Dunes Hotels & Casinos - DUNE- Profile

Dunes Hotels and Casinos Inc. operates in two business segments - real estate and agriculture. The company sells completed residential lots to builders of custom homes and to the general public. The company also leases agricultural properties to farmers in California, generally for a short period of one year or less and dries and stores harvested grain. The subsidiaries of the company are Continental California Corporation, M & R Corporation, M & R Investment Company, Inc., SHF Acquisition Corporation and Southlake Acquisition Corporation. Real estate accounted for 93% of 1999 revenues and grain drying and storage, 7%.