Monarch Casino & Resort Starts Expansion

Monarch Casino & Resort said Wednesdayit broke ground on its hotel tower and casino expansion at Monarch Casino Black Hawk in Black Hawk, Colorado to transform the property into a full scale, amenity-rich casino resort spa destination. Shares drifted slightly lower intraday.

The new hotel tower and casino expansion will nearly double the approximately 30,000 existing square feet of casino space and add a 23-story hotel tower with approximately 500 guest rooms and suites, among other things, according to a company statement. The new facilities will open in phases as stages of construction are completed.

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