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Fitz Casino’s Parent Files for Bankruptcy
TOM WILEMON | The Daily News
The Majestic Star Casino LLC, the parent company of Fitz Casino & Hotel in Tunica, reported Tuesday morning it had filed for bankruptcy in an attempt to restructure its debt.
The move was not unexpected since the company has previously warned it might file for bankruptcy after having missed debt payments. Don Barden, the owner of the company, said the Chapter 11 bankruptcy filing should not affect the day-to-day operations of its casinos. Fitz employed 809 people at its Tunica casino during the third quarter, according to the Mississippi Gaming Commission.
“We are committed to continuing to serve our visitors and guests, and to providing them with the same superior hospitality, entertainment and gaming experiences that we always have,” Barden said. “We will continue to offer our normal reward programs, events and promotions at all of our properties.”
Majestic Star also has casinos in Gary, Ind., and Black Hawk, Colo.
Barden said the company expected the bankruptcy filing to have no impact on employees or its suppliers.
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