Document:

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                                                                EXHIBIT 10.49(1)
                                January 4, 2000

Larry J. Mullin
1108 Lavendar Lane
Absecon, New Jersey 08201

        Re:  Third Amendment of the Agreement dated July 24, 1995
             between Larry J. Mullin and Trump's Castle Associates
             ("TCA") (the "Agreement")
             -------------------------------------------------------

Dear Mr. Mullin:

        This letter will confirm that the Agreement is hereby amended to provide
that you shall be employed by TCA in the capacity of President and Chief
Operating Officer effective as of January 3, 2000. This will also confirm our
agreement to amend the Agreement hereby by amending the Expiration Date to
January 2, 2003.

        As consideration for these amendments, your annual base salary as
stated in Paragraph 3A of the Agreement shall be amended as follows (i) Three
Hundred Fifty Thousand ($350,000.00) Dollars for the calendar year 2000, (ii)
Four Hundred Thousand ($400,000.00) Dollars commencing January 1, 2001 and (iii)
Four Hundred Fifty Thousand ($450,000.00) commencing January 1, 2002. In
addition, the Agreement is also hereby amended to provide that you shall receive
a discretionary bonus based upon the profitability of Trump Marina Casino
Resort.

        Except to the extent modified herein, you and TCA hereby ratify the
Agreement and agree that all other such terms, conditions and obligations
contained therein remain in full force and effect as stated in the Agreement.

                               Very truly yours,

                               /s/ Donald J. Trump
                               ---------------------
                               DONALD J. TRUMP
                               Chairman
                               Trump's Castle Associates

Agreed to this 14th day of
January, 2000

/s/ Larry J. Mullin
---------------------------
LARRY J. MULLIN<PAGE>

[LETTERHEAD]
TRUMP
HOTELS
CASINO RESORTS

                                                                   EXHIBIT 10.76

                                        March 22, 2000

Fred A. Buro
279 S. Shore Drive
Toms River, New Jersey 08753

Dear Fred:

        This letter will serve to confirm our understanding and agreement
pursuant to which Trump Plaza Associates, d/b/a Trump Plaza Hotel and Casino
("TPA"), has agreed to employ you, and you have agreed to be employed by TPA
commencing March 22, 2000, and expiring March 21, 2001, ("Expiration Date")
unless terminated earlier pursuant to Paragraph 11 hereof:

1.      You shall be employeed by TPA in the capacity of President and Chief
        Operating Officer to perform such duties as are commonly attendant upon
        such office and such further duties as may be specified, from time to
        time, by TPA.

2.      During the term of this Agreement, you shall be paid an annual base
        salary at the rate of Three Hundred Thousand, ($300,000) Dollars per
        annum, payable periodically in accordance with TPA's regular payroll
        practices.

3.      Your annual salary will be reviewed in accordance with TPA's regular
        policies therefor. Any increase of your annual salary and any bonuses
        shall be in TPA's sole and absolute discretion.

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

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

2500 Boardwalk   Atlantic City, NJ 08401 -- 609-441-6060 -- Fax 609-441-7426

<PAGE>

Fred A. Buro
March 22, 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 TPA
                in its sole and absolute discretion, shall establish from time
                to time for similarly situated executives.

6.      You hereby agree that throughout the term of this Agreement you shall
        devote your full time, attention and efforts to TPA'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 TPAs prior written consent. You will promptly
        communicate to TPA, in writing when requested, and marketing strategies,
        technical designs and concepts, and other ideas pertaining to TPA'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
        TPA. You acknowledge that all of those ideas will be TPA's exclusive
        property. You agree to sign any documents which TPA deems necessary to
        confirm its ownership of those ideas, and you agree to otherwise
        cooperate with TPA in order to allow TPA to take full advantage of those
        ideas.

7.      You acknowledge that you have access to information which is proprietary
        and confidential to TPA. 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 TPA 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 TPA's premises. Upon
        termination of you employment, you will immediately return to TPA 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.

8.      You represent to TPA 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.

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

Fred A. Buro
March 22, 2000
Page Three

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

11.     You hereby understand and acknowledge that TPA may terminate this
        Agreement in the event your Casino Control Commission license is
        terminated and/or suspended or revoked by the Commission or if you shall
        commit an act constituting "Cause", which is defined to mean the
        following: a breach by you of any of the provisions of this Agreement;
        an act of dishonesty; the revocation or non-renewal of your casino key
        employee license; your disability, which is defined to be any condition
        prohibiting you from performing your duties hereunder to a period in
        excess of thirty (30) days, or your death. In the event of a termination
        pursuant to this paragraph, TPA shall pay to you your salary earned to
        the date of termination and shall have no further liability or
        obligation to you under this Agreement. In the event of a termination by
        TPA other than for Cause, including a constructive termination by
        material changes in job position or responsibility or reduction in
        salary or benefits, TPA shall pay you, in a lump sum, within seven (7)
        days of such termination, all of your remaining salary through the
        Expiration Date and you shall have no further liability or obligation to
        TPA. In the event you terminate the Agreement for any reason other than
        a breach of its provisions by TPA, TPA shall pay you your salary earned
        to the date of such termination and, in such event, neither party shall
        have any further liability or obligation to the other under this
        Agreement.

12.     TPA shall indemnify, defend and hold you harmless, including the payment
        of reasonable attorney fees, if TPA 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.

13.     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 you
        functions hereunder.
<PAGE>

Fred A. Buro
March 22, 2000
Page Four

14      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 or 7 of the Employment Contract and that a breach may cause
        irreparable injury to TPA which could not be compensated by money
        damages. Accordingly, TPA 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.

15.     a.      The parties agree that binding arbitration shall be the remedy
                for all disputes, controversies and claims arising out of this
                Agreement or any notice of termination thereof, including
                without limitation, any dispute controversy or claim arising out
                of any of these agreements. The parties intend that such
                arbitration shall provide final and binding resolution of any
                dispute, controversy or claim, and that action in any other
                forum shall be brought only if necessary to compel arbitration,
                or to enforce any arbitration award or order. All initial
                arbitration or judicial proceedings shall be instituted within
                twelve (12) months after the claim accrues or shall be forever
                barred.

                Each party agrees that it will use its best efforts to negotiate
                an amicable resolution of any dispute between them arising from
                the Agreement. If the parties are unable to negotiate an
                amicable resolution of a dispute within fourteen (14) days from
                the date of notice of the dispute pursuant to the notice section
                of this Agreement, or such other period as the parties mutually
                agree in writing, either party may refer the matter to
                arbitration as provided herein.

        b.      Arbitration shall be initiated by written notice by one party to
                the other pursuant to the notice section of this Agreement, and
                the Commercial Arbitration Rules of the American Arbitration
                Association shall thereafter apply. The arbitrators shall have
                the power to grant equitable and injunctive relief and specific
                performance as provided in this Agreement. If necessary, orders
                to compel arbitration or enforce an arbitration award may be
                sought before the United States District Court for New Jersey.
                The arbitator shall be a licensed attorney and selected pursuant
                to the Commercial Arbitration Rules of the American Arbitration
                Association.
<PAGE>

Fred A. Buro
March 22, 2000
Page Five

                Unless the parties agree upon the appointment of a single
                arbitrator, a panel of arbitrators consisting of three (3)
                members shall be appointed. One (1) member shall be appointed by
                TPA, and one (1) member shall be appointed by you within ten
                (10) working days' time following the giving of notice
                submitting a dispute to arbitration. The third member shall be
                selected by agreement of the other two (2) members. In the event
                the two (2) members cannot agree upon the third arbitrator
                within fifteen (15) working days' time, then the third
                arbitrator shall be chosen by the American Arbitation
                Association. Alternatively, the parties may, prior to any
                dispute, agree in advance upon a panel of arbitrators or a
                single arbitrator to which any dispute that may arise shall be
                submitted for resolution pursuant to this provision.

16.     The Agreement shall be governed by and construed in accordance with the
        laws of the State of New Jersey. The Agreement represents the entire
        agreement between the parties, superceding all previous agreements,
        including the August 9, 1999 severance agreement letter, and may not be
        modified or amended without the written agreement of both parties.

        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 PLAZA ASSOCIATES
d/b/a/ TRUMP PLAZA HOTEL & CASINO       Agreed and Consented to:

BY: /s/  Donald Trump                   /s/  Fred A. Buro
    -------------------                 -------------------
    DONALD J. TRUMP                          FRED A. BURO
    Chairman
                                              3-29-00
                                        -------------------
                                                Date

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