An Olathe-based public company raised its stake in Boot Hill Casino & Resort in Dodge City, Kan. BHCMC LLC, a gaming management subsidiary of Butler National Corp. (OTC: BUKS), executed a lease buy-out option for the casino’s land and building. The company exercised a $41.25 million option to to purchase the property from BHC Development LLC, according to a release. “We have worked diligently to reach our goal of owning the Boot Hill Casino land and buildings,” Butler National CEO Clark Stewart said in the release. “We appreciate our business partners who in 2008 offered the build-to-suit lease with the option to purchase when no conventional financing existed.”
Source: Kansas City Business Journal – The Business Journals
