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TUNICA, MS-Myriad Entertainment & Resorts Inc. has amended its May agreement to acquire more than 500 acres from members of the Jack Day Perry Sr. family. As GlobeSt.com previously reported, Myriad wants the land to develop the $1.3-billion Myriad Botanical Resort.

Myriad’s acquisition contract with the local family for property at Perry and Indian Mound roads calls for cash, shares of Myriad’s restricted common stock and a percentage of the gaming revenue. According to a release from Myriad, the agreement was amended to provide an increase in the cash purchase price, and a 60-day extension on the closing date, pushing closing date to Oct. 1. Myriad originally was scheduled to close the land deal Aug. 1. The actual cash price for the land is not available. In this morning’s press release, Myriad executives have said the amendments reflect their continued discussions with funding partners.

Myriad Botanical Resort is planned as a mixed-use project with casinos, a hotel, a convention and expo center and additional entertainment and dining venues. The developer already has the necessary approvals in hand for the resort. Through its wholly owned subsidiary, MER Resorts Inc., the Memphis-based Myriad owns 99% interest in Myriad World Resorts of Tunica LLC. Myriad could not be reached by press time.

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