<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Dover Downs Entertainment, Inc.
- ------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- ------------------------------------------------------------------------------
(Title of Class of Securities)
260086103
- ------------------------------------------------------------------------------
(CUSIP Number)
February 28, 1998
- ------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ x ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP No. 260086103 Page 1 of 9 pages
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of above
persons
PNC Bank Corp. 25-1435979
2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [ ]
b) [ ]
3) SEC USE ONLY
4) Citizenship or Place of Organization Pennsylvania
Number of Shares 5) Sole Voting Power 347,225
Beneficially Owned
By Each Reporting
Person With 6) Shared Voting Power 0
7) Sole Dispositive Power 347,000
8) Shared Dispositive Power 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person 347,225
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9) 11.6
12) Type of Reporting Person (See Instructions) HC
<PAGE> 2
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Dover Downs Entertainment, Inc.
- ------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- ------------------------------------------------------------------------------
(Title of Class of Securities)
260086103
- ------------------------------------------------------------------------------
(CUSIP Number)
February 28, 1998
- ------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ x ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP No. 260086103 Page 2 of 9 pages
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of
above persons
PNC Bancorp, Inc. 51-0326854
2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [ ]
b) [ ]
3) SEC USE ONLY
4) Citizenship or Place of Organization Delaware
Number of Shares 5) Sole Voting Power 347,225
Beneficially Owned
By Each Reporting
Person With 6) Shared Voting Power 0
7) Sole Dispositive Power 347,200
8) Shared Dispositive Power 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person 347,225
10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9) 11.6
12) Type of Reporting Person (See Instructions) HC
<PAGE> 3
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Dover Downs Entertainment, Inc.
- ------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- ------------------------------------------------------------------------------
(Title of Class of Securities)
260086103
- ------------------------------------------------------------------------------
(CUSIP Number)
February 28, 1998
- ------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ x ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP No. 260086103 Page 3 of 9 pages
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of above
persons
PNC Bank, National Association 22-1146300
2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [ ]
b) [ ]
3) SEC USE ONLY
4) Citizenship or Place of Organization
Number of Shares 5) Sole Voting Power 347,225
Beneficially Owned
By Each Reporting
Person With 6) Shared Voting Power 0
7) Sole Dispositive Power 347,000
8) Shared Dispositive Power 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person 347,225
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9) 11.6
12) Type of Reporting Person (See Instructions) BK
<PAGE> 4
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Dover Downs Entertainment, Inc.
- ------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- ------------------------------------------------------------------------------
(Title of Class of Securities)
260086103
- ------------------------------------------------------------------------------
(CUSIP Number)
February 28, 1998
- ------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ x ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP No. 260086103 Page 4 of 9 pages
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of above
persons
BlackRock, Inc. 23-2784752
2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [ ]
b) [ ]
3) SEC USE ONLY
4) Citizenship or Place of Organization Delaware
Number of Shares 5) Sole Voting Power 347,000
Beneficially Owned
By Each Reporting
Person With 6) Shared Voting Power 0
7) Sole Dispositive Power 347,000
8) Shared Dispositive Power 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person 347,000
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9) 11.6
12) Type of Reporting Person (See Instructions) IA
<PAGE> 5
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Dover Downs Entertainment, Inc.
- ------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- ------------------------------------------------------------------------------
(Title of Class of Securities)
260086103
- ------------------------------------------------------------------------------
(CUSIP Number)
February 28, 1998
- ------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ x ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP No. 260086103 Page 5 of 9 pages
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of above
persons
PNC Equity Advisors Company 23-2784750
2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [ ]
b) [ ]
3) SEC USE ONLY
4) Citizenship or Place of Organization Delaware
Number of Shares 5) Sole Voting Power 347,000
Beneficially Owned
By Each Reporting
Person With 6) Shared Voting Power 0
7) Sole Dispositive Power 347,000
8) Shared Dispositive Power 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person 347,000
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
11) Percent of Class Represented by Amount in Row (9) 11.6
12) Type of Reporting Person (See Instructions) IA
<PAGE> 6
ITEM 1(a) - NAME OF ISSUER:
Dover Downs Entertainment, Inc.
ITEM 1(b) - ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1131 North DuPont Hwy.
Dover, DE 19901
ITEM 2(a) - NAME OF PERSON FILING:
PNC Bank Corp.; PNC Bancorp, Inc.; PNC Bank, National Association; BlackRock,
Inc.; and PNC Equity Advisors Company
ITEM 2(b) - ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE, RESIDENCE:
PNC Bank Corp., One PNC Plaza, 249 5th Avenue, Pittsburgh, PA 15222-2707
PNC Bancorp, Inc., 222 Delaware Avenue, Wilmington, DE 19899
PNC Bank, National Association, One PNC Plaza, 249 Fifth Avenue, Pittsburgh, PA
15222-2707
BlackRock, Inc., 1600 Market Street, 28th Floor,
Philadelphia, PA 19103
PNC Equity Advisors Company, 1600 Market Street, 27th Floor,
Philadelphia, PA 19103
ITEM 2(c) - CITIZENSHIP:
PNC Bank Corp. - Pennsylvania
PNC Bancorp, Inc. - Delaware
PNC Bank, National Association - United States
BlackRock, Inc. - Delaware
PNC Equity Advisors Company - Delaware
ITEM 2(d) - TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e) - CUSIP NUMBER:
260086103
<PAGE> 7
ITEM 3 - IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), or 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the Act
(15 U.S.C. 78c).
(b) [ X ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act.
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act.
(e) [ X ] An investment adviser in accordance with
Section 240.13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in accordance with
Section 240.13(d)-1(b)(1)(ii)(F).
(g) [ X ] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from the definition of an investment
company under Section 3(c)(4) of the Investment Company Act of
1940 (15 U.S.C. 80a-3).
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Section 240.13(d)-1(c), check
this box [ ].
ITEM 4 - OWNERSHIP:
The following information is as of February 28, 1998:
(a) Amount Beneficially Owned: 347,225 shares
(b) Percent of Class: 11.6
(c) Number of shares to which such person has:
(i) sole power to vote or to direct the vote 347,225
(ii) shared power to vote or to direct the vote 0
(iii) sole power to dispose or to direct the disposition of 347,000
(iv) shared power to dispose or to direct the disposition of 0
<PAGE> 8
ITEM 5 - OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable.
ITEM 6 - OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not applicable.
ITEM 7 - IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Included are the following subsidiaries of PNC Bank Corp. - HC:
PNC Bancorp, Inc. - HC (wholly owned subsidiary of PNC Bank Corp.)
PNC Bank, National Association - BK (wholly owned subsidiary of PNC Bancorp
Inc.)
BlackRock, Inc. - IA (wholly owned subsidiary of
PNC Bank, National Association)
PNC Equity Advisors Company - IA (wholly owned subsidiary of
BlackRock, Inc.)
ITEM 8 - IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9 - NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10 - CERTIFICATION.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such securities
and were not acquired and are not held in connection with or as a participant in
any transaction having such purposes or effect.
<PAGE> 9
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
March 10, 1998
---------------------------------------------
Date
/s/ ROBERT L. HAUNSCHILD
---------------------------------------------
Signature - PNC Bank Corp.
Robert L. Haunschild, Senior Vice President
and Chief Financial Officer
---------------------------------------------
Name/Title
March 10, 1998
---------------------------------------------
Date
/s/ PAUL L. AUDET
---------------------------------------------
Signature - PNC Bancorp, Inc.
Paul L. Audet, Vice President
---------------------------------------------
Name/Title
March 10, 1998
---------------------------------------------
Date
/s/ THOMAS R. MOORE
---------------------------------------------
Signature - PNC Bank, National Association
Thomas R. Moore, Vice President and Secretary
---------------------------------------------
Name/Title
March 10, 1998
---------------------------------------------
Date
/s/ SUSAN L. WAGNER
---------------------------------------------
Signature - BlackRock, Inc.
SUSAN L. WAGNER, Chief Financial Officer
---------------------------------------------
Name/Title
March 10, 1998
---------------------------------------------
Date
/s/ ERNEST E. CECILIA
---------------------------------------------
Signature - PNC Equity Advisors Company
Ernest E. Cecilia, President
---------------------------------------------
Name/Title
