Butler National Corporation Plans to Open Boot Hill Casino and Resort in Dodge City, Kansas in December 2009
Posted on: Friday, 8 May 2009, 09:20 CDT
Pictures of the construction progress have been placed on the Butler National website at www.butlernational.com showing enclosure of the casino facility.
The facility is being developed under an agreement to lease a build-to-suit, turn-key casino in northwest
BNSC has an agreement to provide management with assistance from Navegante to its new subsidiary BHCMC, L.L.C. (BHCMC). BHCMC, a
"Based on the management structure and projections we have provided to the Kansas Lottery, we believe Boot Hill Casino and Resort will generate a rough order of magnitude value for EBITDA of approximately
"We are excited about the building progress to date. Currently, there are approximately 100 people involved with the project. We remain hopeful that any remaining roadblocks can be resolved in a timely fashion. We look forward to the opening of Boot Hill Casino and Resort and to providing an additional economic boost to the State of Kansas."
About Butler National Corporation:
Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing/Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Hawker/Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, Indian gaming services and administrative management services.
Forward-Looking Information:
The information set forth above may include "forward-looking" information as outlined in the Private Securities Litigation Reform Act of 1995. The Cautionary Statements and Risk Factors, filed by the Company as Exhibit 99 to the Company's Annual Report on Form 10-K and Section 1A of Form 10-K, are incorporated herein by reference and investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.
FOR MORE INFORMATION CONTACT:
Craig D. Stewart, Investor Relations Butler National Corporation 19920 W. 161st Street Olathe, KS 66062 Public Relations Phone: 214-498-7775 Fax: 913-780-5088 Jim Drewitz, Public Relations jim@jdcreativeoptions.com Direct Investor Relations Phone office: 830-669-2466For more information, please visit the Company web site:
SOURCE Butler National Corporation
Source: PR Newswire
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