UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 23, 1998
NEVSTAR GAMING & ENTERTAINMENT CORPORATION
(Exact name of Registrant as specified in charter)
Commission File Number 0-21071
Nevada 88-0309578
(State or other jurisdiction (IRS Employer Identification No.)
of incorporation or organization)
3175 West Post Road, Las Vegas, Nevada 89118
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area (702) 269-1325
None
Former Name or Former Address, If Changed Since Last Report
Item 5. Other Events
On June 23, 1998, NEVSTAR GAMING & ENTERTAINMENT CORPORATION received approval
from the Nevada Gaming Commission to commence gaming operations at its Mesquite
Star Hotel and Casino in Mesquite, Nevada. Additionally, Michael J. Signorelli,
Chairman and Chief Executive Officer, Jeffrey L. Gilbert, President and Chief
Operating Officer and Richard Tam, Director, were licensed as officers and/or
directors of the Company. The Press Release is attached hereto as Exhibit 99.1.
Item 7(C). Exhibits
99.1 Press Release dated June 23, 1998
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized, on the 23rd day of June, 1998.
NEVSTAR GAMING & ENTERTAINMENT CORPORATION
By: /s/MICHAEL J. SIGNORELLI
Michael J. Signorelli
Its: Chairman of the Board and
Chief Executive Officer
By: /s/JEFFREY L. GILBERT
Jeffrey L. Gilbert
Its: President and Chief Operating Officer
Exhibit 99.1 - Press release announcing License approval.
FOR IMMEDIATE RELEASE
NASDAQ:NVST
Contacts: Michael J. Signorelli, Chairman, CEO
Jeffrey L. Gilbert, President, COO
702-269-1325
e-mail [email protected]
http://www.nevstar.com
NevStar Gaming & Entertainment Corporation (NASDAQ:NVST)
announces licensing approval from
Nevada Gaming Commission and
schedules Mesquite Star Opening for July 1st
Mesquite, Nevada, June 23, 1998....NevStar Gaming & Entertainment Corporation
(NASDAQ:NVST) announced today that it received approval from the Nevada Gaming
Commission to commence gaming operations at its Mesquite Star Hotel and Casino
in Mesquite, Nevada. Additionally, Michael J. Signorelli, Chairman and Chief
Executive Officer, Jeffrey L. Gilbert, President and Chief Operating Officer and
Richard Tam, Director, were licensed as officers and/or directors of NevStar.
Chairman and CEO Michael Signorelli said "We are very pleased to receive these
final licenses and approvals. It has been a long journey for our company and
its shareholders since we first commenced the Mesquite Star project and we are
looking forward to opening our beautiful new hotel casino resort on July 1st,
1998". President and COO Jeffrey Gilbert added, "Construction is completed, the
interior is finished, all gaming devices are installed, guest rooms are ready
and we are definitely ready for business. The Mesquite Star will bring a new
level of excitement and gambling fun to the tri-state area of Southern Nevada,
Arizona and Utah".
The Mesquite Star has an old west theme with 210 rooms and suites under the well
known Best Western flag. The casino has 452 slot machines, traditional table
games, live Keno, Sports Book betting, buffet, coffee shop, specialty
restaurant, a cocktail lounge and live entertainment. The property boasts a
unique and extraordinary large electronic message center facing the Interstate.
The property is situated on approximately 26 acres with 3/4 mile frontage along
Interstate 15 in Mesquite, Nevada one hour northeast of Las Vegas. The property
is at the very first Nevada off ramp from the Arizona/Utah border, and the
company expects that its business will come from the local market, surrounding
areas of Nevada, Utah, Arizona, and the Interstate traveler.
NevStar is a development stage company formed for the purpose of acquiring,
developing, constructing, owning and managing hotel/casino projects.
-END-
Certain statements contained in this release are forward looking. Although
NevStar Gaming & Entertainment Corporation believes that its expectations are
based on reasonable assumptions within the bounds of its knowledge of its
business and operations, there can be no assurance that actual results will not
differ materially from its expectations. For important factors that may cause
actual results to differ materially from expectations and underlying
assumptions, see Company's prospectus dated September 18th, 1997.
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