Fitzgeralds Casino Black Hawk

The Majestic Star, LLC The Majestic Star Casino, LLC ("the Company") was formed by Mr. Don Barden in December 1993 to pursue one of two gaming licenses at Buffington Harbor in Gary, Indiana. In June 1996, along with Trump Indiana, both companies opened dockside facilities to take advantage of gaming opportunities in the Chicagoland market, now the third largest gaming market in the United States behind Las Vegas and Atlantic City. In December 2001, the Company grew substantially with the purchase of the Fitzgerald-brand properties in Las Vegas, Tunica, Mississippi (30 miles south of Memphis) and Black Hawk, Colorado (35 miles west of Denver). With these additions, the Company diversified itself into a national gaming company. On December 31, 2003, the Fitzgeralds Las Vegas property was spun out of the Company to Barden Development Inc., the Company's ultimate parent and member, and also owned by Mr. Barden. Fitzgeralds Las Vegas and the Company have entered into an expense sharing agreement in which Fitzgeralds Las Vegas reimburses the Company for certain services provided by the Company. As of December 31, 2005, our casinos (including Fitzgeralds Las Vegas) collectively included approximately 5,800 slot machines, 165 table games, 21 poker tables and 1,441 hotel rooms. The Company currently has $300.0 million of 9.5% senior secured notes, due October 2010, and $200.0 million of 9.75% senior notes, due January 2011, outstanding. In addition, the Company has an $80.0 million revolving credit facility that will mature in April 2010.