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Jackpot Enterprises Inc

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BUSINESS
October 19, 1999 | Jeff Leeds
U.S. officials suspended trading of Las Vegas Entertainment, a Los Angeles-based gaming firm that reported no annual revenue but offered to buy Jackpot Enterprises Inc. for $95 million. Las Vegas Entertainment, whose shares trade over the counter, had told the Securities and Exchange Commission it would finance the purchase with $190 million it would receive from the sale of 12.2 million new shares.
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BUSINESS
October 19, 1999 | Jeff Leeds
U.S. officials suspended trading of Las Vegas Entertainment, a Los Angeles-based gaming firm that reported no annual revenue but offered to buy Jackpot Enterprises Inc. for $95 million. Las Vegas Entertainment, whose shares trade over the counter, had told the Securities and Exchange Commission it would finance the purchase with $190 million it would receive from the sale of 12.2 million new shares.
NEWS
October 30, 1998 | Bloomberg News
Jackpot Enterprises Inc., an operator of slot machines and casinos, signed a letter of intent to buy closely held casino company CRC Holdings Inc. for about $71.3 million in stock to expand outside of Nevada. Jackpot said it expects to buy CRC, which operates as Carnival Resorts & Casinos, for about 6.49 million of its shares. Shares of Las Vegas-based Jackpot rose 13 cents to close at $11 on the NYSE. Miami-based CRC owns a 60% interest in the Casino Rouge riverboat casino in Baton Rouge, La.
NEWS
October 30, 1998 | Bloomberg News
Jackpot Enterprises Inc., an operator of slot machines and casinos, signed a letter of intent to buy closely held casino company CRC Holdings Inc. for about $71.3 million in stock to expand outside of Nevada. Jackpot said it expects to buy CRC, which operates as Carnival Resorts & Casinos, for about 6.49 million of its shares. Shares of Las Vegas-based Jackpot rose 13 cents to close at $11 on the NYSE. Miami-based CRC owns a 60% interest in the Casino Rouge riverboat casino in Baton Rouge, La.
BUSINESS
February 10, 1999
Jackpot Enterprises Inc., which operates two casinos and has slot machines at various sites in Nevada, agreed to buy Players International Inc. for about $264 million in cash and stock, giving it riverboat casinos in Illinois, Louisiana and Missouri. The company will pay $8.25 a share--$6.75 in cash and $1.50 in stock--for each share of Players, and take on about $160 million in debt.
BUSINESS
July 11, 2000
* Real estate developer Hartz Group said it hired J.P. Morgan & Co. to explore alternatives for its pet food and supplies unit, Hartz Mountain Corp., including a sale, merger or acquisition. Jackpot Enterprises Inc., a Las Vegas-based operator of slot machines that's transforming itself into an Internet investment company, agreed to sell its slot machine business to E-T-T Inc. for $45 million. E-T-T is a slot machine operator owned by Nevada's Herbst family.
BUSINESS
January 25, 1994
Players International Inc., a Calabasas-based operator of riverboat casinos, said Maryland Heights, Mo., has approved the company's bid to develop a riverboat casino in the St. Louis suburb. Players now has riverboats in Metropolis, Ill., and Lake Charles, La. In Maryland Heights it plans to operate a boat with 25,000 square feet of gambling space. Shore-side facilities would include a sports complex, retail shops, restaurants, nightclubs and other attractions.
BUSINESS
July 8, 1997 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
She played the unsinkable Molly Brown on film, but financial problems have conspired to sink Debbie Reynolds and her namesake Las Vegas hotel, which has filed for Bankruptcy Court protection. The filing comes two months after an agreement to sell the 193-room hotel for $16.8 million folded. The Debbie Reynolds Hotel, which is several hundred yards from the famed Las Vegas Strip, remains open, and Reynolds will continue to perform her nightclub act there, a spokesman for Reynolds said.
BUSINESS
January 29, 1988 | AL DELUGACH, Times Staff Writer
Laughlin, the booming Nevada gambling town on the Colorado River 90 miles south of Las Vegas, is getting another major hotel-casino. Bristol Gaming Corp. announced plans Thursday to start construction of a 900-room resort there at an estimated cost of about $90 million. The project would be the first casino for Bristol, a Las Vegas holding company. For years it has held a major stake in Jackpot Enterprises Inc.
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