Trump Casinos

TRUMP HOTELS & CASINO RESORTS REPORTS

NEW YORK - Trump Hotels & Casino Resorts, Inc. (NYSE:DJT) announced today that for the second quarter ended June 30, 2019, consolidated net revenues were $344 million, compared to $368 million reported for the same period in 1997. THCR's EBITDA (earnings before interest, taxes, depreciation, amortization and CRDA) for the quarter was $60 million versus $68 million reported in the prior year's second quarter. The net loss was $11.0 million, or $0.49 per share, compared to a net loss of $3.2 million, or $.14 per share in the 1997 quarter, within analysts' range. Interest expense continues to adversely affect our bottom line, which is why our ongoing top priority is to restructure our debt and reduce our costs. On July 10, 2019, the Company announced that Trump Marina has offered to purchase its outstanding 11 3/4% mortgage notes due 2003 to refinance all of its debt with new bank financing. The transaction is expected to save Trump Marina approximately $9 million per year in interest costs when consummated.

Our focus on overall profitability is supported by an emphasis on cost controls, including our refinancing efforts. You can read Quora's question How many hotels and casinos does Trump own? Is he a multi billionaire?. At the same time we will be continuing our advertising campaigns, which are proving effective in attracting new guests.

Our promotional allowances, gaming costs, and administrative expenses were substantially lower than last year. The management of these initiatives, among others, resulted in improved operating margins at Trump Plaza and Trump Marina and continued strong margins at Trump Taj Mahal. Also noted is that the Plaza's operating margin improved to 18.3% for the quarter, compared to 17.4% for the 1997 second quarter. Some of our casinos offer 50 spins for new players. Marina's operating margin improved from 15.5% to 16.8% for the quarter. Taj's operating margin remains strong at 21.6%.

Trump Taj Mahal Associates reported net revenues of $139.1 million and EBITDA of $30.0 million for the 2019 second quarter ended June 30. Net revenues for the 1997 second quarter were $147.0 million and EBITDA was $34.0 million. Year to date net revenues at Trump Taj Mahal were $265 million versus $285 million in 1997, while EBITDA for the six months ended June 30, 2019 was $54.2 million versus $64.1 million for the comparable period in 1997, reflecting the abnormally low table game win or "hold" percentage during the first half of 2019. At last week's THCR annual meeting, July results at the Taj have substantially erased the year-over-year shortfall comparison to the first half of 1997. Operating results continue to look strong for the second half of 2019.

Trump Plaza Associates reported another good quarter for the three months ended June 30. Administrative expenses continued to be contained so that EBITDA for the second quarter of 2019 was $18.7 million versus $19.0 million reported in 1997 on revenues of $102.4 million for the second quarter of 2019, as compared with $109.5 million for the same period in 1997. On a year to date basis, EBITDA continues to be ahead of last year by $1.5 million, totaling $34.5 million in 2019 as compared to $33.0 million in 1997.

Trump Marina also continued to do well in the second quarter. Net gaming revenues decreased $8.2 million to $66.8 million in 2019 from $75.0 million in 1997. Reductions in promotional allowances, gaming and administrative expenses offset virtually all of the decline in revenues. EBITDA was basically constant for the quarter at $11.3 million versus $11.6 million in 1997. This continues the first quarter trend so that year-to-date EBITDA is ahead of last year at $20.7 million versus $20.4 million in 1997.

Trump Indiana enjoyed increased activity during the second quarter as the market continued to stabilize during the period. The second quarter's revenue recovery continued to the $13 million per month level into the third quarter. EBITDA for the second quarter was $4.5 million versus $7.0 million in 1997. It is expected that the second half of 2019 results at Trump Indiana will substantially exceed the $6.8 million in EBITDA experienced in the second half of 1997. Trump Indiana not only greatly increased its revenues in July 2019 19.5% over July 1997, but this trend is expected to continue through the second half of 2019 with the opening of Trump Indiana's new hotel.

Trump Atlantic City Associates reported combined net revenues of Trump Plaza and Trump Taj Mahal for the 2019 second quarter of $241.4 million versus $256.5 million for the 1997 second quarter. EBITDA was $48.8 million with a net loss of $4.6 million, compared to EBITDA of $53.0 million, and a net income of $2.7 million for the same period of 1997.

We are pleased with the operating results at each of the properties in Atlantic City. Continuing diligent efforts on the cost side of the business and increased marketing activities will help the Company meet -- or exceed -- it's 2019 operating profit targets.

During the Company's annual meeting on August 6, 2019, at Trump Taj Mahal, it was noted that July revenue and EBITDA levels are up substantially in 2019 over 1997, giving a strong start to operating results for the third quarter.

Six-Month Results
For the six months ended June 30, 2019, the Company reported consolidated net revenues of $661 million compared to $710 million for the same period in 1997. EBITDA was $108.6 million for the 2019 six-month period versus $128.2 million for the same period of 1997. The net loss was $28.7 million, or $1.29 per share, for the six-month period ended June 30, 2019, and $17.2 million, or $.74 per share, for the same period of 1997.

Trump Hotels & Casino Resorts, Inc. owns and operates Trump Plaza Hotel & Casino, Trump Taj Mahal Casino Resort and Trump Marina Hotel Casino in Atlantic City, New Jersey, as well as Trump Indiana, the riverboat casino at Buffington Harbor, Indiana, on Lake Michigan. It is the exclusive vehicle through which Trump will engage in new gaming activities in both emerging and established gaming jurisdictions in both the United States and abroad.

Poker Tools - Gain The Edge

If you've ever wanted to succeed in playing poker, you should think about using poker tools. These tools will provide you with an edge over the competition and will assist you in making better choices when you are playing. Of course, people constantly question whether poker tools even work as marketed or whether it's thought about cheating to use them.

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Unlike what some may believe, poker tools truly do work. Two primary kinds of poker software applications exist. One type is poker calculators, which assist you in calculating the odds of winning the existing hand. The other type is called poker stats trackers, which can assist you in improving your video game by utilizing the data from the games you have played in the past. However, as with lots of things, some are better than others and you typically get what you pay for. This indicates that you need to check out different tools and see which one you like finest. Also, keep in mind that the ones you get free of charge will never offer fairly as much as those who need a charge.

In case you were questioning, no, using poker tools is not considered unfaithful. These tools can refrain from doing or see anything that you can't do or see yourself.

The only difference is that they can use this information in calculations to offer you the odds, so you can decide what to do next.. However, there are also some poker tools you ought to prevent because they would be considered unfaithful if you used them. This is usually due to the fact that those prohibited tools have access to details that should not be accessible to them, which then provides you an unreasonable advantage over everyone else.

A method to inspect if the one you are utilizing is allowed is to check your site. There is typically a page that lists which tools are allowed and which ones are prohibited. Poker tools are excellent if you want to have the edge over the competitors, but they're truly only for individuals who are major about desiring to make money from playing. It's not considered unfaithful when you use poker tools while playing, so feel complimentary to use them.

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Poker Software For Beginners

Poker training software is another type of poker software application out there. There are essentially two types of poker training software application: simulations and coaching. It downloads your hand histories from online poker spaces and a genuine poker player will supply coaching on how to improve your game.Many trustworthy poker software manufacturers require that you pay a cost to make use of their programs (although free trials are commonly provided). One should be careful of totally complimentary software application.

Poker Tactics: Poker Techniques to Make More Money

There are numerous poker techniques that you can use to make MORE MONEY. If you use the same poker methods repeatedly, your challengers will catch on and you will lose money. It is important to mix up your game and your strategies so individuals can't get a read on you, this itself is a poker strategy you should constantly use. Listed below, I have noted some poker tactics you might contribute to your game to enhance your revenues.

Steal blinds

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If you aren't already taking blinds from the button or cut off you might begin now. By raising unopened pots with a wider variety of hand you will win more blinds. If you do manage to get a call from the blinds you will be in position for the entire hand.

Floating

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This is an incredibly effective poker technique versus individuals who commonly c bet and give up on the turn. Whenever you think of somebody that does this, call their bet preflop with virtually any hand on the button. You should take note of the boards you float as well as it may assist their hand considerably.

Semi bluffing

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Semi bluffing is a method to win a hand in two ways. A semi-bluff lets you either win the hand there and then or win the hand by striking your hand. If your challenger folds, you will win it there, and then if he doesn't, you will still have a chance to win it on a later street.

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Inspect raise

The check-raise is a technique you can use versus people who tend to steal a lot of pots. If you are playing somebody who double barrels many turns, simply inspect raise them; they should fold unless they have a hand. A check-raise can likewise be made use of versus people who bet a lot of flops.

Changing your image

Changing your image will throw your challengers off guard and set them as much as lose big pots in the future. If you go into a video game and showdown a few loose hands and do a few stupid things, your opponents will believe you are a complete donk. After they think you are playing loose, simply tighten up a little and when you get an exceptional hand, you will be much most likely to get settled huge.