Sunday, January 27, 2019

Jackpot Enterprises

Closeapple: found a couple of secondary sources


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'''Jackpot Enterprises, Inc.''' was an American [[slot route operator|gambling machine route operator]] and casino operator from 1980 to the late 1990s, and had its common stock listed on the [[New York Stock Exchange]] (NYSE) with the one-letter [[ticker symbol]] "J" from 1987 to 2002. It changed its business focus to become a [[dot-com company]] as '''J Net Enterprises, Inc.''' during the [[dot-com bubble]], and later became '''Epoch Holding Corporation''', owning an [[investment management]] firm.

==History==
===Gambling operations===
Jackpot Enterprises was incorporated in Nevada in June 1980 to take over two existing route operators, Cardivan Company and Corral United, Inc. From 1980 to 1995 it also came to acquire majority ownership of Corral Coin, Inc. and Corral Country Coin, Inc.<ref name="edgar-10k-19950927"> SEC Accession No. 0000351903-95-000016.</ref>

Jackpot acquired the Owl Club in [[Battle Mountain, Nevada|Battle Mountain]] on July 1, 1990 and the Nugget in downtown [[Reno, Nevada|Reno]] on June 30, 1995.<ref name="edgar-10k-19950927"/> It began its operation of the casino at [[Debbie Reynolds' Hollywood Hotel and Casino]] in [[Las Vegas, Nevada|Las Vegas]] on June 28, 1993, and of the Pony Express Casino at the [[Holiday Inn Express]] motel in [[Jackpot, Nevada]] on January 26, 1995.<ref name="edgar-10k-19950927"/>

Jackpot and President Riverboat Casinos operated a joint [[riverboat casino|dockside casino]] at [[Mhoon Landing, Mississippi]] in 1993 and 1994, but closed it on July 8, 1994. Jackpot also operated casinos in [[Deadwood, South Dakota]], but closed them on June 30, 1995.<ref name="edgar-10k-19950927"/> In February 1995, it also ended operations at Water Street Casino, Inc., which was doing business as the Post Office Casino.<ref name="edgar-10k-19950927"/>

Jackpot also had route operations at several retail store chains, including the stores owned by [[Albertson's]], [[American Stores]], [[Kmart]], [[Thrifty PayLess]], and [[Warehouse Markets]], Inc.<ref name="edgar-10k-19950927"/> These retail store route operations provided around half of Jackpot's revenue in 1995.<ref name="edgar-10k-19950927"/>

===J Net===
In each March 2000, the company suddenly shifted its primary business focus to technology-related investments, investment management, and [[dot-com business]] [[business incubator|incubation]].<ref></ref><ref name="thestreet-rolls"></ref><ref name="edgar-10k-20040928">Liquid error: wrong number of arguments (1 for 2) SEC Accession No. 0000351903-04-000050.</ref> It took a controlling stake in Meister Brothers Investments,<ref name="thestreet-rolls"/> and later in InterWorld Corporation.<ref name="edgar-10k-20040928"/>

Jackpot changed its name to J Net Enterprises, Inc., on December 6, 2000<ref>Liquid error: wrong number of arguments (1 for 2) SEC Accession No. 0000912057-01-002014.</ref> and sold off its [[slot route operator|routing operations]] around the same time.<ref>Liquid error: wrong number of arguments (1 for 2) SEC Accession No. 0000912057-01-004109.</ref>

J Net was delisted from the NYSE on May 8, 2002, and began trading on the [[Over-the-Counter Bulletin Board]] (OTCBB) with the ticker symbol "JNEI".<ref name="edgar-10k-20020930">Liquid error: wrong number of arguments (1 for 2) For the period ending 2002-06-30.</ref>

InterWorld Corporation, which was J Net's e-commerce software business and 95% owned by J Net, filed for [[Chapter 7 bankruptcy]] in May 2004.<ref name="edgar-10k-20040928"/> InterWorld had been under investigation by the [[Securities and Exchange Commission]] since March 2001, for events that occurred before J Net acquired InterWorld.<ref name="edgar-10k-20040928"/>

===Epoch===
'''Epoch Investment Partners, Inc.''' ('''EIP''') was formed as an [[investment advisor]]y firm in April 2004 by William W. Priest. J Net acquired EIP on June 4, 2004.<ref> SEC Accession No. 0000351903-04-000016.</ref>

J Net declared its intention to get out of the e-commerce and technology infrastructure businesses by June 2004 and concentrate solely on investment management and advisory service. It sold off its electronic commerce software subsidiary, IW Holdings, Inc., to IWH management in September 2004, and shut down the technology infrastructure business, leaving EIP as the only remaining business.<ref name="edgar-10k-20040928"/>

To convert itself into a [[Delaware corporation]], J Net Enterprises formed Epoch Holding Corporation on November 29, 2004, and merged itself into Epoch Holding Corporation on December 3, 2004. The new corporation was headquartered in [[New York City]].<ref>Liquid error: wrong number of arguments (1 for 2) SEC Accession No. 0000351903-04-000063.</ref>

Epoch's shares switched from over-the-counter to the [[NASDAQ Capital Market]] on October 4, 2005.<ref>Liquid error: wrong number of arguments (1 for 2) SEC Accession No. 0000351903-05-000034.</ref>

Epoch was sold to the [[Toronto-Dominion Bank]] in March 2013.<!--by giving Epoch shareholders $28.00 per share in exchange for merging with TD's subsidiary Empire Merger Sub, Inc.--><ref>Liquid error: wrong number of arguments (1 for 2)</ref> The last Epoch Holding Corporation filing with the Securities and Exchange Commission was in April 2013.<ref>Liquid error: wrong number of arguments (1 for 2) SEC Accession No. 0001193125-13-145307.</ref>

==References==


==External links==
* [http://bit.ly/2sSrNHn SEC EDGAR results for Epoch Holding Corp.]

[[Category:American companies established in 1980]]
[[Category:Gambling companies established in 1980]]
[[Category:Gambling companies disestablished in 2013]]
[[Category:Defunct companies based in Nevada]]
[[Category:Defunct companies based in New York City]]
[[Category:Dot-com bubble]]
[[Category:Gambling companies of the United States]]


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