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Majestic Star Casino announces agreement to buy Trump Indiana Casino for $253 million.
The Majestic Star Casino, LLC, has announced a definitive agreement to purchase Trump Indiana casino and hotel for $253 million.
Don H. Barden, chairman and CEO of Majestic Star Casino, said: "We are excited about the acquisition of Trump Indiana and believe that we will not only realize immediate significant efficiencies by combining the operations of Majestic and Trump Indiana, but most importantly, we will be able to take advantage of our enormous land base at Buffington Harbor. Over time, we believe that we will own and operate the most competitive gaming operation in the Chicago land market. Trump Indiana has been a good neighbor throughout the years, and we have enjoyed working with them".
Majestic owns a casino vessel adjacent to Trump's casino vessel and hotel at Buffington Harbor in Gary, IN.
The transaction is expected to close by the end of the year.
Barden, of Detroit, is the first and only Black to wholly own a national casino company. In addition to Majestic Star, Barden's company also owns and operates a Fitzgerald's-brand casino and hotel in Tunica County in Mississippi (Fitzgerald's Tunica); a Fitzgerald's-brand casino in Black Hawk, CO (Fitzgerald's Black Hawk); and Fitzgerald's Las Vegas casino and hotel in downtown Las Vegas.
Source: BonusGambler.com Editors' Choice
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