RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 67 1,482
MORTGAGES 115 115 2,323
FORECLOSURE NOTICES 47 47 1,271
BUILDING PERMITS 0 0 3,251
RECORD TOTALS DAY WEEK YEAR
BANKRUPTCIES 95 95 1,946
BUSINESS LICENSES 28 28 587
UTILITY CONNECTIONS 134 134 2,050
MARRIAGE LICENSES 24 24 361
Vol. 124 Wednesday, November 25, 2009 No. 232
Farris Bobango PLC TDN Blog

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 missing 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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