UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Trump Entertainment Resorts, Inc.
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(Name of Issuer)
Common Stock of the par value of $0.001 per share
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(Title of Class of Securities)
89816T103
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(CUSIP Number)
December 31, 2007
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(Date of Event that 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 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 (the “Act”) or otherwise subject to the liabilities of that Section of the Act but shall be subject to all other provisions of the Act.
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CUSIP No. 89816T103
13G
Page 2 of 5 Pages
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1.
NAME OF REPORTING PERSON
Sam Chang
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2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3.
SEC USE ONLY
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4.
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER
5.
SOLE VOTING POWER: 2,330,000
OF SHARES
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BENEFICIALLY
6.
SHARED VOTING POWER: 0
OWNED BY
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REPORTING
7.
SOLE DISPOSITIVE POWER: 2,330,000
PERSON WITH
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8.
SHARED DISPOSITIVE POWER: 0
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9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON
2,330,000
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10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
[ ]
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11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)*
7.5%
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12.
TYPE OF REPORTING PERSON
IN
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*Based on the Issuer’s Form 10-Q for the quarterly period ended September 30, 2007.
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CUSIP No. 89816T103
13G
Page 3 of 5 Pages
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Item 1.
(a)
Name of Issuer:
Trump Entertainment Resorts, Inc.
(b)
Address of Issuer’s Principal Executive Offices:
1000 Boardwalk at Virginia Avenue
Atlantic City, New Jersey 08401
Item 2.
(a)
Name of Person Filing: Sam Chang
(b)
Address of Principal Business Office: 420 Great Neck Road, Great Neck, NY 11021
(c)
Citizenship: United States of America
(d)
Title of Class of Securities: Common Stock of the par value of $0.001 per share
(e)
CUSIP Number: 89816T103
Item 3.
If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check the status of the person filing:
(a) | / / | Broker of dealer registered under section 15 of the Act; |
(b) | / / | Bank as defined in section 3(a)(6) of the Act; |
(c) | / / | Insurance company as defined in section 3(a)(19) of the Act; |
(d) | / / | Investment company registered under section 8 of the Investment Company Act of 1940; |
(e) | / / | An investment adviser in accordance with §240.13d-1(b)(l)(ii)(E); |
(f) | / / | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
(g) | / / | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
(h) | / / | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; |
(i) | / / | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; |
(j) | / / | Group, in accordance with §240.13d- 1((b)(l)(ii)(J) |
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CUSIP No. 89816T103
13G
Page 4 of 5 Pages
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Item 4.
Ownership:
(a)
Amount beneficially owned: 2,330,000 shares
(b)
Percent of class*: 7.5%
(c)
Number of shares as to which the person has:
(i)
Sole power to vote or to direct the vote: 2,330,000
(ii)
Shared power to vote or to direct the vote: 0
(iii)
Sole power to dispose or to direct the
disposition of: 2,330,000
(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 5 percent of the class of securities, check the following [x].
Item 6.
Ownership of More than Five Percent on Behalf of Another Person: N/A
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person: N/A
Item 8.
Identification and Classification of Members of the Group: N/A
Item 9.
Notice of Dissolution of Group: N/A
Item 10.
Certifications:
By signing below I certify that, to the best of my 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.
* Based on the Issuer’s Form 10-Q for the quarterly period ended September 30, 2007.
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CUSIP No. 89816T103
13G
Page 5 of 5 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: January 29, 2008
By: /s/ Sam Chang
Sam Chang