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Global Casinos, Doc Holliday Casino Amend Purchase Agreement
(InvesTrend Via Thomson Dialog NewsEdge)
March 7, 2008 (FinancialWire) Global Casinos Inc. (OTCBB: GBCS) has
amended its definitive asset purchase and sale agreement with Doc
Holliday Casino LLC, providing for the acquisition by the company of
substantially all assets of Doc Holliday Casino, located in Central
City, Colorado.
The amendment extends the Closing Date through March 31, 2008. On
February 21, 2008, the Colorado Division of Gaming approved the
application to issue a new gaming license in connection with the
pending transaction. Other regulatory approvals are in process, and the
parties are continuing in their effort to satisfy the other conditions
precedent to closing.
Global Casinos currently owns and operates the Bull Durham Casino
located in Black Hawk, Colorado. It also has an equity stake in Global
Gaming Technologies LLC, which is in the process of commercially
developing new casino games.
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