<PAGE>   1



                                    FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


[X]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

         For the quarterly period ended     JUNE 30, 1999
                                            -------------

[ ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

         For the transition period from ___________ to ____________


                         Commission File Number 1-12095

                               JCC HOLDING COMPANY
                               -------------------
             (Exact name of registrant as specified in its charter)


          Delaware                                            62-1650470
          --------                                            ----------
(State or other jurisdiction                                (IRS employer
      of incorporation)                                 identification number)

                             512 South Peters Street
                             New Orleans, Louisiana
                             -----------------------
                    (Address of principal executive offices)

                  Registrant's telephone number (504) 533-6000


         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes X  No
                                      ---   ---

         Indicate by check mark whether the registrant has filed all documents
and reports required to be filed by Section 12, 13 or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a plan
confirmed by a court. Yes   X   No
                          ----     ----

         Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.

         As of August 13, 1999 a total of 5,626,377 shares of Class A Common
Stock, par value $.01 per share, and a total of 4,452,623 shares of Class B
Common Stock, par value $.01 per share, of JCC Holding Company were outstanding.


<PAGE>   2


                      JCC HOLDING COMPANY AND SUBSIDIARIES
                     INDEX TO QUARTERLY REPORT ON FORM 10-Q

<TABLE>
<CAPTION>


                                                                                                PAGE
                                                                                               NUMBER
                                                                                            --------------

<S>                                                                                       <C>
SPECIAL CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS                                    2

PART I    FINANCIAL INFORMATION

          Item 1. Financial Statements                                                            2

          Condensed Consolidated Balance Sheets as of
              June 30, 1999 and December 31, 1998 (Unaudited)                                     3

          Condensed Consolidated Statements of Operations for the
              Three and Six Months Ended June 30, 1999 and 1998 (Predecessor)(Unaudited)          4

          Condensed Consolidated Statements of Cash Flows for the
              Six Months Ended June 30, 1999 and 1998 (Predecessor)(Unaudited)                    5

          Notes to Condensed Consolidated Financial Statements (Unaudited)                        6

          Item 2. Management's Discussion and Analysis of Financial
              Condition and Results of Operations                                                 9

          Item 3. Quantitative and Qualitative Disclosures About Market Risk                     14

PART II  OTHER INFORMATION

          Item 4.  Submission of Matters to a Vote of Security Holders                           15

          Item 6. Exhibits and Reports on Form 8-K                                               15

SIGNATURES                                                                                       16
</TABLE>




<PAGE>   3


         SPECIAL CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS

         Statements in this Quarterly Report on Form 10-Q which are not
historical fact, including in particular statements regarding (1) the plans,
objectives, expectations and prospects of JCC Holding Company ("JCC Holding")
and its subsidiaries and (2) the construction and opening by a subsidiary of JCC
Holding of a land-based casino in New Orleans, Louisiana (the "Casino"), are
forward-looking statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. The words "expect,"
"anticipate," "intend," "plan," "believe," "seek," "estimate" and similar
expressions identify forward-looking statements. Important factors that could
cause actual results to differ materially from the results anticipated by the
forward-looking statements include, without limitation, the inability of JCC
Holding's subsidiary to construct and open, and the timing of the construction
and opening of, the Casino and the other risks detailed in JCC Holding's Annual
Report on Form 10-K under the heading "Item 7. Management's Discussion and
Analysis of Financial Condition and Results of Operations -- Factors Affecting
Future Performance" and other filings by JCC Holding with the Securities and
Exchange Commission.

                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS



                                       2
<PAGE>   4

                  JCC HOLDING COMPANY AND SUBSIDIARIES
                  (SUCCESSOR TO HARRAH'S JAZZ COMPANY)
                 CONDENSED CONSOLIDATED BALANCE SHEETS
                  JUNE 30, 1999 AND DECEMBER 31, 1998
                              (UNAUDITED)
                   (IN THOUSANDS, EXCEPT SHARE DATA)


<TABLE>
<CAPTION>

                                                                                  June 30,      December 31,
                                                                                    1999            1998
                                                                                ------------    ------------
                               ASSETS

<S>                                                                             <C>             <C>
Current Assets:
     Cash and cash equivalents (includes restricted
         cash of $3,190 and $605, respectively)                                 $      9,537    $     25,506
     Prepaids and other assets                                                         2,888           1,741
                                                                                ------------    ------------
             Total current assets                                                     12,425          27,247
                                                                                ------------    ------------

Property and Equipment:
     Buildings                                                                        19,959              --
     Property held for development                                                    13,885          13,200
     Construction in progress (includes restricted
         cash of $13,893 and $9,218, respectively)                                   265,453         192,917
     Furniture, fixtures and equipment                                                12,590          12,612
                                                                                ------------    ------------
             Total                                                                   311,887         218,729
     Less - accumulated depreciation                                                    (357)            (71)
                                                                                ------------    ------------
             Net property and equipment                                              311,530         218,658
                                                                                ------------    ------------

Deferred assets, net of amortization:
     Deferred operating contract                                                      68,676          68,676
     Lease prepayments                                                                16,985          16,985
     Other                                                                            15,880          11,565
                                                                                ------------    ------------
             Total deferred assets, net of amortization                              101,541          97,226
                                                                                ------------    ------------

                                    TOTAL ASSETS                                $    425,496    $    343,131
                                                                                ============    ============

                  LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
     Accounts payable                                                           $         49    $        643
     Accrued expenses                                                                 15,704          14,659
                                                                                ------------    ------------
             Total current liabilities                                                15,753          15,302
                                                                                ------------    ------------

Long-Term Debt                                                                       276,806         185,519

Deferred Income Taxes                                                                 37,900          37,900

Commitments and Contingencies

Stockholders' Equity:
     Common Stock:
         Unclassified common stock (40,000,000 shares authorized; none
             issued and outstanding; par value $.01 per share)                            --              --
         Class A common stock (20,000,000 shares authorized; 5,626,377 shares
             issued and outstanding; par value $.01 per share)                            56              55
         Class B common stock (20,000,000 shares authorized; 4,452,623 shares
             issued and outstanding; par value $.01 per share)                            45              45
     Additional paid-in capital                                                      108,451         107,987
     Accumulated deficit                                                             (13,128)         (3,677)
     Less - unearned compensation                                                       (387)             --
                                                                                ------------    ------------
             Total stockholders' equity                                               95,037         104,410
                                                                                ------------    ------------

             TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                         $    425,496    $    343,131
                                                                                ============    ============
</TABLE>



See Notes to Condensed Consolidated Financial Statements.




                                       3
<PAGE>   5


                      JCC HOLDING COMPANY AND SUBSIDIARIES
                      (SUCCESSOR TO HARRAH'S JAZZ COMPANY)
               CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR
              THE THREE AND SIX MONTHS ENDED JUNE 30, 1999 AND 1998
                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                                          JCC HOLDING    HARRAH'S JAZZ     JCC HOLDING    HARRAH'S JAZZ
                                                            COMPANY         COMPANY         COMPANY        COMPANY
                                                          (SUCCESSOR)    (PREDECESSOR)    (SUCCESSOR)    (PREDECESSOR)
                                                          ------------   -------------    ------------    ------------
                                                              THREE MONTHS ENDED                SIX MONTHS ENDED
                                                          ----------------------------    ----------------------------
                                                              1999           1998             1999             1998
                                                          ------------    ------------    ------------    ------------
                                                                       (IN THOUSANDS, EXCEPT SHARE DATA)

<S>                                                       <C>             <C>             <C>             <C>
Miscellaneous Revenues                                    $          4    $         26    $         10    $         50

Operating Expenses:
      General and administrative                                 6,465           5,036           9,289           7,918
      Depreciation and amortization                                236             144             407             293
                                                          ------------    ------------    ------------    ------------
            Total operating expenses                             6,701           5,180           9,696           8,211
                                                          ------------    ------------    ------------    ------------

Operating Loss                                                  (6,697)         (5,154)         (9,686)         (8,161)
                                                          ------------    ------------    ------------    ------------

Reorganization Items                                                --          (1,885)             --          (2,459)

Other income (expenses)
      Interest expense, net of capitalized interest                 --            (761)             --          (1,437)
      Interest and other income                                     70              --             235              --
                                                          ------------    ------------    ------------    ------------
            Total other income                                      70            (761)            235          (1,437)
                                                          ------------    ------------    ------------    ------------

Net Loss                                                  $     (6,627)   $     (7,800)   $     (9,451)   $    (12,057)
                                                          ============    ============    ============    ============

Basic Loss Per Share                                      $      (0.66)                   $      (0.94)
                                                          ============                    ============

Weighted Average Shares Outstanding                         10,054,692                      10,027,497
                                                          ============                    ============
</TABLE>



      See Notes to Condensed Consolidated Financial Statements.


                                       4

<PAGE>   6

                      JCC HOLDING COMPANY AND SUBSIDIARIES
                      (SUCCESSOR TO HARRAH'S JAZZ COMPANY)
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                FOR THE SIX MONTHS ENDED JUNE 30, 1999 AND 1998
                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                                                                        JCC HOLDING   HARRAH'S JAZZ
                                                                                          Company        Company
                                                                                        (Successor)   (Predecessor)
                                                                                        -----------   -------------
                                                                                           1999            1998
                                                                                        -----------   -------------
                                                                                               (IN THOUSANDS)

<S>                                                                                     <C>            <C>
Cash Flows From Operating Activities:
    Net loss                                                                            $    (9,451)   $   (12,057)
    Adjustments to reconcile net loss to net cash used in operating activities:
         Depreciation and amortization                                                          407            293
         Amortization of unearned compensation                                                   77             --
    Changes in operating assets and liabilities:
         Prepaids and other assets                                                           (1,147)             1
         Accounts payable                                                                      (594)         4,338
         Accrued expenses                                                                       404             --
         Pre-confirmation contingencies                                                      (1,688)            --
                                                                                        -----------    -----------
           Net cash flows used in operating activities                                      (11,992)        (7,425)
                                                                                        -----------    -----------

Cash Flows From Investing Activities:
    Capital expenditures                                                                    (82,084)          (477)
    Proceeds from sale of property                                                               42             --
    Increase in other deferred assets                                                        (4,435)            --
                                                                                        -----------    -----------
           Net cash flows used in investing activities                                      (86,477)          (477)
                                                                                        -----------    -----------

Cash Flows From Financing Activities:
    Proceeds from long-term borrowings                                                       82,500             --
    Proceeds from debtor-in-possession borrowings                                                --          7,871
                                                                                        -----------    -----------
           Net cash flows provided by financing activities                                   82,500          7,871
                                                                                        -----------    -----------

Net decrease in cash and cash equivalents                                                   (15,969)           (31)

Cash and cash equivalents, beginning of period                                               25,506          3,755
                                                                                        -----------    -----------

Cash and cash equivalents, end of period                                                $     9,537    $     3,724
                                                                                        ===========    ===========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
    Cash paid during the period for:
         Interest                                                                       $     2,558             --
    Noncash investing and financing activities:
         Increase in long-term debt for payment-in-kind interest payments               $     7,142             --
         Amortization of debt discount                                                  $     1,647             --
         Capitalized interest                                                           $    11,117             --
         Issuance of restricted stock awards                                            $       464             --
</TABLE>


See Notes to Condensed Consolidated Financial Statements.




                                       5
<PAGE>   7


                      JCC HOLDING COMPANY AND SUBSIDIARIES
                      (SUCCESSOR TO HARRAH'S JAZZ COMPANY)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                  (UNAUDITED)

NOTE 1.  CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Nature of Business

         JCC Holding's purpose is to develop and operate the Casino in downtown
New Orleans, Louisiana at the foot of Canal and Poydras Streets on the site of
New Orleans' former convention center. The Casino is scheduled to open on
October 28, 1999 (the "Opening Date"). Through certain of its subsidiaries, JCC
Holding also plans to develop approximately 150,000 square feet of multipurpose
non-gaming entertainment space on the second floor of the Casino premises and
develop various adjacent properties for entertainment uses supportive of the
Casino. Currently, financing has not been obtained to fund the second floor
construction or the development of these adjacent properties.


Basis of Presentation

         The accompanying unaudited condensed consolidated financial statements
of JCC Holding, a Delaware Corporation, and its subsidiaries, have been prepared
in accordance with the instructions to Form 10-Q, and therefore do not include
all information and notes necessary for complete financial statements in
conformity with generally accepted accounting principles. The results for the
periods indicated are unaudited, but reflect all adjustments (consisting only of
normal recurring adjustments) which management considers necessary for a fair
presentation of operating results. Results of operations for interim periods are
not necessarily indicative of a full year of operations. These condensed
consolidated financial statements and related notes should be read in
conjunction with the financial statements and notes for the period from October
30, 1998 to December 31, 1998 included in JCC Holding's Annual Report on Form
10-K for the year ended December 31, 1998.

Organization

         JCC Holding was incorporated under Delaware law on August 20, 1996 in
contemplation of succeeding to all of the assets and liabilities of Harrah's
Jazz Company ("HJC" or "Predecessor"), a general partnership, which filed for
relief under the United States Bankruptcy Code on November 22, 1995. HJC's
general partners included a wholly-owned subsidiary of Harrah's Entertainment,
Inc. ("HET"). JCC Holding conducts business through its wholly-owned
subsidiaries, Jazz Casino Company, L.L.C., a Louisiana limited liability company
("JCC"), JCC Development Company, L.L.C., a Louisiana limited liability company
("JCC Development"), JCC Canal Development L.L.C. (formerly CP Development,
L.L.C.), a Louisiana limited liability company ("Canal Development"), and JCC
Fulton Development, L.L.C. (formerly FP Development, L.C.C.), a Louisiana
limited liability company ("Fulton Development" and, together with JCC Holding,
JCC, JCC Development and Canal Development, the "Company").

         On October 30, 1998 (the "Effective Date") in accordance with the Third
Amended Joint Plan of Reorganization (the "Plan" or the "Plan of
Reorganization"), which was confirmed by the United States Bankruptcy Court (the
"Bankruptcy Court") on October 13, 1998, the Company became the successor to the
operations of HJC. Except for certain real property which vested in Canal
Development and Fulton Development, all of the assets of HJC vested in JCC. On
the Effective Date in connection with the Plan of Reorganization, JCC Holding
issued an aggregate of 10 million shares of its Common Stock consisting of both
Class A and Class B stock. The former bondholders of HJC received an aggregate
of 5,197,377 shares of Class A Common Stock which constitutes approximately 52%
of the issued and outstanding Common Stock. In addition, the former bondholders
also received their pro rata share of (i) $187.5 million in aggregate principal
amount of JCC's Senior Subordinated Notes With Contingent Payments due 2009 (the
"New Notes") and (ii) JCC's Senior Subordinated Contingent Notes due 2009 (the
"New Contingent Notes"). HET, through a wholly-owned subsidiary, acquired
beneficial ownership of the Class B Common Stock and currently is the beneficial
owner of 4,302,623 shares, which constitutes approximately 43% of the issued and
outstanding Common Stock. These shares were acquired in consideration of, among
other things, an equity investment of $15 million and the conversion to equity,
and contribution to JCC Holding on the Effective Date of $60 million in
debtor-in-possession financing that had been provided to HJC by HET or its
affiliates over the course of the reorganization. Harrah's Crescent City
Investment Company, an indirect wholly-owned subsidiary of HET ("HCCIC"),
originally acquired 4,802,623 shares of Class B Common Stock under the Plan.
However, under certain settlement agreements entered into in connection with the
Plan, HCCIC






                                       6

<PAGE>   8


transferred from its acquired shares of Class B Common Stock (i) options to
purchase 300,000 shares to the stockholders of New Orleans Louisiana Development
Company, (ii) options to purchase 150,000 shares to Bank One, Louisiana, N.A.,
formerly known as First National Bank of Commerce ("Bank One") and (iii) its
right to receive 350,000 shares to the senior secured bondholders of Grand
Palais. Because the senior secured bond holders of Grand Palais are not
permitted to own Class B Common Stock under JCC Holding's Restated Certificate
of Incorporation, the shares received by them automatically converted into
shares of Class A Common Stock. Subsequent to the Effective Date, Bank One
exercised its options.

NOTE 2.  BUILDINGS

           Buildings on leased land are stated at cost. The related depreciation
is calculated using the straight-line method over the remaining life of the
ground lease (or 25 years).

NOTE 3.  STOCK-BASED COMPENSATION PLANS

         The Company accounts for stock-based compensation using the intrinsic
value method prescribed in Accounting Principles Board Opinion No. 25 ("APB
Opinion No. 25"), "Accounting for Stock Issued to Employees." Statement of
Financial Accounting Standards ("SFAS") No. 123, "Accounting for Stock-Based
Compensation," established accounting and disclosure requirements using a
fair-value method of accounting for stock-based employee compensation plans. The
Company has elected to adopt APB Opinion No. 25 to account for the stock-based
compensation plans and has adopted the disclosure requirements of SFAS No. 123.

         On October 29, 1998, the Board of Directors adopted the JCC Holding
1998 Long-Term Incentive Plan (the "LTIP"). The LTIP authorizes the granting of
awards to employees, officers, consultants and directors of the Company in the
following forms: stock options, stock appreciation rights, performance units,
restricted stock, dividend equivalents, other stock-based awards or any other
right or interest relating to, prior to the Transition Date (as defined below),
Class A Common Stock, or on or after the Transition Date, Unclassified Common
Stock. JCC Holding has reserved for issuance upon the grant or exercise of the
above awards 750,000 shares of the authorized but unissued shares of Class A
Common Stock and, after the Transition Date, Unclassified Common Stock.

         On April 29, 1999, the Company issued 79,000 shares of restricted Class
A Common Stock to certain officers of the Company under the LTIP. The restricted
shares have full voting and dividend rights during the restricted period;
however, the shares may not be sold, transferred or encumbered during the
restricted period. The restricted period will expire, and the restricted stock
will vest in full on January 1, 2003, or earlier upon the Company obtaining
certain performance goals. As of June 30, 1999, none of the restricted shares
had vested. The value of the stock was established at $5.88 per share, the
market price on the date of grant. Unearned compensation, representing the
market value of the restricted shares issued on the date of grant, was recorded
as a reduction in stockholders' equity. The unearned compensation is being
amortized ratably over the expected restricted period. During the second quarter
ended June 30, 1999, $77,357 was charged to expense related to these awards.

         The Company also granted non-qualified options to purchase 165,500
shares of Class A Common Stock under the LTIP on March 4, 1999. These
non-qualified stock options will expire ten years from the date of grant,
unless previously exercised or terminated pursuant to the terms of the option
agreements. The exercise price for each option granted under the LTIP is
recommended by the Compensation Committee of the Board of Directors, provided
that the exercise price for any incentive stock option may not be less than the
fair market value of the Class A Common Stock or, after the Transition Date,
Unclassified Common Stock subject to the option on the date of the grant. The
exercise price for each option granted under the LTIP on March 4, 1999 was
$3.63 per share, the fair market value of the Class A Common Stock on the date
of grant.

         On March 4, 1999, the Board of Directors adopted the 1999 Non-Employee
Director Stock Option Plan (the "DSOP"), which received stockholder approval on
May 13, 1999. Under the terms of the DSOP, options to purchase Class A Common
Stock, and on or after the Transition Date, Unclassified Common Stock, may be
awarded to certain non-employee directors of JCC Holding. JCC Holding has
reserved for issuance upon the exercise of stock options granted under the DSOP
an aggregate of 150,000 shares of the authorized by unissued shares of Class A
Common Stock and, after the Transition Date, Unclassified Common Stock. JCC
Holding granted options to purchase 20,000 shares of Class A Common Stock under
the DSOP on May 13, 1999. Options granted under the DSOP can not have a term of
more than ten years from the date of grant. The exercise price for each option
granted under the DSOP must be the fair market value of the shares of Class A
Common Stock or, after the









                                       7
<PAGE>   9


Transition Date, Unclassified Common Stock subject to the option on the date of
grant. The exercise price for each option granted under the DSOP on May 13, 1999
was $7.56 per share, the fair market value of the Class A Common Stock on the
date of grant.

         "Transition Date" means the date upon which the earliest of the
following events occurs: (1) the third anniversary of the date on which the
Casino is open to customers, (2) the end of two consecutive 12-month periods in
each of which contingent payments under the New Notes and the New Contingent
Notes equals or exceeds $15 million and (3) the end of a 30-day period during
which the average daily closing Minimum Market Value (as defined below) equals
or exceeds $435 million (as adjusted to account for purchases of Common Stock by
JCC Holding or JCC Holding's issuance of additional shares of Common Stock).
"Minimum Market Value" means, for any trading day, the sum of (a) the closing
price of Class A Common Stock multiplied by the number of shares of Class A
Common Stock that were issued to the former bondholders of HJC on the Effective
Date pursuant to the Plan of Reorganization and (b) the closing price for $1,000
of New Notes and New Contingent Notes divided by $1,000, and then multiplied by
the aggregate principal amount of the New Notes and New Contingent Notes
outstanding.

         Under SFAS 123, compensation cost is measured at the grant date based
on the value of the award and is recognized over the service (or vesting)
period. Had compensation cost for the stock options granted above been
determined under SFAS 123, based on the fair market value at the grant dates,
the Company's pro forma net loss and net loss per share would have been
reflected as follows (in thousands, except per share amounts):

<TABLE>
<CAPTION>

                                For the Three          For the Six
                                Months Ended           Months Ended
                                June 30, 1999          June 30, 1999
                                -------------          -------------
<S>                              <C>                   <C>
NET LOSS:
     As reported                 $    6,627              $    9,451
     Pro forma                   $    7,326              $   10,150

NET LOSS PER SHARE:
     As reported                 $     0.66              $     0.94
     Pro forma                   $     0.73              $     1.01
</TABLE>

         The fair value of each option grant is estimated on the date of grant
using the Black Scholes option pricing model with the following weighted average
assumptions used for those options granted in 1999: expected volatility of
39.57%, risk-free interest rate of 6.15%, expected lives of 10 years and no
dividend yield rate.

NOTE 4. CONTINGENCIES

         The Company is involved in various inquiries and administrative
proceedings arising in the normal course of business. While any proceeding has
an element of uncertainty, the Company believes that the final outcome of these
matters will not have a material adverse effect upon the Company's consolidated
financial position or its results of operations.

         The enactment and implementation of gaming legislation in the State of
Louisiana and the development of the Casino and related facilities have been the
subject of lawsuits, claims and delays brought about by various parties.
Additional lawsuits and the uncertain political environment may result in
further delays, all of which could have a material adverse effect on the
Company.




                                       8
<PAGE>   10


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

OVERVIEW

         JCC Holding was incorporated under Delaware law on August 20, 1996 to
succeed to all of the assets and liabilities of HJC, a general partnership,
which filed for relief under the Bankruptcy Code on November 22, 1995. JCC
Holding conducts business through its wholly-owned subsidiaries, JCC, JCC
Development, Canal Development and Fulton Development and, through JCC, is
constructing the Casino in downtown New Orleans, Louisiana at the foot of Canal
and Poydras Streets on the site of New Orleans' former convention center. On the
Effective Date, the Company became the successor to the operations of HJC in
accordance with the Plan of Reorganization as confirmed by the Bankruptcy Court.

FRESH-START REPORTING

         As of the Effective Date, the Company applied "fresh start" reporting,
which included adjustments of approximately $75 million to certain noncurrent
assets. As a result, the financial condition and results of operations of the
Company after giving effect to the Plan of Reorganization and the transactions
contemplated thereby are not comparable to the financial condition and results
of operations of either the Company or HJC as of any dates and for any periods
prior to the Effective Date.

DEVELOPMENT ACTIVITIES

         As redesigned pursuant to the Plan of Reorganization, the Casino will
contain five themed areas named The Jazz Court, The Mardi Gras Court, The
Smuggler's Court, The Court of the Mansion and The Court of Good Fortune. The
remaining space will be used for additional gaming activities, a food service
area, casino support facilities, and multi-function, special event and
meeting-room space. The Jazz Court will have a raised domed ceiling and occupy
the center of the Casino. Parking for approximately 300 cars and approximately
145,000 square feet of back-of-house and support areas will be provided
underneath the main gaming floor. Across Poydras Street and connected to the
Casino by an underground tunnel (the "Poydras Tunnel Area") will be two newly
constructed parking facilities which will contain approximately 1,550 parking
spaces. One of the parking facilities, which contains 1,000 parking spaces, was
completed and opened on June 14, 1999. It is currently being used by employees
and is generating revenues from downtown commercial parking customers. The
second facility, which will contain 550 parking spaces, is scheduled to be
completed prior to October 1, 1999.

         The Casino is scheduled to open and commence operations on October 28,
1999 and will include 100,000 square feet of gaming space, a 250-seat buffet,
two parking garages, the Poydras Tunnel Area and approximately 12,000 square
feet of multi-function, special event, food service and meeting-room space on
the first floor of the premises (the "Initial Casino Facilities"). Concurrently
with construction of the Initial Casino Facilities, the Company expects that
approximately 150,000 square feet of multipurpose non-gaming entertainment space
on the second floor of the Casino premises will be constructed to the point at
which the shell of the structure is complete as of the opening of the Casino
(the "Second Floor Shell Construction").

         Under the Plan of Reorganization, on the Effective Date, title to the
real property owned by HJC at 3 Canal Place in New Orleans, adjacent to the
Canal Place shopping center (the "3CP Property") vested in Canal Development,
and title to the real property owned by HJC on Fulton and Poydras Streets in New
Orleans adjacent to the Casino parking facilities (the "Fulton Property") vested
in Fulton Development. The Company currently intends that Canal Development and
Fulton Development will develop the properties, possibly with the assistance of
a third party developer, for entertainment and other uses that support the
Casino.

LIQUIDITY AND CAPITAL RESOURCES

         The Company estimates that from the date HJC filed for bankruptcy, the
total cost of completing the project was approximately $367.6 million. This
amount included, among other things, hard costs of completing construction of
the Casino, costs of obtaining gaming equipment and supplies, reorganization
costs related to the bankruptcy, payments to unsecured creditors and cure
payments in connection with the assumption of certain contracts. As of June 30,
1999, the remaining costs of completing the project were approximately $92
million, including $29 million in hard construction costs and $63 million for
gaming equipment and supplies and other pre-opening costs. Based upon the
Company's survey of gaming operations in the New Orleans and surrounding













                                       9
<PAGE>   11


marketplaces, most of which use coin slot machines, the Company has decided to
use coin slot machines rather than token machines, which the Company had
originally planned to use. Management believes this change in plans will enhance
its competitive position in the New Orleans and surrounding marketplaces.
However, this change will require the Company to load the machines prior to
opening with approximately $4 million in coins, the financing for which has not
yet been obtained. The Company is currently exploring financing alternatives to
meet this obligation, but cannot assure that additional financing will be
available, or if available, that it will be on terms favorable to the Company.
In the event that such financing is not available, the Company will consider
further alternatives including, among other things, the use of token slot
machines.

         The above estimate of total construction and other costs does not
include costs associated with the build-out of non-gaming tenant improvements on
the second floor of the Casino beyond the Second Floor Shell Construction and
the development of the 3CP Property and Fulton Property. The Company has not
obtained financing to fund this build-out or the development of the 3CP Property
and Fulton Property, and the Company cannot assure that it will obtain such
financing. Without financing, the Company will be unable to affect this
build-out and development.

         The funds necessary to complete the development and construction of the
Casino (including the installation of certain gaming equipment and other
furniture, fixtures and equipment, but excluding the funding of approximately $4
million in coins, the build-out of the non-gaming improvements on the second
floor of the Casino beyond the Second Floor Shell Construction and the
development of the 3CP Property and Fulton Property), and fund the Company's
working capital needs during this time are being, and are expected to continue
to be, derived from a combination of the following:

         o    the $15 million new equity investment from HCCIC made on the
              Effective Date in connection with the Plan of Reorganization;

         o    the $211.5 million of term loans (the "Term Loans") from a
              syndicate of lenders led by Bankers Trust Company (the "Bank
              Lenders") under the terms of a Credit Agreement ("Credit
              Agreement") among JCC, as borrower, JCC Holding, as guarantor, and
              the Bank Lenders;

         o    the $22.5 million of subordinated indebtedness under a credit
              facility (the "Junior Subordinated Credit Facility") among JCC,
              HET and Harrah's Operating Company, Inc. ("HOCI"); and

         o    the issuance of $27.3 million aggregate principal amount of 8%
              Convertible Junior Subordinated Debentures due 2010 (the
              "Convertible Junior Subordinated Debentures") of JCC.

         In addition, on the Effective Date, HET and HOCI (the "Completion
Guarantors") entered into a series of completion guarantees pursuant to which
HET and HOCI have guaranteed, among other things, the completion of the Casino
and the payment of all obligations of JCC up to and through the completion of
the Casino construction. This includes the duty to complete, equip and open the
Casino if JCC fails to commence or complete the Casino construction and to pay
JCC costs and expenses until the Casino opens prior to the Termination of
Construction Date.

         JCC also has up to $25 million available for working capital purposes
under a working capital line of credit (the "Working Capital Facility").
However, subject to certain exceptions, JCC must repay any amounts outstanding
under the Working Capital Facility on the Termination of Construction Date (as
defined below), which generally will occur when the Casino construction is
complete, the Casino is fully equipped and the Initial Casino Facilities have
opened for business as a casino gaming operation (the "Termination of
Construction Date").

         The Term Loans consist of the following:

         o    a $60 million A Term Loan (the "A Term Loan") comprised of:

                  (1)  a $10 million tranche ("Tranche A-1");

                  (2) a $20 million tranche ("Tranche A-2"); and

                  (3)  a $30 million tranche ("Tranche A-3").

         o    a $151.5 million B Term Loan (the "B Term Loan") comprised of:

                  (1)  a $30 million tranche ("Tranche B-1"); and

                  (2)  a $121.5 million tranche ("Tranche B-2").



                                       10
<PAGE>   12


         Funded principal amounts and terms of the Company's indebtedness as of
June 30, 1999 were (in millions):

<TABLE>
<CAPTION>

                                                                                 Remaining
                                                                     Funded      Available
                                                                    Amount(d)     Balance
                                                                   ----------    ----------
<S>                                                                <C>           <C>
Bank Lenders Term Loans:
      Tranche A-1, 6.06%(a), due 2006                              $     10.0    $       --
      Tranche A-2, 6.06%(a), due 2006                                      --          20.0
      Tranche A-3, 6.06%(a), due 2006                                    30.0            --
      Tranche B-1, 7.56%(a), due 2006                                    30.0            --
      Tranche B-2, average rate 7.75%(a), due 2006                       60.0          61.5

Junior Subordinated Credit Facility, 8.00%, due 2010                     22.5            --

Convertible Junior Subordinated Debentures, 8.00%, due 2010(b)           28.5            --

New Notes, 5.93%, due 2009(b)(c)                                        193.4            --
Unamortized Discount                                                    (97.6)
                                                                   ----------    ----------

Total Long-Term Debt                                               $    276.8    $     81.5
                                                                   ==========    ==========
</TABLE>

================================================================================

(a)   Interest rates on the Term Loans are variable based on LIBOR plus
      applicable percentage points.

(b)   Outstanding principal balances include additional principal amounts
      resulting from the May 15, 1999 payment-in-kind interest payments.

(c)   The fixed interest rates on the New Notes is 5.87% per annum, increasing
      over the first three years to 6.21% per annum in the fourth and fifth
      years and increasing to 8% per annum after the first five years.

(d)   Outstanding indebtedness does not include obligations under the New
      Contingent Notes.

================================================================================

         During the six months ended June 30, 1999, the Company borrowed $60
million under Tranche B-2 of the Bank Term Loans and $22.5 million under the
Junior Subordinated Credit Facility. Tranche A-2 and the remaining portion of
Tranche B-2 will be funded as required for the construction of the Casino, with
Tranche B-2 to be drawn prior to Tranche A-2. If any amount of Tranche A-2
remains undrawn upon completion of the construction of the Casino, it will be
drawn to pay down Tranche A-1. On May 15, 1999, the Company paid the first
interest payments of $6.0 million on the New Notes and of $1.2 million on the
Convertible Junior Subordinated Debentures in kind rather than in cash.

         JCC has the option to pay the first six semi-annual payments of fixed
interest on the New Notes in kind rather than in cash; provided, however, that
JCC must pay the first four semi-annual payments of fixed interest in kind if
Tranche A-1 and/or Tranche A-2 is outstanding when such payments are due. JCC
also has the option of paying the interest on the Convertible Junior
Subordinated Debentures, in whole or in part, in kind rather than in cash (1) at
any time on or prior to October 30, 2003, and (2) at any time thereafter if JCC
did not make contingent payments with respect to the New Contingent Notes on the
immediately preceding interest payment date for the New Contingent Notes.

         After the opening of the Initial Casino Facilities, JCC expects that
its working capital needs will be funded by a combination of up to $25 million
of borrowing availability under the Working Capital Facility and any operating
cash flows remaining after application of the excess cash flow sweep required by
the Credit Agreement. The Completion Guarantors have agreed to ensure that, upon
the completion of the Casino construction, JCC will have $5.0 million in cash
and up to $25 million under the Working Capital Facility.




                                       11
<PAGE>   13

         The Company expects that the capital expenditures necessary to operate
the Casino after the Opening Date will be funded by a capital replacement fund
JCC is required to establish pursuant to:

         o    the Amended Ground Lease, among JCC, Rivergate Development
              Corporation, as landlord, and the City of New Orleans, as
              intervenor;

         o    the Amended Management Agreement (the "Management Agreement")
              among JCC and Harrah's New Orleans Management Agreement (the
              "Manager"); and

         o    the Amended and Renegotiated Casino Operating Contract among HJC,
              JCC and the State of Louisiana, by and through the Louisiana
              Gaming Control Board (the "LGCB").

         JCC will be required to fund monthly payments into the capital
replacement fund in an aggregate amount equal to $3 million for the first 12
months following the Opening Date, $4 million for the second 12 months following
the Opening Date, $5 million for the third 12 months following the Opening Date,
and 2% of the gross revenues of the Casino for each fiscal month thereafter.

         Funds provided by a combination of these sources are expected to be
sufficient to satisfy the Company's financial obligations, other than the funds
required to load the slot machines with coins and paying interest in cash on the
New Notes and on the Convertible Junior Subordinated Debentures, during the next
12 months, including developing and commencing operations at the Casino up
through the opening of the Initial Casino Facilities and completing the Second
Floor Shell Construction, assuming no delays or construction cost overruns. The
Company is currently exploring alternatives to fund the approximately $4 million
required to load the slot machines prior to the Opening Date. JCC intends to pay
interest on the New Notes and on the Convertible Junior Subordinated Debentures
in kind rather than in cash (thus deferring cash interest payments) for at least
the next 12 months. In the event that the Company's sources of working capital
are not sufficient to fund the Company's working capital and other liquidity
needs, under certain circumstances JCC may also defer amortization payments
under the Term Loans and defer certain fees payable under the Management
Agreement. The Company cannot assure that additional financing will be available
to JCC, or that, if available, the financing will be on terms favorable to the
Company. In addition, the Company cannot assure that JCC's estimate of its
reasonably anticipated liquidity needs is accurate or that new business
developments or other unforeseen events will not occur resulting in the need to
raise additional funds.

RESULTS OF OPERATIONS

         Prior to consummation of the Plan of Reorganization, the Company had
not conducted any operations, generated any revenues or issued any capital
stock. During the three and six months ended June 30, 1999, the Company's
activities consisted primarily of administering the construction of the Casino
and preparing for opening the Casino in October 1999. In addition, prior to
consummation of the Plan of Reorganization and during the three and six months
ended June 30, 1998, the Predecessor's activities consisted of administering the
bankruptcy case, preparing the Plan of Reorganization and related Disclosure
Statement, negotiating with interested parties with respect to the Plan of
Reorganization, and related issues. The Predecessor's primary source of
operating funds was debtor-in-possession financing provided by HET and its
affiliates and its largest expenses were general and administrative expenses and
reorganization costs. Due to the application of "fresh start" reporting and
because neither the Company nor the Predecessor had any gaming operations and
all of their activities were related to the Chapter 11 reorganization during the
three and six months ended June 30, 1998, the Company believes that comparisons
between the three and six months ended June 30, 1999 and 1998 are not
meaningful.

         Because the Casino is not expected to be open for operation until
October 1999, the Company's revenues of $4,000 and $10,000 during the three and
six months ended June 30, 1999, respectively, and the Predecessor's revenues of
$26,000 and $50,000 during the corresponding periods in 1998 were generated
primarily from the rental income generated from a parking lot located on the 3CP
Property. The revenues generated by, and expenses incurred in connection with,
the operation of the Casino parking facility that was opened on June 14, 1999,
were not material.

         During the three and six months ended June 30, 1999, the Company
incurred general and administrative expenses of $6.5 million and $9.3 million,
respectively. These expenses consisted primarily of salaries and wages, legal
and professional fees, recruiting employees to work in the Casino and
pre-opening marketing. During the corresponding periods in 1998, the Predecessor
incurred general and administrative expenses of $5.0 million and $7.9 million,
respectively. These expenses consisted primarily of rent paid by HJC to the City
of New Orleans relating to the lease of the site on which the Casino is located
and salaries, wages and other costs associated with safeguarding the assets of
the bankrupt estate.

         During the three and six months ended June 30, 1999, the Company
incurred depreciation and amortization expenses of $236,000 and $407,000,
respectively. During the corresponding periods in 1998, the Predecessor






                                       12
<PAGE>   14


incurred depreciation and amortization expenses of $144,000 and $293,000,
respectively. These increases resulted primarily from the additional assets
being placed into service during 1999.

         During the three and six months ended June 30, 1999, the Company
capitalized interest expense of $6.0 million and $11.1 million, respectively,
incurred on outstanding indebtedness and generated interest income of $55,000
and $220,000, respectively, on amounts funded in connection with the Plan of
Reorganization. During the three and six months ended June 30, 1998, the
Predecessor incurred interest expense of $761,000 and $1.4 million,
respectively, on borrowings under its debtor-in-possession financing.

YEAR 2000 ISSUES

         The "Year 2000 issue" is the result of potential problems with computer
systems or any equipment with computer chips that use dates that have been
stored as two digits rather than four (e.g., "98" for 1998). On January 1, 2000,
any clock or date recording mechanism, including date sensitive software, which
uses only two digits to represent the year may recognize a date using "00" as
the year 1900 rather than the year 2000. If not corrected, this could result in
system failures or miscalculations causing disruption of operations, including,
among other things, a temporary inability to process transactions, or perform
similar tasks, as well as an interruption of the Company's gaming operations.
For a detailed description of the impact of the Year 2000 issue on the Company,
refer to the Company's Annual Report on Form 10-K for the year ended December
31, 1998 and the Company's Quarterly Report on Form 10-Q for the quarter ended
March 31, 1999.

         The Company's Readiness Status. For purposes of this document, "ready"
and "readiness" with respect to Year 2000 issues means that it is anticipated
that the product, process, or mechanism will operate during and after the Year
2000 in a manner that will not create a material and adverse impact on the
Company's operations or financial performance. Since commencing development
operations on the Effective Date, the Company has been evaluating its state of
readiness with respect to Year 2000 issues, the costs that may be incurred to
address any Year 2000 issues which may arise, and the effect on the Company of
any such Year 2000 issues.

         The Company operates principally through JCC's construction and
operation of the Casino. Under the terms of the Amended Management Agreement,
the Manager has the sole and exclusive right to manage and operate the Casino.
In connection with its management of the Casino, the Manager prepares and
delivers to JCC Holding quarterly reports ("Year 2000 Reports") regarding
certain Year 2000 issues relating to the operation of computer systems at the
Casino, including, imbedded chips of any nature, security systems, electrical
systems, gaming equipment and heating, ventilation and air conditioning systems.
JCC received the third Year 2000 Report on July 31, 1999 in which the Manager
identified the critical business systems and leased proprietary systems that it
has evaluated, or is in the process of evaluating, to determine such systems'
Year 2000 readiness. In this report, the Manager identified the progress that it
has made with respect to (1) the Year 2000 readiness on items that had not been
evaluated as of the prior Year 2000 Report, (2) the testing of its upgrades,
replacements and renovations, and (3) the testing of third party representations
that their systems impacting the Casino are Year 2000 ready. The Year 2000
Report also identified the measures that it will take, or has taken, to remedy
systems that are not Year 2000 ready including, upgrades, replacement and
renovation. While the Manager has indicated that the majority of the Casino's
critical business systems are Year 2000 ready, it has not completed assessing or
testing certain items, including the slot machines that will be used in the
Casino and such facilities equipment as the emergency power system and the
heating ventilation and air conditioning systems. The Company anticipates that
the assessment, testing and measures required to ensure that such critical
business systems are Year 2000 ready will be completed in conjunction with the
construction and pre-opening activities prior to the Casino Opening Date.

         The Company and the Manager have also sought to identify those third
parties whose operations may be impacted by the Year 2000 issue and on which the
Company's operations rely. This includes the contractors who the Company has
retained to complete the Casino construction (including sub-contractors), HET
and its affiliates (from whom gaming equipment and other systems have been and
will be acquired), the Manager, financial institutions that have provided
financing and other services to the Company, utility providers, vendors of
equipment used in the Casino (including gaming equipment, electronic
surveillance, electronic access and heating, ventilation and air conditioning)
and other suppliers. The Company and the Manager have incorporated Year 2000
certifications, representations and warranties in their agreements, bids and
purchase orders from such third parties. In addition, the Company and the
Manager also are gathering written materials published by such third parties or
are otherwise communicating directly with such third parties in order to
determine their Year 2000 readiness and the readiness of the products or
services they supply to the Company. Certain of the Company's utility providers
have confirmed that their systems are Year 2000 ready. While the Company and the
Manager have collected many responses and other materials from such third
parties regarding Year 2000 readiness, the process is ongoing and is expected to
continue up to and through the date when the






                                       13
<PAGE>   15



Casino opens for operations. The Company is not certain that the Year 2000 issue
will be properly and timely resolved with respect to all of these third parties
and, if not resolved by any such third party, this could materially and
adversely affect the Company's business, financial condition and results of
operations.

         Costs to Address the Year 2000 Issue. As of June 30, 1999, the Company
had not incurred any costs to address the Year 2000 issue in addition to the
amounts previously budgeted for equipping and constructing the Casino. In the
Year 2000 Report, the Manager indicated that it had not identified any Year 2000
issues that will result in cost increases over its current budget for equipping
the Casino. Although no incremental costs have been identified at this time,
until the Company's Year 2000 efforts are complete, there remains the potential
for incremental costs to be identified that may exceed the Manager's budget for
equipping the Casino. Accordingly, the Company cannot currently estimate the
costs that may be incurred to address or remedy any such Year 2000 issues. In
addition, if the costs of addressing or remedying the Company's Year 2000 issues
or problems resulting from Year 2000 issues of others prove to be significant,
it may materially and adversely affect the Company's business, financial
condition and results of operations.

         Risks. When open to the public, the Casino is expected to be heavily
dependent on the Manager, as well as financial institutions and the constant
availability of utilities. As a result, the Company currently believes that the
most reasonably likely worst case Year 2000 scenario would involve the Manager's
inability to operate the Casino, the inability of financial institutions to
supply the Casino funds and services, or the interruption for an extended period
of time of electric power, telephone or other utilities supplied to the Casino
due to a failure of the Manager, a financial institution, or a utility supplier
to be Year 2000 compliant. In addition, if the Company and/or its significant
suppliers fail to timely address and correct material Year 2000 issues, or if
corrections made by such suppliers to address Year 2000 issues are incompatible
with the Company's systems, the Year 2000 issue could materially and adversely
affect the Company's business, financial condition and results of operations.

         Contingency Plans. The Company is in the process of establishing a
contingency plan to address the most reasonably likely worst case scenarios
described above, including the feasibility of leasing additional generator
capacity to provide back-up power to the entire Casino in the event of a power
failure. However, the Company and the Manager have not completed the testing of
those internal systems which are available for testing or which it can test
feasibly and practically, and since the Company and the Manager are still in the
process of choosing suppliers, finalizing bid proposals as well as collecting
responses regarding Year 2000 readiness from existing suppliers, the Company has
not fully assessed its potential Year 2000 exposure. Accordingly, the Company
has not yet completed its Year 2000 contingency plans. The Company expects that
it will complete developing these plans as it completes the installation and
testing of computer hardware and software and equipment in the Casino and
negotiates contracts with its remaining significant suppliers prior to the
Casino Opening Date. Although the Company and the Manager are taking steps
believed to be sufficient to address the Year 2000 issues, these issues present
risks that may not be entirely foreseen and eliminated and which could
significantly affect the Company's business, financial condition and results of
operations.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

         The Company does not engage in trading market risk sensitive
instruments. The Company also does not purchase, for investment, hedging or for
purposes "other than trading," instruments that are likely to expose it to
market risk, whether interest rate, foreign currency exchange, commodity price
or equity price risk, except as discussed in the following paragraph. The
Company has not entered into any forward or futures contracts, purchased any
options or entered into any swaps. The Company has no foreign operations and
currently does not deal in foreign currencies. Thus, the Company does not
believe that it has any material exposure to foreign currency exchange rate
risk.

         The Company has a significant amount of indebtedness which accrues
interest at fixed and variable rates. As of June 30, 1999, the aggregate amount
of the Company's outstanding indebtedness was $374.4 million, of which $130.0
million accrued interest at variable rates and $244.4 million accrued interest
at fixed rates. The interest rate of the Company's variable rate indebtedness
will fluctuate with changes in the base rate and the LIBOR rate applicable under
the Credit Agreement. A change in either the base rate or LIBOR under the Credit
Agreement will affect the interest rate at which indebtedness outstanding under
the Credit Agreement accrues. As a result, a significant increase in either the
base rate or LIBOR could materially and adversely affect the Company's business,
financial condition and results of operations.



                                       14
<PAGE>   16

                           PART II - OTHER INFORMATION

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         At the Annual Meeting of Stockholders of JCC Holding held on May 13,
1999, the following matters were brought before and voted upon by the
Stockholders:

         1. A proposal to elect the following Group I Directors to the Board of
Directors to serve until the 2002 Annual Meeting of Stockholders:

<TABLE>
<CAPTION>

                                                              Withhold                            Broker
                                    For          Against      Authority           Abstain        Non-Votes
                                    ---          -------      ---------           -------        ---------

<S>                               <C>            <C>          <C>                <C>             <C>
         Colin V. Reed            4,302,623          --              --                --               --

         Seth E. Lemler           4,405,205          --            5,825               --               --
</TABLE>

The following members of the Board of Directors of JCC Holding will continue in
office after the Annual Meeting:

         Eddie N. Williams (Group II Director to serve until the 2000 Annual
         Meeting of Stockholders)

         Edwin Jacobson (Group II Director to serve until the 2000 Annual
         Meeting of Stockholders)

         John M. Boushy (Group III Director to serve until the 2001 Annual
         Meeting of Stockholders)

         Rudy J. Cerone (Group III Director to serve until the 2001 Annual
         Meeting of Stockholders)

         2. A proposal to approve JCC Holding's 1998 Long-Term Incentive Plan:


<TABLE>
<CAPTION>
For               Against                   Abstain             Broker Non-Votes

<S>               <C>                       <C>                 <C>
6,948,142         107,928                    2,833                1,773,730
</TABLE>

         3. A proposal to approve JCC Holding's 1999 Non-Employee Director
Stock Option Plan:

<TABLE>
<CAPTION>
For               Against                   Abstain             Broker Non-Votes

<S>               <C>                       <C>                 <C>
6,998,557         58,210                     2,136                1,773,730
</TABLE>

         4. A proposal to ratify the selection of Deloitte & Touche, LLP as
independent accountants of JCC Holding for the fiscal year ended December 31,
1999:

<TABLE>
<CAPTION>
For               Against                   Abstain             Broker Non-Votes

<S>               <C>                       <C>                 <C>
8,828,034           4,108                     491                        --
</TABLE>


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)      Exhibits.

         EXHIBIT
           NO.                       DESCRIPTION

         10.40      Employment Agreement, dated as of May 6, 1999, by and
                    between JCC Holding Company and Frederick W. Burford.

         27.01      Financial Data Schedule (for SEC use only).

(b)      On July 1, 1999, JCC Holding filed a Current Report on Form 8-K
         describing and filing slides presented by Frederick W. Burford, JCC
         Holding's President and Chief Executive Officer, at the Jeffries &
         Company, Inc. High Yield Gaming Conference in Atlantic City, New Jersey
         on June 28, 1999. The date of the earliest reportable event was June
         28, 1999.



                                       15
<PAGE>   17


                                   SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.

                                 JCC HOLDING COMPANY


Date:    August 13, 1999         By:        /s/ Frederick W. Burford
                                    -----------------------------------------
                                    Frederick W. Burford, President and Chief
                                    Executive Officer (Principal Executive
                                    Officer of the Registrant)


Date:    August 13, 1999         By:  /s/ L. Camille Fowler
                                     -----------------------------------------
                                     L. Camille Fowler, Vice President-Finance,
                                     Treasurer and Secretary
                                     (Principal Financial Officer and Principal
                                     Accounting Officer of the Registrant)



                                       16



<PAGE>   18

                               INDEX TO EXHIBITS


<TABLE>
<CAPTION>

         EXHIBIT
           NO.                       DESCRIPTION
         -------                     ------------

<S>                 <C>
         10.40      Employment Agreement, dated as of May 6, 1999, by and
                    between JCC Holding Company and Frederick W. Burford.

         27.01      Financial Data Schedule (for SEC use only).
</TABLE>