LAS VEGAS, Nov. 24 /PRNewswire/ -- In a press release issued by The
Majestic Star Casino, LLC ("MSC") on November 21, 2003, there was an addition
and calculation error in the consolidating data presented in its Consolidating
Statement of Cash Flows for the nine-months ended September 30, 2002.  The
Consolidating Statement of Cash Flows for the nine-months ended September 30,
2002 was presented as part of a package of consolidating financial statements
as of September 30, 2003 and December 31, 2002 and for the three- and nine-
months ended September 30, 2003 and 2002.  The consolidating financial
statements were provided as additional investor information due to completion
of a refinancing (and related change in guarantor entities) that took place
after presentation of the September 30, 2003 balance sheet included in the
Company's most recently filed Quarterly Report on Form 10-Q.
    There are no corrections to the consolidated financial statement totals
previously presented in the November 21st press release.  Attached is a
revised Consolidating Statement of Cash Flows for the nine-months ended
September 30, 2002 that incorporates the corrections to the consolidating data
described above.

    MSC is a multi-jurisdictional gaming company that directly owns and
operates one dockside gaming facility located in Gary, Indiana ("Majestic
Star"), and indirectly owns and operates three Fitzgeralds brand casinos
located in Tunica, Mississippi ("Fitzgeralds Tunica" or with respect to the
operating subsidiary "Barden Mississippi Gaming, LLC"), Black Hawk, Colorado
("Fitzgeralds Black Hawk" or with respect to the operating subsidiary "Barden
Colorado Gaming, LLC") and downtown Las Vegas, Nevada ("Fitzgeralds Las Vegas"
or with respect to the operating subsidiary "Barden Nevada Gaming, LLC").
MSC, together with its direct and indirect subsidiaries comprises the Company.

    This press release includes statements that constitute "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933,
as adjusted, and Section 21E of the Securities Exchange Act of 1934, as
adjusted, and are subject to the safe harbor provisions of those sections and
the Private Securities Litigation Reform Act of 1995.  Words such as
"believes," "anticipates," "estimates," "plans," "intends," "expects," "will"
or "could" used in the Company's press releases and reports filed with the
Securities and Exchange Commission are intended to identify forward-looking
statements.  All forward-looking statements involve risks and uncertainties.
Although the Company believes its expectations are based upon reasonable
assumptions within the bounds of its current knowledge of its business and
operations, there can be no assurances that actual results will not materially
differ from expected results.  The Company cautions that these and similar
statements included in this press release and in previously filed periodic
reports are further qualified by important factors that could cause actual
results to differ materially from those in the forward-looking statements.
Such factors include, without limitation:  the risk of the Company's joint
venture partner not making its lease payments when due in connection with the
parking facility at Majestic Star; the ability to fund planned development
needs and to service debt from existing operations and from new financing;
increased competition in existing markets or the opening of new gaming
jurisdictions; a decline in the public acceptance of gaming; the limitation,
conditioning or suspension of our gaming licenses; increases in or new taxes
imposed on gaming revenues, admissions and gaming devices; a finding of
unsuitability by regulatory authorities with respect to the Company or its
officers or key employees; loss and/or retirement of key employees;
significant increase in fuel or transportation prices; adverse economic
conditions in the Company's markets; severe and unusual weather in the
Company's markets; adverse results of significant litigation matters; non-
renewal of the Company's gaming licenses from the appropriate governmental
authorities; and continuing effects of terrorist attacks and any future
occurrences of terrorist attacks or other destabilizing events.
    For more information on these and other factors, see The Majestic Star
Casino, LLC's and Majestic Investor Holdings, LLC's most recently filed Form
10-Ks.  We caution readers not to place undue reliance on forward-looking
statements, which speak only as of the date hereof.  All subsequent written
and oral forward-looking statements attributable to us are expressly qualified
in their entirety by the cautionary statements and factors that may affect
future results contained throughout this press release.  The Company
undertakes no obligation to publicly release any revisions to such forward-
looking statements to reflect events or circumstances after the date hereof.
    The Majestic Star Casino, LLC and Majestic Investor Holdings, LLC make
available free of charge their annual reports on Form 10-K, quarterly reports
on Form 10-Q, current reports on Form 8-K and all amendments to those reports
as soon as reasonably practicable after such material is electronically filed
with or furnished to the Securities and Exchange Commission.  In addition, you
may obtain a copy of such filings at http://www.sec.gov or from the applicable web
site, http://www.majesticstar.com or http://www.fitzgeralds.com .


     THE MAJESTIC STAR CASINO, LLC
     CONSOLIDATING STATEMENT OF CASH FLOWS
     FOR THE NINE MONTH SEPTEMBER 30, 2002

                The Majestic                 Non-
                Star Casino,  Guarantor   Guarantor Eliminating   Total
                    LLC     Subsidiaries Subsidiary   Entries Consolidated

    CASH FLOWS FROM
     OPERATING
     ACTIVITIES:
    Net (loss)
     Income    $3,370,816    $1,273,587 $(1,354,773)     $--   $3,289,630
    Adjustments
     to reconcile
     net (loss)
     income to
     net cash
     provided by
     operating
     activities:
     Depreci-
      ation     4,206,255     5,578,555   1,706,580       --   11,491,390
     Amortiz-
      ation       879,524     2,923,944     496,426       --    4,299,894
     Loss on
      investment
      in Buffington
      Harbor
      Riverboats,
      L.L.C.    1,806,379            --          --       --    1,806,379
     Loss (gain)
      on sale
      of assets    (8,850)        9,311          --       --          461
    Changes in
     operating
     assets and
     liabilities:
     (Increase)
      decrease in
      accounts
      receivable,
      net        (180,314)      180,874     200,108       --      200,668
     Increase
      (decrease)
      in related
      party
      payables
      (note 1)    134,651    (1,675,332)  1,540,681       --           --
     (Increase)
      decrease in
      inven-
      tories      (10,423)       33,182     114,449       --      137,208
     Increase in
      prepaid
      expenses   (445,156)     (122,910)   (673,038)      --   (1,241,104)
     (Increase)
      decrease in
      other
      assets       (9,269)    1,062,583    (183,401)      --      869,913
     Decrease in
      accounts
      payable    (313,536)      (65,326)   (157,802)      --     (536,664)
     Decrease in
      accrued
      payroll
      and other
      expenses     (7,706)     (312,542)   (551,876)      --     (872,124)
     Increase
      (decrease)
      in accrued
      inter-
      est      (3,548,946)    4,719,957          --       --    1,171,011
     Increase
      (decrease)
      in accrued
      and other
      liabil-
      ities     1,435,254       770,030    (631,308)      --    1,573,976
     Net cash
      provided
      by (used in)
      operating
      activities
      (note 1)  7,308,679    14,375,913     506,046       --   22,190,638

    CASH FLOWS
     FROM
     INVESTING
     ACTIVITIES:
    Acquisition
     related costs     --      (986,158)         --       --     (986,158)
    Proceeds from
     seller for
     purchase
     price
     adjustment        --     3,800,000          --       --    3,800,000
    Acquisition of
     property
     and equip-
     ment      (4,276,313)   (2,783,564) (1,134,737)      --   (8,194,614)
    Decrease in
     prepaid
     leases and
     deposits     428,005            --          --       --      428,005
    Investment in
     Buffington
     Harbor
     Riverboats,
     L.L.C.       (40,455)           --          --       --      (40,455)
    Proceeds from
     sale of
     equipment      8,850        43,867          --       --       52,717
    Net cash
     provided by
     (used in)
     investing
     activities
     (note 1)  (3,879,913)       74,145  (1,134,737)      --   (4,940,505)

    CASH FLOWS
     FROM
     FINANCING
     ACTIVITIES:
    Issuance cost
     for the
     11.653%
     senior
     secured
     notes             --    (1,410,945)         --       --   (1,410,945)
    Proceeds
     from line
     of credit         --     2,500,000          --       --    2,500,000
    Repayment
     of line
     of credit         --    (9,000,000)         --       --   (9,000,000)
    Repayment
     of long-
     term debt         --            --    (104,808)      --     (104,808)
    Distribution
     to Barden
     Development,
     Inc.        (976,152)   (1,844,206)         --       --   (2,820,358)
    Net cash
     used in
     financing
     activities
     (note 1)    (976,152)   (9,755,151)   (104,808)      --  (10,836,111)

    Net increase
     (decrease)
     in cash
     and cash
     equivalents
     (note 1)   2,452,614     4,694,907    (733,499)      --    6,414,022
    Cash and
     cash
     equivalents,
     beginning
     of period  8,220,476    12,746,429   4,958,386       --   25,925,291

    Cash and
     cash
     equivalents,
     end of
     period
     (note 1) $10,673,090   $17,441,336  $4,224,887      $--  $32,339,313

     Note 1:  Revised from amounts presented in the November 21, 2003 press
              release to correct addition and calculation error.