Elsinore Corp – ‘10-K’ for 12/31/95 – EX-99

As of:  Monday, 4/1/96   ·   For:  12/31/95   ·   Accession #:  311049-96-6   ·   File #:  1-07831

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                        104±   450K 
 2: EX-21       Subsidiaries of the Registrant                         1      4K 
 3: EX-23       Consent of Experts or Counsel                          1      7K 
 4: EX-27       Financial Data Schedule (Pre-XBRL)                     1      7K 
 5: EX-99       Miscellaneous Exhibit                                  5     18K 

EX-99   —   Miscellaneous Exhibit

EX-99
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EXHIBIT 99.2                                                                    

FORM 1. VOLUNTARY PETITION              

UNITED STATES BANKRUPTCY COURT, District of Nevada                              

VOLUNTARY PETITION                                                              

IN RE: OLYMPIA GAMING CORPORATION                                               

TAX I.D. NUMBER: 88-0305840                                                     

STREET ADDRESS OF DEBTOR: 202 Fremont Street, Las Vegas Nevada                  
89101                                                                           

COUNTY OF PRINCIPAL PLACE OF BUSINESS: Clark                                    

VENUE:                                                                          

Debtor has been domiciled or has had a residence principal place of             
business or principal assets in this District for 180 days                      
immediately preceding the date of this petition or for a longer                 
part of such 180 days than any other District.                                  

There is a bankruptcy case concerning debtor's affiliate, general               
partner, or partnership pending in this District.                               

INFORMATION REGARDING DEBTOR:                                                   

TYPE OF DEBTOR: Corporation Not Publicly Held                                   

NATURE OF DEBT: Business                                                        

TYPE OF BUSINESS: Other Business                                                

CHAPTER OR SECTION OF BANKRUPTCY CODE UNDER WHICH THE PETITION IS               
FILED: Chapter 11                                                               

FILING FEE: Filing Fee attached                                                 

BRIEFLY DESCRIBE NATURE OF BUSINESS: Gaming management                          

NAME AND ADDRESS OF LAW FIRM OR ATTORNEY:                                       

Streich Lang, P.A.                                                              
3800 Howard Hughes Parkway, Suite 1500                                          
Las Vegas, Nevada 89109                                                         
Telephone - 702-792-2727                                                        

Streich Lang P.A.                                                               
Renaissance Once                                                                
Two North Central                                                               
Phoenix, Arizona 85004-2391                                                     
Telephone - 602-229-5200                                                        

NAMES(S) OF ATTORNEY(S) DESIGNATED TO REPRESENT DEBTOR:                         

John J. Dawson, Ronald E. Reinsel, John R. Clemency, Brian Sirower              

STATISTICAL/ADMINISTRATIVE INFORMATION                                          

Debtor estimates that funds will be available for distribution to               
unsecured creditors.                                                            

ESTIMATED NUMBER OF CREDITORS: 1 - 15                                           

ESTIMATED ASSETS (in thousands of dollars): 1,000 - 9,999                       

ESTIMATED LIABILITIES (in thousands of dollars): 1,000 - 9,999                  

ESTIMATED NUMBER OF EMPLOYEES: 0                                                

ESTIMATED NUMBER OF EQUITY SECURITY HOLDERS: 1 - 19                             

FILING OF PLAN: Debtor intends to file a plan within the time                   
allowed by statute, rule or order of the court.                                 

SIGNATURES: John R. Clemency, Esq., November 9, 1995.                           

CORPORATE OR PARTNERSHIP DEBTOR:                                                
Signature of Authorized Individual - Thomas E. Martin, President,               
November 9, 1995.                                                               

EX-99
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Exhibit "A"               

In re Olympia Gaming Corporation,                                               
Debtor                                                                          
Exhibit "A" to Voluntary Petition               

1.  Debtor's employer identification number is 88-0305840.                      

2   If any of debtor's securities are registered under section 12               
of the Securities and Exchange Act of 1934, the SEC file number is              
N/A                                                                             

3.  The following financial data is the latest available                        
information and refers to debtor's condition on December 31, 1994.              

a. Total assets                                        $8,316,000               
b. Total Liabilities                                  $70,289,000               

                      Approx. Number
                  of Holders

Fixed, liquidated                                                               
secured debt                                                                    

Contingent secured Debt                                                         

Unliquidated secured debt                                                       

                      Approx. Number
                  of Holders

Fixed, liquidated                                                               
unsecured debt                     $8,359,000          1                        

Contingent unsecured debt                                                       

Disputed unsecured claims    $61,930,000         10                             

Unliquidated unsecured debt                                                     

Number of shares of                                                             
preferred stock              None                None                           

Number of shares of                                                             
common stock                 100                  1                             

Comments, if any: The Debtor reserves its right to contest all                  
debts, and presently considers each and every dollar as being                   
contingent, disputed and unliquidated.                                          

4.  Brief description of debtor's business: Gaming management                   

EX-99
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5.  List the name of any person who directly or indirectly owns,                
controls, or holds, with power to cote, 20% or more of the voting               
securities of debtor: Debtor is a wholly owned subsidiary of                    
Elsinore Corporation, a Nevada corporation                                      

6.  List the names of all corporations 20% or more of the                       
outstanding voting securities of which are directly or indirectly               
owned, controlled, or held with power to vote, by debtor: N/A                   

EX-99
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EXHIBIT "C"               

Name of Debtor:    Elsinore Corporation                                         
Relationship:      Parent                                                       
District:               District of Nevada                                      
Case No:           95-23685 RCJ                                                 
Date:              October 31, 1995                                             

Name of Debtor:    Four Queens, Inc.                                            
Relationship:      Affiliate                                                    
District:               District of Nevada                                      
Case No:           95-24686 RCJ                                                 
Date:              October 31, 1995                                             

Name of Debtor:    Elsub Management Corporation ("Elsub")                       
Relationship:      Affiliate                                                    
District:               District of Nevada                                      
Case No:           95-24689 RCJ                                                 
Date:              October 31, 1995                                             

Name of Debtor:    Four Queens Experience Corporation                           
Relationship:      Affiliate                                                    
District:               District of Nevada                                      
Case No:           95-24687 RCJ                                                 
Date:              October 31, 1995                                             

Name of Debtor:    Palm Springs East Limited Partnership                        
Relationship:      Elsub owns 90% general partnership interest                  
District:               District of Nevada                                      
Case No:           95-24688 RCJ                                                 
Date:              October 31, 1995                                             

EX-99
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CERTIFICATE OF RESOLUTION               

This is to certify that, at a meeting of the Board of                   
Directors of OLYMPIA GAMING CORPORATION, a Nevada corporation (the              
"Corporation"), duly called and held on the 19th day of October,                
1995, a quorum being present and voting, the following resolutions              
were unanimously adopted:                                                       

WHEREAS, the Directors deem it advisable and in the best                
interest of the Corporation to file a Voluntary Petition pursuant               
to Chapter 11 of Title 11, United States Code in the United States              
Bankruptcy Court for the District of Nevada;                                    

WHEREAS, the Directors wish to authorize the President of the           
Corporation, Thomas E. Martin, to execute any and all papers and/or             
documents on behalf of the Corporation for purposes of effectuating             
the foregoing Voluntary Petition under Chapter 11, which papers                 
and/or documents may include but not necessarily be limited to: (i)             
Voluntary Petition; (ii) List of Twenty Largest Unsecured                       
Creditors; (iii) List of Creditors; (iv) Master Mailing List and                
(v) any and all other papers and/or documents that the President                
may deem necessary or advisable for the purpose of effectuating the             
foregoing Voluntary Petition and the reorganization of the                      
Corporation.                                                                    

NOW, THEREFORE, BE IT RESOLVED, that the Corporation does               
hereby approve of filing a Voluntary Petition pursuant to Chapter               
11, Title 11, United States Code, in the United States Bankruptcy               
Court for the District of Nevada on behalf of the Corporation; and              

FURTHER RESOLVED, that the President of the Corporation,                
Thomas E. Martin, is hereby authorized and directed to execute any              
and all papers and/or documents on behalf of the Corporation for                
the purpose of Chapter 11, which papers and/or documents may                    
include but not necessarily be limited to: (i) Voluntary Petition;              
(ii) List of Twenty Largest Unsecured Creditors; (iii) List of                  
Creditors; (iv) Master Mailing List and (v) any and all other                   
papers and/or documents that the President may deem necessary or                
advisable for the purpose of effectuating the foregoing Voluntary               
Petition and the reorganization of the Corporation.                             

This is to further certify that the foregoing resolution has            
not been altered, amended, or revoked and remains in full force and             
effect.                                                                         

IN WITNESS WHEREOF, I have hereunto set my hand and the seal            
of said Corporation this 9th day of November, 1995.                             

By:  Ernest E. East                                                     
Its: Secretary                                                          

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘10-K’ Filing		Date		First		Last			Other Filings
Filed on:		4/1/96
For Period End:		12/31/95
		11/9/95		1
		10/31/95		4
		12/31/94		2					10-K
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