The Majestic Star Casino in Gary, Indiana is set to close its doors for good on Monday, August 5th. This comes as a shock to many, as the casino has been a staple in the Gary community for over 20 years.
The Majestic Star has been struggling financially for quite some time now. In fact, it was only last year that the casino was able to stay afloat after defaulting on $53 million in debt.
Since then, things have only gotten worse for the Majestic Star.
The casino has been hit hard by the COVID-19 pandemic. Like many businesses, the Majestic Star had to temporarily close its doors back in March.
However, unlike other businesses, the Majestic Star was never able to reopen.
This past June, the Majestic Star filed for Chapter 11 bankruptcy protection. This gave the casino some time to try and find a buyer or investor.
Unfortunately, no one stepped up and the Majestic Star was forced to close its doors for good.
The closure of the Majestic Star is a huge blow to the Gary community. The casino employed over 1,000 people and was one of the city’s largest employers.
The closure will also have a ripple effect on other businesses in Gary, as many of them rely on the casino for revenue.
It’s truly a sad day for Gary and everyone who has been associated with the Majestic Star Casino over the years.
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The Majestic Star Casino in Gary, Indiana was permanently closed on Monday, August 5th, 2019. The casino had been in operation for nearly 30 years, but had been struggling financially in recent years. The closure of the Majestic Star Casino will result in the loss of nearly 500 jobs.
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