LVEN:NASDAQ--Las Vegas Entertainment Inc. Message Board

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Non-Tech : LVEN:NASDAQ--Las Vegas Entertainment Inc.

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To: jay goldberg who wrote (12)	10/11/1999 1:22:00 PM
From: StockDung	Read Replies (1) of 228

that LVEN stinks,...So does Jay Goldberg Subject 29276 created by: Jay Goldberg, he did never disclose that he is in charge of LVEN: lasvegassun.com. LVEN spokesman Jay Goldberg said the company is pursuing Jackpot because of its strategic fit with slot operations that LVEN acquired in Brazil recently. The Los Angeles-based LVEN now operates 1,200 machines in Brazil, Goldberg said, and intends to expand to more than 50,000 machines. "(Jackpot) is valuable to us," Goldberg said. "We will be able to use Jackpot's back office, which is huge, to plug in and operate the whole operation." Goldberg said LVEN received $190 million in cash last month, made available through an investment agreement signed Sept. 29. LVEN today identified the investors as Fred and Kari Cruz of Las Vegas, but revealed no further information on them. Fred Cruz is listed as owner of an entity called "Countryland Wellness Internet Network Trust" in LVEN's filing today. The agreement gave the Cruzes 12.2 million shares of LVEN stock at $15.80 per share. Goldberg said LVEN has also closed a previously announced $305 million investment agreement, giving the company nearly $500 million in cash.

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