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MAJESTIC DEVELOPMENT & MANAGEMENT CORPORATION COMPLETES INITIAL PUBLIC OFFERING

 MINNEAPOLIS, Jan. 7 /PRNewswire/ -- Majestic Development & Management Corporation, a newly formed Minneapolis-based corporation, announced today that it has completed its initial public offering of common stock. The company's stock will be traded on the local Twin Cities (Minneapolis-St. Paul) market.
 Established in June 1992, Majestic Development & Management Corporation was formed to work with Native American tribes in developing and managing gaming facilities and other economic development projects. The company also intends to develop and manage gaming facilities in states such as Colorado, Mississippi and South Dakota where gaming is legal.
 -0- 1/7/93
 /CONTACT: Edwin Neuger (Home) 612-929-0945, or David Neuger (Home) 612-699-6730, both of Edwin Neuger & Associates, 612-333-6621, for Majestic Development & Management Corporation/


CO: Majestic Development & Management Corporation ST: Minnesota IN: CNO SU: OFR

KH -- MN009 -- 2644 01/07/93 11:53 EST
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Publication:PR Newswire
Date:Jan 7, 1993
Words:135
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