| Business Summary | | Alpha
Hospitality
Corporation
was
engaged
in
the
ownership
and
operation
of
a
gaming
vessel
in
Greenville,
Mississippi,
and
the
construction
of
an
adjacent
hotel.
In
March
1998,
the
Company
sold
substantially
all
of
these
assets
to
Greenville
Casino
Partners,
L.P.
(GCP).
Included
in
the
consideration,
the
Company
received
a
25%
limited
partnership
interest
in
GCP,
whose
assets
include
an
additional
casino
and
hotel
located
in
Greenville,
Mississippi.
In
October
2000,
the
Company
became
a
75%
member
of
Alpha
Florida
Entertainment,
L.L.C.
(Alpha
Florida
LLC).
In
November
2000,
Alpha
Florida
LLC
launched
its
gaming
day
cruise
vessel
operations
out
of
Miami-Dade
County's
Haulover
Beach
Park
and
Marina
adjacent
to
Bal
Harbour,
Florida.
In
addition,
the
Company
is
pursuing
additional
gaming-related
and
other
opportunities
through
its
other
wholly
owned
subsidiaries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Alpha
Hospitality
Corp.
operates
as
a
holding
company
and
a
vehicle
to
effect
acquisitions.
The
Company
is
currently
pursuing
gaming-related
and
other
opportunities
through
its
subsidiaries.
For
the
six
months
ended
6/30/01,
revenues
rose
from
$55
thousand
to
$2.3
million.
Net
loss
rose
13%
to
$5.2
million.
Results
reflect
the
opening
of
Ella
Star
casino,
offset
by
increased
advertising,
marketing,
vessel,
equipment
and
depreciation
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Stanley Tollman, 70 Chairman,
Pres, CEO | -- | Brett Tollman, 39 VP,
Director | -- | Thomas Aro, 58 VP,
Sec., Director | $206K | Robert Steenhuisen, 43 Chief
Accountant, Assistant Sec. | -- | Craig Kendziera, 46 Treasurer | -- | Dollar
amounts are as of 31-Dec-2000 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
|
|