Monarch/MCRI - the news
Merriman Curhan comments that the Reno City Council decided not to approve a change in the city's master plan that could have paved the way for Monarch to build a $100M casino resort 3.5 miles south of its current Atlantis operation.
The City Council members, including the Mayor, all expressed their desire to gather additional information and hold more public discussions on the issue. No timetable was given on future discussions. Officially, the vote was 6 to 1 against changing the master plan to allow gaming in the area; however, nearly all of the council members seemed to be (or in fact stated they were) 'on the fence' when reaching their conclusion.
Such nothing news results in such a dramatic response in the stock? Methinks opportunities are made from 'stuff' such as this... albeit not necessarily this one.
The City Council members, including the Mayor, all expressed their desire to gather additional information and hold more public discussions on the issue. No timetable was given on future discussions. Officially, the vote was 6 to 1 against changing the master plan to allow gaming in the area; however, nearly all of the council members seemed to be (or in fact stated they were) 'on the fence' when reaching their conclusion.
Such nothing news results in such a dramatic response in the stock? Methinks opportunities are made from 'stuff' such as this... albeit not necessarily this one.
posted by David M Gordon | 6:44 AM
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