| Nevstar Gaming Corporation | |||
| Ticker: | NVST | Executive Park West, 6897 West Charleston Boulevard | |
| Exchange: | NASDAQ-Small Cap Market | Las Vegas, NV 89117 | |
| Industry: | Service (SIC Code 7011) | (702) 228-0700 | |
| Type of Shares: | Common Shares | Filing Date: | 1/22/96 | |
| U.S. Shares: | 1,725,000 | Offer Date: | 9/19/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $4.00 - $7.00 | |
| Primary Shares: | 1,725,000 | Offer Price: | $5.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.55 | |
| Offering Amount: | $9,487,500 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Shares Out After: | 6,622,087 |
| Manager | Tier | Phone |
| H.J. Meyers & Company, Incorporated | Lead Manager | (212) 298-8942 |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $9.11 | $0.86 | $3.84 | Assets: | $7.28 |
| Net Income: | -$2.12 | -$0.38 | -$0.11 | Curr Assets: | |
| EPS: | -$0.26 | -$0.05 | -$0.01 | Liabilities: | $3.09 |
| Prior EPS: | -$0.03 | Curr Liabilities: | |||
| Cash Flow/Oper: | Equity: | $4.19 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a development stage company formed to acquire, develop, and own and manage hotel casino facilities. The company's strategy is to concentrate its efforts on "niche" markets such as local or neighborhood casinos, and where the company can be one of the early companies to enter such markets. The company's hotel/casinos will be "themed" based, which will attempt to distinguish the company's properties from its competitors. The company's initial hotel/casino project will be known as the Mesquite STar and will be located in Mesquite, Nevada. At present, the company's primary asset is a 25.2 acre property zoned for a hotel/casino commercial development in Mesquite, Nevada. Mesquite is located 80 miles from Las Vegas and 37 miles from St. George, Utah. The company has commenced construction of the Mesquite Star and upon completion of their offering, the company intends to complete construction of the Mesquite Star hotel/casino on the Mesquite Property. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay short term debt, to redeem Series A preferred stock and to complete the development of the Mesquite Star Facilities, to acquire furniture, fixtures and equipment for the Mesquite Star and for working capital and for general corporate purposes. |