000 shares of Old Common Stock of the Former Company were automatically consolidated by operation of law into one share of Common Stock, par value $0.001 per share (the "New Common Stock") of the Restructured Company. The fractional interests of each holder of Old Common Stock were rounded up to the nearest whole number, such that the reporting person directly beneficially owned one share of New Common Stock following the reverse stock split. In addition, the reporting person indirectly beneficially owned one share of New Common Stock held by such person's spouse following the reverse stock split.
(3) Pursuant to the Plan, on May 20, 2005, each holder (except for Donald J. Trump) of Old Common Stock received warrants (the "Class 11 Class A Warrants") to purchase approximately 0.1106736 shares of New Common Stock 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.
(4) Immediately.

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