CLEV
Industry:
Consumer Services Capital Goods

DESCRIPTION

Concrete Leveling Services is a shell company with no employees, no revenue, and no active operations. The company has two planned business divisions: concrete leveling and gaming and hospitality. The concrete leveling division plans to fabricate and sell a truck-mounted unit that mixes lime with water and pumps the mixture under pressure into pre-drilled holes to raise flat concrete surfaces. The gaming and hospitality division is built around a planned acquisition of Jericho Associates, through which the company intends to pursue casino gaming, hospitality, and entertainment opportunities in California and Nevada, including tribal and commercial casinos and casino gaming technology. The Jericho acquisition — first announced in March 2017 — remains contingent on regulatory approval, finalized closing documents, and completed financing for a contemplated casino and hotel resort project. The company holds 50% interests in two LLCs with a term sheet to develop a casino and hotel resort, though financing remains unresolved. The company envisions that if the casino resort project proceeds, it could also create demand for its concrete leveling services in construction.

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