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Previous: VAN KAMPEN AMERICAN CAPITAL EQUITY OPPORTUNITY TRUST SER 13, S-6EL24/A, 1995-05-17 |
Next: PRICE/COSTCO INC, S-3, 1995-05-17 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
CASINO & CREDIT SERVICES, INC.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
147574107
(CUSIP Number)
Daniel R. Tisch
WTG & CO., L.P.
500 Park Avenue
New York, New York 10022
(212) 935-7640
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 11, 1995
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject
of this Schedule 13D, and is filing this schedule because of
Rule 13d-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the
statement / /. (A fee is not required only if the report-
ing person: (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership
of five percent or less of such class.) (See Rule 13d-7.)
(Page 1 of 8 Pages)<PAGE>
CUSIP NO. 147574107 13D Page 2 of 8 Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
WTG & Co., L.P.
2. Check the Appropriate Box if a Member of a Group
(a)
(b) X
3. SEC Use Only
4. Source of Funds
AF
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
Delaware
Number of 7. Sole Voting Power
Shares
Beneficially 8. Shared Voting Power
Owned by None
Each Reporting 9. Sole Dispositive Power
Person With
10. Shared Dispositive Power
None
11. Aggregate Amount Beneficially Owned by Each Reporting
Person
None
12. Check if the Aggregate Amount in Row (11)
Excludes Certain Shares
13. Percent of Class Represented by Amount in Row (11)
0.0%
14. Type of Reporting Person
PN
<PAGE>
CUSIP NO. 147574107 13D Page 3 of 8 Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
D. Tisch & Co., Inc.
2. Check the Appropriate Box if a Member of a Group
(a)
(b) X
3. SEC Use Only
4. Source of Funds
AF
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
Delaware
Number of 7. Sole Voting Power
Shares
Beneficially 8. Shared Voting Power
Owned by None
Each Reporting 9. Sole Dispositive Power
Person With
10. Shared Dispositive Power
None
11. Aggregate Amount Beneficially Owned by Each Reporting
Person
None
12. Check if the Aggregate Amount in Row (11) Excludes Cer-
tain Shares
13. Percent of Class Represented by Amount in Row (11)
0.0%
14. Type of Reporting Person
CO
<PAGE>
CUSIP NO. 147574107 13D Page 4 of 8 Pages
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Daniel R. Tisch
2. Check the Appropriate Box if a Member of a Group
(a)
(b) X
3. SEC Use Only
4. Source of Funds
AF
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
United States
Number of 7. Sole Voting Power
Shares
Beneficially 8. Shared Voting Power
Owned by None
Each Reporting 9. Sole Dispositive Power
Person With
10. Shared Dispositive Power
None
11. Aggregate Amount Beneficially Owned by Each Reporting
Person
None
12. Check if the Aggregate Amount in Row (11)
Excludes Certain Shares
13. Percent of Class Represented by Amount in Row (11)
0.0%
14. Type of Reporting Person
IN
<PAGE>
This Amendment No. 2 amends the Schedule 13D dated
November 23, 1994 (as previously amended, the "Schedule 13D")
filed by WTG & Co., L.P. ("WTG"), D. Tisch & Co., Inc. ("D.
Tisch & Co."), and Daniel R. Tisch relating to their benefi-
cial ownership of Common Stock, par value $0.001 per share
(the "Shares"), of Casino & Credit Services, Inc., a Delaware
corporation (the "Company"). All capitalized terms not
otherwise defined herein shall have the meanings ascribed
thereto in the Schedule 13D.
1. The information set forth under Item 2(b) in
the Schedule 13D is hereby amended and supplemented by adding
the following thereto:
The address of the principal business offices
of each of the Reporting Persons is 500 Park Avenue, New
York, New York 10022.
2. The information set forth in Item 5(a) of the
Schedule 13D is hereby amended and supplemented by adding the
following thereto:
According to a press release issued by the
Company and dated May 11, 1995, the merger (the
"Merger") of the Company with and into Hospitality
Franchise Systems, Inc. ("HFS"), was consummated on May
11, 1995. Pursuant to the Merger the 306,900 Shares
held at such date by Mentor were converted into the
(Page 5 of 8 Pages)<PAGE>
right to receive 90,228 shares of Common Stock, par
value $0.01 per share, of HFS (the "HFS Common Stock"),
and cash consideration payable pursuant to the Merger.
The 90,228 shares of HFS Common Stock received by Mentor
pursuant to the Merger equals less than 5.0% of the
shares of HFS Common Stock expected to be outstanding
following the effective time of the Merger (based on
information reported in the Company's Proxy Statement
dated April 10, 1995 and filed with the Securities and
Exchange Commission (the "Commission")).
Additionally, immediately prior to the Merger,
the Company distributed (the "Distribution") to holders
of Shares, on a pro rata basis, shares of Common Stock,
par value $0.01 per share (the "CRW Common Stock"), of
CRW Financial, Inc. ("CRW"). As a result of the
Distribution Mentor beneficially owns 61,380 shares of
CRW Common Stock which equals approximately 7.0% of the
shares of CRW Common Stock outstanding following the
effective time of the Distribution (based on information
reported in CRW's Form S-1 Registration Statement dated
April 10, 1995 and filed with the Commission). The
beneficial ownership by Mentor and the Reporting Persons
of the CRW Common Stock is reflected in a separate
filing made by the Reporting Persons on Schedule 13D
with the Commission which is dated the date hereof.
(Page 6 of 8 Pages)<PAGE>
3. The Schedule 13D is hereby amended by adding
to Item 5(c) thereof the following:
Except in accordance with the Merger as
described in paragraph 2 above, no transactions in the Shares
have been effected since the most recent filing on Schedule
13D by Mentor or by any of the Reporting Persons.
4. The Schedule 13D is hereby amended by adding
to Item 5(e) thereof the following:
The Reporting Persons and Mentor ceased to be
the beneficial owner of more than five percent of the
Shares on May 10, 1995 upon consummation of the Merger.
(Page 7 of 8 Pages)<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our
knowledge and belief, the undersigned certify that the in-
formation set forth in this statement is true, complete and
correct.
Dated: May 17, 1995
WTG & CO., L.P.
By:/s/ Daniel R. Tisch
Daniel R. Tisch
Managing Director
D. TISCH & CO., INC.
By:/s/ Daniel R. Tisch
Daniel R. Tisch
President
/s/ Daniel R. Tisch
Daniel R. Tisch
(Page 8 of 8 Pages)
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