Gary's Mayor-elect betting on new casino operator

November 11, 2011

Tony Arnold and The Associated Press

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Two bankrupt Northwest Indiana casinos are under new ownership. Wayzata Investment Partners out of Minnesota is now calling the shots at the Majestic Star Casinos in Gary. Wayzata has been a top creditor since the casino's parent company filed for bankruptcy in 2009. A woman who answered the phone at Wayzata promptly hung up when reached for comment this afternoon.

But Gary Mayor-elect Karen Freeman-Wilson says she thinks the new owners will be good for both the casino and the City of Gary.

"Investment in their structure will attract more gamers and to the extent that you can attract more gamers and increase your volume and thereby increase your profits, that's a positive thing," she said.

Freeman-Wilson said the Majestic Star casinos owe the city up to $15 million. She said the city needs that money for infrastructure projects, especially fixing city streets.

Recent numbers show a few Northwest Indiana casinos have seen a decrease in attendance.