Trump to sell Lake Michigan casino, hotel
| 06 November 2005 |
As reported by: Island Packet
Donald Trump's casino company says it has agreed to sell its Lake Michigan riverboat and hotel to The Majestic Star Casino LLC in a $253 million deal.
Trump Indiana owns and operates a riverboat casino and hotel at Buffington Harbor in Gary.
The sale of the casino comes as Trump Entertainment Resorts works on its reorganization after filing for bankruptcy protection last year. Trump has operated the Gary casino since it opened nine years ago.
Las Vegas-based Majestic has a neighboring casino in Gary and the two companies have a joint venture that owns the dock, entrance pavilion and restaurants that the two riverboats share.
Trump Entertainment said Friday it expected to receive $227 million in the deal after accounting for certain taxes, fees and other closing costs and expenses.

Article By: Island Packet
Trump Indiana owns and operates a riverboat casino and hotel at Buffington Harbor in Gary.
The sale of the casino comes as Trump Entertainment Resorts works on its reorganization after filing for bankruptcy protection last year. Trump has operated the Gary casino since it opened nine years ago.
Las Vegas-based Majestic has a neighboring casino in Gary and the two companies have a joint venture that owns the dock, entrance pavilion and restaurants that the two riverboats share.
Trump Entertainment said Friday it expected to receive $227 million in the deal after accounting for certain taxes, fees and other closing costs and expenses.
Article By: Island Packet
Post a Comment
Top Online Casino Choice
Aladdins Gold Casino

Steal The Magic Lamp | Help Aladdin steal the magic lamp by guessing the 6 letter password to the treasure chest and you could walk away with a huge cash prize.

Steal The Magic Lamp | Help Aladdin steal the magic lamp by guessing the 6 letter password to the treasure chest and you could walk away with a huge cash prize.
Bodog Casino

100% Casino Match Bonus | On your first chip purchase in the Bodog Casino, receive a 100% match bonus of up to £/€/$50, instantly

100% Casino Match Bonus | On your first chip purchase in the Bodog Casino, receive a 100% match bonus of up to £/€/$50, instantly
Share it
Latest News
- Two New Slots from Microgaming Join Red Flush Online Casino
Date: 12 February 2012 - World Poker Tour® Season X Premieres Sunday February 12th on Fox Sports Net®
Date: 10 February 2012 - Online Casino, Casino Online.co.pt, Announces New Website
Date: 10 February 2012 - Sale of Smaller Riverboat Complete in Lake Charles, Louisiana
Date: 10 February 2012 - PA Lottery: Feb. 11 Powerball Jackpot is $310 Million, Fifth Largest in Game History
Date: 10 February 2012 - PA Lottery: Feb. 11 Powerball Jackpot is $310 Million, Third Largest in Game History
Date: 10 February 2012 - Gamesys: Online Bingo Winner Gets Lucky With A Special Grand Prize!
Date: 10 February 2012 - Titan Casino Shows Players the Love with a Free EUR10 Valentine's Day Bonus
Date: 10 February 2012 - Senate Committee Hearing Focuses on Justice Department Internet Gambling Ruling
Date: 10 February 2012 - Sky Announce New Poker Game: Timed Tournaments
Date: 10 February 2012






Readers Comments
No comments have been submitted yet for this article.