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Home > Company Index > Leisure > Gambling Resorts & Casinos > Alpha Hospitality Corporation

Alpha Hospitality Corporation
Nasdaq (SC): ALHY
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 PROFILE
Alpha Hospitality is hoping it'll get dealt a better hand next time. The company sold its Bayou Caddy's Jubilee Casino and adjacent hotel on the Mississippi Gulf Coast in 1998 to Greenville Casino Partners for a 25% stake in the company. Its deal to run a Native American casino in Monticello, New York, with the St. Regis Mohawk Tribe fell apart unexpectedly in 2000 (lawsuits are proceeding), but the company launched a gaming day-cruise operation in Bal Harbour, Florida, later that year. Alpha Hospitality has abandoned a plan to buy two Georgia home construction firms. Chairman, president, and CEO Stanley Tollman and his family own about 15% of the company and control another 50% through Bryanston Group.

 COMPETITION
Harrah's Entertainment, Inc. (HET)
Isle of Capri Casinos, Inc. (ISLE)
Royal Caribbean Cruises Ltd. (RCL)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 0.90
1-Yr. Sales Growth: 350.0%
Employees: 118
Revenue per employee: $7,627.12

 KEY PEOPLE
• Stanley S. Tollman
    CEO

 CONTACT INFO
12 E. 49th St.
New York, NY 10017
US
Phone: 212-750-3500
Fax: 212-750-3508

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