Nona Morelli’s II Inc.: The leisure and...
Nona Morelli’s II Inc.: The leisure and entertainment company said its share of the net income in July from two Macao casinos was about $2.2 million. Nona Morelli’s II in May acquired a 40% interest in two casinos from Hong Kong-based Dragon Sight International Amusement Co. The casinos reported net income of $5.46 million in July. Irvine-based Nona Morelli’s lost $1.6 million in the nine months ended March 31.
As part of the deal, Dragon Sight acquired a 76% interest in Nona Morelli’s. Nasdaq delisted the Irvine company’s stock Aug. 17, saying Dragon Sight’s acquisition of a controlling interest created a new listing that failed to meet the minimum Nasdaq price of $3 a share.
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