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TRUMP PLAZA HOTEL AND CASINO ANNOUNCES THIRD QUARTER AND NINE MONTHS ENDED SEPT. 30 INCOME FROM OPERATIONS

 ATLANTIC CITY, N.J., Nov. 18 ~PRNewswire~ -- Nicholas L. Ribis, chief executive officer of Trump Plaza Hotel and Casino, announced today that the Plaza's third quarter income from operations before charges from interest, depreciation and amortization, and restructuring costs, increased by more than $1 million from $20,186,000 to $21,207,000 a 5 percent increase year to year.
 Net revenues for the quarter improved more than $9 million from $82,426,000 in 1991 to $91,484,000 in 1992. Trump Plaza reported a 9 percent increase in gaming revenues due largely to an emphasis on marketing efforts and an increased dedication to slots.
 The Plaza's nine months income from operations before charges from interest, depreciation and amortization, and restructuring costs, increased by approximately $19 million from $28,094,000 to $46,729,000 a 66 percent increase year to year.
 Net revenues for the nine months improved more than $31 million from $214,615,000 in 1991 to $245,881,000 in 1992. Trump Plaza reported a 15 percent increase in gaming revenues due largely to an emphasis on marketing efforts and an increased dedication to slots.
 Trump Plaza Associates reported operating results for quarter ended and nine months ended Sept. 30 as follows:
 Third quarter Pct.
 ended Sept. 30 1992 1991 change
 Net revenues $91,484,000 $82,426,000 11
 Operating expenses $70,277,000 $62,240,000 13
 Income from
 operations(A) $21,207,000 $20,186,000 5
 Net income (loss)
 before
 extraordinary item $8,639,000 $ 7,053,000 22
 Extraordinary Loss(B) --- --- ---
 Net income (loss) $8,639,000 $ 7,053,000 22
 Nine Months Pct.
 ended Sept. 30 1992 1991 change
 Net revenues $245,881,000 $214,615,000 15
 Operating expenses $199,152,000 $186,521,000 7
 Income from
 operations(A) $46,729,000 $28,094,000 66
 Net income (loss)
 before
 extraordinary item $5,128,000 $(8,278,000) ---
 Extraordinary
 Loss(B) $(38,205,000) --- ---
 Net income (loss) $(33,077,000) $(8,278,000) ---
 (A) Before interest, depreciation and amortization and restructuring costs.
 (B) Resulting from the May 29, 1992, effective date of restructuring.
 -0- 11~18~92
 ~CONTACT: Nicholas L. Ribis of Trump Plaza Hotel and Casino, 212-832-2000~


CO: Trump Plaza Hotel and Casino ST: New Jersey IN: CNO LEI SU: ERN

MJ-MP -- PH029 -- 2439 11~18~92 14:09 EST
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Publication:PR Newswire
Date:Nov 18, 1992
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