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Article: Majestic Star Completes Acquisition of Three Fitzgeralds Casinos; First And Only African American to Wholly Own a Casino Company Goes National.
- Article from:
- PR Newswire
- Article date:
- December 6, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GARY, Ind. -- Majestic Star Casino ("Majestic Star") announced today that its indirectly wholly owned subsidiary Majestic Investor Holdings, LLC, has completed its acquisition of three Fitzgeralds casinos located in Tunica, Miss., Black Hawk, Colo., and Las Vegas, Nev. Majestic Star and its affiliates now officially own and operate four casinos including its first casino, the Majestic Star Casino in Gary. Majestic Star purchased the three Fitzgeralds casinos for approximately $149 million in cash plus the assumption of certain liabilities.
Majestic Star and its affiliates are wholly owned by Detroit businessman Don H. Barden who, with the acquisition of ...
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