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Competition factor in Majestic Star bankruptcy

21 September 2010

DELAWARE, Indiana -- Majestic Star's bankruptcy was due in part to its competition, the Post-Tribune reported.

The Majestic Star filed its reorganization plan last Friday, the report said.

In the court documents the casino cites four other properties opening, renovating or expanding in close proximity to it, the Post-Tribune reported.

Other factors were the recession and smoking ban, but now the Majestic Star is hopeful it can emerge from bankruptcy in 2011, according to the Post-Tribune report.

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