Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Search Our Archive of Gaming Articles 

Barden Owns Stake in Greektown

9 November 2005

MICHIGAN – As reported by the Detroit Free Press: "Don H. Barden now owns 3.8% of Greektown Casino after the state's casino regulating board approved the purchase on Tuesday.

"But Barden's interest is expected to be short-lived. He has a signed agreement with Greektown Casino's majority owners the Sault Ste. Marie Tribe of Chippewa Indians to sell those shares back - netting nearly $5 million in profit. He bought the shares from two minority owners in the casino.

"Barden, one of the nation's wealthiest African-American businessmen, just made a deal with Donald Trump last week to buy his Trump Indiana Inc. casino for $253 million. Barden already owns casinos in Indiana, Nevada, Colorado and Mississippi…"

< Gaming News