Alpha Hospitality's Mohawk Management Affiliate Reviewing Casino Project Activities.Business Editors NEW YORK--(BUSINESS WIRE)--April 24, 2000 Alpha Hospitality Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on - ALHY ALHY Alpha Hospitality Corporation (stock symbol; previously ALH) ; BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). - ALH; WARRANTS: OTCBB OTCBB See OTC Bulletin Board (OTCBB). - ALHYW; BSE - ALHW) (the "Company") announced today that the Company, through press accounts and other sources, has been made aware of a purported agreement between the St. Regis Mohawk Tribe (the "Tribe") and Park Place Entertainment, concerning management of certain casino projects in New York State. The purported agreement between the Tribe and Park Place Entertainment was reported in an article appearing in the Saturday, April 22, 2000, edition of The New York Times. An Alpha spokesman commented, "Mohawk Management L.L.C. and Catskill Development, LLC are reviewing the situation and have requested copies of all agreements between the Tribe and Park Place Entertainment in order to determine the impact, if any, of such agreement(s) upon the Monticello project and the actions that should be taken to protect the interest of Mohawk Management, Catskill Development and The Tribe." Alpha participates in the Monticello project through its previously disclosed interest in Mohawk Management, L.L.C. To the extent the content of this press release includes forward-looking statements, they involve risks and uncertainties that are described from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company wishes to caution readers not to place undue reliance on such forward-looking statements, which statements are made pursuant to the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1994, and as such, speak only as of the date made. This release, and prior releases are available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations Worldwide Website at www.kcsa.com. |
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