Jackpot Enterprises, Inc. was an American gambling machine route operator and casino operator from 1980 to the late 1990s, and had its common stock listed on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

(NYSE) with the one-letter

ticker symbol A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. In short, ticker symbols are arrangements of symbols or characters (generally Latin letters ...

"J" from 1987 to 2002. It changed its business focus to become a

dot-com company A dot-com company, or simply a dot-com (alternatively rendered dot.com, dot com, dotcom or .com), is a company that does most of its business on the Internet, usually through a website on the World Wide Web that uses the popular top-level domain ". ...

as J Net Enterprises, Inc. during the

dot-com bubble The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Compo ...

, and later became Epoch Holding Corporation, owning an

investment management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institut ...

firm.

History

Gambling operations

Jackpot Enterprises was incorporated in Nevada in June 1980 to take over two existing route operators, Cardivan Company and Corral United, Inc. From 1980 to 1995 it also came to acquire majority ownership of Corral Coin, Inc. and Corral Country Coin, Inc. SEC Accession No. 0000351903-95-000016. Jackpot acquired the Owl Club in Battle Mountain on July 1, 1990, and the Nugget in downtown

Reno Reno ( ) is a city in the northwest section of the U.S. state of Nevada, along the Nevada-California border, about north from Lake Tahoe, known as "The Biggest Little City in the World". Known for its casino and tourism industry, Reno is the ...

on June 30, 1995. It began its operation of the casino at Debbie Reynolds' Hollywood Hotel and Casino in

Las Vegas Las Vegas (; Spanish for "The Meadows"), often known simply as Vegas, is the 25th-most populous city in the United States, the most populous city in the state of Nevada, and the county seat of Clark County. The city anchors the Las Vegas ...

on June 28, 1993, and of the Pony Express Casino at the

Holiday Inn Express Holiday Inn Express is a mid-priced hotel chain within the InterContinental Hotels Group family of brands. Originally founded as an "express" hotel, their focus is on offering limited services at a reasonable price. Standard amenities lean tow ...

motel in

Jackpot, Nevada Jackpot is an unincorporated community and census-designated place (CDP) in Elko County, Nevada, United States. The population was 855 as of the 2020 census. Located less than from the Idaho border on US 93, Jackpot has been a popular casino ga ...

on January 26, 1995. Jackpot and President Riverboat Casinos operated a joint dockside casino at Mhoon Landing, Mississippi in 1993 and 1994, but closed it on July 8, 1994. Jackpot also operated casinos in

Deadwood, South Dakota Deadwood (Lakota: ''Owáyasuta''; "To approve or confirm things") is a city that serves as county seat of Lawrence County, South Dakota, United States. It was named by early settlers after the dead trees found in its gulch. The city had it ...

, but closed them on June 30, 1995. In February 1995, it also ended operations at Water Street Casino, Inc., which was doing business as the Post Office Casino. Jackpot also had route operations at several retail store chains, including the stores owned by

Albertson's Albertsons Companies, Inc. is an American grocery company founded and headquartered in Boise, Idaho. With 2,253 stores as of the third quarter of fiscal year 2020 and 270,000 employees as of fiscal year 2019, the company is the second-large ...

American Stores American Stores Company was an American public corporation and a holding company which ran chains of supermarkets and drugstores in the United States from 1917 through 1998. The company was incorporated in 1917 when The Acme Tea Company merged ...

Kmart Kmart Corporation ( , doing business as Kmart and stylized as kmart) is an American retail company that owns a chain of big box department stores. The company is headquartered in Hoffman Estates, Illinois, United States. The company was inc ...

Thrifty PayLess Thrifty PayLess Holdings, Inc. was a pharmacy holding company that owned the Thrifty Drugs and PayLess Drug Stores chains in the western United States. The combined company was formed in April 1994 when Los Angeles-based TCH Corporation, the pa ...

, and

Warehouse Markets A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities, town ...

, Inc. These retail store route operations provided around half of Jackpot's revenue in 1995.

J Net

In early March 2000, the company suddenly shifted its primary business focus to technology-related investments, investment management, and

dot-com business The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Compo ...

incubation. SEC Accession No. 0000351903-04-000050. It took a controlling stake in Meister Brothers Investments, and later in InterWorld Corporation. Jackpot changed its name to J Net Enterprises, Inc., on December 6, 2000, weeks after selling its slot route operations to the Herbst family for $41 million. J Net was delisted from the NYSE on May 8, 2002, and began trading on the

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(OTCBB) with the ticker symbol "JNEI". For the period ending 2002-06-30. InterWorld Corporation, which was J Net's e-commerce software business and 95% owned by J Net, filed for

Chapter 7 bankruptcy Chapter 7 of Title 11 of the United States Code (Bankruptcy Code) governs the process of liquidation under the bankruptcy laws of the United States, in contrast to Chapters 11 and 13, which govern the process of ''reorganization'' of a debto ...

in May 2004. InterWorld had been under investigation by the

Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

since March 2001, for events that occurred before J Net acquired InterWorld.

Epoch

Epoch Investment Partners, Inc. (EIP) was formed as an

investment advisor A financial adviser or financial advisor is a professional who provides financial services to clients based on their financial situation. In many countries, financial advisors must complete specific training and be registered with a regulatory ...

y firm in April 2004 by William W. Priest. J Net acquired EIP on June 4, 2004. J Net declared its intention to get out of the e-commerce and technology infrastructure businesses by June 2004 and concentrate solely on investment management and advisory service. It sold off its electronic commerce software subsidiary, IW Holdings, Inc., to IWH management in September 2004, and shut down the technology infrastructure business, leaving EIP as the only remaining business. To convert itself into a

Delaware corporation The Delaware General Corporation Law (Title 8, Chapter 1 of the Delaware Code) is the statute of the Delaware Code that governs corporate law in the U.S. state of Delaware. Adopted in 1899, the statute has since seen Delaware become the most im ...

, J Net Enterprises formed Epoch Holding Corporation on November 29, 2004, and merged itself into Epoch Holding Corporation on December 3, 2004. The new corporation was headquartered in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

. Epoch's shares switched from over-the-counter to the

NASDAQ Capital Market The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

on October 4, 2005. Epoch was sold to the

Toronto-Dominion Bank Toronto-Dominion Bank (french: links=no, Banque Toronto-Dominion), doing business as TD Bank Group (french: links=no, Groupe Banque TD), is a Canadian Multinational corporation, multinational banking and financial services corporation headquarte ...

in March 2013. The last Epoch Holding Corporation filing with the Securities and Exchange Commission was in April 2013. SEC Accession No. 0001193125-13-145307.

References

{{reflist, 35em

External links

SEC EDGAR results for Epoch Holding Corp.
American companies established in 1980 Gambling companies established in 1980 Gambling companies disestablished in 2013 Defunct companies based in Nevada Defunct companies based in New York City Dot-com bubble Gambling companies of the United States