CASINO MAGIC CORP Sample Clauses

CASINO MAGIC CORP. EMPLOYEE

CASINO MAGIC CORP. By: /s/ Xxxxxx X. Xxxxxxxx ------------------------------- Xxxxxx X. Xxxxxxxx President

CASINO MAGIC CORP. BSL, INC., a Minnesota corporation a Mississippi corporation By: _____________________________ By: ______________________________ _____________________________ ______________________________ Its: _____________________________ Its: ______________________________ EXHIBIT C --------- License Agreement This LICENSE AGREEMENT ("Agreement") is made and entered into this ____ day of ________, 2000, by and between CASINO MAGIC CORP., a Minnesota corporation ("Licensor"), and BSL, INC., a Mississippi corporation ("Licensee"), with reference to the following facts:

CASINO MAGIC CORP a Minnesota corporation (“Grantor” for recording purposes only; hereinafter referred to as “Trustor”), as trustor, L&GST Corporation, a corporation, as trustee (“Trustee”), and XXXXXX COMMERCIAL PAPER INC., as “Administrative Agent” for the “Lenders” (as each of those terms is defined in the Credit Agreement), as beneficiary and secured party (“Beneficiary”) is made with reference to that certain Deed of Trust with Assignment of Rents, Security Agreement and Fixture Filing dated as of December 17, 2003 and recorded on December 22, 2003, as amended by that certain First Amendment to Deed of Trust with Assignment of Rents, Security Agreement and Fixture Filing dated August 26, 2004 and recorded on September 7, 2004 (as amended, the “Existing Deed of Trust”). Capitalized terms used and not otherwise defined herein shall have the meanings given to them in that certain Second Amended and Restated Credit Agreement dated as of December __, 2005 among PINNACLE ENTERTAINMENT, INC., a Delaware corporation (“Borrower”), Beneficiary, BEAR XXXXXXX CORPORATE LENDING, INC., as Syndication Agent, and each of the Lenders which executed such agreement (as it may be amended, restated, amended and restated, modified, supplemented, or replaced from time to time, the “Credit Agreement”). The Existing Deed of Trust is being amended and restated in part to amend and restate the acknowledgment in the Existing Deed of Trust and also to reflect the changes being made to the Secured Obligations hereunder by the Credit Agreement. Promissory notes heretofore requested by Lenders are being executed and delivered substantially concurrently with the execution of the Credit Agreement. Effective as of the date hereof (the “Effective Date”), the Existing Credit Agreement is being amended and restated, among other things, to extend the term of the term loan facility and the revolving loan facility, to increase the aggregate principal amount of the credit facilities thereunder from $400,000,000 to $750,000,000, and to permit (subject to certain conditions and agreement of lenders to provide the same) an additional incremental facility of $250,000,000 (which would cause the total of the credit facilities to equal $1,000,000,000).

CASINO MAGIC CORP. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED) issued, acquired or substantively modified after December 31, 1997 (and, at the company's election, before January 1, 1998). The Company's management believes the impact of adopting Statement 133 on the financial statements is expected to be immaterial.

CASINO MAGIC CORP. MARDI GRAS CASINO CORP., a Minnesota corporation a Mississippi corporation

CASINO MAGIC CORP. By:_________________________________ Its:________________________________ LICENSEE: BSL, INC. By:_________________________________ Its:________________________________ -9- ATTACHMENT A ------------ Marks

CASINO MAGIC CORP. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (INFORMATION WITH RESPECT TO THE THREE AND SIX MONTHS ENDED JUNE 30, 1998 AND 1997 IS UNAUDITED) 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Organization and basis of presentation: Casino Magic Corp. and Subsidiaries is an international gaming company with operations in Bay Saint Louis, Mississippi ("Casino Magic-BSL"), Biloxi, Mississippi ("Casino Magic-Biloxi"), Bossier City, Louisiana ("Casino Magic-Bossier City"), and the Argentina Province of Neuquen in the cities of Neuquen City and San Martxx xx los Andes ("Casino Magic-Neuquen"). Unless the context requires otherwise, reference in this report to the "Company" means Casino Magic Corp. and its relevant subsidiaries, and reference to "Casino Magic" means Casino Magic Corp. The consolidated financial statements include the accounts of Casino Magic and its wholly-owned and majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. The accompanying unaudited consolidated financial statements contain all adjustments which are, in the opinion of management, necessary for a fair statement of the results of the interim periods. The results of operations for the interim periods are not indicative of results of operations for an entire year. It is suggested that these consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 1997, and Form 10-Q for March 31, 1998. Certain reclassifications have been made to 1997 amounts to conform with the June 30, 1998 presentation. 2. NEW ACCOUNTING PRONOUNCEMENTS (a) Accounting for Start-Up Costs: During April 1998, the Accounting Standards Executive Committee of the AICPA issued Statement of Position 98-5 ("SOP"), "Reporting on the Costs of Start-Up Activities." The SOP requires costs of start-up activities and organization costs to be expensed as incurred. The SOP is effective for financial statements for fiscal years beginning after December 15, 1998. The company has not adopted the SOP. However, due to the opening of the hotel at Casino Magic-Biloxi in May 1998, all start-up costs associated with the hotel have been expensed in the quarter ended June 30, 1998, in accordance with Company policy. (b) Accounting for Derivative Instruments and Hedging Activities: In June 1998, the Financial Accounting Standards Board is...

CASINO MAGIC CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS JUNE 30, DECEMBER 31, 1998 1997(*) -------- ------------ (UNAUDITED) ASSETS Current assets: Cash and cash equivalents................................. $ 17,470,386 $ 20,986,510 Restricted marketable securities.......................... 11,699,487 10,629,405 Other current assets...................................... 8,927,714 8,124,872 ------------ ------------ Total current assets................................. 38,097,587 39,740,787 Property and equipment, net................................. 279,831,475 263,993,452 Other long-term assets...................................... 64,818,117 68,970,578 ------------ ------------ $382,747,179 $372,704,817 ------------ ------------ LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities......................................... $ 50,806,822 $ 51,031,097 Other long-term liabilities and minority interest........... 8,358,639 8,748,212 Long-term debt, net of current maturities................... 259,545,594 253,471,219 Shareholders' Equity Common stock, $0.01 par, 50,000,000 shares authorized, 35,722,124 issued and outstanding at June 30, 1998 and December 31, 1997......................................... 357,221 357,221 Undesignated stock, 2,500,000 shares authorized, none issued.................................................... -- -- Additional paid-in capital.................................. 67,122,856 67,122,852 Retained deficit............................................ (3,294,753) (7,762,270) Less unearned compensation.................................. (149,200) (263,514) ------------ ------------ Total shareholders' equity........................... 64,036,124 59,454,289 ------------ ------------ $382,747,179 $372,704,817 ============ ============

CASINO MAGIC CORP. AND SUBSIDIARIES INDEX