Jackpot Enterprises

Jackpot Enterprises, Inc.

Company type	Public
Industry	Gambling, Investment management
Predecessor	Cardivan Company, Corral United, Inc.
Founded	June 1980 (1980-06)
Fate	Transformed into Epoch Holding Corporation; acquired by Toronto-Dominion Bank in 2013
Headquarters	New York City , United States
Area served	United States
Products	Gambling machine routes, Casinos, Investment management

Jackpot Enterprises, Inc. was a U.S.-based operator of gambling machine routes and casinos from 1980 until the late 1990s. The company was publicly traded on the New York Stock Exchange (NYSE) under the symbol "J" between 1987 and 2002. During the dot-com era, it transformed into a technology-focused entity named J Net Enterprises, Inc., ultimately evolving into Epoch Holding Corporation, an investment management firm.

Gambling operations

Founded as a Nevada corporation in June 1980, Jackpot Enterprises merged two route operators—Cardivan Company and Corral United, Inc.—and by 1995 had acquired controlling interests in Corral Coin, Inc. and Corral Country Coin, Inc.

The company grew its portfolio by purchasing properties such as the Owl Club in Battle Mountain in 1990 and the Nugget in Reno in 1995. It managed casinos including Debbie Reynolds' Hollywood Hotel and Casino in Las Vegas starting in 1993, as well as the Pony Express Casino located in Jackpot, Nevada beginning in 1995. Additionally, Jackpot engaged in joint ventures like operating a dockside casino at Mhoon Landing, Mississippi during 1993-1994. By mid-1995, it had ceased casino activities in Deadwood, South Dakota, and closed the Post Office Casino.

Its route operations reached prominent retail chains including Albertsons, American Stores, Kmart, Thrifty PayLess, and Warehouse Markets, accounting for roughly half of the company's revenue in 1995.

J Net

In March 2000, Jackpot Enterprises abruptly shifted its focus toward technology investments, investment management, and dot-com incubation. It acquired majority ownership of Meister Brothers Investments and InterWorld Corporation.

Following the sale of its slot machine route business to Affinity Gaming for $41 million, the company rebranded as J Net Enterprises, Inc. on December 6, 2000. J Net was removed from the NYSE listing in May 2002 and subsequently traded on the Over-the-Counter Bulletin Board (OTCBB) under the ticker "JNEI."

InterWorld Corporation, J Net’s e-commerce software subsidiary with a 95% ownership stake, filed for Chapter 7 bankruptcy in May 2004 amid an ongoing Securities and Exchange Commission investigation that predated J Net’s acquisition.

Epoch

Epoch Investment Partners, Inc. (EIP), founded by William W. Priest in April 2004 as an investment advisory firm, was acquired by J Net on June 4, 2004. This acquisition marked a strategic pivot toward exclusive investment management activities as J Net divested its e-commerce and technology assets, including selling IW Holdings, Inc. in September 2004.

To establish a Delaware-based corporate entity, J Net created Epoch Holding Corporation on November 29, 2004, completing a merger into this new structure by December 3, 2004. The company’s headquarters were located in New York City. On October 4, 2005, Epoch moved its stock listing from over-the-counter markets to the NASDAQ Capital Market, improving its visibility among investors.

In March 2013, Epoch was acquired by the Toronto-Dominion Bank, representing a major growth milestone. The transaction provided shareholders with $28.00 per share and concluded Epoch’s independent Securities and Exchange Commission filings by April of that year.

External links

• SEC EDGAR filings for Epoch Holding Corp.