Majestic Star Gets Approval of Reorganization Plan
Posted on Apr 23, 2011 2:35pm PDT
A bankruptcy judge has reportedly approved the reorganization plan for Majestic Star Casino LLC. The company's plan will reportedly reduce its long-term debt load 78% to about $160 million. Majestic Star is reportedly still operating during Chapter 11 bankruptcy. The company's primary creditors have reportedly already showed support of the plan.
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