Vegas casino supplier studying strategic options

Monday, Feb. 11, 2002 | 9:46 a.m.

Mikohn Gaming Corp., a Las Vegas-based casino sign manufacturer, game maker and developer, said today it hired an investment bank to assist it in evaluating strategic alternatives, including mergers and acquisitions.

The investment bank is Jefferies & Co., a unit of Jefferies Group Inc., which is based on Los Angeles.

Mikohn said it is also studying the sale of operating units and product lines that no longer fit the casino supplier's objectives. Mikohn has annual revenue of about $106 million.

In morning trading on the Nasdaq Stock Market, shares of Mikohn were down 63 cents, or 7.9 percent, at $7.40.

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