Monarch Casino & Resort, Inc. Announces Settlement of its Lawsuit Against City of Reno and Other Third Parties - 2004-02-06
Monarch Casino & Resort, Inc. today revealed that the litigation commenced in April 2003 against the City of Reno and other interested parties petitioning
the Second Judicial District Court of Nevada to review the City of Reno's decision to enter into a contract for the purchase and relocation of the Old Reno Casino in downtown Reno, to condemn the real property occupied by the Old Reno Casino, to declare the agreement null and void and to preclude the City of Reno from condemning the real property has been settled. The settlement is expected to become final on February 11, 2004, upon the consent of the Reno City Council. The terms of the settlement, by agreement, are confidential.
Read the full story at Yahoo News

Big downtown gamble pays off - 2004-02-06
A downtown casino has not long ago become insolvent by hauling overwhelming debt even though it had sizeable cash flow, but before hitting absolute ruin, another big casino operator bought the place save the day.

When Harrah's bought the Horseshoe last month, it was, in fact, a repeat performance of the same foresight and strategic maneuvering which had been applied successfully three years earlier by Don Barden to rescue Fitzgerald's Casino from bankruptcy.
Read the full story at Las Vegas Business Press