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Loss narrows for AC company

Monday, Feb. 18, 2002 | 9:49 a.m.

ATLANTIC CITY -- Trump Hotels & Casino Resorts Inc., which owns casinos in New Jersey and Indiana, said its fourth-quarter loss narrowed after it cut costs and put in new slot machines.

Trump Hotels, led by developer Donald Trump, said its loss narrowed to $10.2 million, or 46 cents a share, from $24.9 million, or $1.13 a share a year earlier. Revenue rose 5.2 percent to $294 million, the Atlantic City-based company said.

The company cut costs 7.7 percent at its three Atlantic City casinos, the Trump Taj Majal, Trump Plaza and Trump Marina.

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