Jul 10, 2008 8:12 pm US/Eastern
Barden Gives Up Control Of North Shore Casino
HARRISBURG (KDKA) ―
Developer Don Barden is giving up majority control of the Majestic Star Casino on Pittsburgh's North Shore
Under a proposal presented before the state Gaming Control Board in Harrisburg today, Barden would become part of the management of new team called High Pitt Gambling.
Due to his financial issues, Barden created this new partnership with Greg Carlin, Real-estate magnate Neil Bluhm and his brother Andrew Bluhm. Carlin would be the new CEO under the plarn.
While PITG Gaming would be the principle licensee and indirect owner of holdings, Barden's attorney told KDKA's Jon Delano that Barden will no longer be the majority owner of the new company.
Stay with KDKA for more on this developing story
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