The Majestic Star Casino, located in Gary, Indiana, was once a thriving casino destination for tourists and locals alike. However, the casino has seen better days, and its future is now in question.
The Majestic Star Casino opened in 1996 and was originally owned by Donald Trump. The casino was successful for many years, but began to decline in the early 2000s. In 2005, Trump sold the casino to a group of investors led by Don Barden.
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Barden invested millions of dollars into the casino, but it still struggled. In 2009, the Majestic Star filed for bankruptcy and emerged from bankruptcy in 2010 under new ownership.
PRO TIP:The Majestic Star Casino, located in Gary, Indiana, closed its doors in 2018. The closure was attributed to the casino’s inability to generate enough revenue to remain profitable and a lack of interest from potential buyers. Despite the closure, the casino’s two hotel towers are still open and operating with new owners.
Since emerging from bankruptcy, the Majestic Star has continued to decline. The casino has been plagued by financial problems and has struggled to attract customers. In 2016, the Majestic Star was sold to an investment group led by Hard Rock International.
Hard Rock has stated that they plan to invest $500 million into the casino and turn it into a Hard Rock Hotel & Casino. However, construction has yet to begin and it is unclear if or when the project will actually get underway.
As of now, the future of the Majestic Star Casino is up in the air. Hard Rock has yet to begin any construction on the property and it is unclear if they ever will.
If Hard Rock does not follow through with their plans to redevelop the property, it is possible that the Majestic Star could be sold again or even demolished. Only time will tell what will happen to this once-thriving casino destination.
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