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Global Casinos Announces Closure of Doc Holliday Casino18 June 2013BOULDER, Colorado -- (PRESS RELEASE) -- Global Casinos, Inc. (otcqb:GBCS) announced today that it has closed Doc Holliday Casino located in Central City, Colorado. All operations at Doc Holliday were discontinued effective June 13, 2013. Clifford Neuman, President of Global Casinos, stated, "We have struggled with deteriorating operating results at Doc Holliday Casino for many years. A combination of the impact of the Great Recession on the gaming industry and the challenging Central City market thwarted our turnaround efforts. In the face of mounting losses and no indication that the obstacles would abate, we felt there was no choice but to discontinue operations at that location. Going forward, we will concentrate our efforts on bolstering operations at the Bull Durham Saloon and Casino, our other casino, located in Blackhawk, Colorado, and completing our previously announced split-off of gaming operations and transition to a healthcare REIT." |