* Eliminated over $500 mln in debt
* Lenders to become new owners of parent company
Dec 1 (Reuters) - The Majestic Star Casino LLC said it successfully completed restructuring and emerged from Chapter 11 bankruptcy.
The casino operator, which had filed for bankruptcy in November 2009, said it eliminated over $500 million in debt.
The casino said its lenders will become the new owners of its parent company, Majestic Holdco, LLC.
Private investment funds managed by Wayzata Investment Partners LLC, a Minnesota-based private equity firm, will be the largest holders of Majestic Holdco.
(Reporting by Chris Jonathan Peters in Bangalore; Editing by Gary Hill) Keywords: MAJESTICSTARCASINOLLC/
(chris.peters1@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5786; Reuters Messaging: chris.peters1.thomsonreuters.com@reuters.net)
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