Majestic Star Casino

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Reorganization plan OKd for Gary casino operator

Majestic Star Casino LLC on Thursday won confirmation of its Chapter 11 reorganization plan after striking deals to end a long-running dispute with the city of Gary and broker peace with tax authorities.

Judge Kevin Gross signed off on the restructuring scheme for Majestic Star at a hearing in the U.S. Bankruptcy court in Wilmington, Del., clearing the way for some of the casinos controlled by Detroit mogul Don Barden to move ahead without him. Get the full story »