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PART I Item 1. Business Introduction Jacobs Entertainment, Inc. (âJacobs Entertainmentâ) was formed as a Delaware corporation on April 17, 2001. We are a geographically diversified gaming and pari-mutuel wagering company with properties in Colorado, Louisiana, Nevada and Virginia.
In June 1986, Danaher purchased Chicago Pneumatic (CP) who had just recently merged in July 1984 with a sister company The Jacobs Manufacturing Company (Jacobs) and who had purchased Matco Tools Corporation (MTC) in April 1981. Danaher sold CP in June 1987, retaining Jacobs, including its Matco Tools Division. Jacobs' name was changed to Matco Tools Corporation in November 1991, and the other divisions within Jacobs were established as separate operating companies. In January 1993, Danaher formed NMTC, Inc., which acquired a substantial portion of the assets of MTC, including the existing distributorship agreements of MTC.