Las Vegas Review-JournalDonrey Newspapers
Sunday, May 11, 1997

IN BRIEF

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     Boardwalk cuts
     quarterly net loss
     
     
Boardwalk Casino Inc. posted a net loss of $464,000, or 6 cents a share, for its second quarter ended March 31, compared with a net loss of $888,000, or 15 cents a share, in last year's quarter.
      Total revenues for the quarter were $10.1 million, an increase of 67 percent from the year-ago quarter. The company reported operating income for the quarter of $1.3 million, vs. $352,000 a year ago.
      Boardwalk Casino, which owns and operates a Holiday Inn franchise on the Strip, unveiled its new 370-seat buffet at the end of the quarter and expects to complete expansion of its meeting rooms in the third quarter.
     
     INAMED submits
     Nasdaq request
     
     
INAMED Corp., a medical and surgical device company with headquarters in Las Vegas, has submitted its formal request for a hearing on the company's continued listing on the Nasdaq SmallCap Market. The hearing is scheduled for June 5.
      The hearing request was necessitated by the company's failure to timely file its 1996 report on Form 10-K. The company plans to have the report completed and filed prior to the hearing date.
      INAMED continues to work with its auditors to provide information and actions necessary to close the audit and complete the annual report, including resolution of outstanding tax matters, requested management reports, detailed inventory analyses and certain legal opinions.
     
     Gallery of History
     reports income
     
     
Gallery of History Inc. of Las Vegas reported net income of $218,000 for the second quarter ending March 31, compared with an approximately equal loss in the period last year. Earnings per share were 7 cents, compared with a loss of 4 cents a year ago. Revenues increased to $1 million from $274,000.
      The company sells historical documents in stores in Las Vegas and Washington, D.C.
     
     Crown Labs adopts
     `poison pill' plan
     
     
Crown Laboratories Inc. has adopted a plan designed to protect shareholders from various abusive takeover tactics, including attempts to acquire control of the company at an inadequate price.
      The plan is designed to assure that any acquisition of the company would take place under circumstances in which the board of directors can secure the best available transaction for all of the company's stockholders.
     
     Bally's net income
     up for quarter
     
     
Bally's Grand Inc. operator of Bally's Las Vegas, reported net income of $8.3 million for the first quarter ended March 31, compared with $7.5 million from the year-ago quarter. Net income per share rose to 92 cents from 86 cents.
      Revenues for the quarter were $82.6 million, compared with $81.2 million for the 1996 quarter. Bally's noted that its Las Vegas' operations are subject to seasonal fluctuations.
     
     Latin Chamber
     releases profile
     
     
The Latin Chamber of Commerce has released "A Profile of Hispanics in the State of Nevada: An Agenda for Progress -- 1997" publication.
      Written by chamber board member Tom Rodriquez, the publication provides information about Nevada's Hispanic population in the areas of education, politics, immigration, employment and economic development. It also contains statistical information.
      Additional information about the $20 publication can be obtained from the chamber at 385-7367.
     
     Spintek issues
     $1 million in stock
     
     
Spintek Gaming Technologies Inc. has completed a Regulation S securities subscription agreement whereby 1,429 shares of the company's Series A Preferred Stock was issued to an overseas investor for $1 million.
      Spintek Gaming Technologies is a Las Vegas-based company that develops and markets proprietary gaming technology for operational coin control.


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