Elsinore postpones equity offering pending improvement of market conditions.LAS VEGAS--(BUSINESS WIRE)--Dec. 13, 1994--Elsinore Corp. (ASE/PSE:ELS) Tuesday announced that the company has postponed an offering of 6 million common shares due to current market conditions. Thomas E. Martin
Thomas Ellsworth Martin (January 18, 1893 - June 27, 1971) was a United States Representative and Senator from Iowa. , president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , said: "We will continue to watch the market for the appropriate opportunity to proceed with the offering. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , we are concentrating on the opening of our two Native American casino projects, Spotlight 29 near Palm Springs, Calif., in January 1995 and 7 Cedars in Washington State in February 1995." Spotlight 29, a Class II casino situated on land of the Twenty- Nine Palms Band of Mission Indians, is expected to attract visitors from the Southern California area. 7 Cedars, a Class III casino located on the Jamestown S'Klallam reservation, is expected to attract visitors from the Seattle and Victoria, British Columbia, areas. Elsinore owns and operates the Four Queens, a downtown Las Vegas Downtown Las Vegas can have several meanings depending on how it is used. It can mean:
craps Gambling game in which each player in turn throws two dice, attempting to roll a winning combination. The term derives from a Louisiana French word, crabs, which means “losing throw. and other table games. For information on Elsinore Corp. facsimile at no cost, simply call 800/PRO-INFO and dial company code 177. CONTACT: Elsinore Corp., Las Vegas
Thomas E. Martin, 702/387-5110
James L. White, 702/387-5146
or
The Financial Relations Board Inc., Sherman Oaks, Calif.
Daniel Saks and Jody Martin, 818/783-2400 (general info)
Sue Caulton, 415/986-1591 (analysts)
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