Monarch Casino (MCRI) to Acquire Land Near Riviera Black Hawk Casino in $8.3M Deal
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Monarch Casino & Resort, Inc. (Nasdaq: MCRI), has entered into an option to purchase 1.5 acres of developable land contiguous to the Riviera Black Hawk casino from the Black Hawk-Central City Sanitation District.
The Option Agreement may be exercised in the fourth quarter of 2011 for $6.0 million plus a $2.3 million assessment by the City of Black Hawk for improvements to the street adjacent to the BHCCSD parcel and the Riviera Black Hawk.
The Option Agreement may be exercised in the fourth quarter of 2011 for $6.0 million plus a $2.3 million assessment by the City of Black Hawk for improvements to the street adjacent to the BHCCSD parcel and the Riviera Black Hawk.
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