| Business Summary | | American
Wagering,
Inc.,
was
formed
as
the
holding
Company
for
Leroy's
Horse
and
Sports
Place
(Leroy's)
and
Leroy's
Hotel
Corporation
(LHC).
Leroy's,
through
a
central
computer
system
located
at
the
Company's
Las
Vegas
headquarters,
operates
a
statewide
network
of
sports
and
race
wagering
facilities
in
42
casinos.
Leroy's
offers
a
turn-key
sports
and
race
wagering
operation
that
allows
casinos
to
satisfy
their
patrons
desires
for
sports
and
race
wagering
without
bearing
the
risk
and
overhead
associated
with
running
the
operation.
The
Company
also
owns
and
operates
Mega$ports
(ACT)
Pty.
Ltd.,
located
in
Canberra,
Australia,
an
international
wagering
hub
licensed
to
accept
both
fixed
odds
and
pari-mutuel
interactive
wagers
on
the
telephone
and
Internet.
The
Company
owns
AWI
Keno,
Inc.,
which
designs,
installs,
operates
and
maintains
computerized
keno
systems
and
plans
to
offer
keno
players
a
statewide
keno
game
with
a
progressive
jackpot. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | American
Wagering,
Inc.
owns
and
operates
Leroy's
Horse
and
Sports
Place,
a
licensed
bookmaker
in
Nevada,
as
well
as
an
Internet-based
wagering
hub
and
companies
that
design,
install
and
operate
computerized
keno
and
sports
book
equipment.
For
the
three
months
ended
4/01,
revenues
fell
20%
to
$2.3
million.
Net
loss
applicable
to
Common
from
con't
operations
decreased
79%
to
$163
thousand.
Results
reflect
decreased
Systems
revenues,
offset
by
improved
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Victor Salerno, 56 Pres,
CEO | $200K | Tim Lockinger CFO,
Sec., Treasurer, Director | -- | Michael Merillat, 49 VP,
Director | -- | Dollar amounts are as of 31-Jan-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
|
|