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StumbleInvestor’s Jackpot stake tops 10%
Friday, Feb. 4, 2000 | 10:40 a.m.
Prominent New York investor Mario Gabelli reported a sizable increase in his stake in Las Vegas-based Jackpot Enterprises Inc.
Documents filed with the Securities and Exchange Commission on Thursday indicate several funds controlled by Gabelli purchased 94,000 shares over the past week. Gabelli spent nearly $1 million, at an average of $10.61 per share.
The purchases increased Gabelli's holdings in the company by about 11 percent.
Gabelli's funds now hold 896,600 shares of Jackpot, a 10.39 percent stake in the company.
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