UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 0-17436
FORM 10-QSB CUSIP NUMBER
849178
For Period Ended: September 30, 1999
[Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.]
PART I - REGISTRANT INFORMATION
SPORTS ENTERTAINMENT ENTERPRISES, INC.
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Full Name of Registrant
Not Applicable
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Former Name if Applicable
6730 South Las Vegas Boulevard
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Address of Principal Executive Office (Street and Number)
Las Vegas, Nevada 89119
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City, State and Zip Code
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the Registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following the
[X] prescribed due date; or the subject quarterly report of transition
report on Form 10-Q, or portion thereof will be filed on or before
the fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule 12b-
25 has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
The Company's Chief Financial Officer has been required to devote a
substantial amount of time on the negotiations relating to the Company's debt
facility. As a result, it has not been possible to complete the filing by the
current due date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Kirk Hartle (702) 798-7777
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(Name) (Area Code)(Telephone Number)
(2) Have all other periodic reports required under Section
13 or 15(d) of the Securities Exchange Act of 1934 or
Section 30 of the Investment Company Act of 1940
during the preceding 12 months (or for such shorter)
period that the Registrant was required to file such
reports) been filed? If answer is no, identify report(s). [X]Yes [ ]No
(3) Is it anticipated that any significant change in results
of operations from the corresponding period for the last
fiscal year will be reflected by the earnings statements
to be included in the subject report or portion thereof? [X]Yes [ ]No
NARRATIVE AND QUALITATIVE EXPLANATION OF THE ANTICIPATED CHANGE:
The Company expects to report that during the nine months ended September 30,
1999, that it had total revenues of $7,704,295 as compared to total revenues
of $2,253,000 during the nine months ended September 30, 1998. The Company
also expects to report that it had a net loss of approximately $2,003,000
during the nine months ended September 30, 1999, as compared to a net loss of
$764,000 during the same period last year. The increase in revenues in 1999
is primarily due to a full nine months of operations of the Sportpark in Las
Vegas which was not operational during the same period last year. The
increase in the net loss is primarily a result of the fact that during the
nine months ended September 30, 1998, the Company had a gain on the sale of
its interest in the Callaway Golf Center in May 1998.
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SPORTS ENTERTAINMENT ENTERPRISES, INC.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
SPORTS ENTERTAINMENT ENTERPRISES, INC.
By:/s/ Kirk Hartle
Kirk Hartle, Chief Financial Officer
Date: November 16, 1999
[ATTENTION: Intentional misstatements of omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).]