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                                                                   Exhibit 10.24

                [TRUMP HOTELS & CASINO RESORTS, INC. LETTERHEAD]

                                                    April 17, 2000

Francis X. McCarthy
[ADDRESS]

Dear Mr. McCarthy:

        This letter will serve to confirm our understanding and agreement
pursuant to which Trump Hotels & Casino Resorts, Inc. ("THCR"), Trump Hotels &
Casino Resorts Holdings, L.P. ("Holdings"), and Trump Atlantic City Associates
("TACA"), (THCR, Holdings and TACA collectively referred to as "Trump") have
agreed to employ you, and you have agreed to be employed by Trump commencing as
of April 17, 2000, and expiring April 16, 2003 ("Expiration Date"), unless
terminated earlier pursuant to Paragraph 12 or 13 hereof:

1.      You shall be employed by Trump in the capacity of Executive Vice
        President of Corporate Finance to perform such duties as are commonly
        attendant upon such offices and shall report directly to THCR's Chief
        Executive Officer.

2.      During the term of this Agreement, you shall be paid an annual base
        salary at a rate not less than your current salary, payable periodically
        in accordance with Trump's regular payroll practices.

3.      During each year of your employment with Trump, you shall be eligible to
        receive bonus in an amount determined in the sole and absolute
        discretion of Trump's Chairman based upon the performance and
        profitability of Trump.

4.      You shall be afforded coverage under Trump's employee insurance programs
        in such form and at such levels as Trump, in its sole and absolute
        discretion, may hereafter elect to provide for similarly situated
        executives.

5.      a.      You shall be entitled to participate in Trump's executive
                benefit programs in such form and at such levels as Trump, in
                its sole and absolute discretion, may hereafter elect to provide
                similarly situated executives.

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Francis X. McCarthy
April 17, 2000
Page Two

        b.      You shall also have free use of hotel valet and laundry services
                and executive comping privileges at such levels, if any, as
                Trump in its sole and absolute discretion, shall establish from
                time to time for similarly situated executives.

6.      You agree that until the Expiration Date and so long as Trump continues
        to pay your salary as provided herein, you shall not accept employment,
        either as an employee, consultant or independent contractor, with any
        other casino hotel located in Atlantic City, New Jersey. You acknowledge
        and agree that this restrictive covenant is reasonable as to duration,
        terms and geographical area and that the same is necessary to protect
        the legitimate interests of Trump, imposes no undue hardship on you and
        is not injurious to the public.

7.      You hereby agree that throughout the term of this Agreement you shall
        devote your full time, attention and efforts to Trump's business and
        shall not, directly or indirectly, work for, consult with or otherwise
        engage in any other activities of a business nature for any other person
        or entity, without Trump's prior written consent. You will promptly
        communicate to Trump, in writing when requested, and marketing
        strategies, technical designs and concepts, and other ideas pertaining
        to Trump's business which are conceived or developed by you, alone or
        with others, at any time (during or after business hours) while you are
        employed by Trump. You acknowledge that all of those ideas will be
        Trump's exclusive property. You agree to sign any documents which Trump
        deems necessary to confirm its ownership of those ideas, and you agree
        to otherwise cooperate with Trump in order to allow Trump to take full
        advantage of those ideas.

8.      You acknowledge that you have access to information which is proprietary
        and confidential to Trump. This information includes, but is not limited
        to, (1) the identity of customers and prospects, (2) names, addresses
        and phone numbers of individual contacts, (3) pricing policies,
        marketing strategies, product strategies and methods of operation, and
        (4) expansion plans, management policies and other business strategies
        and policies. You acknowledge and understand that this information must
        be maintained in strict confidence in order for Trump to protect its
        business and its competitive position in the marketplace. Accordingly,
        both during and after termination of your employment, you agree that you
        will not disclose any of this information for any purpose or remove
        materials containing this information from Trump's premises. Upon
        termination of your employment, you will immediately return to Trump all
        correspondence files, business card files, customer and prospect lists,
        price books, technical data, notes and other materials which contain any
        of this information, and you will not retain copies of those materials.

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Francis X. McCarthy
April 17, 2000
Page Three

9.      You represent to Trump that there are no restrictions or agreements to
        which you are a party which would be violated by our execution of this
        Agreement and your employment hereunder.

10.     You hereby agree to comply with all of the rules, regulations, policies
        and/or procedures adopted by Trump during the term of this Agreement, as
        well as all applicable state, federal and local laws, regulations and
        ordinances.

11.     You hereby represent that you presently hold the New Jersey Casino
        Control Commission ("Commission") license required in connection with
        your employment hereunder and will take appropriate steps to renew said
        license in a timely manner.

12.     Prior to the Expiration Date, Trump may terminate your employment
        hereunder only under the following circumstances (herein referred to as
        "Cause"):

        (i)             Upon revocation by the Commission of your casino key
                        employee license and the exhaustion of all appeals
                        therefrom, or in the absence of an appeal, the
                        exhaustion of any appeal period from such action;

        (ii)            Your conviction of a crime under the law of any
                        jurisdiction which constitutes a disqualifying crime
                        described in N.J.S.A. 5:12-86;

        (iii)           You shall become permanently disabled and unable to
                        perform the essential functions of your position;

        (iv)            You die; or

        (v)             Any breach by you of your duty of trust to Trump, such
                        as theft by you from Trump or fraud committed by you
                        upon Trump.

        In the event of a termination pursuant to this paragraph, Trump shall
        pay to you your compensation under Section 2 hereof earned to the date
        of termination and shall have no further liability or obligation to you
        under this Agreement.

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Francis X. McCarthy
April 17, 2000
Page Four

13.     You may terminate this Agreement upon written notice to Trump at any
        time following a Change of Control, which termination shall be effective
        on the thirtieth day after such notice. For purposes of this Paragraph,
        a Change in Control means (i) the acquisition of Trump or over
        thirty-five (35%) percent of THCR's common stock or equivalent limited
        partnership interests by an unrelated entity, or (ii) the sale or
        long-term lease of all or substantially all of the assets of Trump. In
        the event of a termination pursuant to this Paragraph, you will receive
        in a lump sum payment the full amount of the unpaid compensation payable
        pursuant to Paragraph 2 hereof through the Expiration Date and the
        restrictions contained in Paragraph 6 hereof shall be null and void.

14.     Trump shall indemnify, defend and hold you harmless, including the
        payment of reasonable attorney fees, if Trump does not directly provide
        your defense, from and against any and all claims made by anyone,
        including, but not limited to, a corporate entity, company, other
        employee, agent, patron or member of the general public with respect to
        any claim which asserts as a basis, any acts, omissions or other
        circumstances involving the performance of your employment duties
        hereunder unless such claim is based upon your gross negligence or any
        willful and/or wanton act.

15.     You represent that you are a citizen of the United States or that you
        possess the proper visa and/or work permits necessary to perform your
        functions hereunder.

16.     You acknowledge that it would be extremely difficult to measure the
        damages that might result from any breach by you of your promises in
        Sections 6, 7, and 8 of the Employment Contract and that a breach may
        cause irreparable injury to Trump which could not be compensated by
        money damages. Accordingly, Trump will be entitled to enforce this
        Employment Contract by obtaining a court order prohibiting you (and any
        others involved) from breaching this Agreement. If a court decides that
        any part of this Agreement is too broad, the court may limit that part
        and enforce it as limited.

17.     This Agreement shall be governed by and construed in accordance with the
        laws of the State of New Jersey and in any lawsuit involving this
        Agreement, I consent to the jurisdiction and venue of any state or
        federal court located in New Jersey. This Agreement represents the
        entire agreement between the parties, superceding all previous
        agreements and may not be modified, amended, extended or renewed without
        the written agreement of both parties.

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Francis X. McCarthy
April 17, 2000
Page Five

        If the foregoing correctly sets forth our understanding, kindly sign and
return to me the duplicate copy of this letter enclosed herewith.

Very truly yours,

TRUMP HOTELS & CASINO RESORTS, INC.
TRUMP HOTELS & CASINO RESORTS HOLDINGS, L.P.
By:  Trump Hotels & Casino Resorts, Inc.
         General Partner
                  And

TRUMP ATLANTIC CITY ASSOCIATES
By: Trump Atlantic City Holding, Inc.
         General Partner

                                                Agreed and Consented to:

BY:     /s/ Robert M. Pickus                    /s/ Francis X. McCarthy
        --------------------                    -----------------------------
        ROBERT M. PICKUS                        FRANCIS X. MCCARTHY
        Executive Vice President

                                                May 16, 2000
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                                                Date