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

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * Kings Road Holdings XIV Ltd.   2. Issuer Name and Ticker or Trading Symbol TRUMP ENTERTAINMENT RESORTS, INC. [TRMPQ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O POLYGON EQUITIES PARTNERS LLP, 4 SLOANE TERRACE 3. Date of Earliest Transaction (Month/Day/Year) 05/09/2011 (Street) LONDON, X0 SW 1X9DQ 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ 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 05/09/2011   S   190,620 A $ 5 1,730,913 D (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Kings Road Holdings XIV Ltd. C/O POLYGON EQUITIES PARTNERS LLP 4 SLOANE TERRACE LONDON, X0 SW 1X9DQ		X
Polygon Management Ltd. C/O POLYGON EQUITIES PARTNERS LLP 4 SLOANE TERRACE LONDON, X0 SW 1X9DQ		X
Polygon Recovery Fund GP C/O POLYGON EQUITIES PARTNERS LLP 4 SLOANE TERRACE LONDON, X0 SW 1X9DQ		X
Polygon Recovery Fund L.P. C/O POLYGON EQUITIES PARTNERS LLP 4 SLOANE TERRACE LONDON, X0 SW 1X9DQ		X
Polygon Management L.P. C/O POLYGON EQUITIES PARTNERS LLP 4 SLOANE TERRACE LONDON, X0 SW 1X9DQ		X
Polygon Equities Partners LLP C/O POLYGON EQUITIES PARTNERS LLP 4 SLOANE TERRACE LONDON, X0 SW 1X9DQ		X
Polygon Global Partners LP C/O POLYGON EQUITIES PARTNERS LLP 4 SLOANE TERRACE LONDON, X0 SW 1X9DQ		X
Reade E. Griffith C/O POLYGON EQUITIES PARTNERS LLP 4 SLOANE TERRACE LONDON, X0 SW 1X9DQ		X
Patrick G. G. Dear C/O POLYGON EQUITIES PARTNERS LLP 4 SLOANE TERRACE LONDON, X0 SW 1X9DQ		X

Signatures

KINGS ROAD HOLDINGS XIV LTD. By: Polygon Equities Partners LLP, its investment manager; By: /s/ Reade E. Griffith, Principal		05/11/2011
**Signature of Reporting Person		Date
POLYGON MANAGEMENT LTD. By: /s/ Reade E. Griffith, Director		05/11/2011
**Signature of Reporting Person		Date
POLYGON RECOVERY FUND GP By: /s/ Reade E. Griffith, Director		05/11/2011
**Signature of Reporting Person		Date
POLYGON RECOVERY FUND L.P. By: Polygon Recovery Fund GP, its general partner; By: /s/ Reade E. Griffith, Director		05/11/2011
**Signature of Reporting Person		Date
POLYGON MANAGEMENT L.P. By: Polygon Management Ltd., its general partner By: /s/ Reade E. Griffith, Director		05/11/2011
**Signature of Reporting Person		Date
POLYGON EQUITIES PARTNERS LLP By: /s/ Reade E. Griffith, Principal		05/11/2011
**Signature of Reporting Person		Date
POLYGON GLOBAL PARTNERS LP By: Polygon Management Ltd., its general partner By: /s/ Reade E. Griffith, Director		05/11/2011
**Signature of Reporting Person		Date
/s/ Reade E. Griffith		05/11/2011
**Signature of Reporting Person		Date
/s/ Patrick G. G. Dear		05/11/2011
**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)	This Form 4 is filed on behalf of Kings Road Holdings XIV Ltd., Polygon Management Ltd., Polygon Recovery Fund GP, Polygon Recovery Fund L.P., Polygon Management L.P., Polygon Equities Partners LLP, Polygon Global Partners LP, Reade E. Griffith and Patrick G.G. Dear. The shares are held directly by Kings Road Holdings XIV Ltd.
Remarks: This Form 4 is filed on behalf of Kings Road Holdings XIV Ltd., Polygon Management Ltd., Polygon Recovery Fund GP, Polygon Recovery Fund L.P., Polygon Management L.P., Polygon Equities Partners LLP, Polygon Global Partners LP, Reade E. Griffith and Patrick G.G. Dear.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.