A federal bankruptcy judge in Delaware gave Majestic Star Casino LLC permission to continue paying its employees and bills while it undergoes restructuring, the Gary (Ind.) Post-Tribune reported Thursday. The company can also continue to provide comps to its best customers.
"We accomplished a great deal in the first few days of our Chapter 11 restructuring," Chief Executive Officer Don H. Barden said.
Majestic reported $750 million in liabilities in June with $405 million in assets. It operates Majestic Star casinos in Gary, Ind.; Fitzgeralds and Casino Hotel in Tunica County, Miss.; and Fitzgeralds Casino in Black Hawk, Colo.
Copyright 2009 by United Press International.
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