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Majestic Star Casino name Chief Executive Officer and President

17 February 2012

LAS VEGAS, Nevada -- (PRESS RELEASE) -- The Majestic Star Casino, LLC, a multi-jurisdictional gaming company, announced today the appointment of Peter M. Liguori as Chief Executive Officer (“CEO”) and President of its parent company, Majestic Holdco, LLC, and each of its subsidiaries (together with The Majestic Star Casino, LLC, “Majestic Star” or the “Company”) effective March 8, 2012. Mr. Liguori will also serve as a member of the Company’s Board of Managers (the “Board”).

“I am very excited to be joining the organization and look forward to working collaboratively with the Majestic Star management team, the Company’s employees, the Board and our host communities to provide a quality gaming entertainment experience for our guests and through this enhance shareholder value”
“We are very pleased to welcome Mr. Liguori to Majestic Star and are fortunate to have someone with his extensive casino operations and finance experience serve as the Company’s CEO and President as well as on our Board,” said Patrick Halloran, Chairman of the Board.

Mr. Liguori has over 30 years experience in the gaming industry including executive level experience at land-based, riverboat and Native American casinos in the United States, Canada, Greece, Spain and South America. He most recently served as the president of Chicago-based HGMI Gaming, formerly Hyatt Gaming Management. Prior to joining HGMI Gaming, Mr. Liguori was the corporate vice president of finance for Ameristar Casinos, Inc. Mr. Liguori began his career in Atlantic City where he worked for 13 years in various financial positions with Harrah’s Entertainment at the Harrah’s Marina Hotel and Casino and then at Trump Taj Mahal Casino Resort and Trump Plaza Hotel & Casino.

“I am very excited to be joining the organization and look forward to working collaboratively with the Majestic Star management team, the Company’s employees, the Board and our host communities to provide a quality gaming entertainment experience for our guests and through this enhance shareholder value,” said Mr. Liguori.

About The Majestic Star Casino, LLC

The Majestic Star Casino, LLC, is a multi-jurisdictional gaming company that directly owns and operates: two adjacent dockside gaming facilities (Majestic Star and Majestic Star II) and a hotel located in Gary, Indiana; a Fitzgeralds brand casino and hotel located in Tunica, Mississippi (Fitzgeralds Casino Hotel – Tunica); and a Fitzgeralds brand casino located in Black Hawk, Colorado (Fitzgeralds Casino – Black Hawk).

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