Majestic Star Casino hires Goldman Sachs to help evaluate alternatives

By Caroline Salls

Pittsburgh, Nov. 17 - Majestic Star Casino, LLC has hired Goldman, Sachs & Co. as a financial adviser to help the company evaluate its financial and strategic alternatives, according to a company news release.

Goldman Sachs will work in conjunction with XRoads Solutions Group, LLC.

According to the release, Majestic's alternatives could include a recapitalization, refinancing, restructuring or reorganization of its obligations or a sale of some or all of its assets.

"With the addition of Goldman Sachs, the company has assembled an excellent team of professionals to help assist management in developing and executing on strategies that will position the company to maximize long-term value," Majestic chairman, president and chief executive officer Don Barden said in the release.

Majestic Star is a Las Vegas-based owner and operator of casino hotels.

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