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Non-Tech : LVEN:NASDAQ--Las Vegas Entertainment Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Alan Woinski who wrote (14)10/8/1999 12:41:00 PM
From: Spark  Respond to of 228
 
JACKPOT ENTERPRISES INC target of tender by LAS VEGAS ENTERTAINMENT NETWORK INC valued at 95 mil.
Excerpted from SC 14D1 filed on 10/08 by LAS VEGAS ENTERTAINMENT NETWORK INC:
JACKPOT ENTERPRISES INC target of tender by LAS VEGAS ENTERTAINMENT NETWORK INC valued at 95 mil.
Item 1. Security and Subject Company
(a) The name of the subject company is: JACKPOT ENTERPRISES, INC. The
address of its principal executive offices is:
1110 Palms Airport Drive
Las Vegas, NV 89119
(b) The exact title and the number of shares outstanding of the class of
securities being sought is: Common Stock, 8,641,000 shares.
(c) The principal market in which such securities are traded is the New
York Stock Exchange. The high and low sales prices for each quarterly
period for the past two years are as follows:
(End of item excerpt.)
Item 2. Identity and Background
The name of the person filing this statement is JACKPOT ACQUISITION CORP.,
a Nevada corporation, formed solely for the purpose of effectuating the
acquisition of JACKPOT ENTERPRISES, INC., by LAS VEGAS ENTERTAINMENT NETWORK,
INC., a Delaware corporation. JACKPOT ACQUISITION CORP. and LAS VEGAS
ENTERTAINMENT NETWORK, INC. are both located at 1801 Century Park East,
Suite 2300, Los Angeles, California 90067. JACKPOT ACQUISITION CORP. does not
operate any other business, and has not been a party to any litigation or civil
proceeding of a judicial or administrative body of competent jurisdiction, and
is not subject to any judgment, decree or final orderenjoining future violations
of, or prohibiting activities subject to, federal or state securities laws or
finding any violations of such laws.
(End of item excerpt.)
Item 4. Source and Amount of Funds or Other Consideration
The source of funds to be used to finance the purchase of securities for
which the tender offer is being made is set forth in the Investment Agreement
attached to this Schedule and by this reference included herein as though set
forth in full hereat.

(End of item excerpt.)
Item 5. Purpose of the Tender Offer and Plans or Proposals of the Bidder
The purpose of the Tender Offer is to acquire the subject company as a
going business. The bidder proposes to maintain the business as presently
constituted, and has no extraordinary corporate transactions planned; nor does
it contemplate a sale of a material amount of assets of the subject company or
any of its subsidiaries. The present Board of Directors and management will be
reviewed with the intent to retain as many of the present personnel as
possible. No changes in capitalization or dividend policy are presently
contemplated, nor are any changes in the subject company's corporate structure
of business, or stock exchange listing presently contemplated. The bidder does
not intend to terminate any registration of equity securities pursuant to
section 12(g)(4) of the Act.
(End of item excerpt.)
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LAS VEGAS ENTMT NTWK - LVEN
Price 6 1/16
Net Change +2 7/16
Volume (000) 817
Day High 9 1/8
Day Low 3 23/32

as of
10/08/99 12:32 PM EDT

Only $9.99 per trade.



More Info

LVEN




To: Alan Woinski who wrote (14)10/8/1999 1:31:00 PM
From: John J. O`Reilly  Read Replies (1) | Respond to of 228
 
Hello Alan,

No, I have never been connected with Jackpot. I know who you are as I subscribe to Casino Player and Slots. Also have read your post over on P classic before they put the lights out and posted to you there a few times. Funny I was thinking of you this week in regard to LVEN wondering if you were following the story. I read the LV Sun every day online to keep up with the casino news. Bought in yesterday under 3 and was going to buy some more at 4 but it was 4 1/4 and figured I would wait for a pull back. Well, there is an old wall st saying, "Better to catch an express train than wait for the next local."

Best Regards,
JohnnyO