April 23, 1993 |
Riverboat Casino: Irvine-based Excalibur Holding Corp. said Thursday that it has signed a letter of intent for a joint venture with Bally Manufacturing Corp. The project involves leasing property in Tunicia, Miss., purchasing a riverboat and converting it into 25,000- to 30,000-square-foot dockside casino. Bally would be the controlling partner in the Tunica casino, which could open by the end of this year.
March 10, 1993 |
Excalibur Holding Corp., owner of a racetrack and video lottery complex in West Virginia, said Tuesday that it plans a new venture to develop a riverboat gambling facility in Tunica, Miss. The Irvine-based company would own 80% of a riverboat operation that would include 600 slot machines and 25 gaming tables. Regal Casinos Inc., an Englewood, Colo., company that has a 10-year lease on a mooring site in Tunica, would own 20% of the operation.
December 17, 1992 |
Excalibur Holding Corp. said Wednesday that it has completed its planned purchase of a Thoroughbred race track and gambling resort in West Virginia. Excalibur, an investment company based in Irvine, said it bought Mountaineer Park on Dec. 4, exchanging $90,909 and 551,514 shares of Excalibur's common stock for all the outstanding stock of Mountaineer Park Inc. As part of the transaction, Excalibur said, it paid $3.
August 18, 1993 |
Excalibur Holding Corp. said Tuesday that it has agreed to buy Las Vegas Entertainment Network Inc., a gaming and video production firm, for about $156 million. Under the agreement, Excalibur will pay $12 apiece for the estimated 12.5 million outstanding shares of Las Vegas Entertainment Network. Excalibur, an investor group based in Irvine, recently purchased Mountaineer Park, a harness horse racing track in Chester, W.Va., for $6.7 million.