Business Services Industry

Las Vegas Review-Journal Inside Business Column.

Knight Ridder/Tribune Business News, August, 2002

Las Vegas Review-Journal Knight Ridder/Tribune Business News

Aug. 23--LEISURE INDUSTRIES ACQUIRES LAND PARCEL: Leisure Industries Corp. of America, the parent company of Las Vegas time share developer Leisure Industries Corp., said Wednesday it acquired 2,109 acres of land in northern Arizona from Arizona Acreage for $250,000 in cash and 540,416 shares of common stock valued at $6 per share.

In a statement, Leisure Industries, formerly known as Mego Financial Corp., said it intends to use the land to develop and market as second home and vacation home sites. The land is off U.S. Highway 93 between Las Vegas and Kingman, Ariz., the company said.

Leisure Industries shares fell 14 cents, or 7.11 percent, Thursday to close at $1.83....

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