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The company was formed on December 8, 1993. It opened the Majestic Star Casino in Gary, Indiana on June 7, 1996.. In December 2001, Majestic Star made its first expansion beyond Gary, acquiring three Fitzgeralds casinos from bankrupt Fitzgeralds Gaming for $149 million, in Las Vegas, Nevada, Black Hawk, Colorado, and Tunica, Mississippi. [1]
Majestic Star Casino was a casino property consisting of two gaming boats on Lake Michigan in Gary, Indiana's Buffington Harbor, owned and operated by The Majestic Star Casino, LLC. They opened in 1996 as two competing casino boats, sailing for gambling tours on alternate hours, until in 2002 Indiana legalized gambling on stationary boats. [ 1 ]
Don Hamilton Barden (December 20, 1943 – May 19, 2011 [1]) was an American casino executive. He was the first black casino owner in Las Vegas . His company, The Majestic Star Casino, LLC , filed for bankruptcy protection in 2009.
The Majestic Star II (formerly known as the Trump Casino) was a floating casino that operated from 1996 to 2021 in Gary, Indiana. Located in Gary's Buffington Harbor, it overlooked Lake Michigan . The casino was opened in 1996 by New York–based Trump Hotels & Casino Resorts , which operated an adjoining Trump hotel.
Later that year, TER sold its Indiana casino to The Majestic Star Casino, LLC for $253 million. [24] [25] The company had also been awarded a license to build a second casino in Orange County, Indiana, but dropped this plan, due in part to the state's concerns about the company's viability. [26]
From January 2008 to December 2012, if you bought shares in companies when Robert A. Profusek joined the board, and sold them when he left, you would have a -51.4 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
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The Majestic Star Casino, LLC owns and operates two casino boats at Buffington harbor. They are the majority proprietor of the harbor. The Trump Organization formerly owned a casino boat at Buffingon, Trump Casino, but due to financial trouble at other casinos, was forced to sell his casino to Majestic Star.