Brief: LV firm considering name change

Thursday, Nov. 19, 1998 | 11:41 a.m.

On Dec. 7, the Saint Andrews board will consider changing its name to All-American SportPark Inc. The park operates professional sports-licensed batting facilities and Go-Kart racing.

Saint Andrews and its parent company, Las Vegas Discount Golf & Tennis Co., also canceled a plan to merge. Both companies reported losses in quarterly earnings reports issued Tuesday, mostly attributed to opening expenses of the park at Las Vegas Boulevard South and Sunset Road.

Saint Andrews reported a third-quarter loss of $697,600, or 23 cents a share, on revenues of $6,500 compared with a loss of $125,000 or 4 cents on revenues of $7,000 in the same period in 1997.

Las Vegas Discount Golf showed a quarterly loss of $737,300, or 13 cents per share, compared with a $58,000, or 1 cent per share, in the same quarter for 1997. Revenues for the period were $562,100 for the quarter compared with $832,000 a year ago.

Saint Andrews officials said the company has received an infusion of cash with a 15-year, $13.5 million debt financing through Nevada State Bank and the previously announced sale of 2.3 million shares of Las Vegas Discount Golf stock to ASI Group, a team of investors headed by tennis star Andre Agassi and Sunbelt Communications Inc., which operates KVBC Channel 3.

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