| Business Summary | | Black
Hawk
Gaming
&
Development
Company,
Inc.
is
an
owner,
developer
and
operator
of
two
gaming
properties
in
Black
Hawk,
Colorado,
and
an
owner
and
operator
of
one
gaming
property
in
Reno,
Nevada.
The
Company
owns
the
Gilpin
Hotel
Casino,
which
it
developed
and
has
operated
since
1992.
Along
with
its
strategic
partner,
Jacobs
Entertainment
Ltd.,
the
Company
developed
and
co-manages
The
Lodge
Casino
at
Black
Hawk,
a
hotel/casino/parking
complex
completed
in
the
second
quarter
of
1998.
The
Company
owns,
through
a
limited
liability
company,
a
75%
interest
in
The
Lodge
Casino
and
affiliates
of
Jacobs
Entertainment
own
25%.
On
January
4,
2001,
the
Company
closed
the
purchase
of
the
Gold
Dust
West
Casino
in
Reno,
Nevada,
which
it
operates
through
a
wholly
owned
Nevada
subsidiary,
Gold
Dust
West
Casino,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Black
Hawk
Gaming
and
Development
is
an
owner,
developer
and
operator
of
gaming
properties
in
Black
Hawk,
Colorado.
The
Company
owns
the
Gilpin
Hotel
Casino
and
has
a
75%
interest
in
The
Lodge
Casino.
For
the
six
months
ended
6/30/01,
revenues
rose
18%
to
$47.6
million.
Net
income
fell
56%
to
$1.5
million.
Revenues
reflect
the
acquisition
of
GDW.
Lower
income
reflects
higher
SG&A
expenses,
a
$1.1
million
privatization
charge
and
increased
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Jeffrey Jacobs, 46 Chairman
and CEO | $442K | Stephen Roark, 52 Pres,
CFO | 280K | Frank Day, 66 VP | -- | Stanley Politano, 50 VP,
Sec. and Treasurer | 126K | Dollar amounts are as of 31-Dec-1999 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
|
|