archon corporation
lease dated october 4, 2002 between archon corporation and dukes casino. (13 )
demand note dated february 6, 2003 in favor of archon corporation. (16 )
mercury real estate securities fund, lp and mercury real estate securities offshore limited v. archon corporation
option agreement dated october 8, 2002 between endeavors north llc and archon corporation. (13 )
archon corporation reports fiscal year end financial results ,
pr newswire, december 28, 2001 .
esplanade has owned shares of archon since 2006. kravetz said archon is undervalued and has underperformed .
archon corporation reports second fiscal quarter 2005 financial results ,
pr newswire, may 17, 2005 .
subordinated loan agreement dated october 8, 2002 between archon corporation and dukes - sparks, llc. (13 )
loan agreement dated december 15, 2003 between colonial bank, archon corporation and sahara las vegas corp. (14 )
las vegas - based archon corporation has announced plans to sell the former wet ‘n’ wild waterpark site in las vegas .
patent rights royalty agreement dated as of january 2, 2002 between archon corporation and david g. lowden. (11 )
a boston - based investment management company has proposed a $ 101. 5 million buyout of laughlin casino operator archon corporation .
in a letter to sue lowden, who is archon’s secretary, kravetz said archon shareholders “deserve” to learn about the offer .
directors of archon corporation private limited are arunkumar kandaswamy ganesan, atul ashok lohar, mandar narayan mangalvedekar, alok sharma and sarjerao ishwara kawade .
amended and restated by - laws of santa fe gaming corporation. (12 )
a delaware limited partnership, # lp585 - 87, into this corporation. tls
11 / 03 / 10 - wynd - wyndstorm corporation. - acceptance of registered agent
previously filed with the securities and exchange commission as an exhibit to archon corporations proxy statement on schedule 14a dated may 7, 2004 and incorporated herein by reference .
esplanade capital, which says it is the second - largest outside shareholder in archon, proposed the buyout offer last month to archon’s board of directors .
previously filed with the securities and exchange commission as an exhibit to archon corporations report on form 10 - q dated august 20, 2003 and incorporated herein by reference .
previously filed with the securities and exchange commission as an exhibit to archon corporations report on form 10 - k dated december 30, 2002 and incorporated herein by reference .
previously filed with the securities and exchange commission as an exhibit to archon corporations report on form 8 - k dated january 13, 2004 and incorporated herein by reference .
previously filed with the securities and exchange commission as an exhibit to archon corporations report on form 10 - q dated february 14, 2003 and incorporated herein by reference .
archon sparks management company; pioneer hotel inc. ; sahara las vegas corp .
previously filed with the securities and exchange commission as an exhibit to archon corporations report on form 10 - q for the quarter ended march 31, 2001 and incorporated herein by reference .
previously filed with the securities and exchange commission as an exhibit to archon corporations report on form 10 - q for the quarter ended june 30, 2002 and incorporated herein by reference .
spa business - archon to sell former wet ‘n’ wild site in vegas ...
archon corporation, (the company or archon), is a nevada corporation. the companys primary business operations are conducted through a wholly - owned subsidiary corporation, pioneer hotel inc. (phi), which operates the pioneer hotel & gambling hall (the pioneer) in laughlin, nevada. in addition, the company, owns real estate on las vegas boulevard south (the strip) in las vegas, nevada, and also owns rental properties in dorchester, massachusetts and gaithersburg, maryland .
still, there has been some adversity in recent years. archon management — the lowdens — has fought bitterly with d. e. shaw, a hedge fund and archon shareholder .
ask a question about working or interviewing at archon. our community is ready to answer .
santa fe gaming corporation announces sale of henderson property ,
pr newswire, november 17, 1999 .
archon corporation (archon) primary business operations are conducted through a wholly owned subsidiary corporation, pioneer hotel inc. (phi), which operates the pioneer in laughlin, nevada. in addition, the company owns real estate on las vegas boulevard south (the strip) in las vegas, nevada, and properties in dorchester, massachusetts and gaithersburg, maryland. the company owns, through its wh
archon corporation, (the company or archon), is a nevada corporation. the companys primary business operations are conducted through a wholly - owned subsidiary corporation, pioneer hotel inc. (phi), which operates the pioneer hotel & gambling hall (the pioneer) in laughlin, nevada. in addition, the company owns real estate on las vegas boulevard south (the strip) in las vegas, nevada (see land held for development), and rental properties in dorchester, massachusetts and gaithersburg, maryland .
previously filed with the securities and exchange commission as an exhibit to archon corporations report on form 10 - k / a (amendment no. 1) dated january 23, 2004 and incorporated herein by reference .
santa fe gaming corporation announces 1997 fiscal year end results ,
pr newswire, december 24, 1997 .
business: archon corporation operates the pioneer hotel and gambling hall in laughlin, nevada and owns property on las vegas boulevard for possible future development, and owns investment properties in dorchester, massachusetts and gaithersburg, maryland .
through its chairman and ceo, paul w. lowden, the archon corporation holds a more than a 20 - year stake in las vegas casino history. formerly known as santa fe corporation and sahara gaming corporation, archon owned and operated the famous sahara and hacienda casino hotels. those properties were sold in 1995 to former circus circus leader william bennett, but the company remains active in nevada' s casino industry as owner and operator of the pioneer hotel and gambling hall, located in laughlin, nevada. archon also owns commercial office buildings in dorchester, massachusetts, and gaithersburg, maryland, and 27 undeveloped acres on las vegas boulevard south .
1 / 6 / 11 - hboc - hyperbaric oxygenation corporation - amendment - name change to building turbines, inc .
management agreement by and between pioneer hotel and santa fe gaming corporation dated as of december 30, 1998. (5 )
archon corporation private limited' s annual general meeting (agm) was last held on 30 september 2017 and as per records from ministry of corporate affairs (mca), its balance sheet was last filed on 31 march 2017 .
d. e. shaw, which controls more than 707, 000 shares of archon’s preferred stock, said its investors would be out $ 1. 7 million if archon is allowed to proceed with its plan .
2 / 22 / 11 - tycv - tycore ventures, inc. - miscellaneous & amendment & name change to hondo minerals corporation
2 / 9 / 11 - bysd - bayside petroleum company, inc. - amendment & designation - name change to bayside corporation
data as of jul 09 2018. currency figures normalised to archon corp' s reporting currency: us dollar usd
20. for more information regarding an investment in archon’s professionally managed investment portfolios please contact elliot ej paul, cfp ®, president, archon advisory corporation – a registered investment advisor. email: ejpaul @ urltoken direct: (856) 433 - 6700 fax: (856) 433 - 8373 suite 110 1926 greentree road, cherry hill, new jersey 08003
lease modification letter dated august 24, 1995 by and between wet n wild nevada, inc. and sahara corporation. (3 )
3 / 7 / 11 - nfon - netfone, inc. - merge in & stock split - name change to itp energy corporation
1 / 18 / 11 - smpn - smsa palestine acquisition corp. - amended & restated articles - name change to asia green agriculture corporation
archon chairman and chief executive officer paul lowden, who controls about 75 percent of archon’s common stock and about 18 percent of the preferred stock, would receive a net benefit of about $ 8. 7 million, according to the lawsuit .
d. e. shaw sent a blistering letter to lowden and then attached it to a securities and exchange commission filing: “your actions make us wonder whether archon corporation is seeking to be run as a family fief on which minority shareholders remain as serfs. ”
9 / 16 / 11 - muta - mutuloan corporation - name change & merger - survivor - name change to nexus enterprise solutions, inc .
just before the great recession, when las vegas real estate prices were at their peak, archon agreed to sell the property for a stunning $ 618 million. that deal never closed but archon walked away with the nonrefundable deposit of $ 67 million .
during fiscal years 2001 through 2003, the company purchased an aggregate of $ 0. 7 million of commercial and residential loans originally funded by central banc mortgage corporation to unaffiliated third parties. the loans were purchased by the company for the principal amount, plus accrued interest, if any. central banc mortgage corporation is owned by lico, which in turn is owned by paul w. lowden. john w. delaney is the president of central banc mortgage corporation. at september 30, 2008, the company was owed approximately $ 55, 000 from central banc mortgage corporation related to these transactions .
archon said the pioneer club’s revenue has declined over the last few years due to competition from american indian casinos in california and arizona .
benston, liz ,
stockholder: archon options unfairly enrich owner' s family ,
las vegas sun, june 20, 2005 .
2 / 17 / 11 - daml - darlington mines ltd. - merge in - effective date 3 / 2 / 11 - name change to the pulse beverage corporation
archon was created in the past decade after paul lowden’s former company sold the sahara and the santa fe in northwest las vegas in separate transactions .
kravetz said esplanade’s offer for archon represented a nearly 62 percent premium to the company’s average closing price over the 90 days before the offer’s submission .
archon corporation private limited' s corporate identification number is (cin) u74900pn2014ptc150768 and its registration number is 150768. its email address is alokssharma4 @ urltoken and its registered address is flno 20, sno 46 c - 4, aundh, r maithili patilwadi, bopodi, pune pune mh 411003 in, -, .
d. e. shaw, which bid unsuccessfully to acquire the parent company of the riviera last year, owns about 300, 000 shares of archon’s common stock. the asset management firm protested about a year ago when archon tried to grant what shareholders believed to be unfair options to family members .
7. why consider archon’s active management style now? • after the fourth - longest bull market in history, stocks are near all time highs; • 7 to 20% + stock market pullbacks are customary; • at these greedy levels, archon takes profits and reduces risk by repositioning from stocks to lower risk bonds and money market funds; • after stocks correct, archon repositions back to stocks to take advantage of the next bullish move .
previously filed with the securities and exchange commission as an exhibit to santa fe gaming corporations report on form 8 - k dated november 15, 1999 and incorporated herein by reference .
previously filed with the securities and exchange commission as an exhibit to santa fe gaming corporations report on form 8 - k dated june 12, 2000 and incorporated herein by reference .
previously filed with the securities and exchange commission as an exhibit to santa fe gaming corporations report on form 8 - k dated december 29, 2000 and incorporated herein by reference .
president: bdcm support services corporation, managing member: turning point capital management llc, turning point capital advisors llc and jaguar financial services llc - a licensed insurance agency; president: archon advisory corporation - a registered investment advisor; former president: warton archon financial advisors – sec registered investment advisor for 21 years; former vp and branch manager for stifel nicolaus, member new york stock exchange; former vp of philadelphia securities association; past president garden state rotary of cherry hill, nj; university of pennsylvania – ba economics; graduated: harvard graduate business school; college for financial planning – certified financial planner ™ professional; haddonfield memorial high school graduate .
archon would redeem the stock for about $ 5. 24 per share; the plaintiffs believe the shares should be redeemed for $ 8. 69. under archon’s plan, the value of preferred stock would be $ 10. 9 million; the shareholders believe the stock’s value is $ 18. 2 million .
esplanade capital president shawn kravetz said monday that the board of archon had not responded to his offer, which is why he made the offer public monday .
archon capital management llc and the logos and marks included on the site that identify archon capital management llc services and products are proprietary materials. the use of such terms and logos and marks without the express written consent of archon capital management llc is strictly prohibited. copyright in the pages and in the screens of the site, and in the information and material therein, is proprietary material owned by archon capital management llc unless otherwise indicated. the unauthorized use of any material on the site may violate numerous statutes, regulations and laws, including, but not limited to, copyright, trademark, trade secret or patent laws .
archon didn’t return phone calls requesting comment on the lawsuit. in addition to lowden, archon’s board members include his wife, former state sen. sue lowden, who is now chairwoman of the state republican party, and veteran state sen. bill raggio, r - reno, who is the senate majority leader .
archon corporation private limited is a private incorporated on 25 february 2014. it is classified as non - govt company and is registered at registrar of companies, pune. its authorized share capital is rs. 100, 000 and its paid up capital is rs. 100, 000. it is inolved in business activities n. e. c .
on may 11, 2001, santa fe gaming corporation changed its name to archon corporation. that same year the company acquired investment properties in dorchester, massachusetts, and gaithersburg, maryland, for a total cost of $ 145 million. the 12 - acre dorchester property consists of several buildings with about 425, 000 square feet of commercial office space. the 55 - acre gaithersburg property includes one building with about 342, 000 square feet of office space. the buildings on both properties are leased out under long - term agreements .
previously filed with the securities and exchange commission as an exhibit to sahara gaming corporations report on form 10 - k for the year ended september 30, 1995 and incorporated herein by reference .
lowden is a longtime gaming figure who once owned the sahara and hacienda hotel - casinos. his wife, former republican state sen. sue lowden, is an official in the corporation .
previously filed with the securities and exchange commission as an exhibit to sahara gaming corporations annual report on form 10 - k for the year ended september 30, 1993 and incorporated herein by reference .
previously filed with the securities and exchange commission as an exhibit to santa fe gaming corporations report on form 10 - q for the quarter ended march 30, 1999 and incorporated herein by reference .
previously filed with the securities and exchange commission as an exhibit to santa fe gaming corporations report on form 10 - q for the quarter ended june 30, 1999 and incorporated herein by reference .
previously filed with the securities and exchange commission as an exhibit to santa fe gaming corporations report on form 10 - q for the quarter ended june 30, 2000 and incorporated herein by reference .
on december 22, 2008, slvc, a wholly owned subsidiary of archon corporation, entered into an option agreement with las vegas towers, llc (lvt), a delaware limited liability company, in which slvc granted lvt an option to purchase slvcs approximately 27 - acre parcel of land located at 2600 las vegas boulevard south, las vegas, nevada .
archon said its doesn’t plan any investments in its laughlin casino and expects that revenue and expense trends at the pioneer may not change significantly over the next few years .
indeed, they sold the santa fe, and since then, archon appears to be grinding along again with little debt, positioned for the next real estate windfall .
the suing shareholders believe holders of archon’s common stock, which now trades over the counter, would benefit if the company were able to proceed with a preferred stock redemption plan .
we have audited the accompanying consolidated balance sheets of archon corporation and subsidiaries (the company) as of september 30, 2008 and 2007, and the related consolidated statements of operations, stockholders equity and cash flows for the years then ended. these financial statements are the responsibility of the companys management. our responsibility is to express an opinion on these financial statements based on our audit .
however, archon wants to pay back the stock with 16 percent interest on just the liquidation cost. the shareholders believe the interest should also be applied to the accrued and unpaid dividends .
my typical day at archon corporation was split 60 / 40. 60% of my time was spent supporting the ibm as400, the applications and the users. most of this support was done remotely. the other 40% of my time was spent supporting corporate management who all worked from home. that support was local and covered the whole gambit of a home office environment and the systems they used .
the licenses held by members of the archon group are not transferable. each issuing agency may at any time revoke, suspend, condition, limit or restrict licenses or approvals to own a beneficial interest in phi for any cause deemed reasonable by such agency. any failure to retain a valid license or approval would have a material adverse effect on all members of the archon group .
archon owns, in addition to the pioneer, two east coast office buildings and 27 acres on the strip at the old wet ’n wild site, once a source of endless speculation about potential resorts. archon would like to be landlord to a developer of a sports and events arena, which would receive favorable tax treatment if the clark county commission revives a mothballed redevelopment zone .
here today, archon tomorrow. the alternately waxing and fortunes of archon corp. secretary - treasurer sue lowden have put the comparable vicissitudes of her company under a microscope. basically, it’s the saga of how a company with a somewhat impressive set of casino holdings — including the sahara and the bygone hacienda — withered into the rinky - dink crony - capitalism outfit that is present - day archon. the depletion of assets and jobs also lends a sting of truth to sen. al franken ‘s paraphrase of a sue lowden tagline, “my job is fighting for your job, unless you happen to work at my husband’s casino. ” or water park. (speaking of paul lowden, archon’s better investments would not include his helmet - like toupée. )
lowden sits on the board of archon corp. ; her husband paul lowden is chairman and ceo. the company owns the pioneer in laughlin, a working - class casino on the colorado river .
archon advisory corporation is a registered investment advisor based in cherry hill, nj. archon partners with sei to offer 5 professionally managed asset allocation investment portfolios: conservative, conservative to moderate, moderate, moderate to growth and growth. our founder: (1) managing member: turning point capital management llc (tpcm), turning point capital partner lp’s (tpcp) general partner, turning point capital advisors llc, tpcp’s investment advisor and jaguar financial services llc - a licensed insurance agency; (2) president: archon advisory corporation - a registered investment advisor; (3) former president: warton archon financial advisors – sec registered investment advisor that managed nine mutual fund, stock, bond and option portfolios for 21 years; (4) former vp and branch manager for stifel nicolaus, member new york stock exchange; (5) former vp of philadelphia securities association; (6) past president garden state rotary of cherry hill, nj; (7) university of pennsylvania – ba economics; (8) graduated: harvard graduate business school; (9) college for financial planning – certified financial planner ™ professional; (10) haddonfield memorial high school graduate; (11) executive member of the philadelphia chamber of commerce and south jersey chamber .
on monday, shares of archon, which are traded on over - the - counter bulletin board, closed at $ 13 a share, up $ 2. 50, or 23. 81 percent .
under the company’s plan, which was detailed in archon’s quarterly report that was filed aug. 20 with the securities and exchange commission, the stock would be redeemed to investors with all accrued and unpaid dividends .
in 2005, d. e. shaw threatened legal action when archon’s board proposed giving $ 4 million stock windfalls to two employees, david lowden and christopher lowden, brother and son, respectively, of paul lowden .
“as a result of archon’s breaches of the agreement with respect to the preferred shares, lowden is positioned to achieve — personally — a net benefit of more than $ 8. 5 million, ” the complaint alleges .
however, archon chairman paul lowden, whose family owns more than 85 percent of the company, said monday that he has “no intentions” of selling the business. he said the buyout proposal “wasn’t really a serious” offer .
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18. performance please note: the above figures reflect sei’s performance for its mutual fund private client accounts. archon’s use of sei’s private client mutual fund strategies would have yielded higher or lower investment returns than those above .
short answer: he’s neither built nor bought anything since the santa fe in 1991 and his fortunes have been in a long, slow decline for past two decades. wet ‘n wild wasn’t even an archon property: it simply sat on land that archon owned, until the lowdens chased it out in 2004 — a decision of debatable wisdom and one that, in retrospect, contributed greatly to the “slum” atmosphere at the north end of the strip .
the address for paul w. lowden is c / o archon corporation, 4336 losee road, suite 5, north las vegas, nevada 89030. the shares owned by each person, or by the group, and the shares included in the total number of shares outstanding have been adjusted, and the percentage owned (where such percentage exceeds 1 %) has been computed, in accordance with rule 13d - 3 (d) (1) under the securities exchange act of 1934 .
a group of shareholders sued one - time sahara owner archon corp. in u. s. district court last week, saying the casino operator is undervaluing the redemption price of preferred stock issued by the company 14 years ago .
year on year archon corp had revenues fall - 26. 61% from 31. 97m to 23. 47m, though the company grew net income from a loss of 1. 54m to a gain of 1. 23m .
sales for 2004 were $ 45. 6 million, down from 2003, with a loss of $ 3. 4 million. revenues for the pioneer were down 10 percent from 2003, due to a decrease in the number of casino patrons, according to archon management. in the first six months of 2005, this decline continued. revenues from the pioneer slid 13. 8 percent from the same period in 2004, and archon reported a loss of $ 2 million .
the lowdens have again clashed with d. e. shaw in an ongoing lawsuit, in which d. e. shaw and other plaintiffs allege that archon has breached a contract by undervaluing preferred shares, to the benefit of the lowdens .
and in an interview jan. 2, kravetz told the business press he’s committed to pursuing a deal for archon and esplanade is continuing to weigh its next steps. he challenged lowden to explain his goals to shareholders or take the company private .
3. about our founder: elliot ej paul, cfp® • president: archon advisory corporation - a registered investment advisor; • managing member: turning point capital management llc, turning point capital advisors llc, and jaguar financial services llc; • former president: warton archon financial advisors – sec registered investment advisor that managed nine mutual fund, stock, bond and option portfolios for 21 years; • formervp and branch manager for stifel nicolaus, member newyork stock exchange; • formervp of philadelphia securities association; • past president garden state rotary of cherry hill, nj; • haddonfield memorial high school graduate; • university of pennsylvania – ba economics - sigma alpha epsilon fraternity; • graduated: harvard graduate business school; • college for financial planning – certified financial planner ™ professional; • executive member of the philadelphia chamber of commerce .
the members of the compensation committee, john w. delaney and william j. raggio, are non - employee directors. mr. delaney has never been an officer of the company or of any of its subsidiaries. mr. delaney is the president of central banc mortgage corporation, a mortgage banking company of which paul w. lowden is a director and sole stockholder. during fiscal 2001 through fiscal 2003, the company purchased from j & j mortgage an aggregate of $ 0. 7 million of commercial and residential loans originally funded by central banc mortgage corporation to unaffiliated third parties. see item 13, certain relationships and related transactions. 
archon, which operates the pioneer club in laughlin and is selling the strip land on which the wet ‘n wild water park once stood to a texas developer for $ 475 million, wants to redeem the preferred stock, on which it hasn’t paid dividends for more than a decade .
in its quarterly report, archon said it has entered an option agreement to sell the 27 - acre wet ‘n wild site to a partnership between texas developer christopher milam and australian casino operator publishing and broadcasting ltd. , which is controlled by that country’s richest man, james packer .
it’s impossible to tell what archon and its major stockholder, ceo paul lowden, are thinking. in 2011, the company performed a nifty financial maneuver — a reverse stock split at 250 - 1 that allowed it to cash out all the holders of fewer than 250 shares. it immediately followed with a 1 - 250 stock split, restoring major holders to their previous positions. the maneuver cut the number of stockholders below the level that required securities and exchange commission filings. archon now communicates directly with shareholders and its website has gone dark, making the company’s dealing opaque .
by accessing the password - protected area of this site, you agree not to invest in any posted investment (other than investments in which you or your affiliates are already invested, have already been solicited for or are already actively considering an investment in) for thirty (30) days after the approval of your application. archon capital management llc reserves the right to terminate, at any time, any registered user' s account with archon capital management llc (as well as access to this site), without giving notice or a reason for such termination to the user .
the accompanying consolidated financial statements include the accounts of archon and its wholly - owned subsidiaries. amounts representing the companys investment in less than majority - owned companies in which a significant equity ownership interest is held are accounted for on the equity method. all significant intercompany accounts and transactions have been eliminated in consolidation .
the shareholders — nine investment funds — claim in their lawsuit that archon is undervaluing 4. 4 million shares of preferred stock by more than $ 7 million. the shareholders, the largest of which is new york - based asset management firm d. e. shaw, control about half of the preferred shares .
please forgive me, as my knowledge of archon corp. is kinda slim, but have they ever built anything or created any jobs? and have they retained jobs? it seems like all they have done is buy businesses, eliminate jobs and sell at a profit. not the foundation of a strong america .
11. cost and fees: •no transaction charges or commissions; •archon’s annual management fee is 1% over $ 1 million and 1 1 / 2% under $ 1 million. multiple accounts with family members or in a company plan take advantage of lower fee aggregates over $ 1 million; •automated fee processing .
in late 2003, the company ceased to operate duke' s casino in sparks, nevada, through its archon sparks management company subsidiary. that casino' s furniture, fixtures, gaming and non - gaming equipment were transferred to the pioneer. in january 2004, archon purchased the fee ownership of the pioneer for $ 36 million from an affiliate of ge capital. in this deal, the company purchased outright the pioneer' s real estate, buildings, and equipment. lowden commented in a press release :
we are excited about this asset acquisition, and we will continue our efforts to provide an entertaining experience to our pioneer customers .
archon is banking on gamblers to follow the trail of the pioneer. formerly santa fe gaming, the embattled company owns and operates one casino, the pioneer hotel & gambling hall, in laughlin, nevada. the pioneer features more than 410 guest rooms and gaming operations that consist of approximately 730 slot machines, six blackjack tables, one craps table, one roulette wheel, and five other gaming tables. the hotel includes two restaurants and bars, a special events area, banquet rooms, and a swimming pool and spa. chairman and ceo paul lowden controls the company. archon has been the subject of a number of unsuccessful takeover bids in recent years .
the company and phi (collectively, the archon group) are subject to extensive state and local regulation by the nevada gaming commission (the commission), the nevada state gaming control board (the board) and in the case of phi, the clark county liquor and gaming licensing board (collectively the nevada gaming authorities) .
john w. delaney, 60, has served as a director of the company since january 1997. mr. delaney is currently president and chief executive officer of central banc corporation. , a mortgage banking firm, located in bellevue, washington where he has been employed since 1978. mr. delaneys term as a director of the company expires at the annual meeting of stockholders in 2009 .
10. archon asset allocation portfolios features and benefits: • portfolios are rebalanced back to target allocations regularly…a disciplined, non - emotional way to buy low, sell high and reduce portfolio risk; • easy to read, full color quarterly performance statements; • environmentally friendly monthly e - statements; • year - end tax letter that summarizes capital gains / losses and income. simply attach it to irs schedule d to minimize paperwork, reduce accounting costs and simplify tax preparation; • accounts safeguarded and segregated in client name at sei privatetrust; • income and liquidity options; • client reviews, economic forecasts, white papers, webinars and special events; • archon support team at your service .
the company offered $ 17. 50 per share in a negotiated transaction for all 5. 8 million shares of archon, which owns the pioneer hotel & gambling hall in laughlin; a 27 - acre site on the north end of the strip on which the wet ’n’ wild water amusement park once stood; and office buildings in maryland and suburban boston .
a review of the company’s financial results over two decades shows a pattern: year after year of losses, with an occasional windfall profit after a shrewd real estate deal. archon and its precursor companies have sold the sahara, hacienda and santa fe hotels, as well as land in henderson near the galleria at sunset mall, totaling more than $ 400 million .
exhibit no. description of exhibit - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 10. 47 master lease agreement by and between videotronics, inc. and santa fe hotel, inc. dated april 15, 1996. (14) 10. 48 guaranty of lease by santa fe gaming corporation dated april 15, 1996. (14) 10. 49 notice, consent and acknowledgment of assignment by and between videotronics, inc. (lessor), santa fe hotel, inc. (lessee), pds financial corporation and the buyers dated may 9, 1996. (14) 10. 50 master lease agreement by and between pds financial corporation and santa fe hotel, inc. dated may 30, 1996. (15) 10. 51 lease schedule no. 1 by and between pds financial corporation and santa fe hotel, inc. dated may 30, 1996. (15) 10. 52 purchase / renewal option by and between pds financial corporation and santa fe hotel, inc. dated may 30, 1996. (15) 10. 53 amended and restated hacienda adventure club acquisition and assignment agreement by and among hacienda hotel inc. , resorts marketing international alpine - oasis membership, l. l. c. and brett torino dated july 18, 1996. (15) 10. 54 guaranty of payment and performance (sahara gaming corporation) dated july 18, 1996. (15) 10. 55 guaranty of payment and performance (oasis las vegas motor coach park, l. p .) dated july 24, 1996. (15) 10. 56 master lease agreement by and between cj' s classics, inc. and santa fe hotel, inc. dated august 15, 1996. (16) 10. 57 lease schedule no. 1 by and between cj' s classics, inc. and santa fe hotel, inc. dated august 15, 1996. (16) 10. 58 purchase / renewal option by and between cj' s classics, inc. and santa fe hotel, inc. dated august 15, 1996. (16) 10. 59 master lease agreement by and between cj' s classics, inc. and pioneer hotel, inc. dated august 15, 1996. (16) 10. 60 lease schedule no. 1 by and between cj' s classics, inc. and pioneer hotel, inc. dated august 15, 1996. (16 )
exhibit no. description of exhibit - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 10. 61 purchase / renewal option by and between cj' s classics, inc. and pioneer hotel, inc. dated august 15, 1996. (16) 10. 62 option agreement by and between santa fe gaming corporation and pat clark dated november 13, 1996. (16) 10. 63 master lease agreement by and between videotronics, inc. and santa fe hotel inc. dated september 16, 1996. (16) 10. 64 lease schedule no 1 by and between videotronics, inc. and santa fe hotel inc. dated september 16, 1996. (16) 10. 65 purchase / renewal option by and between videotronics, inc. and santa fe hotel inc. dated september 16, 1996. (16) 10. 66 guaranty of lease (santa fe gaming corporation) dated september 16, 1996. (16) 10. 67 notice, consent and acknowledgment of assignment by and between videotronics, inc. (lessor), santa fe hotel, inc. (lessee) and pds financial corporation (assignee) dated september 16, 1996. (16) 10. 68 amendment to note purchase agreement by and among santa fe gaming corporation, sahara las vegas corp. and sunamerica life insurance company dated as of december 27, 1996. (16) 10. 69 employment agreement by and between santa fe gaming corporation and thomas k. land dated october 1, 1996. (17) 10. 70 sahara las vegas corp. tranche a note due december 15, 1999, dated july 31, 1997 (18) 10. 71 casino properties guaranty dated july 29, 1997 (18) 10. 72 sahara resorts guaranty dated july 29, 1997 (18) 10. 73 hacienda hawaiian guaranty dated july 29, 1997 (18) 10. 74 first amendment to company security agreement dated july 29, 1997 (18) 10. 75 sahara resorts pledge agreement dated july 29, 1997 (18) 10. 76 company pledge agreement dated july 29, 1997 (18 )
the driver is esplanade capital llc, a boston - based investment fund that has been trying to buy the company for almost two years. it first offered to buy all of archon’s outstanding shares in march 2013, for $ 17. 50 a share. it raised the offer to $ 18. 50, then $ 19. 25 and, last august, to $ 21. 65 per share .
sales for 2001 were considerably lower, by almost 63 percent, than for 2000 because of the sale of the santa fe hotel and the resulting loss of its gambling revenues. the $ 48 million in sales for the year, however, was augmented by the profit from the hotel sale, giving archon a net profit for the year of $ 87. 2 million. the company showed a loss of $ 9. 3 million in 2002. much of the loss was due to a decrease in gambling revenues at the pioneer. archon management blamed this revenue decline on the growth of native american casinos in southern california, arizona, and new mexico, which was hurting the laughlin casino business generally. the year 2003 saw a further decline in revenues to $ 46. 1 million and a net loss of $ 8. 9 million .
19. adv parttwo • adv parttwo - our “brochure” is the required submission to the securities and exchange commission (sec) by professional investment advisors that specify the investment style, assets under management and key officers of the firm. the form must be updated annually and be made available as public record for companies managing in excess of $ 25 million; • archon delivers adv parttwo to all prospective clients and offers clients annual updates .
at first blush, there doesn’t seem to be much happening. the company has its headquarters in laughlin where it manages the pioneer, a casino and 414 - room hotel. the company has acknowledged the pioneer’s market is in slow decline and the prospects aren’t great. archon owns some investment property in las vegas and in dorchester, mass. it recently sold an investment property in gaithersburg, md. , for $ 76. 3 million .
certain transactions. none of the archon group may make a public offering of its securities without the approval of the commission if the proceeds therefrom are intended to be used to construct, acquire or finance gaming facilities in nevada, or retire or extend obligations incurred for such purposes. such approval, if given, will not constitute a recommendation or approval of the investment merits of the securities offered. any public offering requires the approval of the commission .
6. we let “mr. market”tell us whatto do • archon doesn’t predict the future. • we use an objective, proven, proprietary set of fundamental and technical rules that tell us when and how to allocate your investments. • we monitor financial markets in real time. • we have the nerve to pull the trigger when it’s time to buy and sell. • trading by a set of disciplined rules takes hope, fear and greed out of our decision making process .
prior to fiscal 2007, the company had loaned approximately $ 1. 4 million to dukes  sparks (dukes), a nevada limited - liability company. the company, through its wholly - owned subsidiary, archon sparks management company, operated dukes casino. christopher lowden, son of paul w. lowden, was a limited partner in the company that was a managing member of dukes. the company also acquired a $ 100, 000 class b member interest in dukes. in december 2003, dukes closed its casino operations .
given the slap - happy way in which mrs. lowden’s campaign finances have been handled — it prematurely spent $ 18k in general - election funds and her personal - finance report to the senate ethics committee is having to be redone after nearly 20 material omissions were uncovered — it’s hardly any surprise that archon and its shareholders are frequently at each others’ throats. as the ex - president of what’s now santa fe station, if mrs. lowden makes it through to november, we’ll be treated to the interesting experiment of a casino boss running for national office .
exhibit no. description of exhibit - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 10. 22 second amendment to lease agreement, made as of december 27, 1993, by sahara parkville, inc. and the city of parkville, missouri (8) 10. 23 landlord' s consent, estoppel certificate and third amendment to lease agreement, entered into on december 27, 1993, by and between the city of parkville, missouri, sahara parkville, inc. , ibj schroeder bank & trust company, and santa fe hotel inc. (8) 10. 24 fourth amendment to lease agreement, made as of january 18, 1994 by sahara parkville, inc and the city of parkville, missouri (8) 10. 25 fifth amendment to lease agreement, made as of january 18, 1994, by sahara parkville, inc. and the city of parkville, missouri (8) 10. 26 sixth amendment to lease agreement dated june 30, 1995 by sahara parkville, inc. , and the city of parkville, missouri. (11) 10. 27 development agreement by sahara parkville, inc. and the city of parkville, missouri (8) 10. 28 amendment to development agreement, dated january 18, 1994, by sahara parkville, inc. and the city of parkville, missouri (8) 10. 29 second amendment to development agreement, dated october 28, 1994, by sahara parkville, inc. and the city of parkville, missouri (8) 10. 30 third amendment to development agreements dated june 30, 1995 by sahara parkville, inc. and the city of parkville, missouri. (11) 10. 31 agreement for purchase and sale dated as of january 10, 1995 by and among hacienda hotel inc. , sahara gaming corporation, as guarantor, and william g. bennett. (9) 10. 32 letter of modification and clarification by and between hacienda hotel inc. , sahara gaming corporation, as guarantor, and william g. bennett dated march 3, 1995. (10) 10. 33 assignment and consent to assignment of agreement for purchase and sale dated january 10, 1995 by and among hacienda hotel inc. , sahara gaming corporation, as guarantor, and william g. gennett to circus circus enterprises, inc. dated march 5, 1995. (10) 10. 34 sale and purchase contract dated november 7, 1995 by and between sahara gaming corporation and argasy gaming company. (12 )
commencing december 15, 2003, sfhi, llc, owned by sfhi, inc. , a wholly owned subsidiary of the company, and avalon bay communities, inc. a maryland corporation (avalon bay), entered into various agreements wherein the parties jointly sought certain approvals and consents from the city of gaithersburg, maryland (the city), of plans to develop a 51 - acre parcel of land (the property) located within the city and now owned by the company. the preliminary agreements stated that if the company and avalon bay were successful in obtaining the necessary developmental approvals and consents, the company would then sell the property to avalon bay. while preliminary discussions with the city have not been successful and the required approvals have not been obtained, efforts continue in this regard .
4. why archon? while most successful people could become accomplished investors, it takes a substantial commitment of time, energy and experience to achieve superior risk adjusted results: • experience: mr. paul has 25 + years experience managing stock, bond and option portfolios; • perspective: ability to weed out market noise from important information; • trading by disciplined, proven fundamental and technical trading rules; • alignment of interests: competitve management fees with no commissions; • opportunity to benefit from rising and falling markets taking profits / reducing risk in overbought market tops and buying back in after the markets show signs of strength; • risk management controls; • unemotional buying and selling decisions; • active monitoring of portfolio positions and markets to take advantage of market opportunities .
in 1995, lowden retrenched his operations. his first step was to sell off the hacienda for $ 80 million to former circus circus chairman and ceo william bennett. by june 1995, lowden and bennett had struck a new deal. bennett bought the sahara for $ 193 million; under terms of the deal, lowden took possession of an undeveloped, 27 - acre parcel on the vegas strip. by the time bennett imploded the hacienda on new year' s eve 1996, in order to make room for an $ 800 million hotel - casino megacomplex, lowden had renamed his company to reflect its new focus. the stripped - down company, now named santa fe gaming corporation, completed its first year of operations with revenues of $ 148. 4 million. a $ 40 million gain from the sahara sale helped the company achieve its first profitable year, with a profit of $ 9. 7 million, of the decade .
the company issued the preferred stock when it was known as sahara gaming corp. in addition to the pioneer, the company owned the sahara and santa fe casinos. the sahara was sold to late gaming pioneer william bennett in 1995 and the santa fe was sold to station casinos in 2000 .
d. e. shaw spokeswoman darcy bradbury said the company couldn’t comment on the lawsuit .
exhale nevada ceo pete findley talks about the one year anniversary of the legalization of recreational marijuana in nevada. (k. m. cannon / las vegas review - journal )
financial advisors talk about saving trends among young adults. (bailey schulz / las vegas review - journal )
president donald trump made his fortune in real estate, but by slapping tariffs on imports from close allies, developers in las vegas and other cities could get hit hard .
barry yost, co - owner of precision tube laser, llc, places a metal pipe into the trulaser tube 5000 laser cutting machine on wednesday, june 20, 2018, in las vegas. bizuayehu tesfaye / las vegas review - journal @ bizutesfaye
the director of the nevada film office discusses its revamped locations database and how it will affect local businesses. (bailey schulz / las vegas review - journal )
unlike most house flippers, the company aims to make money from transaction costs rather than from selling homes for more than their purchase price .
gondolier marciano sings a the classic italian song
volare
as he leads guests through the canals of the venetian in las vegas. (k. m. cannon / las vegas review - journal )
texas homebuilder d. r. horton bought 43 lots in rural logandale. (eli segall / las vegas review - journal )
experts discuss nevada' s indoor farming industry. (bailey schulz / las vegas review - journal )
months after developer steve witkoff bought the fontainebleau last summer, he unveiled plans to turn the mothballed hotel into a marriott - managed resort called the drew. but if richard “boz” bosworth’s plans didn’t fall through, the north las vegas strip tower could have become a waldorf astoria with several floors of timeshare units. (eli segall / las vegas review - journal )
rossi ralenkotter, ceo of the lvcva, on tuesday confirmed a las vegas review - journal report that he is preparing to retire. richard n. velotta / las vegas review - journal
cousins maine lobster food truck company will open inside las vegas’ two newest smith’s at skye canyon park drive and u. s. highway 95, and at warm springs road and durango drive. cousins currently sells outside some las vegas smith’s stores and at fremont street and las vegas boulevard. (k. m. cannon / las vegas review - journal )
lawrence yun, chief economist at the national association of realtors, gives homebuyers a pulse on the las vegas housing market. (eli segall / las vegas review - journal )
the company is planning to add six solar projects in nevada, along with the state' s first major battery energy storage capacity. bailey schulz / las vegas review - journal
archon corporation is an entertainment company based in paradise , nevada . the company has owned casinos and water parks . members of board of directors include state senator sue lowden who was chairwoman of the nevada republican party and state senator bill raggio . lowden is also executive vice president , secretary and treasurer for the company . 
archon corporation is an entertainment company based in paradise, nevada. the company has owned casinos and water parks. members of board of directors include state senator sue lowden who was chairwoman of the nevada republican party and state senator bill raggio. lowden is also executive vice president, secretary and treasurer for the company.
archon corporation is an entertainment company based in paradise, nevada. the company has owned casinos and water parks. members of board of directors include state senator sue lowden who was chairwoman of the nevada republican party and state senator bill raggio. lowden is also executive vice president, secretary and treasurer for the company.