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Exhibit 10.58  

 
 

AMENDMENT NO. 8 TO REDUCING REVOLVING LOAN AGREEMENT    
  

        This Amendment No. 8 to Reducing Revolving Loan Agreement (this "Amendment") dated as of March 28, 2002 is entered into with reference to the
Reducing Revolving Loan Agreement dated as of December 21, 1994 among Victoria Partners, a Nevada general partnership ("Borrower"), the Banks referred to therein, and Bank of America, N.A., as
Administrative Agent (as amended pursuant to Amendments 1 through 7 thereto, the "Loan Agreement"). Capitalized terms used but not defined herein are used with the meanings set forth for those terms
in the Loan Agreement. 

        Borrower,
the Administrative Agent and the Banks agree as follows: 

        1.    Amendments to Section 1.1—Amended Definitions.

        "Maturity Date" means July 5, 2002 or such later anniversary thereof to which the Maturity Date may be extended pursuant to
Section 2.11. 

        2.    Representation and Warranty. Borrower represents and warrants to the Administrative Agent and the Banks that no Default or
Event of Default has occurred and remains continuing, and that Borrower continues to be in compliance with Section 5.10 of the Loan Agreement. (concerning Hazardous Materials Laws). 

        3.    Conditions; Effectiveness. The effectiveness of this Amendment shall be subject to the following conditions precedent: 

        (a)  The
Administrative Agent shall have received a counterpart of this Amendment executed by the Borrower; and 

        (b)  The
Administrative Agent shall have received written consents hereto from each of the Banks substantially in the form of Exhibit A hereto. 

        4.    Confirmation. In all other respects, the terms of the Loan Agreement and the other Loan Documents are hereby confirmed. 

        IN
WITNESS WHEREOF, Borrower, the Administrative Agent and the Banks have executed this Amendment as of the date first written above by their duly authorized representatives. 

	 
	 	 
	 	 
	 	 

	 	 	VICTORIA PARTNERS, a Nevada general partnership
	

 	
 	

By:	
 	

Gold Strike L.V., managing general partner
	

 	
 	

 	
 	

By:	
 	

/s/  GLENN SCHAEFFER      

	

 	
 	

 	
 	

Title:	
 	

President and Chief Financial Officer
	 	 	 	 	 	 	

	

 	
 	

By:	
 	

MRGS Corp., a Nevada corporation, general partner
	

 	
 	

 	
 	

By:	
 	

/s/  JAMES MURREN      

	

 	
 	

 	
 	

Title:	
 	

Treasurer
	 	 	 	 	 	 	

	

 	
 	

BANK OF AMERICA, N.A., as Administrative Agent
	

 	
 	

By:	
 	

/s/  JANICE HAMMOND      

	 	 	 	 	Janice Hammond, Vice President

[Exhibit A to Amendment]  

 CONSENT OF BANK  

        This Consent of Bank is delivered with reference to the Reducing Revolving Loan Agreement dated as of December 21, 1994, among Victoria Partners, a Nevada
general partnership ("Borrower'), the Banks referred to therein, and Bank of America National Trust and Savings Association (now known as "Bank of America, N.A.") as Administrative Agent (as amended
pursuant to Amendments 1 through 7 thereto, the "Loan Agreement"). Capitalized terms used but not defined herein are used with the meanings set forth for those terms in the Loan Agreement. 

        The
undersigned Bank hereby consents to the execution, delivery and performance of the proposed Amendment No. 8 to Loan Agreement, substantially in the form provided to the
undersigned as a draft. 

	 	 	BANK OF AMERICA, N.A.
 [Name of Lender]
	

 	
 	

By:	
 	

/s/  MATTHEW KOENIG      

	

 	
 	

Matthew Koenig, Managing Director
	 	 	
 [Printed Name and Title]
	

 	
 	

Date:	
 	

March 22, 2002
	

 	
 	
BANK OF SCOTLAND
 [Name of Lender]
	

 	
 	

By:	
 	

/s/  JOSEPH FRATUS      

	

 	
 	

Joseph Fratus, Vice President
	 	 	
 [Printed Name and Title]
	

 	
 	

Date:	
 	

March 21, 2002

	

 	
 	
BANKERS TRUST COMPANY
	 	 	
 [Name of Lender]
	

 	
 	

By:	
 	

/s/  DIANE F. ROLFE       

	

 	
 	

Diane F. Rolfe, Vice President
	 	 	
 [Printed Name and Title]
	

 	
 	

Date:	
 	

March 21, 2002
	

 	
 	
CREDIT LYONNAIS LOS ANGELES BRANCH
	 	 	
 [Name of Lender]
	

 	
 	

By:	
 	

/s/  DIANNE M. SCOTT      

	

 	
 	

Dianne M. Scott, Senior Vice President and Manager
	 	 	
 [Printed Name and Title]
	

 	
 	

Date:	
 	

March 22, 2002
	

 	
 	
SOCIÉTÉ GÉNÉRALE
	 	 	
 [Name of Lender]
	

 	
 	

By:	
 	

/s/  THOMAS K. DAY      

	

 	
 	

Thomas K. Day, Managing Director
	 	 	
 [Printed Name and Title]
	

 	
 	

Date:	
 	

March 22, 2002
	

 	
 	
U.S. BANK NATIONAL ASSOCIATION
	 	 	
 [Name of Lender]
	

 	
 	

By:	
 	

/s/  SCOTT J. BELL      

	

 	
 	

Scott J. Bell, Vice President
	 	 	
 [Printed Name and Title]
	

 	
 	

Date:	
 	

March 25, 2002

	

 	
 	
WELLS FARGO BANK, N.A.
	 	 	
 [Name of Lender]
	

 	
 	

By:	
 	

/s/  CLARK A. WOOD      

	

 	
 	

Clark A. Wood, Vice President
	 	 	
 [Printed Name and Title]
	

 	
 	

Date:	
 	

March 22, 2002

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AMENDMENT NO. 8 TO REDUCING REVOLVING LOAN AGREEMENTQuickLinks
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Exhibit 10.74  

 
 

FOURTH AMENDMENT TO THE
  AMENDED AND RESTATED DEVELOPMENT AGREEMENT
  BY AND AMONG
  THE CITY OF DETROIT, THE ECONOMIC DEVELOPMENT CORPORATION
  OF THE CITY OF DETROIT AND
  DETROIT ENTERTAINMENT, L.L.C.

  

        THIS FOURTH AMENDMENT (the "Fourth Amendment") to that certain Amended and Restated Development Agreement, dated as of April 9, 1998, as amended by the
First Amendment dated June 25,1998, Second Amendment dated December, 1999, and by the Third Amendment dated November 30, 2000, by and among the City of Detroit (the "City"), The Economic
Development Corporation of the City of Detroit ("EDC") and Detroit Entertainment, L.L.C., a Michigan limited liability company ("Developer") for the City of Detroit Waterfront Reclamation and Casino
Development Project (the "Development Agreement") is made on this    day of November, 2001 by and among the City, EDC and the Developer. 

        WHEREAS, the City, EDC and Developer have previously entered into the Development Agreement; and 

        WHEREAS, it is the desire of the parties to enter into this Fourth Amendment to amend certain provisions of the Development Agreement. 

        NOW, THEREFORE, in consideration of the foregoing premises and the covenants herein contained, the parties agree as follows: 

	1.
	All
capitalized terms not otherwise defined herein shall have the same, meaning as set forth in the Development Agreement.

	2.
	Section 2.4(d) of the Development Agreement is hereby amended by deleting the reference to "December 31, 2001 "in such
section and substituting in its place "March 31, 2002."

	3.
	Except
as amended by this Fourth Amendment, the Development Agreement is reaffirmed in all respects and shall remain in full force and effect.

	4.
	This
Fourth Amendment shall become effective on the date (the "Amendment Effective Date") on which all of the following have been accomplished: this Fourth Amendment has been executed
by all parties hereto and the City Council has duly approved the last of the following: (i) this Fourth Amendment; and (ii) a fourth amendment to the amended and restated development
agreements of each of the Other Land-Based Casino Developers containing substantially the same terms and conditions as set forth in this Fourth Amendment.

	5.
	This
Fourth Amendment may be executed in counterparts, each of which shall be deemed to be an original document and together shall constitute one instrument. 

        IN
WITNESS WHEREOF, the parties hereto have set their hands and had their seals affixed on the dates set forth after their respective signatures. 

	 	 	CITY OF DETROIT, a municipal corporation
	

 	
 	

By:	
 	

DENNIS ARCHER

	 	 	Its:	 	Mayor

	

 	
 	

THE ECONOMIC DEVELOPMENT CORPORATION OF THE CITY OF DETROIT, a Michigan public body corporate
	

 	
 	

By:	
 	

ART PAPAPANOS

	 	 	Its:	 	Authorized Agent

	

 	
 	

By:	
 	

C. BETH DUNCOMBE

	 	 	Its:	 	Authorized Agent

	

 	
 	

DETROIT ENTERTAINMENT, L.L.C. a Michigan limited liability company
	

 	
 	

By:	
 	

Circus Circus Michigan, Inc. a Michigan corporation, one of its members
	

 	
 	

 	
 	

By:	
 	

GLENN SCHAEFFER

	 	 	 	 	Its:	 	President

	

 	
 	

By:	
 	

Atwater Casino Group, LLC, a Michigan limited liability company, one of its members
	

 	
 	

 	
 	

By:	
 	

Atwater Management Corporation, a Delaware corporation, its manager
	

 	
 	

 	
 	

 	
 	

By:	
 	

VIVIAN CARPENTER

	 	 	 	 	 	 	Its:	 	Vice President

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FOURTH AMENDMENT TO THE AMENDED AND RESTATED DEVELOPMENT AGREEMENT BY AND AMONG THE CITY OF DETROIT, THE ECONOMIC DEVELOPMENT CORPORATION OF THE CITY OF DETROIT AND DETROIT ENTERTAINMENT, L.L.C.QuickLinks
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Exhibit 10.75  

 
 

FIFTH AMENDMENT TO THE
  AMENDED AND RESTATED DEVELOPMENT AGREEMENT
  BY AND AMONG
  THE CITY OF DETROIT, THE ECONOMIC DEVELOPMENT CORPORATION
  OF THE CITY OF DETROIT AND
  DETROIT ENTERTAINMENT, L.L.C.

  

        THIS FIFTH AMENDMENT (the "Fifth Amendment") to that certain Amended and Restated Development Agreement, dated as of April 9, 1998, as amended by the First
Amendment dated June 25, 1998, Second Amendment dated December, 1999, Third Amendment dated November 30, 2000 and Fourth Amendment dated November 30,2001, by and among the City of
Detroit (the "City"), The Economic Development Corporation of the City of Detroit ("EDC") and Detroit Entertainment, L.L.C., a Michigan limited liability company ("Developer") for the City of Detroit
Waterfront Reclamation and Casino Development Project (the "Development Agreement") is made on this            day of March, 2002 by and among the City, EDC and the Developer. 

        WHEREAS, the City, EDC and Developer have previously entered into the Development Agreement; and 

        WHEREAS, it is the desire of the parties to enter into this Fifth Amendment to amend certain provisions of the Development Agreement. 

        NOW, THEREFORE, in consideration of the foregoing premises and the covenants herein contained, the parties agree as follows: 

	1.
	All
capitalized terms not otherwise defined herein shall have the same meaning as set forth in the Development Agreement.

	2.
	Section 2.4(d) of the Development Agreement is hereby amended by deleting the reference to "March 31, 2002" in such
section and substituting in its place "April 30, 2002."

	3.
	Except
as amended by this Fifth Amendment, the Development Agreement is reaffirmed in all respects and shall remain in full force and effect.

	4.
	This
Fifth Amendment shall become effective on the date (the "Amendment Effective Date") on which all of the following have been accomplished: (a) this Fifth Amendment has been
executed by all parties hereto and (b) the City Council has duly approved the last of the following: (i) this Fifth Amendment; and (ii) a fifth amendment to the amended and
restated development agreements of each or the Other Land-Based Casino Developers containing substantially the same terms and conditions as set forth in this Fifth Amendment.

	5.
	This
Fifth Amendment maybe executed in counterparts, each of which shall be deemed to be an original document and together shall constitute one instrument. 

 

        IN
WITNESS WHEREOF, the parties hereto have set their hands and had their seals affixed on the dates set forth after their respective signatures. 

	 	 	CITY OF DETROIT, a municipal corporation
	

 	
 	

By:	
 	

KWAME M. KILPATRICK

	 	 	Its:	 	Mayor

	

 	
 	

THE ECONOMIC DEVELOPMENT CORPORATION OF THE CITY OF DETROIT, a Michigan public body corporate
	

 	
 	

By:	
 	

ART PAPAPANOS

	 	 	Its:	 	Authorized Agent

	

 	
 	

By:	
 	

 	
 	

 	
 	

 
	 	 	 	 	

	 	 	Its:	 	Treasurer

	

 	
 	

DETROIT ENTERTAINMENT, L.L.C. a Michigan limited liability company
	

 	
 	

By:	
 	

Circus Circus Michigan, Inc. a Michigan corporation, one of its members
	

 	
 	

 	
 	

By:	
 	

Rhonda Cohen

	 	 	 	 	Its:	 	VP. & General Manager

	

 	
 	

By:	
 	

Atwater Casino Group, LLC, a Michigan limited liability company, one of its members
	

 	
 	

 	
 	

By:	
 	

Atwater Management Corporation, a Delaware corporation, its manager
	

 	
 	

 	
 	

 	
 	

By:	
 	

Thomas Celani

	 	 	 	 	 	 	Its:	 	President

	

 	
 	

 	
 	

 	
 	

By:	
 	

Vivian Carpenter

	 	 	 	 	 	 	Its:	 	Vice President

2

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FIFTH AMENDMENT TO THE AMENDED AND RESTATED DEVELOPMENT AGREEMENT BY AND AMONG THE CITY OF DETROIT, THE ECONOMIC DEVELOPMENT CORPORATION OF THE CITY OF DETROIT AND DETROIT ENTERTAINMENT, L.L.C.

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