Exhibit 99.1
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Elsinore Corporation
000 Xxxxxxx Xxxxxx
Xxx Xxxxx, Xxxxxx 00000
September 1, 1999
Xx Xxxxxxx X. Xxxxxxxxx
0000 Xxx Xxxxx Xxxxxxxxx Xxxxx
Xxx Xxxxx, Xxxxxx 00000-0000
Re: Elsinore Management Agreement
Dear Xxxx:
Reference is made to the Management Agreement, dated as of February 28,
1996 by and among Elsinore Corporation ("Elsinore"), Four Queens, Inc. ("Four
Queens") and Riviera Gaming Management Corp.-Elsinore (the "Agreement").
Assuming that the Agreement is operative (an open issue given that it
was never signed) we want to terminate the management relationship between us.
We hereby give you 120 days notice of termination pursuant to Section 2.2 of the
Agreement. In all events, we hereby terminate the management relationship
effective 120 days from the date hereof.
We ask that you promptly deliver to Elsinore any books, records, data
(including all computer files and any customized programs necessary to access
all data), instruments or other documentation relating to Elsinore or Four
Queens in your possession or under your control. We assume that with your full
cooperation, we will be able to transfer the computer system within the four
month time frame. Should we be unable to complete the transition within that
time frame, I hope we can count on your continued cooperation and assistance in
this effort.
Sincerely,
Xxxxx Waterfall
cc: Xxxxxxxx X. Xxxxx, Esq.
Dechert Price & Xxxxxx
00 Xxxxxxxxxxx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
