PitBOSS
Completes Acquisition
PitBOSS Entertainment,
Inc. today announced the company has completed
a controlling interest asset and shareholder
acquisition with AAA Builders & Partnership
and trust represented by Michael Lieberman Esq.
for controlling interest in a Colorado Casino.
PitBOSS Entertainment, Inc. will begin
its landmark land-based casino birth into the
Colorado gaming market with other successful
casino operations, such as Isle of Capri casino,
Riviera Casino and Mardi Gras casino. The company
plans to brand the new venture under the Lucky
Summit name.
Gambling Magazine reported in November 2000:
"Ten years after winning approval, limited-stakes
gambling in Colorado has become a $10 billion-per-year
game. The enormous amount of money being wagered
in Black Hawk, Central City and Cripple Creek
has surpassed everyone's wildest expectations,
state gaming regulators say. And the potential
for huge casino profits is transforming the
Colorado casino business from small local companies
to giant corporate players. Flocking to giant
new casinos such as Riviera, Mardi Gras and
Isle of Capri, Colorado gamblers poured $10.3
billion into the state's 14,500 slot machines
in the fiscal year that ended June 30. They
purchased another $90.5 million in chips for
blackjack and poker games. After jackpots and
payouts and other expenses, the casinos pocketed
a handsome $595 million in profits in the same
fiscal year."
"Our main goal will be to rework the casino
to a Las Vegas look with Texas themed flair,
in our opinion most Colorado based casinos have
concentrated on slot games, our company's goal
will be to focus on table games with an emphasis
on Texas Hold'EM and great Texas BBQ,"
said John D. Jarvis. "While embarking on
our land-based casino introduction we hope this
will be the first of many acquisitions to be
made in the casino industry for our company
and shareholders."
Part of the company's process to insure the
success of it's new casino venture roll-out
plan is to infuse a portion of its $25 million
in television, radio and print advertising assets.
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