Monarch Casino & Resort, Inc. (NASDAQ:MCRI), owner of the Atlantis Casino Resort in Reno, Nevada, announced today that the United States Bankruptcy Court denied its newly acquired subsidiary's requested release to extend the closing date on a contract to purchase Fitzgeralds Reno Hotel Casino.
As a result, Monarch does not expect to continue its efforts to acquire Fitzgeralds Reno.
Monarch Casino & Resort, Inc., through its wholly-owned subsidiary, owns and operates the tropically-themed Atlantis Casino Resort in Reno, Nevada.
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