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 December 31, 1998
PART I
REGISTRANT INFORMATION
NEVSTAR GAMING & ENTERTAINMENT CORPORATION
Exact name of small business issuer as specified in its charter
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 Form 10-QSB for the three month period ended December 31, 1998, will
be filed on or before 5 calendar days after the original due date of the 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 is seeking additional qualified accounting persons
for employment by the Company in its Mesquite, Nevada and Las Vegas, Nevada
accounting departments, including a controller. The Registrant cannot file its
Form 10-QSB for the three month period ended December 31, 1998 by February
16, 1999 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 incurrred development-stage losses of $1,651,000 related to
its pre-opening activities during the six month period ended December 31,
1997. The Company's newly constructed initial property, the Mesquite Star
Hotel & Casino in Mesquite, Nevada ("Mesquite Star"), opened for business on
July 1, 1998 and had not stabilized at December 31, 1998. The Company's losses
during the quarter ended September 30, 1998, were $1,686,000 which included
the charge-off during the quarter 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. Losses during the
quarter ended December 31, 1998, are estimated to be about the same or
slightly higher than the preceding quarter.
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: February 16, 1999 By // Brent E. Duncan
Brent E. Duncan,
Chief Financial Officer and Treasurer
