Barden
Owns Stake in Greektown
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…"
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