Law firms are benefiting from the gaming industry's losing streaks. Kirkland & Ellis landed work Tuesday as the lead debtor's counsel for Majestic Star Casino, which filed for bankruptcy related to two Indiana casinos and other facilities in Mississippi and Colorado. In another casino-related bankruptcy, Carl Icahn, represented by outside counsel at Sonnenschein, has won the right to be the stalking horse bidder for the bankrupt -- and still unfinished -- Fontainebleau casino project in Las Vegas.
November 25, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
You know it’s been a rough year when casinos are going bankrupt. And that’s exactly what’s happening.
On Tuesday, Kirkland & Ellis landed work as the lead debtor’s counsel for Majestic Star Casino, which filed for bankruptcy related to its two casinos in Gary, Ind., and other facilities in Tunica, Miss., and Black Hawk, Colo.
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