Article: Majestic Star Completes Acquisition of Three Fitzgeralds Casinos; First And Only African American to Wholly Own a Casino Company Goes National.

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 ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!