“We are emerging from Chapter 11 with a strengthened balance sheet and the ability to compete more effectively in our respective markets,” said Majestic Star Chief Operating Officer Mike Darley.

The Minnesota-based Wayzata Investment Partners LLC is now the largest holder of the reorganized casino company.

Darley says after the reorganization, the company is “better positioned than ever before to provide our visitors and guests with the best hospitality, entertainment and gaming experience possible.”

He also said he was optimistic about the future of the business and looked forward to building Majestic Star into a stronger, more successful company.

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