Majestic Star Acquires Trump Indiana - Tuesday 27th of December 2005

LAS VEGAS – The Majestic Star Casino, LLC and itsaffiliates (the "Company") announced today that it has completed theacquisition of Trump Indiana, Inc. ("Trump Indiana"). Effective today, theCompany will own and operate two (2) casino vessels and a hotel at BuffingtonHarbor in Gary, IN. Under the terms of a purchase agreement dated November 3,2005, the Company acquired Trump Indiana for a purchase price of $253 million,subject to certain adjustments.

The Company is wholly owned by Detroit businessman Don H. Barden, who isthe country's first and only African American to own a national casinocompany. Mr. Barden, Chairman and CEO of the Company, now owns five (5)casino properties with annual revenues exceeding $500 million. The Company isone of only a handful of privately-held gaming companies in the United States.

Commenting on the closing of the acquisition, Mr. Barden said, "This was acomplicated deal, but I am very pleased with the outcome. The transaction wasa natural next step for us. We will immediately benefit from combining thetwo operations by realizing significant efficiencies. Additionally, we nowcontrol over 300 acres of land at Buffington Harbor, which creates anextraordinary development opportunity. We are positioned to become the mostcompetitive gaming operation in the Chicagoland market."

"Initially, the Company will focus on a successful integration of MajesticStar and Majestic Star II (formerly known as Trump Indiana) and on achievingthe significant cost savings and synergies identified through our duediligence process. Over time, we expect to improve our cash flow andstrengthen our balance sheet. With a new source of revenue and cash flow, weexpect to generate significant free cash flow to be used to reduce debt andinvest in each of our properties."

Mr. Barden continued, "I would like to take this opportunity to thank myexecutive management team, our investment bankers and attorneys. This wastruly a team effort and we could not have closed on this deal withouteveryone's commitment and tenacity. I want to welcome the Trump Indiana teammembers to the Company. We look forward to a long and mutually rewardingrelationship."

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