Prospector
Profile
07.1521
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| The Majestic Star Casino LLC |
NAICS |
713210 |
| 301 Fremont Street
Las Vegas, NV 89101 |
Description |
Casinos |
| (702) 388-2224 |
Employees |
2900 |
| http://www.majesticstar.com/ |
Revenue |
(mil) |
354.8300 |
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Income |
(mil) |
-14.3100 |
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Assets |
(mil) |
506.3600 |
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Liability |
(mil) |
604.9500 |
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(for the year ended 2006-12-31) |
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Category:
Low Rating
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Event:
Standard & Poor's Ratings Services lowered its rating on Majestic Star's 9.75% senior unsecured notes and parent holding company Majestic Holdco LLC's senior discount notes to 'CCC' from 'CCC+'. "The rating downgrade follows increased deterioration in Majestic Star's liquidity position and weakening credit measures, due to continued negative operating trends," said Standard & Poor's credit analyst Guido DeAscanis.
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Intellectual Property:
The Company utilizes a comprehensive integrated marketing campaign to brand Majestic Star as THIS IS MY KIND OF PLACE® for slot customers from the middle-income segment. The Company owns certain trademarks that are integral to the business and operation of Majestic Star’s riverboat gaming facility and the Fitzgeralds Casinos. For Majestic Star, each of the trademarks, Majestic Star Casino® (words and design), Majestic Star®, Club Majestic®, Club Majestic Premier®, Change Your Luck!®, We’ve Got Your Slots®, and This is My Kind of Place® is currently registered in the United States Patent and Trademark Office. Applications for registrations have been filed for the marks “PROMOCASH” (words and design) and “WHOOPLA!”. The Company also owns proprietary rights in registered and common law trade names, trademarks and service marks used in connection with the business and created to enhance the Irish theme and gaming activities, including the marks Fitzgeralds®, Fitz®, Get Reel Lucky®, and Mr. O’Lucky®. [SEC Filing 10-K 04-02-07]
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Description:
The Company owns and operates casino properties in Gary, Indiana; Tunica County, Mississippi; and Black Hawk, Colorado.
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Officers:
Don H. Barden (Chair, Pres. & CEO); Kirk Saylor (EVP & COO); Jon S. Bennett (VP & CFO); Steven J. Lemberg (EVP-Strategic Initiatives); Patrick R. Cruzen (Dir.); Andrew J. Warhola (Dir.); Michelle R. Sherman (Dir.); Cara Brown (Dir.)
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Auditor:
PricewaterhouseCoopers LLP
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Notes:
The Company has no publicly traded equity securities.
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