As of June 23, 2005

  1. Members. The Board of Directors (“Board”) of Trump Entertainment Resorts, Inc. (“Company”) shall appoint an Executive Committee (“Committee”) comprised of at least three (3) directors, to serve at the pleasure of the Board. The Chairman of the Board shall be a member of the Committee and shall serve as its chairperson. All other Committee members and therefore a majority of the committee shall be independent directors under the Board’s independence standards as set forth in the Company’s Corporate Governance Guidelines.
  2. Purposes, Duties and Responsibilities. The Committee shall assist the Board in fulfilling its responsibility to oversee the strategy and business plans of the Company, and shall have and may exercise on behalf of the Board the duties and responsibilities specified herein when the Board is not in session, subject to other extensions of authority or limitations of authority specified by the Board.

    Specifically, except as to actions reserved to the Board or a Board Committee or prohibited from being delegated to a Board Committee by law, listing rules, Company By-Laws or in Board resolutions then in effect, the duties and responsibilities of the Committee shall include:
    1. Providing advice and counsel to management with respect to strategy and business plans, including on issues related to potential mergers, acquisitions, divestitures, capital restructuring, prospective offerings, stock splits and mergers;
    2. Approving routine matters between Board meetings;
    3. Acting in areas requiring extraordinary or expeditious action when the entire Board cannot be convened;
    4. Annually evaluating the performance of the Committee; and
    5. Reviewing and assessing the adequacy of this Charter on an annual basis, and recommending appropriate changes.
  3. Meetings. A majority of the members of the Committee shall constitute a quorum. The Committee shall meet as often as may be deemed necessary or appropriate in its judgment, either in person or telephonically. The Committee shall maintain minutes of its meetings and regularly report its activities to the Board.