"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."
The announcement also happened to coincide with Barden's 63rd birthday.
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.
PITG Gaming also plans to assist with a $350 million redevelopment plan in the Lower Hill---with input from the area's stakeholders. PITG will also 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. Barden is Chairman, President and CEO of Barden Companies, Inc., one of the largest and most successful African American owned businesses in America.
|The Majestic Star Casino, LLC is a multi-jurisdictional gaming company that owns and operates one riverboat gaming facility located in Gary, Indiana (Majestic Star) and two Fitzgeralds-brand casino-hotels located in Tunica County, Mississippi (Fitzgeralds Tunica) and Black Hawk, Colorado (Fitzgeralds Black Hawk). The casinos collectively contain approximately 3,461 slot machines, 92 table games and 507 hotel rooms.|
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