UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): X Form 10-QSB
For The Quarterly Period Ended September 30, 1998
PART I
REGISTRANT INFORMATION
NEVSTAR GAMING & ENTERTAINMENT CORPORATION
Exact name of small business issuer as specified in its charter
NEVSTAR GAMING CORPORATION
Former name if applicable
313 Pilot Road, Suite B, Las Vegas, Nevada 89119
(Address of principal executive offices)
PART II
RULE 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate.)
X YES (a), (b) and (c)
(a) The reasons described in reasonable detail in PART III of this form could
not be eliminated without unreasonable effort or expense;
(b) The subject quarterly, Form 10-QSB for the three month period ended,
September 30, 1998, or portion thereof, will be filed on or
before 5 calendar days after the original due date of the transition Form
10-QSB.
(c) The accountant's statement or other exhibit required by Rule 12b-25c has
been attached if applicable.
PART III
NARRATIVE
The Registrant's management has been working on a number of time-sensitive and
important matters, including, but not limited to, operating and financing
strategies relating to the opening of its initial hotel/casino the Mesquite
Star Hotel & Casino in Mesquite, Nevada on July 1, 1998. The Registrant is
currently conducting a search for an accountant experienced in the hotel and
casino industry for the Mesquite Star operation. The Registrant cannot
file its Form 10-QSB for the three month period ended September 30, 1998
by November 16, 1998 without unreasonable effort and expense.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Mr. Brent Duncan (702) 269-1325
(Name) (Area Code and Telephone number)
(2)Have all other periodic reports required under section 13 or 15(d) of the
Securities Exchange Act of 1934 or section 30 of the Investment Company act of
1940 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports)been filed? If answer is no,
identify report(s). X YES NO
(3)Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in subject report or portion thereof?
YES X NO
Note: The Company continued to incur pre-opening losses related to its
development activities through the six month period ended June 30, 1998. The
Company's newly constructed initial property, the Mesquite Star Hotel & Casino
in Mesquite, Nevada ("Mesquite Star"), opened for business on July 1, 1998.
The Company's losses during the quarter ended September 30, 1998, which was
the first quarter of operations of the Mesquite Star, may be approximately
$500,000 greater than the quarter ended September 30, 1997 when the Company
was in the development-stage, in part due to the charge-off during the
quarter ended September 30, 1998 of commitment fees related to financing,
and a severance pay accrual arising in connection with the resignation of
the Company's former President and Chief Operating Officer.
NEVSTAR GAMING & ENTERTAINMENT CORPORATION
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: November 16, 1998 By // Brent E. Duncan
Brent E. Duncan,
Chief Financial Officer and Treasurer
