| Business Summary | | Las
Vegas
Entertainment
Network,
Inc.
(LVEN)
is
engaged
in
the
business
of
acquiring,
developing
and
operating
media
and
gaming
facilities
including
real
estate
redevelopment.
LVEN
is
actively
seeking
other
investments
and
acquisitions
and
currently
has
several
projects
under
consideration,
which
are
subject
to
further
due-diligence
and
analysis.
These
investments
may
include
acquiring
interests
in
communication
companies,
casinos,
hotels
or
other
ancillary
businesses
in
the
gaming
industry. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Las
Vegas
Entertainment
Network
aquires,
develops
and
operates
media
and
gaming
facilities
including
real
estate
redevelopment.
For
the
nine
months
ended
7/31/99,
the
Company
reports
no
revenues.
Net
loss
rose
60%
to
$5.3
million.
Results
reflect
the
inclusion
of
a
$2.4
million
charge
related
to
the
expiration
of
the
Company's
rights
in
accordance
with
the
Settlement
Agreement
with
ITB,
in
which
all
ITB
shares
were
returned
for
cancellation. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| Joseph Corazzi, 49 Chairman,
Pres and CEO | $674K | Carl Sambus, 48 CFO,
Chief Operating Officer, Sec. and Treasurer | 127K | Dollar
amounts are as of 31-Oct-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|