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Majestic to Buy Trump Indiana

4 November 2005

LAS VEGAS – (PRESS RELEASE) -- The Majestic Star Casino, LLC ("Majestic") announced today that Majestic has signed a definitive agreement to purchase 100% of the stock of Trump Indiana, Inc. ("Trump Indiana"). Trump Indiana owns and operates a casino vessel and hotel at Buffington Harbor in Gary, IN.

Majestic will pay a purchase price of $253 million, subject to certain adjustments and customary representations and warranties.

"We are excited about the acquisition of Trump Indiana and believe that we will not only realize immediate significant efficiencies by combining the operations of Majestic and Trump Indiana, but most importantly, we will be able to take advantage of our enormous land base at Buffington Harbor. Over time, we believe that we will own and operate the most competitive gaming operation in the Chicagoland market," said Don H. Barden, Chairman and CEO of Majestic. Mr. Barden continued, "Trump Indiana has been a good neighbor throughout the years, and we have enjoyed working with them."

Majestic currently owns a casino vessel adjacent to Trump's casino vessel, and through a joint venture with Trump, owns and operates Buffington Harbor Riverboats, LLC, which manages all ancillary operations at Buffington Harbor. Trump and Barden Development, Inc., the parent of Majestic, jointly own the parking garage located at Buffington Harbor. Majestic has engaged a master planner to assist with the overall development of the approximately 300 acres at Buffington Harbor, with the objective of making Buffington Harbor a premier gaming and entertainment destination site.

Consistent with the terms of the agreement, the transaction is expected to close by the end of the year, subject to required regulatory approvals.

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