Thursday, November 12, 2009

Majestic Star casino company misses debt payments

GARY, Ind. - The company that owns two casinos along Indiana's Lake Michigan shore and others in Mississippi and Colorado has been declared in default on nearly $80 million in debt by its lenders.

Majestic Star Casino LLC disclosed the default notice in a Securities and Exchange Commission filing. Majestic Star senior vice president Jon Bennett says the Las Vegas-based company is "looking at all alternatives available."

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