Casino news source: Michigan Citizen - http://michigancitizen.com/
Barden wins Pittsburgh casino license
PITTSBURGH, PA — Detroit businessman Don H. Barden was awarded a casino license Dec. 20 by the Pennsylvania Gaming Control Board.
Barden’s group will construct a $455 million casino on the city’s north shore near the Ohio River, according to a press statement.
“It is a pleasure and an honor to be able to bring the company’s rich gaming tradition to Pittsburgh, so this is a very exciting day for me,” said Barden. “I’m also excited that this project will allow me to be a part of the Hill district’s rebirth.”
Barden’s Majestic Star Casino will sit on 17 acres, be a 400,000 square foot facility, and eventually boast 5,000 slot machines. It is expected to create 7,000 jobs —4,000 tied to construction and 3,000 permanent and full-time positions when the site opens. The site is expected to be completed by March, 2008.
Barden will also assist with a $350 million redevelopment plan in the Lower Hill and invest $7.5 million a year for the next 30 years toward the cost of a new arena.
The country’s first and only African American to own a national casino company, Barden owns five other casino properties—one Las Vegas, Nev., another in Tunica, Miss., a third in Black Hawk, Colorado and two in Gary, Indiana-— with annual revenues exceeding $500 million. |
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