The Majestic Star casino company is bringing Goldman Sachs on board as a financial adviser, the company stated this week in a filing with the Securities and Exchange Commission.

The New York-based investment banking firm will work with XRoads Solutions Group, the adviser Majestic Star LLC hired in October, the Monday SEC filing states.

The firms will assist the casino company, owner of the two Majestic Star riverboats in Gary, in evaluating alternatives to its finances and strategy, which include the possible sale of assets, the company said.

"Goldman Sachs is one of the premiere financial institutions in the world, and we are pleased to have them as part of our team," Majestic Star LLC Chief Executive Officer Don Barden said in a prepared statement.

The casino company also notified the SEC that it will submit its third-quarter financial report late.

The Form 10-Q, a comprehensive report of a company's quarterly performance, is required to be submitted to the SEC 45 days after the end of the fiscal quarter.

The latest moves follow Majestic Star LLC's failure last week to make a $24 million interest payment before a Friday deadline.

"They're obviously trying to buy some time," said Ed Feigenbaum, editor of Indiana Gaming Insight, which tracks the state's casino industry.

"I don't know if they're working out a deal with creditors or working on a reorganization or making some kind of major change in their business operation," Feigenbaum said. "It's all speculation."

Majestic Star LLC told the SEC there is no assurance the evaluation by financial advisers will result in any specific transaction.