U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING SEC FILE NUMBER 0-19196
CUSIP NUMBER
150924504
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [x] Form 10-Q and
Form 10-QSB [ ] Form N-SAR
For Period Ended: 06/30/99
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
Read Attached Instruction Sheet Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
Part I--Registrant Information
Full Name of Registrant: Celebrity Entertainment, Inc.
Former Name if Applicable: Celebrity Resorts, Inc.
Address of Principal Executive Office (Street and Number): 214 Brazilian Ave.,
Suite 400
City, State and Zip Code: Palm Beach, FL 33480
Part II--Rules 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 ] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[ x ] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on
or
before the fifteenth calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date; and
[ ] (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
Part III--Narrative
State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period.
Information for details of financial statements were available, however
technical
problems were encountered in the electronic filing process with Edgar.
(Attach Extra Sheets if Needed)
Part IV--Other Information
(1) Name and telephone number of person to contact in regard to this
notification:
J. William Metzger (561) 659-3832
(Name) (Area Code) (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 report(s) been filed? If the 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 the subject report or portion thereof?
[x] Yes [ ] No
If so: attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable
estimate
of the results cannot be made.
[See quantitative changes and narrative explanation described below.]
The Registrant will report revenues of approximately $22,228 for the six-
month period ended June 30, 1999, representing a decrease of $141,554
when compared with the same period last year. The decrease is principally
due to the sale of the resort property. Net loss for the first six months
of 1999 was approximately $36,194, which represents a decrease of
approximately $598,010 in loss for the same period of 1998. The decrease in
the amount of loss is due principally to reduced expenses in connection with
the
Registrant's overhead and the sale in 1998 of its resort property.
Celebrity Entertainment, Inc.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: August 17, 1999 By: /s/ J. William Metzger
J. William Metzger, Executive Vice President
INSTRUCTION: The form may be signed by an executive officer of the registrant
or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.
