Majestic files for bankruptcy

Las Vegas based land casino, Majestic star files for bankruptcy. Majestic recently defaulted on an $80 million loan and has therefore had to file for bankruptcy. The recession has been to blame according to the casino owner but they will not be pulling out of the overall casino business he commented. Lehman Brothers has about $46.3 million in the casino and Goldman Sachs $64 million. According to associated press Majestic star owed $750 million at the end of June and was worth about $405 million.

Tags: bankruptcy, Majestic, Majestic star

This entry was posted on Wednesday, November 25th, 2009 at 1:44 pm and is filed under Land casino news.

Our Top 5 Online Casinos

Although every attempt has been made to ensure the fairness and security toward the player at each of the links that can be found on this website, JackpotAvenue cannot be held responsible if discrepancies occur between an online gambling operation and you, the player after following a link from this website. Consult your local authorities prior to registering with any online wagering service. This site is not intended for US players as none of our recommended casinos accept players. Use of this information in violation of any federal, state or local laws is prohibited.

Majestic files for bankruptcy

Leave a Reply

Our Top 5 Online Casinos

Casino Deposit Methods