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 November 21, 2000
(Date of Earliest Event Reported)
JACKPOT ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
Commission File No. 1-9728
Nevada 88-0169922
________________________ ____________________________________
(State of Incorporation) (I.R.S. Employer Identification No.)
8750 N. Central Expressway, #600
Dallas, Texas 75231
_________________________________ __________
(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including area code: (214) 696-8830
1110 Palms Airport Drive
Las Vegas, Nevada 89119
_____________________________________________________________
(Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets
_______ ____________________________________
On July 8, 2000, Jackpot Enterprises, Inc. ("Jackpot" or the
"Company") entered into a definitive agreement to dispose of its gaming
machine route operations segment (the "Route Operations") for $45 million
in cash to E-T-T, Inc. ("E-T-T" or the "Purchaser"). On October 30, 2000,
the Company agreed to a conditional modification of the agreement due to
issues relating to the Purchaser's financing. The modification reduced the
net after-tax cash proceeds from the sale by approximately $4.5 million.
On November 21, 2000, the Company closed the sale of the Route Operations
on the revised terms.
Item 7. Financial Statements, Pro Forma Financial Information and
_______ _________________________________________________________
Exhibits.
_________
(b) Pro Forma Financial Information.
The Pro forma financial information relating to the transaction
described in Item 2 has not been included herein. The effects of the
operations sold have already been reflected in the historical financial
statements of the Company as discontinued operations as reported on Form
10-K for the year ended June 30, 2000 and Form 10-Q for the three months
ended September 30, 2000.
(c) Exhibits.
1. Stock Purchase Agreement dated July 8, 2000 between Jackpot
Enterprises, Inc. and E-T-T, Inc. (1)
2. Modification Letter dated October 30, 2000 between Jackpot
Enterprises, Inc. and E-T-T, Inc. (2)
_________________________________________
(1) Incorporated by reference to the Company's Annual Report on Form 10-K
for the fiscal year ended June 30, 2000.
(2) Incorporated by reference to the Company's Quarterly Report on Form
10-Q for the quarter ended September 30, 2000.
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.
JACKPOT ENTERPRISES, INC.
By: /s/ Mark W. Hobbs
________________________
Name: Mark W. Hobbs
Title: President
Dated: November 30, 2000
