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Article: Losses won't tarnish Majestic Star casino here, analysts say
- Article from:
- Tribune-Review/Pittsburgh Tribune-Review
- Article date:
- March 22, 2007
- Author:
CopyrightCopyright 2007 Tribune-Review/Pittsburgh Tribune-Review. Provided by ProQuest LLC. (Hide copyright information)
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Majestic Star Casino has lost money the past two years, but that
should have little impact on owner Don Barden's ability to build a
North Shore slots parlor, analysts said Wednesday.
"Financing for Pittsburgh is not going to be an issue," said Greg
Klein, an analyst at BNP Paribas in New York City. "They've already
got it lined up, plus the project is going to be a successful
project."
Majestic Star, a Las Vegas company that operates casinos in Gary,
Ind., Tunica, Miss., and Black Hawk, Colo., yesterday reported a net
loss of $14.3 million last year, compared to a loss of $5.3 million
in 2005.
Although the planned North Shore casino would carry the Majestic
Star brand name, it would be ...