| (Mark      One) |                                                  |   |
|-----------------|-------------------------------------------------------|--------|
| x               | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) |   |
|            | OF      THE SECURITIES EXCHANGE ACT OF 1934           |   |

|   |                                                                |   |
|--------|---------------------------------------------------------------------|--------|
|  ̈ | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d)              |   |
|   | OF      THE SECURITIES EXCHANGE ACT OF 1934                         |   |
|   | For      the transition period from ______________ to______________ |   |

| Indiana                                                             |   | THE      MAJESTIC STAR CASINO, LLC                          |   | 43-1664986                                |
|---------------------------------------------------------------------|--------|-------------------------------------------------------------|--------|-------------------------------------------|
| Indiana                                                             |   | THE      MAJESTIC STAR CASINO CAPITAL CORP.                 |   | 35-2100872                                |
| Indiana                                                             |   | MAJESTIC      STAR CASINO CAPITAL CORP. II                  |   | 20-3879309                                |
| (State      or other jurisdiction of incorporation or organization) |   | (Exact      name of registrant as specified in its charter) |   | (I.R.S.      Employer Identification No.) |

|   | Yes |  ̈ | No | x |   |
|--------|-----|--------|----|---|--------|

| Large      accelerated filer  ̈ | Accelerated      Filer  ̈ | Non-accelerated      filer x                       | Smaller      reporting  company  ̈ |   |
|-------------------------------------|-------------------------------|----------------------------------------------------|--------------------------------------------------|--------|
|                                |                          | (Do      not check if a smaller reporting company) |                                             |   |

|   | Yes |  ̈ | No | x |   |
|--------|-----|--------|----|---|--------|

|   | Not      Applicable |
|--------|---------------------|

----

| PART I  | FINANCIAL      INFORMATION | Page      No.                                                                                                                         |
|---------|----------------------------|---------------------------------------------------------------------------------------------------------------------------------------|
|    |                       |                                                                                                                                  |   |
|    | Item 1.                    | Financial      Statements.                                                                                                            |   |
|    |                       |                                                                                                                                  |   |
|    |                       | Condensed      Consolidated Balance Sheets as of September 30, 2008 (unaudited) and      December 31, 2007                            | 1 |
|    |                       |                                                                                                                                  |   |
|    |                       | Condensed      Consolidated Statements of Operations for the three and nine months ended      September 30, 2008 and 2007 (unaudited) | 2 |
|    |                       |                                                                                                                                  |   |
|    |                       | Condensed      Consolidated Statements of Cash Flows for the nine months ended September      30, 2008 and 2007 (unaudited)           | 3 |
|    |                       |                                                                                                                                  |   |
|    |                       | Notes to the Condensed Consolidated Financial Statements      (unaudited)                                                             | 5 |
|    |                       |                                                                                                                                  |   |
|    | Item 2.                    | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations.                                | 28 |
|    |                       |                                                                                                                                  |   |
|    | Item 3.                    | Quantitative      and Qualitative Disclosures About Market Risk.                                                                      | 39 |
|    |                       |                                                                                                                                  |   |
|    | Item 4T.                   | Controls      and Procedures.                                                                                                         | 39 |
|    |                       |                                                                                                                                  |   |
| PART II | OTHER      INFORMATION     |                                                                                                                                  |
|    |                       |                                                                                                                                  |   |
|    | Item 1.                    | Legal      Proceedings.                                                                                                               | 40 |
|    |                       |                                                                                                                                  |   |
|    | Item 1A.                   | Risk      Factors.                                                                                                                    | 40 |
|    |                       |                                                                                                                                  |   |
|    | Item 5.                    | Other      Information.                                                                                                               | 40 |
|    |                       |                                                                                                                                  |   |
|    | Item 6.                    | Exhibits.                                                                                                                             | 40 |
|    |                       |                                                                                                                                  |   |
|    | SIGNATURES                 | S-1                                                                                                                                   |

----

PARTI                                FINANCIALINFORMATION

|                                                                                  |   |               |         |   |              |   |
|---------------------------------------------------------------------------------------|--------|--------------------|--------------|--------|-------------------|--------|
|                                                                                  |   | September      30, |         |   | December      31, |   |
|                                                                                  |   | 2008               |         |   | 2007              |   |
| ASSETS                                                                                |   | (unaudited)        |         |   |              |   |
| Current      assets:                                                                  |   |               |         |   |              |   |
| Cash      and cash equivalents                                                        |   | $                  | 43,670,446   |   |              | $      | 29,216,263 |   |
| Restricted      cash                                                                  |   |               | 3,152,544    |   |              |   | 3,401,359 |   |
| Accounts      receivable, less allowance for doubtful accounts of $1,536,391      and |   |               |         |   |              |   |   |   |
|  $1,371,930      as of September 30, 2008 and December 31, 2007,    respectively |   |               | 3,683,761    |   |              |   | 5,779,838 |   |
| Inventories                                                                           |   |               | 1,017,212    |   |              |   | 1,088,508 |   |
| Prepaid      expenses and deposits                                                    |   |               | 4,677,420    |   |              |   | 2,013,891 |   |
| Receivable      from affiliates                                                       |   |               | 354,047      |   |              |   | 616,889 |   |
| Total      current assets                                                             |   |               | 56,555,430   |   |              |   | 42,116,748 |   |
|                                                                                  |   |               |         |   |              |   |   |   |
| Property,      equipment and improvements, net                                        |   |               | 271,180,715  |   |              |   | 279,629,166 |   |
| Intangible      assets, net                                                           |   |               | 119,341,960  |   |              |   | 121,936,336 |   |
| Goodwill                                                                              |   |               | 5,922,398    |   |              |   | 47,431,442 |   |
|                                                                                  |   |               |         |   |              |   |   |   |
| Other      assets:                                                                    |   |               |         |   |              |   |   |   |
| Deferred      financing costs, net of accumulated amortization                        |   |               |         |   |              |   |   |   |
| of      $11,616,101 and $9,107,124 as of September 30, 2008                           |   |               |         |   |              |   |   |   |
| and      December 31, 2007, respectively                                              |   |               | 7,228,819    |   |              |   | 9,737,796 |   |
| Deferred      financing costs, pushed down from Majestic Holdco, net of               |   |               |         |   |              |   |   |   |
| accumulated      amortization of $1,412,649 and $1,031,422 as of                      |   |               |         |   |              |   |   |   |
| September      30, 2008 and December 31, 2007, respectively                           |   |               | 1,546,090    |   |              |   | 1,927,317 |   |
| Other      assets                                                                     |   |               | 1,540,061    |   |              |   | 2,911,140 |   |
| Total      other assets                                                               |   |               | 10,314,970   |   |              |   | 14,576,253 |   |
|                                                                                  |   |               |         |   |              |   |   |   |
| Total      assets                                                                     |   | $                  | 463,315,473  |   |              | $      | 505,689,945 |   |
|                                                                                  |   |               |         |   |              |   |   |   |
| LIABILITIES      AND MEMBER'S DEFICIT                                                 |   |               |         |   |              |   |   |   |
| Current      liabilities:                                                             |   |               |         |   |              |   |   |   |
| Accounts      payable                                                                 |   | $                  | 2,391,075    |   |              | $      | 4,259,475 |   |
| Current      portion of long-term debt                                                |   |               | 571,309,277  |   |              |   | 202,780 |   |
| Current      portion of long-term debt of Majestic Holdco, net of    discount         |   |               |         |   |              |   |   |   |
| of      $311,256 as of September 30, 2008                                             |   |               | 63,188,744   |   |              |   | - |   |
| Accrued      liabilities:                                                             |   |               |         |   |              |   |   |   |
| Payroll      and related                                                              |   |               | 9,918,709    |   |              |   | 9,206,725 |   |
| Interest                                                                              |   |               | 22,591,631   |   |              |   | 10,980,075 |   |
| Property      and franchise taxes                                                     |   |               | 17,655,754   |   |              |   | 17,897,923 |   |
| Payable      to affiliate                                                             |   |               | -            |   |              |   | 214,288 |   |
| Other      accrued liabilities                                                        |   |               | 13,207,838   |   |              |   | 16,475,209 |   |
| Total      current liabilities                                                        |   |               | 700,263,028  |   |              |   | 59,236,475 |   |
|                                                                                  |   |               |         |   |              |   |   |   |
| Long-term      debt, net of current maturities                                        |   |               | -            |   |              |   | 556,535,441 |   |
| Long-term      debt of Majestic Holdco, net of discount of $5,789,771                 |   |               |         |   |              |   |   |   |
| as      of December 31, 2007                                                          |   |               | -            |   |              |   | 57,710,229 |   |
|                                                                                  |   |               |         |   |              |   |   |   |
| Total      liabilities                                                                |   |               | 700,263,028  |   |              |   | 673,482,145 |   |
|                                                                                  |   |               |         |   |              |   |   |   |
| Commitments      and contingencies (Note 7)                                           |   |               |         |   |              |   |   |   |
|                                                                                  |   |               |         |   |              |   |   |   |
| Member's      deficit                                                                 |   |               | (236,947,555 | )      |              |   | (167,792,200 | ) |
|                                                                                  |   |               |         |   |              |   |   |   |
| Total      liabilities and member's deficit                                           |   | $                  | 463,315,473  |   |              | $      | 505,689,945 |   |

|   | The      accompanying notes are an integral part of these condensed consolidated      financial statements. |
|--------|-------------------------------------------------------------------------------------------------------------|

----

|   | THE      MAJESTIC STAR CASINO, LLC ANDSUBSIDIARIES |
|--------|----------------------------------------------------|

|                                                      |   | For      The Three Months Ended |        |   | For      The Nine Months Ended |   |
|-----------------------------------------------------------|--------|---------------------------------|-------------|--------|--------------------------------|--------|
|                                                      |   | September      30,              |        |   | September      30,             |   |
|                                                      |   | 2008                            |        |   | 2007                           |   |   | 2008 |   |   | 2007 |   |
| OPERATING      REVENUES:                                  |   |                            |        |   |                           |   |   |   |   |   |   |   |
| Casino                                                    |   | $                               | 83,291,782  |   |                           | $      | 90,063,183 |   |   | $ | 258,494,566 |   |   | $ | 281,331,556 |   |
| Rooms                                                     |   |                            | 3,080,706   |   |                           |   | 3,376,417 |   |   |   | 9,082,330 |   |   |   | 8,970,884 |   |
| Food      and beverage                                    |   |                            | 5,764,626   |   |                           |   | 6,864,437 |   |   |   | 18,060,095 |   |   |   | 19,650,769 |   |
| Other                                                     |   |                            | 2,116,677   |   |                           |   | 1,913,297 |   |   |   | 6,137,116 |   |   |   | 5,814,657 |   |
| Gross      revenues                                       |   |                            | 94,253,791  |   |                           |   | 102,217,334 |   |   |   | 291,774,107 |   |   |   | 315,767,866 |   |
| Less:      promotional allowances                         |   |                            | 11,582,217  |   |                           |   | 12,635,402 |   |   |   | 34,760,187 |   |   |   | 41,913,819 |   |
|  Net      operating revenues                         |   |                            | 82,671,574  |   |                           |   | 89,581,932 |   |   |   | 257,013,920 |   |   |   | 273,854,047 |   |
|                                                      |   |                            |        |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| OPERATING      COSTS AND EXPENSES:                        |   |                            |        |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Casino                                                    |   |                            | 24,593,501  |   |                           |   | 24,222,459 |   |   |   | 72,896,681 |   |   |   | 71,037,278 |   |
| Rooms                                                     |   |                            | 685,875     |   |                           |   | 857,380 |   |   |   | 1,865,609 |   |   |   | 2,415,216 |   |
| Food      and beverage                                    |   |                            | 2,139,970   |   |                           |   | 2,989,151 |   |   |   | 6,406,386 |   |   |   | 8,359,345 |   |
| Other                                                     |   |                            | 368,016     |   |                           |   | 507,519 |   |   |   | 1,166,879 |   |   |   | 1,490,716 |   |
| Gaming      taxes                                         |   |                            | 19,794,869  |   |                           |   | 21,174,864 |   |   |   | 61,462,748 |   |   |   | 65,641,255 |   |
| Advertising      and promotion                            |   |                            | 6,016,163   |   |                           |   | 6,085,200 |   |   |   | 17,103,457 |   |   |   | 17,243,501 |   |
| General      and administrative                           |   |                            | 13,740,259  |   |                           |   | 14,003,947 |   |   |   | 42,476,157 |   |   |   | 42,153,132 |   |
| Corporate      expense                                    |   |                            | 1,456,749   |   |                           |   | 1,708,250 |   |   |   | 4,490,488 |   |   |   | 5,180,044 |   |
| Economic      incentive tax - City of Gary, net of refund |   |                            | (32,452     | )      |                           |   | 1,716,920 |   |   |   | 3,486,299 |   |   |   | 5,182,685 |   |
| Depreciation      and amortization                        |   |                            | 8,831,716   |   |                           |   | 8,154,118 |   |   |   | 25,498,263 |   |   |   | 24,355,497 |   |
| Estimated      impairment of goodwill                     |   |                            | 41,509,044  |   |                           |   | - |   |   |   | 41,509,044 |   |   |   | - |   |
| (Gain)      loss on disposal of assets                    |   |                            | (190        | )      |                           |   | (2,925 | ) |   |   | 70,289 |   |   |   | 805,638 |   |
| Total      operating costs and expenses                   |   |                            | 119,103,520 |   |                           |   | 81,416,883 |   |   |   | 278,432,300 |   |   |   | 243,864,307 |   |
|                                                      |   |                            |        |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Operating      (loss) income                              |   |                            | (36,431,946 | )      |                           |   | 8,165,049 |   |   |   | (21,418,380 | ) |   |   | 29,989,740 |   |
|                                                      |   |                            |        |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| OTHER      INCOME (EXPENSE):                              |   |                            |        |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Interest      income                                      |   |                            | 75,493      |   |                           |   | 92,937 |   |   |   | 250,132 |   |   |   | 466,983 |   |
| Interest      expense                                     |   |                            | (13,845,269 | )      |                           |   | (13,527,473 | ) |   |   | (40,699,506 | ) |   |   | (40,824,410 | ) |
| Interest      expense - debt pushed down                  |   |                            |        |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| from      Majestic Holdco                                 |   |                            | (1,994,611  | )      |                           |   | (1,778,076 | ) |   |   | (5,859,743 | ) |   |   | (5,224,955 | ) |
| Other      non-operating expense                          |   |                            | (6,260      | )      |                           |   | (19,690 | ) |   |   | (27,858 | ) |   |   | (70,056 | ) |
| Total      other expense                                  |   |                            | (15,770,647 | )      |                           |   | (15,232,302 | ) |   |   | (46,336,975 | ) |   |   | (45,652,438 | ) |
|                                                      |   |                            |        |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss                                             |   | $                               | (52,202,593 | )      |                           | $      | (7,067,253 | ) |   | $ | (67,755,355 | ) |   | $ | (15,662,698 | ) |
|                                                      |   |                            |        |   |                           |   |   |   |   |   |   |   |   |   |   |   |

|   | The      accompanying notes are an integral part of these condensed consolidated      financial statements. |
|--------|-------------------------------------------------------------------------------------------------------------|

----

|                                                                   |   | For      The Nine Months Ended |        |
|------------------------------------------------------------------------|--------|--------------------------------|-------------|
|                                                                   |   | September      30,             |        |
|                                                                   |   | 2008                           |        |   | 2007 |   |
| CASH      FLOWS FROM OPERATING ACTIVITIES:                             |   |                           |        |   |   |   |
| Net      loss                                                          |   | $                              | (67,755,355 | ) |   | $ | (15,662,698 | ) |
| Adjustments      to reconcile net loss to net cash                     |   |                           |        |   |   |   |   |   |
| provided      by operating activities:                                 |   |                           |        |   |   |   |   |   |
| Estimated      impairment of goodwill                                  |   |                           | 41,509,044  |   |   |   | - |   |
| Depreciation                                                           |   |                           | 22,903,887  |   |   |   | 21,761,122 |   |
| Amortization                                                           |   |                           | 2,594,376   |   |   |   | 2,594,375 |   |
| Amortization      of deferred financing costs                          |   |                           | 2,508,976   |   |   |   | 2,508,977 |   |
| Amortization      of bond discount on 12 1⁄2% senior discount notes |   |                           |        |   |   |   |   |   |
| pushed      down from Majestic Holdco                                  |   |                           | 5,478,515   |   |   |   | 4,843,727 |   |
| Amortization      of deferred financing costs on 12 1⁄2% senior     |   |                           |        |   |   |   |   |   |
| discount      notes pushed down from Majestic Holdco                   |   |                           | 381,228     |   |   |   | 381,228 |   |
| Loss      on disposal of assets                                        |   |                           | 70,289      |   |   |   | 805,638 |   |
| Changes      in operating assets and liabilities:                      |   |                           |        |   |   |   |   |   |
| Accounts      receivable, net                                          |   |                           | 2,096,077   |   |   |   | 3,246,004 |   |
| Receivable      from affiliates                                        |   |                           | 48,554      |   |   |   | (578,019 | ) |
| Inventories                                                            |   |                           | 71,296      |   |   |   | (145,344 | ) |
| Prepaid      expenses and deposits                                     |   |                           | (2,086,077  | ) |   |   | (1,371,212 | ) |
| Other      assets                                                      |   |                           | (1,240,835  | ) |   |   | 135,034 |   |
| Accounts      payable                                                  |   |                           | 572,875     |   |   |   | 459,333 |   |
| Accrued      payroll and other expenses                                |   |                           | 711,984     |   |   |   | 1,551,033 |   |
| Accrued      interest                                                  |   |                           | 11,611,556  |   |   |   | 12,012,358 |   |
| Other      accrued liabilities                                         |   |                           | (2,530,733  | ) |   |   | 3,972,925 |   |
| Net      cash provided by operating activities                         |   |                           | 16,945,657  |   |   |   | 36,514,481 |   |
|                                                                   |   |                           |        |   |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES:                             |   |                           |        |   |   |   |   |   |
| Decrease      (increase) in restricted cash                            |   |                           | 248,815     |   |   |   | (301,360 | ) |
| Additions      to property and equipment                               |   |                           | (17,616,646 | ) |   |   | (23,626,411 | ) |
| Decrease      (increase) in Lakefront Capital Improvement Fund         |   |                           | 2,611,914   |   |   |   | (619,795 | ) |
| Proceeds      from disposal of equipment                               |   |                           | 67,671      |   |   |   | 168,899 |   |
| Net      cash used in investing activities                             |   |                           | (14,688,246 | ) |   |   | (24,378,667 | ) |

|   | The      accompanying notes are an integral part of these condensed consolidated      financial statements. |
|--------|-------------------------------------------------------------------------------------------------------------|

----

|   | THE      MAJESTIC STAR CASINO, LLC ANDSUBSIDIARIES |
|--------|----------------------------------------------------|

|                                                                         |   | For      The Nine Months Ended |        |
|------------------------------------------------------------------------------|--------|--------------------------------|-------------|
|                                                                         |   | September      30,             |        |
|                                                                         |   | 2008                           |        |   | 2007 |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES:                                   |   |                           |        |   |   |   |
| Proceeds      from line of credit                                            |   |                           | 36,156,854  |   |   |   | 28,665,026 |   |
| Repayment      of line of credit                                             |   |                           | (22,150,000 | ) |   |   | (32,950,000 | ) |
| Repayment      of debt                                                       |   |                           | (410,082    | ) |   |   | (137,862 | ) |
| Tax      distributions to Barden Development, Inc.                           |   |                           | (1,400,000  | ) |   |   | (2,150,245 | ) |
| Net      cash provided by (used in) financing activities                     |   |                           | 12,196,772  |   |   |   | (6,573,081 | ) |
|                                                                         |   |                           |        |   |   |   |   |   |
| Net      increase in cash and cash equivalents                               |   |                           | 14,454,183  |   |   |   | 5,562,733 |   |
|                                                                         |   |                           |        |   |   |   |   |   |
| Cash      and cash equivalents, beginning of period                          |   |                           | 29,216,263  |   |   |   | 25,531,924 |   |
|                                                                         |   |                           |        |   |   |   |   |   |
| Cash      and cash equivalents, end of period                                |   | $                              | 43,670,446  |   |   | $ | 31,094,657 |   |
|                                                                         |   |                           |        |   |   |   |   |   |
|                                                                         |   |                           |        |   |   |   |   |   |
|                                                                         |   |                           |        |   |   |   |   |   |
|                                                                         |   | For      The Nine Months Ended |        |
|                                                                         |   | September      30,             |        |
|                                                                         |   | 2008                           |        |   | 2007 |   |
| Supplemental      disclosure of cash flow information and non-cash investing |   |                           |        |   |   |   |   |   |
| and      financing activities:                                               |   |                           |        |   |   |   |   |   |
|                                                                         |   |                           |        |   |   |   |   |   |
| INTEREST      PAID, NET OF CAPITALIZED INTEREST:                             |   | $                              | 26,578,971  |   |   | $ | 26,475,868 |   |
|                                                                         |   |                           |        |   |   |   |   |   |
|                                                                         |   |                           |        |   |   |   |   |   |
| NON-CASH      INVESTING ACTIVITIES:                                          |   |                           |        |   |   |   |   |   |
| Capital      assets acquired from incurring accounts payable                 |   |                           |        |   |   |   |   |   |
|  and      accrued liabilities, net                                      |   | $                              | 385,810     |   |   | $ | 4,078,232 |   |
| Capital      assets transferred to prepaid rent                              |   | $                              | 577,450     |   |   | $ | - |   |
| Capital      assets acquired from incurring debt                             |   | $                              | 974,284     |   |   | $ | 151,240 |   |

|   | The      accompanying notes are an integral part of these condensed consolidated      financial statements. |
|--------|-------------------------------------------------------------------------------------------------------------|

----

NOTE1.                      ORGANIZATION

| ·   | A      dockside casino and land based pavilion located on Lake Michigan in Gary,      Indiana (“Majestic Star”); |
|--------------------|------------------------------------------------------------------------------------------------------------------------------|

| ·   | A      dockside casino and hotel located on Lake Michigan in Gary, Indiana      (“Majestic Star II” and with Majestic Star, the “Majestic      Properties”); |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | A      casino-hotel located in Tunica County, Mississippi (“Barden Mississippi”      or “Fitzgeralds Tunica”); and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | A      casino located in Black Hawk, Colorado (“Fitzgeralds Black      Hawk”). |
|--------------------|--------------------------------------------------------------------------------------------|

| ·   | The      Majestic Star Casino Capital Corp. (“MSCC”) is a co-obligor with the      Company for the $300.0 million 9 1⁄2% Senior Secured Notes due 2010      (the “Senior Secured Notes”). MSCC has no assets or operations;      and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Majestic      Star Casino Capital Corp. II (“MSCC II”) is a co-obligor with      the Company for the $200.0 million 9 3⁄4% Senior Notes due 2011 (the      “Senior Notes”). MSCC II has no assets or operations. See Note 6 –      Long-Term Debt. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                   |   |                                              |      |   |                                             |   |      |   |   |   |       |   |
|------------------------|--------|---------------------------------------------------|-----------|--------|--------------------------------------------------|--------|-----------|--------|--------|--------|------------|--------|
|                   |   | For      The Three Months EndedSeptember      30, |      |   | For      The Nine Months EndedSeptember      30, |   |
|                   |   | 2008                                              |      |   | 2007                                             |   |      | 2008   |   |   | 2007       |   |
|                   |   |                                              |      |   |                                             |   |      |   |   |   |       |   |
| Rooms                  |   | $                                                 | 1,028,503 |   |                                             | $      | 1,060,866 |   |   | $      | 3,306,915  |   |   | $ | 3,000,368 |   |
| Food      and Beverage |   |                                              | 4,466,265 |   |                                             |   | 4,752,908 |   |   |   | 13,542,928 |   |   |   | 13,621,965 |   |
| Other                  |   |                                              | 236,123   |   |                                             |   | 419,338   |   |   |   | 695,973    |   |   |   | 727,002 |   |
| Total                  |   | $                                                 | 5,730,891 |   |                                             | $      | 6,233,112 |   |   | $      | 17,545,816 |   |   | $ | 17,349,335 |   |
|                   |   |                                              |      |   |                                             |   |      |   |   |   |       |   |   |   |   |   |

----

|                                                |   |                                                    |       |   |                                             |   |       |   |   |   |       |   |
|-----------------------------------------------------|--------|---------------------------------------------------------|------------|--------|--------------------------------------------------|--------|------------|--------|--------|--------|------------|--------|
|                                                |   | For      The Three Months Ended September      30, |       |   | For      The Nine Months EndedSeptember      30, |   |
|                                                |   | 2008                                                    |       |   | 2007                                             |   |       | 2008   |   |   | 2007       |   |
|                                                |   |                                                    |       |   |                                             |   |       |   |   |   |       |   |
| Cash      based promotional activities              |   | $                                                       | 2,227,326  |   |                                             | $      | 2,216,393  |   |   | $      | 6,212,745  |   |   | $ | 12,892,792 |   |
| Slot      club and other                            |   |                                                    | 1,876,978  |   |                                             |   | 2,002,178  |   |   |   | 5,663,288  |   |   |   | 5,860,219 |   |
| Retail      cost of rooms, food, beverage and other |   |                                                    | 7,477,913  |   |                                             |   | 8,416,831  |   |   |   | 22,884,154 |   |   |   | 23,160,808 |   |
| Total                                               |   | $                                                       | 11,582,217 |   |                                             | $      | 12,635,402 |   |   | $      | 34,760,187 |   |   | $ | 41,913,819 |   |
|                                                |   |                                                    |       |   |                                             |   |       |   |   |   |       |   |   |   |   |   |

----

| ·   | In      October 2008, FASB issued FASB Staff Position No. 157-3, “Determining the      Fair Value of a Financial Asset When the Market for That Asset is Not      Active”, which clarifies the application of FASB Statement No.157, “Fair      Value Measurements” (“FASB 157”), in cases where a market is not active.      The Company has not yet determined the impact on its condensed      consolidated financial statements upon  adoption. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | In      April 2008, FASB issued FASB Staff Position No. 142-3, “Determination of      the Useful Life of Intangible Assets”, (“FASB 142-3”), which amends the      factors that should be considered in developing renewal or extension      assumptions used to determine the useful life of a recognized intangible      asset under FASB 142. FASB 142-3 is effective for fiscal years beginning      after December 15, 2008 and only applies prospectively to intangible      assets acquired after the effective date. Early adoption is not permitted.      The Company anticipates that adoption will have no material      impact on its condensed consolidated financial      statements. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | In      March 2008, FASB issued FASB Statement No. 161, “Disclosures about      Derivative Instruments and Hedging Activities” (“FASB 161”), to improve      financial reporting about derivative instruments and hedging activities by      requiring enhanced disclosures to enable investors to better understand      their effects on an entity’s financial position, financial performance,      and cash flows. FASB 161 is effective for financial statements for fiscal      years beginning after November 15, 2008. The Company anticipates that      adoption will have no impact on its condensed consolidated financial      statements as it has no derivative instruments or hedging      activities. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | During      the three months ended March 31, 2008, the Company adopted FASB Statement      No.159, “The Fair      Value Option for Financial Assets and Financial Liabilities” (“FASB 159”)      and has not made any fair value elections with respect to any eligible      assets or liabilities as permitted under the provisions of FASB 159      to date. The Company also adopted FASB Statement      No.157, “Fair Value      Measurements” (“FASB 157”) during the three months ended March 31,      2008, for financial and non-financial assets and liabilities measured on a      recurring basis. There was no impact to the condensed consolidated      financial statements upon adoption. FASB 157 defines fair value,      establishes a framework for measuring fair value and expands disclosure      about fair value measurements. FASB 157 does not require any new fair      value measurements, but rather applies to other accounting pronouncements      that require or permit fair value  measurements. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | In      February 2008, FASB issued FASB Staff Position No. 157-2, which defers the      effective date of FASB 157 to fiscal years beginning after November 15,      2008 for non-financial assets and non-financial liabilities that are      recognized or disclosed at fair value in an entity’s financial statements      on a recurring basis. The Company      anticipates that adoption will have no material impact on its condensed      consolidated financialstatements. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                         |   |               |     |   |              |   |
|----------------------------------------------|--------|--------------------|----------|--------|-------------------|--------|
|                                         |   | September      30, |     |   | December      31, |   |
|                                         |   | 2008               |     |   | 2007              |   |
|                                         |   |               |     |   |              |   |
| 9      1⁄2% senior secured notes due 2010 |   | $                  | 300,000  |   |              | $      | 300,000 |   |
| 9      3⁄4% senior notes due 2011         |   |               | 200,000  |   |              |   | 200,000 |   |
| Senior      secured credit facility          |   |               | 70,432   |   |              |   | 56,425 |   |
| Capitalized      leases and other debt       |   |               | 877      |   |              |   | 313 |   |
| Long-term      debt                          |   |               | 571,309  |   |              |   | 556,738 |   |
| Less      current maturities                 |   |               | (571,309 | )      |              |   | (203 | ) |
| Total      long-term debt                    |   | $                  | -        |   |              | $      | 556,535 |   |

----

----

----

----

----

----

----

----

|                                                                                                                                                                 |   | For      The Three Months Ended |    |   | For      The Nine Months Ended |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|---------|--------|--------------------------------|--------|
|                                                                                                                                                                 |   | September      30,              |    |   | September      30,             |   |
|                                                                                                                                                                 |   | 2008                            |    |   | 2007                           |   |   | 2008 |   |   | 2007 |   |
|                                                                                                                                                                 |   |                            |    |   |                           |   |   |   |   |   |   |   |
| Net      revenues:                                                                                                                                                   |   |                            |    |   |                           |   |   |   |   |   |   |   |
| Majestic      Properties                                                                                                                                             |   | $                               | 54,200  |   |                           | $      | 58,781 |   |   | $ | 172,287 |   |   | $ | 184,542 |   |
| Fitzgeralds      Tunica                                                                                                                                              |   |                            | 19,457  |   |                           |   | 22,718 |   |   |   | 62,380 |   |   |   | 65,645 |   |
| Fitzgeralds      Black Hawk                                                                                                                                          |   |                            | 9,015   |   |                           |   | 8,083 |   |   |   | 22,347 |   |   |   | 23,667 |   |
| Total                                                                                                                                                                |   | $                               | 82,672  |   |                           | $      | 89,582 |   |   | $ | 257,014 |   |   | $ | 273,854 |   |
|                                                                                                                                                                 |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Operating      (loss) income :                                                                                                                                       |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Majestic      Properties (1)                                                                                                                                         |   | $                               | (35,587 | )      |                           | $      | 6,667 |   |   | $ | (21,359 | ) |   | $ | 26,033 |   |
| Fitzgeralds      Tunica                                                                                                                                              |   |                            | (94     | )      |                           |   | 1,427 |   |   |   | 2,818 |   |   |   | 4,303 |   |
| Fitzgeralds      Black Hawk                                                                                                                                          |   |                            | 760     |   |                           |   | 1,824 |   |   |   | 1,781 |   |   |   | 4,939 |   |
| Corporate      (2)                                                                                                                                                   |   |                            | (1,511  | )      |                           |   | (1,753 | ) |   |   | (4,658 | ) |   |   | (5,285 | ) |
| Total                                                                                                                                                                |   | $                               | (36,432 | )      |                           | $      | 8,165 |   |   | $ | (21,418 | ) |   | $ | 29,990 |   |
|                                                                                                                                                                 |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Segment      depreciation and amortization:                                                                                                                          |   |                            |    |   |                           |   |   |   |   |   |   |   |   |
| Majestic      Properties                                                                                                                                             |   | $                               | 4,715   |   |                           | $      | 4,676 |   |   | $ | 14,253 |   |   | $ | 14,209 |   |
| Fitzgeralds      Tunica                                                                                                                                              |   |                            | 2,802   |   |                           |   | 2,800 |   |   |   | 8,518 |   |   |   | 8,158 |   |
| Fitzgeralds      Black Hawk                                                                                                                                          |   |                            | 1,261   |   |                           |   | 636 |   |   |   | 2,559 |   |   |   | 1,885 |   |
| Corporate                                                                                                                                                            |   |                            | 54      |   |                           |   | 42 |   |   |   | 168 |   |   |   | 103 |   |
| Total                                                                                                                                                                |   | $                               | 8,832   |   |                           | $      | 8,154 |   |   | $ | 25,498 |   |   | $ | 24,355 |   |
|                                                                                                                                                                 |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Expenditure      for additions to long-lived assets:                                                                                                                 |   |                            |    |   |                           |   |   |   |   |   |   |   |   |
| Majestic      Properties                                                                                                                                             |   | $                               | 94      |   |                           | $      | 1,251 |   |   | $ | 801 |   |   | $ | 5,779 |   |
| Fitzgeralds      Tunica                                                                                                                                              |   |                            | 270     |   |                           |   | 1,088 |   |   |   | 1,162 |   |   |   | 6,699 |   |
| Fitzgeralds      Black Hawk                                                                                                                                          |   |                            | 3,492   |   |                           |   | 6,062 |   |   |   | 15,607 |   |   |   | 10,728 |   |
| Corporate                                                                                                                                                            |   |                            | 26      |   |                           |   | 372 |   |   |   | 47 |   |   |   | 420 |   |
| Total                                                                                                                                                                |   | $                               | 3,882   |   |                           | $      | 8,773 |   |   | $ | 17,617 |   |   | $ | 23,626 |   |
|                                                                                                                                                                 |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                 |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| (1)      Operating loss for the three and nine months ended September 2008 includes      an estimated $41.5 million charge for impairment of    goodwill.            |   |
|                                                                                                                                                                 |   |                            |    |   |                           |   |   |   |   |   |   |   |   |
| (2)      Corporate expenses reflect payroll, benefits, travel and other costs      associated with our corporate staff and are not allocated to the      properties. |   |

----

----

| NOTE      10. | SUPPLEMENTAL      GUARANTOR FINANCIAL INFORMATION(CONTINUED) |
|---------------|--------------------------------------------------------------|

|                                                 |                                                                                                                                                                                                                                                               |   | The      Majestic |        |   | The      Majestic  |         |        |         |   |        |        |   |   |         |         |      |
|------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-------------|--------|--------------------|--------------|-------------|--------------|--------|-------------|-------------|--------|--------|--------------|--------------|-----------|
|                                                 |                                                                                                                                                                                                                                                               |   | Star      Casino, |        |   | Star      Casino   |         |        | Guarantor    |   |        | Eliminating |   |   |         | Total        |      |
|                                                 |                                                                                                                                                                                                                                                               |   | LLC               |        |   | Capital      Corp. |         |        | Subsidiaries |   |        | Entries     |   |   |         | Consolidated |      |
| ASSETS                                               |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |
| Current      assets:                                 |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |
| Cash      and cash equivalents                       |                                                                                                                                                                                                                                                               | $      | 27,344,233        |        |   | $                  | -            |        |         | $      | 16,326,213  |        |   | $      | -            |         |      |   | $ | 43,670,446 |   |
| Restricted      cash                                 |                                                                                                                                                                                                                                                               |   | 3,152,544         |        |   |               | -            |        |         |   | -           |        |   |   | -            |         |      |   |   | 3,152,544 |   |
| Accounts      receivable, net                        |                                                                                                                                                                                                                                                               |   | 925,197           |        |   |               | -            |        |         |   | 2,758,564   |        |   |   | -            |         |      |   |   | 3,683,761 |   |
| Inventories                                          |                                                                                                                                                                                                                                                               |   | 327,574           |        |   |               | -            |        |         |   | 689,638     |        |   |   | -            |         |      |   |   | 1,017,212 |   |
| Prepaid      expenses and deposits                   |                                                                                                                                                                                                                                                               |   | 2,592,676         |        |   |               | -            |        |         |   | 2,084,744   |        |   |   | -            |         |      |   |   | 4,677,420 |   |
| Receivable      from affiliate                       |                                                                                                                                                                                                                                                               |   | 5,418,630         |        |   |               | -            |        |         |   | 1,565       |        |   |   | (5,066,148   | )            |  (a) |   |   | 354,047 |   |
| Investment      in subsidiaries                      |                                                                                                                                                                                                                                                               |   | 132,744,676       |        |   |               | -            |        |         |   | -           |        |   |   | (132,744,676 | )            |  (b) |   |   | - |   |
|                                                 | Total      current assets                                                                                                                                                                                                                                          |   |              | 172,505,530 |   |               |         | -           |         |   |        | 21,860,724  |   |   |         | (137,810,824 | )         |   |   |   | 56,555,430 |   |
|                                                 |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |      |   |   |   |   |   |
| Property,      equipment and improvements, net  |                                                                                                                                                                                                                                                               |   | 132,711,463       |        |   |               | -            |        |         |   | 138,469,252 |        |   |   | -            |         |      |   |   | 271,180,715 |   |
| Intangible      assets, net                          |                                                                                                                                                                                                                                                               |   | -                 |        |   |               | -            |        |         |   | 119,341,960 |        |   |   | -            |         |      |   |   | 119,341,960 |   |
| Goodwill                                             |                                                                                                                                                                                                                                                               |   | -                 |        |   |               | -            |        |         |   | 5,922,398   |        |   |   | -            |         |      |   |   | 5,922,398 |   |
| Other      assets:                                   |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |      |   |   |   |   |
| Deferred      financing costs, net                   |                                                                                                                                                                                                                                                               |   | 7,228,819         |        |   |               | -            |        |         |   | -           |        |   |   | -            |         |      |   |   | 7,228,819 |   |
| Deferred      financing costs, pushed down           |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |      |   |   |   |   |
|                                                 | from      Majestic Holdco, net (c)                                                                                                                                                                                                                                 |   |              | 1,546,090   |   |               |         | -           |         |   |        | -           |   |   |         | -            |      |   |   |   | 1,546,090 |   |
| Long-term      receivable from affiliates            |                                                                                                                                                                                                                                                               |   | 140,476,891       |        |   |               | -            |        |         |   | 16,270,860  |        |   |   | (156,747,751 | )            |  (a) |   |   | - |   |
| Other      assets                                    |                                                                                                                                                                                                                                                               |   | 331,920           |        |   |               | -            |        |         |   | 1,208,141   |        |   |   | -            |         |      |   |   | 1,540,061 |   |
|                                                 | Total      other assets                                                                                                                                                                                                                                            |   |              | 149,583,720 |   |               |         | -           |         |   |        | 17,479,001  |   |   |         | (156,747,751 | )         |   |   |   | 10,314,970 |   |
| Total      assets                                    |                                                                                                                                                                                                                                                               | $      | 454,800,713       |        |   | $                  | -            |        |         | $      | 303,073,335 |        |   | $      | (294,558,575 | )            |      |   | $ | 463,315,473 |   |
|                                                 |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |      |   |   |   |   |   |
| LIABILITIES      AND MEMBER'S (DEFICIT) EQUITY       |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |      |   |
| Current      liabilities:                            |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |      |   |   |   |   |
| Accounts      payable                                |                                                                                                                                                                                                                                                               | $      | 771,937           |        |   | $                  | -            |        |         | $      | 1,619,138   |        |   | $      | -            |         |      |   | $ | 2,391,075 |   |
| Current      portion of long-term debt               |                                                                                                                                                                                                                                                               |   | 570,561,269       |        |   |               | 300,000,000  |        |         |   | 748,008     |        |   |   | (300,000,000 | )            |  (d) |   |   | 571,309,277 |   |
| Current      portion of long-term debt of            |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |      |   |   |   |   |
|                                                 | Majestic      Holdco, net of discount (e)                                                                                                                                                                                                                          |   |              | 63,188,744  |   |               |         |        |         |   |        |        |   |   |         |         |      |   |   |   | 63,188,744 |   |
| Accrued      liabilities:                            |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |      |   |   |   |   |
|                                                 | Payroll      and related                                                                                                                                                                                                                                           |   |              | 3,881,391   |   |               |         | -           |         |   |        | 6,037,318   |   |   |         | -            |      |   |   |   | 9,918,709 |   |
|                                                 | Interest                                                                                                                                                                                                                                                           |   |              | 22,589,424  |   |               |         | -           |         |   |        | 2,207       |   |   |         | -            |      |   |   |   | 22,591,631 |   |
|                                                 | Property      and franchise taxes                                                                                                                                                                                                                                  |   |              | 10,335,426  |   |               |         | -           |         |   |        | 7,320,328   |   |   |         | -            |      |   |   |   | 17,655,754 |   |
|                                                 | Payable      to affiliates                                                                                                                                                                                                                                         |   |              | -           |   |               |         | -           |         |   |        | 5,066,148   |   |   |         | (5,066,148   | )         |  (a) |   |   | - |   |
|                                                 | Other      accrued liabilities                                                                                                                                                                                                                                     |   |              | 4,149,217   |   |               |         | -           |         |   |        | 9,058,621   |   |   |         | -            |      |   |   |   | 13,207,838 |   |
| Total      current liabilities                       |                                                                                                                                                                                                                                                               |   | 675,477,408       |        |   |               | 300,000,000  |        |         |   | 29,851,768  |        |   |   | (305,066,148 | )            |      |   |   | 700,263,028 |   |
|                                                 |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |      |   |   |   |   |   |
| Due      to affiliates                               |                                                                                                                                                                                                                                                               |   | 16,270,860        |        |   |               | -            |        |         |   | 140,476,891 |        |   |   | (156,747,751 | )            |  (a) |   |   | - |   |
|                                                 | Total      liabilities                                                                                                                                                                                                                                             |   |              | 691,748,268 |   |               |         | 300,000,000 |         |   |        | 170,328,659 |   |   |         | (461,813,899 | )         |   |   |   | 700,263,028 |   |
| Member's      (deficit) equity                       |                                                                                                                                                                                                                                                               |   | (236,947,555      | )           |   |               | (300,000,000 | )           |         |   | 132,744,676 |        |   |   | 167,255,324  |         | (b)(d)    |   |   | (236,947,555 | ) |
| Total      liabilities and member's (deficit) equity |                                                                                                                                                                                                                                                               | $      | 454,800,713       |        |   | $                  | -            |        |         | $      | 303,073,335 |        |   | $      | (294,558,575 | )            |      |   | $ | 463,315,473 |   |
|                                                 |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |      |   |   |   |   |   |
| (a)                                                  | To      eliminate intercompany receivable and payables.                                                                                                                                                                                                            |   |
| (b)                                                  | To      eliminate intercompany accounts and investment in      subsidiaries.                                                                                                                                                                                       |   |
| (c)                                                  | Reflects      the pushdown of deferred financing costs related to the issuance of the      Discount Notes of Majestic Holdco, net of amortization, pursuant to SEC      Staff Accounting Bulletin 73 Topic 5(J).                                                   |   |
| (d)                                                  | The      Majestic Star Casino Capital Corp. is a co-obligor of the Senior Secured      Notes issued by the Company. Accordingly, such indebtedness has been      presented as an obligation of both the issuer and the co-obligor in the      above balance sheet. |   |
| (e)                                                  | Reflects      the pushdown of Majestic Holdco’s Discount Notes pursuant to SEC Staff      Accounting Bulletin 73 Topic 5(J).                                                                                                                                 |   |
|                                                 |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |      |   |   |   |   |   |

----

|                                                 |                                                                                                                                                                                                                                                               |   | The      Majestic |        |   | The      Majestic  |         |        |         |   |        |        |   |   |         |         |         |
|------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-------------|--------|--------------------|--------------|-------------|--------------|--------|-------------|-------------|--------|--------|--------------|--------------|--------------|
|                                                 |                                                                                                                                                                                                                                                               |   | Star      Casino, |        |   | Star      Casino   |         |        | Guarantor    |   |        | Eliminating |   |   |         | Total        |         |
|                                                 |                                                                                                                                                                                                                                                               |   | LLC               |        |   | Capital      Corp. |         |        | Subsidiaries |   |        | Entries     |   |   |         | Consolidated |         |
| ASSETS                                               |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |
| Current      assets:                                 |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |
| Cash      and cash equivalents                       |                                                                                                                                                                                                                                                               | $      | 8,055,172         |        |   | $                  | -            |        |         | $      | 21,161,091  |        |   | $      | -            |         |         |   | $ | 29,216,263 |   |
| Restricted      cash                                 |                                                                                                                                                                                                                                                               |   | 3,401,359         |        |   |               | -            |        |         |   | -           |        |   |   | -            |         |         |   |   | 3,401,359 |   |
| Accounts      receivable, net                        |                                                                                                                                                                                                                                                               |   | 2,579,315         |        |   |               | -            |        |         |   | 3,200,523   |        |   |   | -            |         |         |   |   | 5,779,838 |   |
| Inventories                                          |                                                                                                                                                                                                                                                               |   | 421,082           |        |   |               | -            |        |         |   | 667,426     |        |   |   | -            |         |         |   |   | 1,088,508 |   |
| Prepaid      expenses and deposits                   |                                                                                                                                                                                                                                                               |   | 1,026,745         |        |   |               | -            |        |         |   | 987,146     |        |   |   | -            |         |         |   |   | 2,013,891 |   |
| Receivable      from affiliate                       |                                                                                                                                                                                                                                                               |   | 4,694,778         |        |   |               | -            |        |         |   | 1,399       |        |   |   | (4,079,288   | )            |  (a)    |   |   | 616,889 |   |
| Investment      in subsidiaries                      |                                                                                                                                                                                                                                                               |   | 153,212,030       |        |   |               | -            |        |         |   | -           |        |   |   | (153,212,030 | )            |  (b)    |   |   | - |   |
|                                                 | Total      current assets                                                                                                                                                                                                                                          |   |              | 173,390,481 |   |               |         | -           |         |   |        | 26,017,585  |   |   |         | (157,291,318 | )            |   |   |   | 42,116,748 |   |
|                                                 |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |         |   |   |   |   |   |
| Property,      equipment and improvements, net  |                                                                                                                                                                                                                                                               |   | 141,886,772       |        |   |               | -            |        |         |   | 137,742,394 |        |   |   | -            |         |         |   |   | 279,629,166 |   |
| Intangible      assets, net                          |                                                                                                                                                                                                                                                               |   | -                 |        |   |               | -            |        |         |   | 121,936,336 |        |   |   | -            |         |         |   |   | 121,936,336 |   |
| Goodwill                                             |                                                                                                                                                                                                                                                               |   | -                 |        |   |               | -            |        |         |   | 47,431,442  |        |   |   | -            |         |         |   |   | 47,431,442 |   |
| Other      assets:                                   |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |         |   |   |   |   |
| Deferred      financing costs, net                   |                                                                                                                                                                                                                                                               |   | 9,737,796         |        |   |               | -            |        |         |   | -           |        |   |   | -            |         |         |   |   | 9,737,796 |   |
| Deferred      financing costs, pushed down           |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |         |   |   |   |   |
|                                                 | from      Majestic Holdco, net (c)                                                                                                                                                                                                                                 |   |              | 1,927,317   |   |               |         | -           |         |   |        | -           |   |   |         | -            |         |   |   |   | 1,927,317 |   |
| Long-term      receivable from affiliates            |                                                                                                                                                                                                                                                               |   | 171,709,437       |        |   |               | -            |        |         |   | 21,914,051  |        |   |   | (193,623,488 | )            |  (a)    |   |   | - |   |
| Other      assets                                    |                                                                                                                                                                                                                                                               |   | 1,271,483         |        |   |               | -            |        |         |   | 1,639,657   |        |   |   | -            |         |         |   |   | 2,911,140 |   |
|                                                 | Total      other assets                                                                                                                                                                                                                                            |   |              | 184,646,033 |   |               |         | -           |         |   |        | 23,553,708  |   |   |         | (193,623,488 | )            |   |   |   | 14,576,253 |   |
| Total      assets                                    |                                                                                                                                                                                                                                                               | $      | 499,923,286       |        |   | $                  | -            |        |         | $      | 356,681,465 |        |   | $      | (350,914,806 | )            |         |   | $ | 505,689,945 |   |
|                                                 |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |         |   |   |   |   |   |
| LIABILITIES      AND MEMBER'S (DEFICIT) EQUITY       |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |         |   |
| Current      liabilities:                            |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |         |   |   |   |   |
| Accounts      payable                                |                                                                                                                                                                                                                                                               | $      | 1,255,451         |        |   | $                  | -            |        |         | $      | 3,004,024   |        |   | $      | -            |         |         |   | $ | 4,259,475 |   |
| Current      portion of long-term debt               |                                                                                                                                                                                                                                                               |   | 156,340           |        |   |               | -            |        |         |   | 46,440      |        |   |   | -            |         |         |   |   | 202,780 |   |
| Accrued      liabilities:                            |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |         |   |   |   |   |
|                                                 | Payroll      and related                                                                                                                                                                                                                                           |   |              | 3,558,272   |   |               |         | -           |         |   |        | 5,648,453   |   |   |         | -            |         |   |   |   | 9,206,725 |   |
|                                                 | Interest                                                                                                                                                                                                                                                           |   |              | 10,980,075  |   |               |         | -           |         |   |        | -           |   |   |         | -            |         |   |   |   | 10,980,075 |   |
|                                                 | Property      and franchise taxes                                                                                                                                                                                                                                  |   |              | 10,875,649  |   |               |         | -           |         |   |        | 7,022,274   |   |   |         | -            |         |   |   |   | 17,897,923 |   |
|                                                 | Payable      to affiliates                                                                                                                                                                                                                                         |   |              | 311,321     |   |               |         | -           |         |   |        | 3,982,255   |   |   |         | (4,079,288   | )            |  (a) |   |   | 214,288 |   |
|                                                 | Other      accrued liabilities                                                                                                                                                                                                                                     |   |              | 4,423,253   |   |               |         | -           |         |   |        | 12,051,956  |   |   |         | -            |         |   |   |   | 16,475,209 |   |
| Total      current liabilities                       |                                                                                                                                                                                                                                                               |   | 31,560,361        |        |   |               | -            |        |         |   | 31,755,402  |        |   |   | (4,079,288   | )            |         |   |   | 59,236,475 |   |
|                                                 |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |         |   |   |   |   |   |
| Due      to affiliates                               |                                                                                                                                                                                                                                                               |   | 21,914,051        |        |   |               | -            |        |         |   | 171,709,437 |        |   |   | (193,623,488 | )            |  (a)    |   |   | - |   |
| Long-term      debt, net of current maturities       |                                                                                                                                                                                                                                                               |   | 556,530,845       |        |   |               | 300,000,000  |        |         |   | 4,596       |        |   |   | (300,000,000 | )            |  (d)    |   |   | 556,535,441 |   |
| Long-term      debt pushed down from                 |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |         |   |   |   |   |
| Majestic      Holdco, net (e)                        |                                                                                                                                                                                                                                                               |   | 57,710,229        |        |   |               | -            |        |         |   | -           |        |   |   | -            |         |         |   |   | 57,710,229 |   |
|                                                 | Total      liabilities                                                                                                                                                                                                                                             |   |              | 667,715,486 |   |               |         | 300,000,000 |         |   |        | 203,469,435 |   |   |         | (497,702,776 | )            |   |   |   | 673,482,145 |   |
| Member's      (deficit) equity                       |                                                                                                                                                                                                                                                               |   | (167,792,200      | )           |   |               | (300,000,000 | )           |         |   | 153,212,030 |        |   |   | 146,787,970  |         |  (b)(d) |   |   | (167,792,200 | ) |
| Total      liabilities and member's (deficit) equity |                                                                                                                                                                                                                                                               | $      | 499,923,286       |        |   | $                  | -            |        |         | $      | 356,681,465 |        |   | $      | (350,914,806 | )            |         |   | $ | 505,689,945 |   |
|                                                 |                                                                                                                                                                                                                                                               |   |              |        |   |               |         |        |         |   |        |        |   |   |         |         |         |   |   |   |   |   |
| (a)                                                  | To      eliminate intercompany receivable and payables.                                                                                                                                                                                                            |   |
| (b)                                                  | To      eliminate intercompany accounts and investment in      subsidiaries.                                                                                                                                                                                       |   |
| (c)                                                  | Reflects      the pushdown of deferred financing costs related to the issuance of the      Discount Notes of Majestic Holdco, net of amortization, pursuant to SEC      Staff Accounting Bulletin 73 Topic 5(J).                                                   |   |
| (d)                                                  | The      Majestic Star Casino Capital Corp. is a co-obligor of the Senior Secured      Notes issued by the Company. Accordingly, such indebtedness has been      presented as an obligation of both the issuer and the co-obligor in the      above balance sheet. |   |
| (e)                                                  | Reflects      the pushdown of Majestic Holdco’s Discount Notes pursuant to SEC Staff      Accounting Bulletin 73 Topic 5(J).                                                                                                                                 |   |

----

|                                                      |                                                                                                                                                                                                                                   |   | The      Majestic |        |   | The      Majestic  |   |   |         |   |       |        |   |   |       |         |   |
|-----------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-------------|--------|--------------------|--------|--------|--------------|--------|------------|-------------|--------|--------|------------|--------------|--------|
|                                                      |                                                                                                                                                                                                                                   |   | Star      Casino, |        |   | Star      Casino   |   |   | Guarantor    |   |       | Eliminating |   |   |       | Total        |   |
|                                                      |                                                                                                                                                                                                                                   |   | LLC               |        |   | Capital      Corp. |   |   | Subsidiaries |   |       | Entries     |   |   |       | Consolidated |   |
| OPERATING      REVENUES:                                  |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |       |        |   |   |       |         |
| Casino                                                    |                                                                                                                                                                                                                                   | $      | 30,362,984        |        |   | $                  | -      |   |         | $      | 52,928,798 |        |   | $      | -          |         |   |   | $ | 83,291,782 |   |
| Rooms                                                     |                                                                                                                                                                                                                                   |   | -                 |        |   |               | -      |   |         |   | 3,080,706  |        |   |   | -          |         |   |   |   | 3,080,706 |   |
| Food      and beverage                                    |                                                                                                                                                                                                                                   |   | 1,831,715         |        |   |               | -      |   |         |   | 3,932,911  |        |   |   | -          |         |   |   |   | 5,764,626 |   |
| Other                                                     |                                                                                                                                                                                                                                   |   | 894,520           |        |   |               | -      |   |         |   | 1,222,157  |        |   |   | -          |         |   |   |   | 2,116,677 |   |
|                                                      | Gross      revenues                                                                                                                                                                                                                    |   |              | 33,089,219  |   |               |   | -      |         |   |       | 61,164,572  |   |   |       | -            |   |   |   |   | 94,253,791 |   |
| Less      promotional allowances                          |                                                                                                                                                                                                                                   |   | 3,246,003         |        |   |               | -      |   |         |   | 8,207,443  |        |   |   | 128,771    |         | (a)    |   |   | 11,582,217 |   |
|                                                      | Net      operating revenues                                                                                                                                                                                                            |   |              | 29,843,216  |   |               |   | -      |         |   |       | 52,957,129  |   |   |       | (128,771     | )      |   |   |   | 82,671,574 |   |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |   |
| OPERATING      COSTS AND EXPENSES:                        |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |
| Casino                                                    |                                                                                                                                                                                                                                   |   | 8,633,531         |        |   |               | -      |   |         |   | 15,959,970 |        |   |   | -          |         |   |   |   | 24,593,501 |   |
| Rooms                                                     |                                                                                                                                                                                                                                   |   | -                 |        |   |               | -      |   |         |   | 685,875    |        |   |   | -          |         |   |   |   | 685,875 |   |
| Food      and beverage                                    |                                                                                                                                                                                                                                   |   | 790,646           |        |   |               | -      |   |         |   | 1,349,324  |        |   |   | -          |         |   |   |   | 2,139,970 |   |
| Other                                                     |                                                                                                                                                                                                                                   |   | 154,767           |        |   |               | -      |   |         |   | 213,249    |        |   |   | -          |         |   |   |   | 368,016 |   |
| Gaming      taxes                                         |                                                                                                                                                                                                                                   |   | 8,939,938         |        |   |               | -      |   |         |   | 10,854,931 |        |   |   | -          |         |   |   |   | 19,794,869 |   |
| Advertising      and promotion                            |                                                                                                                                                                                                                                   |   | 1,738,563         |        |   |               | -      |   |         |   | 4,406,371  |        |   |   | (128,771   | )            | (a)    |   |   | 6,016,163 |   |
| General      and administrative                           |                                                                                                                                                                                                                                   |   | 5,442,440         |        |   |               | -      |   |         |   | 8,297,819  |        |   |   | -          |         |   |   |   | 13,740,259 |   |
| Corporate      expense                                    |                                                                                                                                                                                                                                   |   | 1,456,749         |        |   |               | -      |   |         |   | -          |        |   |   | -          |         |   |   |   | 1,456,749 |   |
| Economic      incentive tax - City of Gary, net of refund |                                                                                                                                                                                                                                   |   | 16,106            |        |   |               | -      |   |         |   | (48,558    | )           |   |   | -          |         |   |   |   | (32,452 | ) |
| Depreciation      and amortization                        |                                                                                                                                                                                                                                   |   | 3,077,292         |        |   |               | -      |   |         |   | 5,754,424  |        |   |   | -          |         |   |   |   | 8,831,716 |   |
| Estimated      impairment of goodwill                     |                                                                                                                                                                                                                                   |   | -                 |        |   |               |   |   |         |   | 41,509,044 |        |   |   | -          |         |   |   |   | 41,509,044 |   |
| Gain      on disposal of assets                           |                                                                                                                                                                                                                                   |   | -                 |        |   |               | -      |   |         |   | (190       | )           |   |   | -          |         |   |   |   | (190 | ) |
|                                                      | Total      operating costs and expenses                                                                                                                                                                                                |   |              | 30,250,032  |   |               |   | -      |         |   |       | 88,982,259  |   |   |       | (128,771     | )      |   |   |   | 119,103,520 |   |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |   |
|                                                      | Operating      loss                                                                                                                                                                                                                    |   |              | (406,816    | )      |               |   | -      |         |   |       | (36,025,130 | )      |   |       | -            |   |   |   |   | (36,431,946 | ) |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |   |
| OTHER      (EXPENSE) INCOME :                             |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |
| Interest      income                                      |                                                                                                                                                                                                                                   |   | 57,585            |        |   |               | -      |   |         |   | 17,908     |        |   |   | -          |         |   |   |   | 75,493 |   |
| Interest      expense                                     |                                                                                                                                                                                                                                   |   | (13,829,133       | )           |   |               | -      |   |         |   | (16,136    | )           |   |   | -          |         |   |   |   | (13,845,269 | ) |
| Interest      expense - debt pushed down                  |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |
|                                                      | from      Majestic Holdco (b)                                                                                                                                                                                                          |   |              | (1,994,611  | )      |               |   | -      |         |   |       | -           |   |   |       | -            |   |   |   |   | (1,994,611 | ) |
| Other      non-operating expense                          |                                                                                                                                                                                                                                   |   | (6,260            | )           |   |               | -      |   |         |   | -          |        |   |   | -          |         |   |   |   | (6,260 | ) |
| Equity      in net income of subsidiaries                 |                                                                                                                                                                                                                                   |   | (36,023,358       | )           |   |               | -      |   |         |   | -          |        |   |   | 36,023,358 |         | (c)    |   |   | - |   |
|                                                      | Total      other (expense) income                                                                                                                                                                                                      |   |              | (51,795,777 | )      |               |   | -      |         |   |       | 1,772       |   |   |       | 36,023,358   |   |   |   |   | (15,770,647 | ) |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |   |
|                                                      | Net      loss                                                                                                                                                                                                                          |   | $                 | (52,202,593 | )      |               | $      | -      |         |   | $          | (36,023,358 | )      |   | $          | 36,023,358   |   |   |   | $ | (52,202,593 | ) |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |   |
| (a)                                                       | To      eliminate intercompany transactions.                                                                                                                                                                                           |   |
| (b)                                                       | Includes      amortization of deferred financing costs and interest expense related to      the issuance of Majestic Holdco’s Discount Notes pushed down pursuant to      SEC Staff Accounting Bulletin 73 Topic 5(J). |   |
| (c)                                                       | To      eliminate equity of net income of subsidiaries.                                                                                                                                                                                |   |

----

|                                                      |                                                                                                                                                                                                                                   |   | The      Majestic |        |   | The      Majestic  |   |   |         |   |        |        |   |   |       |         |   |
|-----------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-------------|--------|--------------------|--------|--------|--------------|--------|-------------|-------------|--------|--------|------------|--------------|--------|
|                                                      |                                                                                                                                                                                                                                   |   | Star      Casino, |        |   | Star      Casino   |   |   | Guarantor    |   |        | Eliminating |   |   |       | Total        |   |
|                                                      |                                                                                                                                                                                                                                   |   | LLC               |        |   | Capital      Corp. |   |   | Subsidiaries |   |        | Entries     |   |   |       | Consolidated |   |
| OPERATING      REVENUES:                                  |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |       |         |
| Casino                                                    |                                                                                                                                                                                                                                   | $      | 93,940,334        |        |   | $                  | -      |   |         | $      | 164,554,232 |        |   | $      | -          |         |   |   | $ | 258,494,566 |   |
| Rooms                                                     |                                                                                                                                                                                                                                   |   | -                 |        |   |               | -      |   |         |   | 9,082,330   |        |   |   | -          |         |   |   |   | 9,082,330 |   |
| Food      and beverage                                    |                                                                                                                                                                                                                                   |   | 6,323,531         |        |   |               | -      |   |         |   | 11,736,564  |        |   |   | -          |         |   |   |   | 18,060,095 |   |
| Other                                                     |                                                                                                                                                                                                                                   |   | 2,707,229         |        |   |               | -      |   |         |   | 3,429,887   |        |   |   | -          |         |   |   |   | 6,137,116 |   |
|                                                      | Gross      revenues                                                                                                                                                                                                                    |   |              | 102,971,094 |   |               |   | -      |         |   |        | 188,803,013 |   |   |       | -            |   |   |   |   | 291,774,107 |   |
| Less      promotional allowances                          |                                                                                                                                                                                                                                   |   | 9,865,879         |        |   |               | -      |   |         |   | 24,410,513  |        |   |   | 483,795    |         | (a)    |   |   | 34,760,187 |   |
|                                                      | Net      operating revenues                                                                                                                                                                                                            |   |              | 93,105,215  |   |               |   | -      |         |   |        | 164,392,500 |   |   |       | (483,795     | )      |   |   |   | 257,013,920 |   |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |       |         |   |   |   |   |   |   |
| OPERATING      COSTS AND EXPENSES:                        |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |       |         |   |   |   |   |   |
| Casino                                                    |                                                                                                                                                                                                                                   |   | 25,460,135        |        |   |               | -      |   |         |   | 47,436,546  |        |   |   | -          |         |   |   |   | 72,896,681 |   |
| Rooms                                                     |                                                                                                                                                                                                                                   |   | -                 |        |   |               | -      |   |         |   | 1,865,609   |        |   |   | -          |         |   |   |   | 1,865,609 |   |
| Food      and beverage                                    |                                                                                                                                                                                                                                   |   | 2,463,547         |        |   |               | -      |   |         |   | 3,942,839   |        |   |   | -          |         |   |   |   | 6,406,386 |   |
| Other                                                     |                                                                                                                                                                                                                                   |   | 566,768           |        |   |               | -      |   |         |   | 600,111     |        |   |   | -          |         |   |   |   | 1,166,879 |   |
| Gaming      taxes                                         |                                                                                                                                                                                                                                   |   | 27,520,446        |        |   |               | -      |   |         |   | 33,942,302  |        |   |   | -          |         |   |   |   | 61,462,748 |   |
| Advertising      and promotion                            |                                                                                                                                                                                                                                   |   | 5,058,542         |        |   |               | -      |   |         |   | 12,528,710  |        |   |   | (483,795   | )            | (a)    |   |   | 17,103,457 |   |
| General      and administrative                           |                                                                                                                                                                                                                                   |   | 17,207,269        |        |   |               | -      |   |         |   | 25,268,888  |        |   |   | -          |         |   |   |   | 42,476,157 |   |
| Corporate      expense                                    |                                                                                                                                                                                                                                   |   | 4,490,488         |        |   |               | -      |   |         |   | -           |        |   |   | -          |         |   |   |   | 4,490,488 |   |
| Economic      incentive tax - City of Gary, net of refund |                                                                                                                                                                                                                                   |   | 1,903,726         |        |   |               | -      |   |         |   | 1,582,573   |        |   |   | -          |         |   |   |   | 3,486,299 |   |
| Depreciation      and amortization                        |                                                                                                                                                                                                                                   |   | 9,331,966         |        |   |               | -      |   |         |   | 16,166,297  |        |   |   | -          |         |   |   |   | 25,498,263 |   |
| Estimated      impairment of goodwill                     |                                                                                                                                                                                                                                   |   | -                 |        |   |               | -      |   |         |   | 41,509,044  |        |   |   | -          |         |   |   |   | 41,509,044 |   |
| (Gain)      loss on disposal of assets                    |                                                                                                                                                                                                                                   |   | (13,278           | )           |   |               | -      |   |         |   | 83,567      |        |   |   | -          |         |   |   |   | 70,289 |   |
|                                                      | Total      operating costs and expenses                                                                                                                                                                                                |   |              | 93,989,609  |   |               |   | -      |         |   |        | 184,926,486 |   |   |       | (483,795     | )      |   |   |   | 278,432,300 |   |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |       |         |   |   |   |   |   |   |
|                                                      | Operating      loss                                                                                                                                                                                                                    |   |              | (884,394    | )      |               |   | -      |         |   |        | (20,533,986 | )      |   |       | -            |   |   |   |   | (21,418,380 | ) |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |       |         |   |   |   |   |   |   |
| OTHER      (EXPENSE) INCOME :                             |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |       |         |   |   |   |   |   |
| Interest      income                                      |                                                                                                                                                                                                                                   |   | 162,698           |        |   |               | -      |   |         |   | 87,434      |        |   |   | -          |         |   |   |   | 250,132 |   |
| Interest      expense                                     |                                                                                                                                                                                                                                   |   | (40,678,704       | )           |   |               | -      |   |         |   | (20,802     | )           |   |   | -          |         |   |   |   | (40,699,506 | ) |
| Interest      expense - debt pushed down                  |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |       |         |   |   |   |   |   |
|                                                      | from      Majestic Holdco (b)                                                                                                                                                                                                          |   |              | (5,859,743  | )      |               |   | -      |         |   |        | -           |   |   |       | -            |   |   |   |   | (5,859,743 | ) |
| Other      non-operating expense                          |                                                                                                                                                                                                                                   |   | (27,858           | )           |   |               | -      |   |         |   | -           |        |   |   | -          |         |   |   |   | (27,858 | ) |
| Equity      in net income of subsidiaries                 |                                                                                                                                                                                                                                   |   | (20,467,354       | )           |   |               | -      |   |         |   | -           |        |   |   | 20,467,354 |         | (c)    |   |   | - |   |
|                                                      | Total      other (expense) income                                                                                                                                                                                                      |   |              | (66,870,961 | )      |               |   | -      |         |   |        | 66,632      |   |   |       | 20,467,354   |   |   |   |   | (46,336,975 | ) |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |       |         |   |   |   |   |   |   |
|                                                      | Net      loss                                                                                                                                                                                                                          |   | $                 | (67,755,355 | )      |               | $      | -      |         |   | $           | (20,467,354 | )      |   | $          | 20,467,354   |   |   |   | $ | (67,755,355 | ) |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |       |         |   |   |   |   |   |   |
| (a)                                                       | To      eliminate intercompany transactions.                                                                                                                                                                                           |   |
| (b)                                                       | Includes      amortization of deferred financing costs and interest expense related to      the issuance of Majestic Holdco’s Discount Notes pushed down pursuant to      SEC Staff Accounting Bulletin 73 Topic 5(J). |   |
| (c)                                                       | To      eliminate equity of net income of subsidiaries.                                                                                                                                                                                |   |

----

|                                                      |                                                                                                                                                                                                                                   |   | The      Majestic |       |   | The      Majestic  |   |   |         |   |       |        |   |   |       |         |   |
|-----------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|------------|--------|--------------------|--------|--------|--------------|--------|------------|-------------|--------|--------|------------|--------------|--------|
|                                                      |                                                                                                                                                                                                                                   |   | Star      Casino, |       |   | Star      Casino   |   |   | Guarantor    |   |       | Eliminating |   |   |       | Total        |   |
|                                                      |                                                                                                                                                                                                                                   |   | LLC               |       |   | Capital      Corp. |   |   | Subsidiaries |   |       | Entries     |   |   |       | Consolidated |   |
| OPERATING      REVENUES:                                  |                                                                                                                                                                                                                                   |   |              |       |   |               |   |   |         |   |       |        |   |   |       |         |
| Casino                                                    |                                                                                                                                                                                                                                   | $      | 30,062,298        |       |   | $                  | -      |   |         | $      | 60,000,885 |        |   | $      | -          |         |   |   | $ | 90,063,183 |   |
| Rooms                                                     |                                                                                                                                                                                                                                   |   | -                 |       |   |               | -      |   |         |   | 3,376,417  |        |   |   | -          |         |   |   |   | 3,376,417 |   |
| Food      and beverage                                    |                                                                                                                                                                                                                                   |   | 2,465,600         |       |   |               | -      |   |         |   | 4,398,837  |        |   |   | -          |         |   |   |   | 6,864,437 |   |
| Other                                                     |                                                                                                                                                                                                                                   |   | 814,828           |       |   |               | -      |   |         |   | 1,098,469  |        |   |   | -          |         |   |   |   | 1,913,297 |   |
|                                                      | Gross      revenues                                                                                                                                                                                                                    |   |              | 33,342,726 |   |               |   | -      |         |   |       | 68,874,608  |   |   |       | -            |   |   |   |   | 102,217,334 |   |
| Less      promotional allowances                          |                                                                                                                                                                                                                                   |   | 3,438,229         |       |   |               | -      |   |         |   | 9,060,553  |        |   |   | 136,620    |         | (a)    |   |   | 12,635,402 |   |
|                                                      | Net      operating revenues                                                                                                                                                                                                            |   |              | 29,904,497 |   |               |   | -      |         |   |       | 59,814,055  |   |   |       | (136,620     | )      |   |   |   | 89,581,932 |   |
|                                                      |                                                                                                                                                                                                                                   |   |              |       |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |   |
| OPERATING      COSTS AND EXPENSES:                        |                                                                                                                                                                                                                                   |   |              |       |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |
| Casino                                                    |                                                                                                                                                                                                                                   |   | 7,746,081         |       |   |               | -      |   |         |   | 16,476,378 |        |   |   | -          |         |   |   |   | 24,222,459 |   |
| Rooms                                                     |                                                                                                                                                                                                                                   |   | -                 |       |   |               | -      |   |         |   | 857,380    |        |   |   | -          |         |   |   |   | 857,380 |   |
| Food      and beverage                                    |                                                                                                                                                                                                                                   |   | 1,507,626         |       |   |               | -      |   |         |   | 1,481,525  |        |   |   | -          |         |   |   |   | 2,989,151 |   |
| Other                                                     |                                                                                                                                                                                                                                   |   | 266,976           |       |   |               | -      |   |         |   | 240,543    |        |   |   | -          |         |   |   |   | 507,519 |   |
| Gaming      taxes                                         |                                                                                                                                                                                                                                   |   | 8,942,008         |       |   |               | -      |   |         |   | 12,232,856 |        |   |   | -          |         |   |   |   | 21,174,864 |   |
| Advertising      and promotion                            |                                                                                                                                                                                                                                   |   | 1,710,389         |       |   |               | -      |   |         |   | 4,511,431  |        |   |   | (136,620   | )            | (a)    |   |   | 6,085,200 |   |
| General      and administrative                           |                                                                                                                                                                                                                                   |   | 5,727,092         |       |   |               | -      |   |         |   | 8,276,855  |        |   |   | -          |         |   |   |   | 14,003,947 |   |
| Corporate      expense                                    |                                                                                                                                                                                                                                   |   | 1,708,250         |       |   |               | -      |   |         |   | -          |        |   |   | -          |         |   |   |   | 1,708,250 |   |
| Economic      incentive tax - City of Gary, net of refund |                                                                                                                                                                                                                                   |   | 879,421           |       |   |               | -      |   |         |   | 837,499    |        |   |   | -          |         |   |   |   | 1,716,920 |   |
| Depreciation      and amortization                        |                                                                                                                                                                                                                                   |   | 2,967,700         |       |   |               | -      |   |         |   | 5,186,418  |        |   |   | -          |         |   |   |   | 8,154,118 |   |
| Gain      on disposal of assets                           |                                                                                                                                                                                                                                   |   | (2,831            | )          |   |               | -      |   |         |   | (94        | )           |   |   | -          |         |   |   |   | (2,925 | ) |
|                                                      | Total      operating costs and expenses                                                                                                                                                                                                |   |              | 31,452,712 |   |               |   | -      |         |   |       | 50,100,791  |   |   |       | (136,620     | )      |   |   |   | 81,416,883 |   |
|                                                      |                                                                                                                                                                                                                                   |   |              |       |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |   |
|                                                      | Operating      (loss) income                                                                                                                                                                                                           |   |              | (1,548,215 | )      |               |   | -      |         |   |       | 9,713,264   |   |   |       | -            |   |   |   |   | 8,165,049 |   |
|                                                      |                                                                                                                                                                                                                                   |   |              |       |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |   |
| OTHER      (EXPENSE) INCOME :                             |                                                                                                                                                                                                                                   |   |              |       |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |
| Interest      income                                      |                                                                                                                                                                                                                                   |   | 16,519            |       |   |               | -      |   |         |   | 76,418     |        |   |   | -          |         |   |   |   | 92,937 |   |
| Interest      expense                                     |                                                                                                                                                                                                                                   |   | (13,526,481       | )          |   |               | -      |   |         |   | (992       | )           |   |   | -          |         |   |   |   | (13,527,473 | ) |
| Interest      expense - debt pushed down                  |                                                                                                                                                                                                                                   |   |              |       |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |
|                                                      | from      Majestic Holdco (b)                                                                                                                                                                                                          |   |              | (1,778,076 | )      |               |   | -      |         |   |       | -           |   |   |       | -            |   |   |   |   | (1,778,076 | ) |
| Other      non-operating expense                          |                                                                                                                                                                                                                                   |   | (19,690           | )          |   |               | -      |   |         |   | -          |        |   |   | -          |         |   |   |   | (19,690 | ) |
| Equity      in net income of subsidiaries                 |                                                                                                                                                                                                                                   |   | 9,788,690         |       |   |               | -      |   |         |   | -          |        |   |   | (9,788,690 | )            | (c)    |   |   | - |   |
|                                                      | Total      other (expense) income                                                                                                                                                                                                      |   |              | (5,519,038 | )      |               |   | -      |         |   |       | 75,426      |   |   |       | (9,788,690   | )      |   |   |   | (15,232,302 | ) |
|                                                      |                                                                                                                                                                                                                                   |   |              |       |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |   |
|                                                      | Net      (loss) income                                                                                                                                                                                                                 |   | $                 | (7,067,253 | )      |               | $      | -      |         |   | $          | 9,788,690   |   |   | $          | (9,788,690   | )      |   |   | $ | (7,067,253 | ) |
|                                                      |                                                                                                                                                                                                                                   |   |              |       |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |   |
| (a)                                                       | To      eliminate intercompany transactions.                                                                                                                                                                                           |   |
| (b)                                                       | Includes      amortization of deferred financing costs and interest expense related to      the issuance of Majestic Holdco’s Discount Notes pushed down pursuant to      SEC Staff Accounting Bulletin 73 Topic 5(J). |   |
| (c)                                                       | To      eliminate equity of net income of subsidiaries.                                                                                                                                                                                |   |
|                                                      |                                                                                                                                                                                                                                   |   |              |       |   |               |   |   |         |   |       |        |   |   |       |         |   |   |   |   |   |   |

----

|                                                      |                                                                                                                                                                                                                                   |   | The      Majestic |        |   | The      Majestic  |   |   |         |   |        |        |   |   |        |         |   |
|-----------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-------------|--------|--------------------|--------|--------|--------------|--------|-------------|-------------|--------|--------|-------------|--------------|--------|
|                                                      |                                                                                                                                                                                                                                   |   | Star      Casino, |        |   | Star      Casino   |   |   | Guarantor    |   |        | Eliminating |   |   |        | Total        |   |
|                                                      |                                                                                                                                                                                                                                   |   | LLC               |        |   | Capital      Corp. |   |   | Subsidiaries |   |        | Entries     |   |   |        | Consolidated |   |
| OPERATING      REVENUES:                                  |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |        |         |
| Casino                                                    |                                                                                                                                                                                                                                   | $      | 102,469,748       |        |   | $                  | -      |   |         | $      | 178,861,808 |        |   | $      | -           |         |   |   | $ | 281,331,556 |   |
| Rooms                                                     |                                                                                                                                                                                                                                   |   | -                 |        |   |               | -      |   |         |   | 8,970,884   |        |   |   | -           |         |   |   |   | 8,970,884 |   |
| Food      and beverage                                    |                                                                                                                                                                                                                                   |   | 7,054,775         |        |   |               | -      |   |         |   | 12,595,994  |        |   |   | -           |         |   |   |   | 19,650,769 |   |
| Other                                                     |                                                                                                                                                                                                                                   |   | 2,648,198         |        |   |               | -      |   |         |   | 3,166,459   |        |   |   | -           |         |   |   |   | 5,814,657 |   |
|                                                      | Gross      revenues                                                                                                                                                                                                                    |   |              | 112,172,721 |   |               |   | -      |         |   |        | 203,595,145 |   |   |        | -            |   |   |   |   | 315,767,866 |   |
| Less      promotional allowances                          |                                                                                                                                                                                                                                   |   | 13,571,166        |        |   |               | -      |   |         |   | 28,042,654  |        |   |   | 299,999     |         | (a)    |   |   | 41,913,819 |   |
|                                                      | Net      operating revenues                                                                                                                                                                                                            |   |              | 98,601,555  |   |               |   | -      |         |   |        | 175,552,491 |   |   |        | (299,999     | )      |   |   |   | 273,854,047 |   |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |        |         |   |   |   |   |   |   |
| OPERATING      COSTS AND EXPENSES:                        |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |        |         |   |   |   |   |   |
| Casino                                                    |                                                                                                                                                                                                                                   |   | 22,772,668        |        |   |               | -      |   |         |   | 48,264,610  |        |   |   | -           |         |   |   |   | 71,037,278 |   |
| Rooms                                                     |                                                                                                                                                                                                                                   |   | -                 |        |   |               | -      |   |         |   | 2,415,216   |        |   |   | -           |         |   |   |   | 2,415,216 |   |
| Food      and beverage                                    |                                                                                                                                                                                                                                   |   | 4,029,870         |        |   |               | -      |   |         |   | 4,329,475   |        |   |   | -           |         |   |   |   | 8,359,345 |   |
| Other                                                     |                                                                                                                                                                                                                                   |   | 776,947           |        |   |               | -      |   |         |   | 713,769     |        |   |   | -           |         |   |   |   | 1,490,716 |   |
| Gaming      taxes                                         |                                                                                                                                                                                                                                   |   | 29,286,462        |        |   |               | -      |   |         |   | 36,354,793  |        |   |   | -           |         |   |   |   | 65,641,255 |   |
| Advertising      and promotion                            |                                                                                                                                                                                                                                   |   | 4,565,083         |        |   |               | -      |   |         |   | 12,978,417  |        |   |   | (299,999    | )            | (a)    |   |   | 17,243,501 |   |
| General      and administrative                           |                                                                                                                                                                                                                                   |   | 16,881,084        |        |   |               | -      |   |         |   | 25,272,048  |        |   |   | -           |         |   |   |   | 42,153,132 |   |
| Corporate      expense                                    |                                                                                                                                                                                                                                   |   | 5,180,044         |        |   |               | -      |   |         |   | -           |        |   |   | -           |         |   |   |   | 5,180,044 |   |
| Economic      incentive tax - City of Gary, net of refund |                                                                                                                                                                                                                                   |   | 2,769,089         |        |   |               | -      |   |         |   | 2,413,596   |        |   |   | -           |         |   |   |   | 5,182,685 |   |
| Depreciation      and amortization                        |                                                                                                                                                                                                                                   |   | 8,961,049         |        |   |               | -      |   |         |   | 15,394,448  |        |   |   | -           |         |   |   |   | 24,355,497 |   |
| Loss      on disposal of assets                           |                                                                                                                                                                                                                                   |   | 84,769            |        |   |               | -      |   |         |   | 720,869     |        |   |   | -           |         |   |   |   | 805,638 |   |
|                                                      | Total      operating costs and expenses                                                                                                                                                                                                |   |              | 95,307,065  |   |               |   | -      |         |   |        | 148,857,241 |   |   |        | (299,999     | )      |   |   |   | 243,864,307 |   |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |        |         |   |   |   |   |   |   |
|                                                      | Operating      income                                                                                                                                                                                                                  |   |              | 3,294,490   |   |               |   | -      |         |   |        | 26,695,250  |   |   |        | -            |   |   |   |   | 29,989,740 |   |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |        |         |   |   |   |   |   |   |
| OTHER      (EXPENSE) INCOME :                             |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |        |         |   |   |   |   |   |
| Interest      income                                      |                                                                                                                                                                                                                                   |   | 149,799           |        |   |               | -      |   |         |   | 317,184     |        |   |   | -           |         |   |   |   | 466,983 |   |
| Interest      expense                                     |                                                                                                                                                                                                                                   |   | (40,819,926       | )           |   |               | -      |   |         |   | (4,484      | )           |   |   | -           |         |   |   |   | (40,824,410 | ) |
| Interest      expense - debt pushed down                  |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |        |         |   |   |   |   |   |
|                                                      | from      Majestic Holdco (b)                                                                                                                                                                                                          |   |              | (5,224,955  | )      |               |   | -      |         |   |        | -           |   |   |        | -            |   |   |   |   | (5,224,955 | ) |
| Other      non-operating expense                          |                                                                                                                                                                                                                                   |   | (70,056           | )           |   |               | -      |   |         |   | -           |        |   |   | -           |         |   |   |   | (70,056 | ) |
| Equity      in net income of subsidiaries                 |                                                                                                                                                                                                                                   |   | 27,007,950        |        |   |               | -      |   |         |   | -           |        |   |   | (27,007,950 | )            | (c)    |   |   | - |   |
|                                                      | Total      other (expense) income                                                                                                                                                                                                      |   |              | (18,957,188 | )      |               |   | -      |         |   |        | 312,700     |   |   |        | (27,007,950  | )      |   |   |   | (45,652,438 | ) |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |        |         |   |   |   |   |   |   |
|                                                      | Net      (loss) income                                                                                                                                                                                                                 |   | $                 | (15,662,698 | )      |               | $      | -      |         |   | $           | 27,007,950  |   |   | $           | (27,007,950  | )      |   |   | $ | (15,662,698 | ) |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |        |         |   |   |   |   |   |   |
| (a)                                                       | To      eliminate intercompany transactions.                                                                                                                                                                                           |   |
| (b)                                                       | Includes      amortization of deferred financing costs and interest expense related to      the issuance of Majestic Holdco’s Discount Notes pushed down pursuant to      SEC Staff Accounting Bulletin 73 Topic 5(J). |   |
| (c)                                                       | To      eliminate equity of net income of subsidiaries.                                                                                                                                                                                |   |
|                                                      |                                                                                                                                                                                                                                   |   |              |        |   |               |   |   |         |   |        |        |   |   |        |         |   |   |   |   |   |   |

----

|                                                           |                                                                                                                                                                                                                                    |   | The      Majestic |       |   | The      Majestic  |   |   |         |   |        |        |   |   |         |   |
|----------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|------------|--------|--------------------|--------|--------|--------------|--------|-------------|-------------|--------|--------|--------------|--------|
|                                                           |                                                                                                                                                                                                                                    |   | Star      Casino, |       |   | Star      Casino   |   |   | Guarantor    |   |        | Eliminating |   |   | Total        |   |
|                                                           |                                                                                                                                                                                                                                    |   | LLC               |       |   | Capital      Corp. |   |   | Subsidiaries |   |        | Entries     |   |   | Consolidated |   |
| NET      CASH (USED IN) PROVIDED BY                            |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |
| OPERATING      ACTIVITIES: (a)                                 |                                                                                                                                                                                                                                    | $      | (34,285,184       | )          |   | $                  | -      |   |         | $      | 51,230,841  |        |   | $      | -            |   |   | $ | 16,945,657 |   |
|                                                           |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES:                     |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |
| Decrease      in restricted cash                               |                                                                                                                                                                                                                                    |   | 248,815           |       |   |               | -      |   |         |   | -           |        |   |   | -            |   |   |   | 248,815 |   |
| Additions      to property and equipment                       |                                                                                                                                                                                                                                    |   | (760,854          | )          |   |               | -      |   |         |   | (16,855,792 | )           |   |   | -            |   |   |   | (17,616,646 | ) |
| Decrease      in Lakefront Capital Improvement Fund            |                                                                                                                                                                                                                                    |   | 2,611,914         |       |   |               | -      |   |         |   | -           |        |   |   | -            |   |   |   | 2,611,914 |   |
| Proceeds      from disposal of equipment                       |                                                                                                                                                                                                                                    |   | 25,286            |       |   |               | -      |   |         |   | 42,385      |        |   |   | -            |   |   |   | 67,671 |   |
|                                                           | Net      cash provided by (used in) investing activities                                                                                                                                                                                |   |              | 2,125,161  |   |               |   | -      |         |   |        | (16,813,407 | )      |   |         | -      |   |   |   | (14,688,246 | ) |
|                                                           |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES:                     |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |
| Proceeds      from line of credit                              |                                                                                                                                                                                                                                    |   | 36,156,854        |       |   |               | -      |   |         |   | -           |        |   |   | -            |   |   |   | 36,156,854 |   |
| Repayment      of line of credit                               |                                                                                                                                                                                                                                    |   | (22,150,000       | )          |   |               | -      |   |         |   | -           |        |   |   | -            |   |   |   | (22,150,000 | ) |
| Advances      from (to) affiliates                             |                                                                                                                                                                                                                                    |   | 38,975,000        |       |   |               | -      |   |         |   | (38,975,000 | )           |   |   | -            |   |   |   | - |   |
| Repayment      of debt                                         |                                                                                                                                                                                                                                    |   | (132,770          | )          |   |               | -      |   |         |   | (277,312    | )           |   |   | -            |   |   |   | (410,082 | ) |
| Tax      Distribution to Barden Development, Inc.              |                                                                                                                                                                                                                                    |   | (1,400,000        | )          |   |               | -      |   |         |   | -           |        |   |   | -            |   |   |   | (1,400,000 | ) |
|                                                           | Net      cash provided by (used in) financing activities                                                                                                                                                                                |   |              | 51,449,084 |   |               |   | -      |         |   |        | (39,252,312 | )      |   |         | -      |   |   |   | 12,196,772 |   |
|                                                           |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |   |
| Net increase      (decrease) in cash and cash equivalents |                                                                                                                                                                                                                                    |   | 19,289,061        |       |   |               | -      |   |         |   | (4,834,878  | )           |   |   | -            |   |   |   | 14,454,183 |   |
|                                                           |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |   |
| Cash      and cash equivalents, beginning of period            |                                                                                                                                                                                                                                    |   | 8,055,172         |       |   |               | -      |   |         |   | 21,161,091  |        |   |   | -            |   |   |   | 29,216,263 |   |
|                                                           |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |   |
| Cash      and cash equivalents, end of period                  |                                                                                                                                                                                                                                    | $      | 27,344,233        |       |   | $                  | -      |   |         | $      | 16,326,213  |        |   | $      | -            |   |   | $ | 43,670,446 |   |
|                                                           |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |   |
| (a)                                                            | Includes      interest expense of $5.5 million and amortization of deferred financing      costs and $0.4 million related to the amortization of bond discount and      deferred financing costs of Majestic Holdco's Discount    Notes |   |
|                                                           |                                                                                                                                                                                                                                    |   | .                 |       |   |               |   |   |         |   |        |        |   |

----

| NOTE      10. | SUPPLEMENTAL      GUARANTOR FINANCIAL INFORMATION(CONTINUED) |
|---------------|--------------------------------------------------------------|

|                                                |                                                                                                                                                                                                                                    |   | The      Majestic |       |   | The      Majestic  |   |   |         |   |        |        |   |   |         |   |
|-----------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|------------|--------|--------------------|--------|--------|--------------|--------|-------------|-------------|--------|--------|--------------|--------|
|                                                |                                                                                                                                                                                                                                    |   | Star      Casino, |       |   | Star      Casino   |   |   | Guarantor    |   |        | Eliminating |   |   | Total        |   |
|                                                |                                                                                                                                                                                                                                    |   | LLC               |       |   | Capital      Corp. |   |   | Subsidiaries |   |        | Entries     |   |   | Consolidated |   |
| NET      CASH (USED IN) PROVIDED BY                 |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |
| OPERATING      ACTIVITIES: (a)                      |                                                                                                                                                                                                                                    | $      | (19,229,918       | )          |   | $                  | -      |   |         | $      | 55,744,399  |        |   | $      | -            |   |   | $ | 36,514,481 |   |
|                                                |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES:          |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |
| Increase      in restricted cash                    |                                                                                                                                                                                                                                    |   | (301,360          | )          |   |               | -      |   |         |   | -           |        |   |   | -            |   |   |   | (301,360 | ) |
| Additions      to property and equipment            |                                                                                                                                                                                                                                    |   | (6,025,107        | )          |   |               | -      |   |         |   | (17,601,304 | )           |   |   | -            |   |   |   | (23,626,411 | ) |
| Increase      in Lakefront Capital Improvement Fund |                                                                                                                                                                                                                                    |   | (619,795          | )          |   |               | -      |   |         |   | -           |        |   |   | -            |   |   |   | (619,795 | ) |
| Proceeds      from disposal of equipment            |                                                                                                                                                                                                                                    |   | 73,400            |       |   |               | -      |   |         |   | 95,499      |        |   |   | -            |   |   |   | 168,899 |   |
|                                                | Net      cash used in investing activities                                                                                                                                                                                              |   |              | (6,872,862 | )      |               |   | -      |         |   |        | (17,505,805 | )      |   |         | -      |   |   |   | (24,378,667 | ) |
|                                                |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES:          |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |
| Proceeds      from line of credit                   |                                                                                                                                                                                                                                    |   | 28,665,026        |       |   |               | -      |   |         |   | -           |        |   |   | -            |   |   |   | 28,665,026 |   |
| Repayment      of line of credit                    |                                                                                                                                                                                                                                    |   | (32,950,000       | )          |   |               | -      |   |         |   | -           |        |   |   | -            |   |   |   | (32,950,000 | ) |
| Advances      from (to) affiliates                  |                                                                                                                                                                                                                                    |   | 32,900,000        |       |   |               | -      |   |         |   | (32,900,000 | )           |   |   | -            |   |   |   | - |   |
| Repayment      of debt                              |                                                                                                                                                                                                                                    |   | (56,870           | )          |   |               | -      |   |         |   | (80,992     | )           |   |   | -            |   |   |   | (137,862 | ) |
| Distributions      to Barden Development, Inc.      |                                                                                                                                                                                                                                    |   | (2,150,245        | )          |   |               | -      |   |         |   | -           |        |   |   | -            |   |   |   | (2,150,245 | ) |
|                                                | Net      cash provided by (used in) financing activities                                                                                                                                                                                |   |              | 26,407,911 |   |               |   | -      |         |   |        | (32,980,992 | )      |   |         | -      |   |   |   | (6,573,081 | ) |
|                                                |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |   |
| Net      increase in cash and cash equivalents |                                                                                                                                                                                                                                    |   | 305,131           |       |   |               | -      |   |         |   | 5,257,602   |        |   |   | -            |   |   |   | 5,562,733 |   |
|                                                |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |   |
| Cash      and cash equivalents, beginning of period |                                                                                                                                                                                                                                    |   | 9,101,841         |       |   |               | -      |   |         |   | 16,430,083  |        |   |   | -            |   |   |   | 25,531,924 |   |
|                                                |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |   |
| Cash      and cash equivalents, end of period       |                                                                                                                                                                                                                                    | $      | 9,406,972         |       |   | $                  | -      |   |         | $      | 21,687,685  |        |   | $      | -            |   |   | $ | 31,094,657 |   |
|                                                |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |         |   |   |   |   |   |   |
| (a)                                                 | Includes      interest expense of $4.8 million and amortization of deferred financing      costs of $0.4 million related to the amortization of bond discount and      deferred financing costs of Majestic Holdco's Discount    Notes. |   |
|                                                |                                                                                                                                                                                                                                    |   |              |       |   |               |   |   |         |   |        |        |   |   |

----

----

| ITEM      2. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION      AND |
|--------------|----------------------------------------------------------------------------|

|   |  RESULTS      OF OPERATIONS. |
|--------|-----------------------------------|

----

| ·   | We      did not make the October 15, 2008 interest payments of $24.0 million, in      aggregate, with respect to the Senior Secured Notes and Senior Notes prior      to the expiration of the grace period on November 14, 2008 which causes an      event of default under the indentures governing each of the series of      notes as well as our Senior Secured Credit Facility (“Event of      Default”).  As a result, the trustee or a specified percentage      of holders of these notes have the right to accelerate the maturity date      of the respective notes, which would cause the respective notes to be      immediately due and payable and could result in all of our indebtedness      becoming immediately due and payable. The lenders also have the right to      accelerate the maturity of amounts outstanding under our Senior Secured      Credit Facility. The lenders under the Senior Secured Credit Facility have      the right to foreclose on substantially all of our equity and the equity      of our subsidiaries as well as on our assets which secure such      indebtedness. In addition, there is an Event of Default under the      indenture governing the Discount Notes issued by our parent. Consequently,      we have classified all debt within current liabilities in the Condensed      Consolidated Balance Sheet as of September 30,  2008. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      have engaged financial advisors to assist in the evaluation of a broad      range of financial and strategic alternatives aimed at addressing trends      in our operating results and financial position. We continue our      evaluation of financial and strategic alternatives, which may include a      recapitalization, refinancing, restructuring or reorganization of our      obligations or a sale of some or all of our businesses. We are actively      working with our advisors toward such a transaction that would address the      decline in our operating results and modify our capital structure,      including our outstanding indebtedness.  Due to the existing      uncertainty in the capital and credit markets and current adverse changes      in the global economy, we may be unable to consummate any such      alternative. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | On      October 7, 2008, we drew substantially all the funds remaining on the      Senior Secured Credit Facility. Whereas we have been funding our negative      working capital with advances under our revolver, we will be solely      dependent upon cash generated from our operations to fund our debt      service, maintenance capital expenditures and operating costs. In      addition, as part of the restructuring process, we anticipate incurring      significant restructuring costs which will further adversely impact our      liquidity. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      spending and visitation habits of our casino customers have been      negatively impacted by the weakening economy, higher gas prices and      instability in the housing market.  In addition, higher costs      have caused us to reduce spending on our outer market transportation      programs, including junkets, and this has caused, in particular, a      reduction of customers to our Fitzgeralds Tunica property. At this time we      cannot predict when the spending/visitation habits of our customers will      improve. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      smoking ban in Colorado has impacted the financial results of our      Fitzgeralds Black Hawk property throughout 2008.  We cannot      quantify the impact to our operations, as there have been a number of      other factors impacting the property, including the weak economy as      referenced above and the competitive environment in which we operate.      However, we believe that the smoking ban has caused a drop in casino      visitation by smokers and less time gambling per visit. It is not possible      to predict when, or if, smoking customers will adapt to the non-smoking      casino environment and return to pre- non-smoking ban gaming      patterns. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | In      September, remnants from Hurricane Ike caused extremely poor weather in      the region in and around our Majestic Properties. The poor weather caused      flooding and inhibited the ability to travel to our Majestic Properties.      As a result, we experienced a significant decline in casino      volumes. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Competition      remains intense in all of our markets. In northwest Indiana and      Chicagoland, the market in which our Majestic Properties compete, a new      casino vessel opened in July 2008. The new vessel is single-level, as      opposed to our multi-deck casino properties, which allows customers to      flow easily between areas of the gaming floor.  The casino      vessel contains new amenities and an expanded gaming floor. Late in the      second quarter of 2008, another competitor finished the remodeling and      rebranding of an acquired riverboat and land-based facilities. Among other      things, the property contains remodeled casino floors, restaurants and new      slot machines. Another competitor’s casino is in the final phases of a      $130.0 million expansion, which will include new and improved amenities.      We also continue to experience competitive pressures from a Native      American casino on the Indiana/Michigan border. Further, the competition      faced by our Majestic Properties is particularly significant because 65%      of cash flow from operating activities of our casino properties is      attributable to the MajesticProperties. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | In      Tunica, Mississippi, a competitor recently completed an extensive      remodeling and re-branding of its property. Fitzgeralds Tunica property      management believes that the remodeled and rebranded property will      increase competition for Fitzgeralds Tunica as both properties market and      promote to a similar customer. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      substantially completed the expansion of Fitzgeralds Black Hawk in June      2008, incurring $ 36.0 million through September 30, 2008 on this project.      This expansion has added more amenities for our guests and increased the      number of slot machines from approximately 600 to approximately 914 and      included rebuilding the Masonic Building and Rohling Inn properties. We      had a soft opening on June 25, 2008, and the grand opening on July 24,      2008; however, the opening occurred during weak market conditions. For the      twelve months ended September 30, 2008, Black Hawk market revenues are      down 7.4%. As a result, Fitzgeralds Black Hawk has not experienced the      significant increases in operating cash flows that had been anticipated      when the expansion was undertaken. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Given      our commitments to complete the Fitzgeralds Black Hawk expansion, the      lower cash flows from operating activities at our facilities, limited      availability under our Senior Secured Credit Facility and the current      turmoil in the credit market, we have not had the ability to make      significant improvements to amenities and gaming operations at our      Majestic Properties and Fitzgeralds Tunica during the current year. As a      result, our revenues have been adversely impacted and will likely be      adversely impacted in the future due to our inability to re-invest in the      Majestic Properties and FitzgeraldsTunica. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      continue to strive to control costs without hurting our competitiveness.      However, given the difficulties in raising capital in the current      financial market and our lower cash flows, it will be very difficult for      us to compete without new or enhanced amenities to our customers. In the      three- and nine-month periods ended September 30, 2008, our promotional      allowances decreased significantly and advertising and promotional      expenses were relatively unchanged compared to the same periods in 2007      mainly due to the implementation of downloadable promotional credits at      the Majestic Properties and a reduction in junket programs at Fitzgeralds      Tunica. However, we may need to increase promotional and marketing expense      to drive visitation to our casinos. Also, our limitations on capital      expenditures may cause us to rely more on leasing slot equipment to ensure      that we have the slot product that customers desire, but leasing slot      machines is more costly in the longrun. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      have seen casinos in northwest Indiana increase the number of lower      denomination slot machines on their casino floors, particularly penny slot      machines.  Penny slot machines have been one of the best      performing slot denominations in the market and the Majestic Properties      have seen good revenue performance within this segment; however, our      future performance in the lower denomination slot machine segment is at      risk as our competitors add more lower denomination slot machines, and in      particular penny slot machines, to their casino  floors. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | On      November 4, 2008, Colorado voters passed Amendment 50 which allows the      residents of the three gaming towns in Colorado to vote to extend casino      hours, approve additional games and increase the maximum bet limit. We      believe that passage by the residents of Black Hawk will have a positive      effect on revenues at Fitzgeralds Black Hawk. The vote is expected to      occur in January 2009. Implementation of the new provisions will occur      subsequent to the issuance of appropriate changes in gaming regulations      which we anticipate may be in effect by the summer of  2009. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                 |   | For      The Three Months Ended |    |   |    |   |   | For      The Nine Months Ended |   |   |    |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|---------|--------|---------|--------|--------|--------------------------------|--------|--------|---------|--------|
|                                                                                                                                                                 |   | September      30,              |    |   | Percent |   |   | September      30,             |   |   | Percent |   |
|                                                                                                                                                                 |   | 2008                            |    |   | 2007    |   |   | Change                         |   |   | 2008    |   |   | 2007 |   |   | Change |   |
| Net      revenues:                                                                                                                                                   |   |                            |    |   |    |   |   |                           |   |   |    |   |   |   |   |   |   |   |
| Majestic      Properties                                                                                                                                             |   | $                               | 54,200  |   |    | $      | 58,781 |                           |   |   | -7.8    | %      |   | $ | 172,287 |   |   | $ | 184,542 |   |   |   | -6.6 | % |
| Fitzgeralds      Tunica                                                                                                                                              |   |                            | 19,457  |   |    |   | 22,718 |                           |   |   | -14.4   | %      |   |   | 62,380 |   |   |   | 65,645 |   |   |   | -5.0 | % |
| Fitzgeralds      Black Hawk                                                                                                                                          |   |                            | 9,015   |   |    |   | 8,083  |                           |   |   | 11.5    | %      |   |   | 22,347 |   |   |   | 23,667 |   |   |   | -5.6 | % |
| Total                                                                                                                                                                |   | $                               | 82,672  |   |    | $      | 89,582 |                           |   |   | -7.7    | %      |   | $ | 257,014 |   |   | $ | 273,854 |   |   |   | -6.1 | % |
|                                                                                                                                                                 |   |                            |    |   |    |   |   |                           |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Casino      revenues:                                                                                                                                                |   |                            |    |   |    |   |   |                           |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Majestic      Properties                                                                                                                                             |   | $                               | 54,410  |   |    | $      | 58,888 |                           |   |   | -7.6    | %      |   | $ | 172,466 |   |   | $ | 191,159 |   |   |   | -9.8 | % |
| Fitzgeralds      Tunica                                                                                                                                              |   |                            | 18,761  |   |    |   | 22,340 |                           |   |   | -16.0   | %      |   |   | 60,771 |   |   |   | 64,358 |   |   |   | -5.6 | % |
| Fitzgeralds      Black Hawk                                                                                                                                          |   |                            | 10,121  |   |    |   | 8,835  |                           |   |   | 14.6    | %      |   |   | 25,258 |   |   |   | 25,815 |   |   |   | -2.2 | % |
| Total                                                                                                                                                                |   | $                               | 83,292  |   |    | $      | 90,063 |                           |   |   | -7.5    | %      |   | $ | 258,495 |   |   | $ | 281,332 |   |   |   | -8.1 | % |
|                                                                                                                                                                 |   |                            |    |   |    |   |   |                           |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      (loss) income :                                                                                                                                       |   |                            |    |   |    |   |   |                           |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Majestic      Properties (1)                                                                                                                                         |   | $                               | (35,587 | )      |    | $      | 6,667  |                           |   |   | -633.8  | %      |   | $ | (21,359 | ) |   | $ | 26,033 |   |   |   | -182.0 | % |
| Fitzgeralds      Tunica                                                                                                                                              |   |                            | (94     | )      |    |   | 1,427  |                           |   |   | -106.6  | %      |   |   | 2,818 |   |   |   | 4,303 |   |   |   | -34.5 | % |
| Fitzgeralds      Black Hawk                                                                                                                                          |   |                            | 760     |   |    |   | 1,824  |                           |   |   | -58.4   | %      |   |   | 1,781 |   |   |   | 4,939 |   |   |   | -63.9 | % |
| Corporate      (2)                                                                                                                                                   |   |                            | (1,511  | )      |    |   | (1,753 | )                              |   |   | 13.8    | %      |   |   | (4,658 | ) |   |   | (5,285 | ) |   |   | 11.9 | % |
| Total                                                                                                                                                                |   | $                               | (36,432 | )      |    | $      | 8,165  |                           |   |   | -546.2  | %      |   | $ | (21,418 | ) |   | $ | 29,990 |   |   |   | -171.4 | % |
|                                                                                                                                                                 |   |                            |    |   |    |   |   |                           |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)      Operating loss for the three and nine months ended September 2008 includes      an estimated $41.5 million charge for impairment of    goodwill.            |   |
|                                                                                                                                                                 |   |                            |    |   |    |   |   |                           |   |   |    |   |   |   |   |   |   |
| (2)      Corporate expenses reflect payroll, benefits, travel and other costs      associated with our corporate staff and are not allocated to the      properties. |   |
|                                                                                                                                                                 |   |                            |    |   |    |   |   |                           |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |

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ITEM3

ITEM4T

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PARTII

ITEM 1

ITEM 1
A

ITEM
5

ITEM
6

| (a)   | The      following exhibits are filed as part of this  report: |
|-----------------|----------------------------------------------------------------|

| Exhibit      No. |                 | Description      of Document                                                                                                                                                                  |
|------------------|----------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|             |                 |                                                                                                                                                                                          |
|             |                 |                                                                                                                                                                                          |
| 31.1*            |                 | Certification      of Chief Executive Officer pursuant to Rule 15d-14 of the Securities      Exchange Act of 1934, as adopted pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002. |
|             |                 |                                                                                                                                                                                          |
| 31.2*            |                 | Certification      of Chief Financial Officer pursuant to Rule 15d-14 of the Securities      Exchange Act of 1934, as adopted pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002. |
|             |                 |                                                                                                                                                                                          |
| 32*              |                 | Certification      pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of      the Sarbanes-Oxley Act of 2002.                                                             |
|             |                 |                                                                                                                                                                                          |
|             |                 |                                                                                                                                                                                          |
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|             |                 |
|             |                 |
| *                | Filed      herewith. |
|             |                 |                                                                                                                                                                                          |

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SIGNATURES

| Dated:      November 19, 2008                                     |
|-------------------------------------------------------------------|
|                                                              |   |
| THE      MAJESTIC STAR CASINO, LLC                                |
|                                                              |   |
|  /s/      Don H. Barden                                      |   |
| Don      H. Barden                                                |
| Chairman,      President and Chief Executive Officer              |
| (Principal      Executive Officer)                                |
|                                                              |   |
|  /s/ Jon S.      Bennett                                     |   |
| Jon      S. Bennett                                               |
| Senior      Vice President, Chief Financial Officer and Treasurer |
| (Principal      Financial and Accounting Officer)                 |
|                                                              |   |
|                                                              |   |
| THE      MAJESTIC STAR CASINO CAPITAL CORP.                       |
|                                                              |   |
|  /s/      Don H. Barden                                      |   |
| Don      H. Barden                                                |
| President      and Chief Executive Officer                        |
| (Principal      Executive Officer)                                |
|                                                              |   |
|  /s/ Jon S.      Bennett                                     |   |
| Jon      S. Bennett                                               |
| Senior      Vice President, Chief Financial Officer and Treasurer |
| (Principal      Financial and Accounting Officer)                 |
|                                                              |
|                                                              |
| THE      MAJESTIC STAR CASINO CAPITAL CORP. II                    |
|                                                              |
|  /s/ Don H.      Barden                                      |   |
| Don      H. Barden                                                |
| President      and Chief Executive Officer                        |
| (Principal      Executive Officer)                                |
|                                                              |
|  /s/Jon      S. Bennett                                      |   |
| Jon      S. Bennett                                               |
| Senior      Vice President, Chief Financial Officer and Treasurer |
| (Principal      Financial and Accounting Officer)                 |
|                                                              |

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