- Casino Majestic Panama
- Casino Majestic Star Buffet
- Majestic Star Casino Ii
- Majestic Star Casino News
- Casino Indiana Majestic Star
- Majestic Star Casino Careers
Majestic Star Casino, located on Buffington Harbor in Gary, Indiana, features a wide variety of slot, video poker and live table games. Acquired by Spectacle Entertainment in March 2019, Majestic. Speed over to Majestic Star and we’ll fill up your gas tank! Premium members may visit any Rewards Kiosk to print your voucher to receive a $50 Speedway gift card at the Majestic Rewards Center. Must be a Premium Majestic Rewards Member. One gift per person. Offer valid 24 hours from activation.
| Type | Private |
|---|---|
| Industry | Gambling |
| Founded | 1993 Gary, Indiana |
| Headquarters | Las Vegas, Nevada |
| Don H. Barden, Founder | |
| Owner | Wayzata Investment Partners and others |
The Majestic Star Casino, LLC is a gaming holding company founded in Gary, Indiana by Don H. Barden and currently based in Las Vegas, Nevada.
History[edit]
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] Chief operating officer Michael Kelly, a former Fitzgeralds executive, engineered the deal.[2]
In April 2005, Majestic Star was selected to operate the casino at the French Lick Resort in French Lick, Indiana, being developed by a partnership of Lauth Property Group and the Cook Group.[3] However, the Cook-Lauth partnership eventually decided to form its own casino management team, and Majestic's involvement ended amiably in September of that year.[4]
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 Harrah's and Isle of Capri.[7] Construction began in December 2007 on the $450 million riverfront Majestic Star Casino, which was projected to double the company's yearly revenues to over $1 billion.[7] However, after defaulting on a $200 million bridge loan and failing to pay contractors, Majestic had to hand control in August 2008 to a group led by JMB Realty chairman Neil Bluhm, lead investor in the SugarHouse Casino in Philadelphia, who bought 75% of the project, and renamed it the Rivers Casino.[8][9] Barden kept his remaining stake in the project outside of the Majestic Star umbrella.[10]
In November 2009, Majestic Star filed for bankruptcy, listing $406 million in assets against $750 million in liabilities.[10] The company cited the recession, increased competition from nearby properties, and a new smoking ban as reasons.[11] In December 2010, Majestic sued Barden, claiming that he changed the company's tax status without notice, costing over $2 million in additional tax liabilities.[12] The company's reorganization plan, filed the following month, would end Barden's ownership interest, while leaving other executives in place.[13] The company left bankruptcy in 2011 under the majority ownership of Wayzata Investment Partners.[14]
Casino Majestic Panama
In October 2011, several months after Barden's death, his estate sold Fitzgeralds Las Vegas to brothers Derek and Greg Stevens, majority owners of the Golden Gate casino.[15]
In May 2012, Majestic Star agreed to sell Fitzgeralds Black Hawk for $28 million to Saratoga Harness Racing, owner of Saratoga Casino and Raceway in New York.[16] The sale closed in January 2013.[17]
Majestic Star sold Fitzgeralds Tunica to Foundation Gaming in August 2018.[18][19]
In November 2018, the company agreed to be acquired by Spectacle Entertainment, a new firm owned primarily by two Indiana-based investors.[20] The buyers said they would lobby for permission to move the Majestic Star Casino inland within Gary, and to move the Majestic Star II's casino license to another city in Indiana.[21]
Properties[edit]
- Majestic Star Casino − Gary, Indiana
- Majestic Star II − Gary, Indiana
Former[edit]
- Fitzgeralds Black Hawk — Black Hawk, Colorado
- Fitzgeralds Las Vegas — Las Vegas, Nevada
- Fitzgeralds Tunica − Tunica Resorts, Mississippi
References[edit]
- ^'Detroiter Builds Out-Of-State Casino Empire'. Casino City Times. 21 April 2002. Retrieved 9 October 2011.
- ^'Fitzgeralds in bankruptcy, three casinos being sold'. Las Vegas Sun. 6 December 2000. Retrieved 9 October 2011.
- ^'Cook-Lauth Name Majestic Star Casino For Orange County Project'. Inside Indiana Business. 21 April 2005. Retrieved 9 October 2011.
- ^'Majestic Star won't operate Orange County casino'. Las Vegas Sun. 26 September 2005. Retrieved 9 October 2011.
- ^Erler, Susan (November 5, 2005). 'Majestic Star buying Trump casino'. The Times of Northwest Indiana. Retrieved 2018-12-08.
- ^'Trump Entertainment Resorts completes sale of Trump Indiana riverboat to Majestic Star' (Press release). Trump Entertainment Resorts. December 21, 2005. Retrieved 2018-12-08.
- ^ abHamill, Sean (12 December 2007). 'For Casino Owner, Winning a License Was Not a Matter of Luck'. New York Times. Retrieved 9 October 2011.
- ^'Pittsburgh's casino to get new name'. Pittsburgh Business Times. 18 November 2008. Retrieved 9 October 2011.
- ^'Pittsburgh Casino Rescue Plan Would Reduce Don Barden's Role'. WTAE.com. 10 July 2008. Retrieved 9 October 2011.
- ^ ab'Majestic Star Casino files for bankruptcy'. Pittsburgh Post-Gazette. 24 November 2009. Retrieved 9 October 2011.
- ^'Competition factor in Majestic Star bankruptcy'. Casino City Times. 21 September 2010. Retrieved 9 October 2011.
- ^Rochelle, Bill (4 January 2011). 'Majestic Star, Milwaukee Archdiocese, Broadstripe: Bankruptcy'. Bloomberg. Retrieved 9 October 2011.
- ^Tweh, Bowdeya (21 September 2010). 'Majestic Star files bankruptcy plan'. Times of Northwest Indiana. Retrieved 9 October 2011.
- ^Majestic Star owner out of bankruptcy
- ^McGarry, Caitlin (October 29, 2011). 'Fitzgerald's new owners plan makeover, new name'. Las Vegas Review-Journal. Retrieved 2012-03-13.
- ^Pankratz, Howard (15 May 2012). 'Fitzgeralds Black Hawk sold for $28 million to N.Y. company'. Denver Post. Retrieved 3 July 2012.
- ^Paul Post (January 30, 2013). 'Saratoga Harness buys Colorado casino'. The Saratogian. Retrieved 2013-01-31.
- ^Bolton, Jason (September 4, 2018). 'New dealer: Fitz Tunica acquired by Mississippi company'. Memphis Business Journal. Retrieved 2018-12-08.
- ^'Spectacle Entertainment to acquire Majestic Holdco' (Press release). Spectacle Entertainment. November 28, 2018. Retrieved 2018-12-08 – via Associated Press.
- ^Steele, Andrew (November 28, 2018). 'Indy-based company agrees to buy Majestic Star'. The Times of Northwest Indiana. Retrieved 2018-12-08.
- ^Hirsch, Stuart (December 4, 2018). 'Former Centaur chairman makes bid for Gary casinos'. The Herald Bulletin. Anderson, IN. Retrieved 2018-12-08.
Sources[edit]
External links[edit]
LOOKING FOR LOVE IN ALL THE RIGHT PLACES
SELECT SATURDAYS | 1PM – 10PM
ACTIVATION | 6AM – 9:55PM
Majestic Star Casino is spreading the love and filling your pockets
with cash! Be sure to activate your entries on drawing days starting
at 6am for a chance to win your share of $15,000! Thirty lucky
winners will feel the love when they’re randomly selected to win
$500 in Free Slot Play from 1pm to 10pm.
Monthly earning begins Monday, February 1. Guests may only win once per promotional day.
HOT TECH FOR THE COLD DAYS
SELECT FRIDAYS | 4PM – 10PM
ACTIVATION | 6AM – 9:55PM
This winter warm your heart with a new Apple iPad or MacBook Pro!
Activate your entries from 6am to 9:55pm on drawing days for a chance
to win a 10” Apple iPad. Winners will be drawn every hour from 4pm – 9pm.
Then, at 10pm the Grand Prize winner will go home with a new 16” MacBook Pro!
.Guests may only win once per promotional day and only win one Grand Prize. Need not be present to win. Earning begins Monday, February 1. Entries do not roll over week to week. Winners will be notified by phone or email. Winners will be posted to the Majestic Star Casino website on Mondays.
A MYSTERY GIFT FOR YOU
SELECT THURSDAYS | 6AM – 10PM
Majestic Star Casino has a crush on you and to prove it, we are giving everyone a gift.
Simply swipe at any Rewards Kiosk to win your mystery prize. You could win up to $1,000
in Free Slot play, an Instant Pot, an Amazon Fire TV Stick or Echo Dot, Bonus Entries and so
much more! Your secret gift may be claimed at the Majestic Reward Center until midnight.
One swipe per person per promotional day. Gifts must be redeemed by midnight each promotional day. Must have valid ID to redeem gift. Free Slot Play valid until 11:59pm each promotional day.
THE WINNING IS HEATING UP
THURSDAY, FEB. 25 – SATURDAY, FEB. 27
NOON – MIDNIGHT
We’re turning up the heat at Majestic Star Casino! One winner will win
Free Slot Play every hour right from the comfort of their favorite slot machine.
Actively play with your Rewards Card for your chance to win. Thursdays, we’ll
start at a cool $100. Fridays, we’ll raise the temperature to $150.
And, Saturdays you could win a red hot $200.
Guests may only win once per day. Must be actively playing on a slot machine. Not open to table games.
PREMIUM & GOLD DRAWING
MONDAYS | 12PM – 8PM
ENTRY ACTIVATION | 6AM – 7:55PM
The prize is on the rise for our Premium & Gold Tier Guests! Activate your entry at any Rewards Kiosk to win up to $500 in Free Slot Play. Prizes automatically loaded to your Rewards Card.
Must be a Premium or Gold Majestic Rewards Member.
Guests receive one entry and must activate at the Rewards Kiosk.
Entry does not carry over. Need not be present to win.
EXCLUSIVE PREMIUM TIER GIFT
SATURDAY, FEBRUARY 6 | NOON – 8PM
KINDLE FIRE 7
Casino Majestic Star Buffet
The best-selling tablet is yours for the taking! You can read, watch a movie
and listen to music all from one powerful device. Premium members can swipe
at any Rewards Kiosk to reserve your Amazon Kindle Fire 7 with Alexa.
Majestic Star Casino Ii
Must be a Premium Majestic Rewards member. One gift per person. Must reserve your gift for pick-up at a later date.
IT’S YOUR LUCKY TUESDAY
50+ Drawing
TUESDAYS | NOON – 6PM
ENTRY ACTIVATION | 6AM – 5:55PM
Majestic Star Casino News
Be one of the Lucky Seven! Every week, every hour you could
be one of seven lucky guests to win $200 in Free Slot Play!
Activate your free entry at the Rewards Kiosk starting at 6am each Tuesday.
Guests must be 50 or over on the promotional day. Guests may only win once per day. Need not be present to win.
Guests receive one entry and must activate at the Rewards Kiosk.
HARD ROCK SOCIAL CASINO
DOWNLOAD & WIN
Casino Indiana Majestic Star
Download the Hard Rock app and bring your welcome
confirmation email to the Majestic Rewards Center for
$10 Free Slot Play any day in January.
Majestic Star Casino Careers
Once per person.
Comments are closed.