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In December 2005, Majestic Star acquired the neighboring Trump Casino in Gary from Trump Entertainment Resorts for $253 million, and renamed it as the Majestic Star II. [ 5 ] [ 6 ] After Barden led an effort to legalize gambling in Pennsylvania , Majestic Star was awarded the only gaming license for Pittsburgh , beating out competing bids from ...
Other casinos, including Majestic Star Casino and Forest City Enterprises, also agreed to partially contribute to the arena's funding. [16] On December 20, 2006, the Gaming Control Board awarded the license to Majestic Star Casino, who agreed to pay $7.5 million for the first 30 years, [17] in addition to the Penguins paying $4 million per year.
Majestic Star and Fitzgerald casinos in Indiana, Mississippi and Colorado filed for bankruptcy in November 2009. In December 2011, the facilities were turned over to creditors. The Nevada casino and Barden's ownership in the Pittsburgh, Pennsylvania casino were separately held and were not part of the bankruptcy.
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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.
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In April 2006, Bettis and his parents teamed up with Don Barden, the head of PITG Gaming LLC, in a bid for a casino on Pittsburgh's Northside to be called the Majestic Star. Their plan would aid the NHL's Pittsburgh Penguins with funding for a new ice arena. Barden said that he would give $7.5 million a year for 30 years to help build a new arena.
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 ]