<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     SEPTEMBER 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 November 12, 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>                                                                               <C>
SPECIAL CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS                                   2

PART I    FINANCIAL INFORMATION

          Item 1. Financial Statements                                                           2

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

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

          Condensed Consolidated Statements of Cash Flows for the
              Nine Months Ended September 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                     15

PART II   OTHER INFORMATION

          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 development by subsidiaries of JCC Holding of
non-gaming entertainment space on the second floor of the landbased casino in
New Orleans, Louisiana (the "Casino") operated by a subsidiary of JCC Holding
and of various adjacent properties for entertainment uses supporting 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 subsidiaries to develop the second floor of the Casino or their
properties adjacent to the Casino, and the timing of such development, 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
                     (SUCCESSOR TO HARRAH'S JAZZ COMPANY)
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                   SEPTEMBER 30, 1999 AND DECEMBER 31, 1998
                                  (UNAUDITED)
                       (IN THOUSANDS, EXCEPT SHARE DATA)

<TABLE>
<CAPTION>
                                                                                 SEPTEMBER 30,   DECEMBER 31,
                                                                                     1999           1998
                                                                                   ---------      ---------
<S>                                                                              <C>            <C>
                             ASSETS

Current Assets:
     Cash and cash equivalents (includes restricted
          cash of $3,801 and $605, respectively)                                   $  10,258      $  25,506
     Prepaids and other assets                                                           979          1,741
                                                                                   ---------      ---------
               Total current assets                                                   11,237         27,247
                                                                                   ---------      ---------

Property and Equipment:
     Buildings                                                                        19,959             --
     Property held for development                                                    14,670         13,200
     Construction in progress (includes restricted
          cash of $8,473 and $9,218, respectively)                                   305,923        192,917
     Furniture, fixtures and equipment                                                12,601         12,612
                                                                                   ---------      ---------
               Total                                                                 353,153        218,729
     Less - accumulated depreciation                                                    (666)           (71)
                                                                                   ---------      ---------
               Net property and equipment                                            352,487        218,658
                                                                                   ---------      ---------

Deferred assets, net of amortization:
     Deferred operating contract                                                      68,676         68,676
     Lease prepayments                                                                16,985         16,985
     Other                                                                            18,026         11,565
                                                                                   ---------      ---------
               Total deferred assets, net of amortization                            103,687         97,226
                                                                                   ---------      ---------

                                         TOTAL ASSETS                              $ 467,411      $ 343,131
                                                                                   =========      =========

                     LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
     Current portion of long-term debt                                             $   2,600      $      --
     Accounts payable                                                                    577            643
     Accrued expenses                                                                 22,385         14,659
                                                                                   ---------      ---------
               Total current liabilities                                              25,562         15,302
                                                                                   ---------      ---------

Long-Term Debt                                                                       320,066        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
               and 5,547,377 shares, respectively, 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                                                             (24,398)        (3,677)
     Less - unearned compensation                                                       (271)            --
                                                                                   ---------      ---------
               Total stockholders' equity                                             83,883        104,410
                                                                                   ---------      ---------

               TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                          $ 467,411      $ 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 NINE MONTHS ENDED SEPTEMBER 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                  NINE MONTHS ENDED
                                                              ------------------------------      ------------------------------
                                                                 1999              1998              1999              1998
                                                              ------------      ------------      ------------      ------------
                                                                           (IN THOUSANDS, EXCEPT SHARE DATA)
<S>                                                           <C>               <C>               <C>               <C>
Miscellaneous Revenues                                        $         93      $         31      $        103      $         81

Operating Expenses:
       General and administrative                                   11,053             3,092            20,342            11,010
       Depreciation and amortization                                   371               138               778               431
                                                              ------------      ------------      ------------      ------------
             Total operating expenses                               11,424             3,230            21,120            11,441
                                                              ------------      ------------      ------------      ------------

Operating Loss                                                     (11,331)           (3,199)          (21,017)          (11,360)
                                                              ------------      ------------      ------------      ------------

Reorganization Items                                                    --            (1,443)               --            (3,902)

Other income (expenses)
       Interest expense, net of capitalized interest                    --              (886)               --            (2,323)
       Interest and other income                                        61                --               296                --
                                                              ------------      ------------      ------------      ------------
             Total other income                                         61              (886)              296            (2,323)
                                                              ------------      ------------      ------------      ------------

Net Loss                                                      $    (11,270)     $     (5,528)     $    (20,721)     $    (17,585)
                                                              ============      ============      ============      ============

Basic Loss Per Share                                          $      (1.12)                       $      (2.06)
                                                              ============                        ============

Weighted Average Shares Outstanding                             10,079,000                          10,044,853
                                                              ============                        ============
</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 OPERATIONS FOR THE
             THREE AND NINE MONTHS ENDED SEPTEMBER 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                                                                               $   (20,721)  $     (17,585)
    Adjustments to reconcile net loss to net cash used in operating activities:
          Depreciation and amortization                                                            778             431
          Amortization of unearned compensation                                                    193              --
    Changes in operating assets and liabilities:
          Prepaids and other assets                                                                762               1
          Accounts payable                                                                         (66)          6,481
          Accrued expenses                                                                         347              --
          Pre-confirmation contingencies                                                        (1,998)             --
                                                                                           -----------   -------------
            Net cash flows used in operating activities                                        (20,705)        (10,672)
                                                                                           -----------   -------------

Cash Flows From Investing Activities:
    Capital expenditures                                                                      (115,443)         (4,066)
    Proceeds from sale of property                                                                  42              --
    Increase in other deferred assets                                                           (6,642)             --
                                                                                           -----------   -------------
            Net cash flows used in investing activities                                       (122,043)         (4,066)
                                                                                           -----------   -------------

Cash Flows From Financing Activities:
    Proceeds from long-term borrowings                                                         127,500              --
    Proceeds from debtor-in-possession borrowings                                                   --          16,104
                                                                                           -----------   -------------
            Net cash flows provided by financing activities                                    127,500          16,104
                                                                                           -----------   -------------

Net (decrease) increase in cash and cash equivalents                                           (15,248)          1,366

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

Cash and cash equivalents, end of period                                                   $    10,258   $       5,121
                                                                                           ===========   =============

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
    Cash paid during the period for:
          Interest                                                                         $     4,662              --
    Noncash investing and financing activities:
          Increase in long-term debt for payment-in-kind interest payments                 $     7,142              --
          Amortization of debt discount                                                    $     2,505              --
          Capitalized interest                                                             $    19,024              --
          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 opened 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.L.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


                                       6
<PAGE>   8


B Common Stock under the Plan. However, under certain settlement agreements
entered into in connection with the Plan, HCCIC 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 September 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 three and nine
months ended September 30, 1999, the Company recorded expense related to these
awards of $116,000 and $193,000, respectively.

         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


                                       7
<PAGE>   9


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 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 Nine
                                   Months Ended       Months Ended
                                   September 30,      September 30,
                                       1999               1999
                                   -------------      -------------
<S>                                <C>                <C>
NET LOSS:
     As reported                   $      11,270      $      20,721
     Pro forma                     $      11,456      $      21,628

NET LOSS PER SHARE:
     As reported                   $        1.12      $        2.06
     Pro forma                     $        1.14      $        2.15
</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,
constructed, and on October 28, 1999, opened 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 AND CASINO OPENING

         The Casino was opened and commenced operations on October 28, 1999 and
includes 100,000 square feet of gaming space consisting of approximately 2,900
slot machines and 120 table games including live poker, a 250-seat buffet, two
parking garages, 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"). The Casino contains 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. Each of the five distinctive courts is
uniquely designed and decorated to offer non-stop gaming in an atmosphere that
replicates the charms of the city of New Orleans - past and present. Parking for
approximately 300 cars and approximately 145,000 square feet of back-of-house
and support areas are provided underneath the main gaming floor. Across Poydras
Street and connected to the Casino by an underground tunnel (the "Poydras Tunnel
Area") are two newly constructed parking facilities which contain approximately
1,550 parking spaces. One of the parking facilities, which contains 1,000
parking spaces, was completed and opened in June 1999, while the second
facility, which contains 550 parking spaces, was opened in early October 1999.
Prior to the Casino opening, the activities of the Company consisted primarily
of administering the construction of the Casino and preparing for the opening of
the Casino.

           Concurrently with construction of the Initial Casino Facilities,
approximately 150,000 square feet of multipurpose non-gaming entertainment space
on the second floor of the Casino premises was constructed to the point at which
the shell of the structure was 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 Initial Casino Facilities project will be
approximately $373.0 million. This amount includes, 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 September 30, 1999, the remaining costs to be paid in
connection with the Initial Casino Facilities project were approximately $43.9
million, including $10.2 million in hard construction costs and $33.7 million
for gaming equipment and supplies and other pre-opening costs. Based upon


                                       9
<PAGE>   11


the Company's survey of gaming operations in the New Orleans and surrounding
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
the Casino's competitive position in the New Orleans and surrounding
marketplaces. However, this change required the Company to load the machines
prior to opening the Casino with approximately $6 million in coins. To finance
the loading of the slot machines, in a sale and leaseback transaction on October
20, 1999, JCC sold 1,085 of its slot machines to a subsidiary of HET. The HET
subsidiary is leasing the slot machines back to JCC and JCC is using the
proceeds from the sale to fill the slot machines with coins.

         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 or the
development of the 3CP Property and Fulton Property. JCC has incurred
approximately $1.1 million to date in developing a master plan for the build out
and leasing of the second floor of the Casino for non-gaming uses. Additionally,
there was construction-related work that needed to take place on the second
floor of the Casino prior to the Opening Date in order to prevent disruption to
the Casino's gaming operations. JCC Development has arranged to borrow up to $2
million from a subsidiary of HET to fund these items. Borrowings under this loan
bear interest at 9% per year, and, at JCC Development's option, may be paid in
cash or in kind. Principal and interest under this loan from an HET subsidiary
must be paid out of the permanent financing ultimately obtained for the
completion of the second floor of the Casino. On October 27, 1999, JCC
Development borrowed $1.1 million under this loan in order to reimburse JCC for
costs incurred to date in connection with developing the master plan.

         The Company has not obtained financing to fund the remainder of the
anticipated build-out of the second floor of the Casino beyond the Second Floor
Shell Construction 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 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 had failed to commence or complete the Casino construction and,
until the occurrence of the Termination of Construction Date, the duty to pay
JCC costs and expenses until the Casino opens. The Termination of Construction
Date occurred on November 1, 1999. The Termination of Construction Date
generally means 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 Completion
Guarantors still have a duty to fund any costs to complete and equip the Casino
to the extent that JCC is unable to fund them.


                                       10
<PAGE>   12


         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").

         Funded principal amounts and terms of the Company's indebtedness as of
September 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 8.00%(a), due 2006                           105.0       16.5

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)                                            193.5         --
Unamortized Discount                                                         (96.8)
                                                                         ---------  ---------

Total Long-Term Debt                                                     $   322.7  $    36.5
                                                                         =========  =========
</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 nine months ended September 30, 1999, the Company borrowed
$105 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 funding of the Casino construction
project, it will be drawn to pay down Tranche A-1.

         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 are outstanding when such payments are due. JCC
also has the option of


                                       11
<PAGE>   13


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. 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.

         No fixed interest is payable in respect of the New Contingent Notes.
Contingent payments with respect to the New Notes and the New Contingent Notes,
to the extent they are due and owing, are payable on each interest payment date
based on the Contingent Payment Measurement Amount, as such term is defined in
the indentures governing the New Notes and the New Contingent Notes and in the
Company's Annual Report on Form 10-K for the Year Ended December 31, 1998. For
the quarters ended March 31, 1999, June 30, 1999 and September 30, 1999, the
Contingent Payment Measurement Amount was $168,000, $31,000, and $9,000,
respectively. During these same periods, JCC's Consolidated EBITDA was $168,000,
$73,000 and $9,000, respectively. For the period from October 30, 1998 to
December 31, 1998, the Contingent Payment Measurement Amount and JCC's
Consolidated EBITDA were both $310,000 and were derived from audited financial
statements for such period. During such periods, no contingent payments accrued
or were paid with respect to either the New Notes or the New Contingent Notes.

          JCC also has up to $25 million available for working capital purposes
under a working capital line of credit (the "Working Capital Facility"). The
Working Capital Facility requires that on the Termination of Construction Date,
which occurred on November 1, 1999, there could be a maximum of $10 million of
outstanding revolving credit loans and $2 million of outstanding letters of
credit. JCC satisfied that requirement. After November 1, 1999, the full amount
of the Working Capital Facility is available to JCC subject to the terms
thereof.

         As of September 30, 1999, there were $8.2 million of letters of credit
outstanding under the Working Capital Facility. No revolving credit loans were
outstanding on that date. At November 1, 1999, $10 million of revolving credit
loans and $1.9 million of letters of credit were outstanding under the Working
Capital Facility. JCC's future working capital needs will be funded by a
combination of the 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 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 is 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 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 construction
cost overruns. 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.


                                       12
<PAGE>   14


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 nine months ended September 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 nine months
ended September 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 nine months ended September 30, 1998, the Company believes that
comparisons between the three and nine months ended September 30, 1999 and 1998
are not meaningful.

         Because the Casino did not open for operation until October 28, 1999,
the Company's revenues of $93,000 and $103,000 during the three and nine months
ended September 30, 1999, respectively, and the Predecessor's revenues of
$31,000 and $81,000 during the corresponding periods in 1998 were generated
primarily from revenues generated by the operation of the Casino parking
facility that was opened on June 14, 1999, and rental income generated from a
parking lot located on the 3CP Property.

         During the three and nine months ended September 30, 1999, the Company
incurred general and administrative expenses of $11.1 million and $20.3 million,
respectively. These expenses consisted primarily of salaries and wages, legal
and professional fees, recruiting and training employees to work in the Casino
and pre-opening marketing. During the corresponding periods in 1998, the
Predecessor incurred general and administrative expenses of $3.1 million and
$11.0 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 nine months ended September 30, 1999, the Company
incurred depreciation and amortization expenses of $371,000 and $778,000,
respectively. During the corresponding periods in 1998, the Predecessor incurred
depreciation and amortization expenses of $138,000 and $431,000, respectively.
These increases resulted primarily from the additional assets being placed into
service during 1999.

         During the three and nine months ended September 30, 1999, the Company
capitalized interest expense of $7.9 million and $19.0 million, respectively,
incurred on outstanding indebtedness and generated interest and other income of
$61,000 and $296,000, respectively, on amounts funded in connection with the
Plan of Reorganization. During the three and nine months ended September 30,
1998, the Predecessor incurred interest expense of $886,000 and $2.3 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


                                       13
<PAGE>   15


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 fourth and final Year 2000 Report that
the Manager is required to deliver on October 15, 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. The Manager has indicated that the Casino's critical business
systems are Year 2000 ready, including the slot machines that will be used in
the Casino, accounting, general ledger, and human resources software, and such
facilities equipment as the emergency power system and the heating ventilation
and air conditioning systems.

         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
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. Although the Company's utility, telecommunications, and financial
services providers have confirmed that their systems are Year 2000 ready, the
process is ongoing and the Company expects to continue collecting responses and
materials from third parties regarding Year 2000 readiness even after the date
the 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 September 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. The Company expects that it will complete developing these plans by
November 1999 and the contingency plans will be reviewed and tested during
November and December of 1999. 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.


                                       14
<PAGE>   16


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 September 30, 1999, the aggregate
amount of the Company's outstanding indebtedness was $419.4 million, of which
$175.0 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.

                           PART II - OTHER INFORMATION


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a)  Exhibits.

              EXHIBIT
                 NO.                   DESCRIPTION
              -------                  -----------
               10.41   Employment Agreement, dated as of August 25, 1999, by and
                       between JCC Holding Company and L. Camille Fowler.
               27.01   Financial Data Schedule (for SEC use only).

         (b)   Reports on Form 8-K.

                   No Current Reports on Form 8-K were filed during the quarter
                   ended September 30, 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:    November 12, 1999     By: /s/ Frederick W. Burford
                                   --------------------------------------------
                               Frederick W. Burford, President and Chief
                               Executive Officer (Principal Executive Officer of
                               the Registrant)


Date:    November 12, 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


                                 EXHIBIT INDEX

<TABLE>
<CAPTION>
      EXHIBIT
      NUMBER                         DESCRIPTION
      ------                         -----------
<S>                <C>
      10.41        Employment Agreement, dated as of August 25, 1999, by and
                   between JCC Holding Company and L. Camille Fowler.

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