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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE (13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(AMENDMENT NO. _____)*
AMERICAN WAGERING, INC.
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(Name of Issuer)
Common
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(Title of Class of Securities)
030405104
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(CUSIP Number)
Alan H. Lieblich, Esq.
SCHNADER HARRISON SEGAL & LEWIS, LLP
1600 Market Street, Suite 3600
Philadelphia, PA 19103
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
March 26, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [ ].
NOTE. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
*The Remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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SCHEDULE 13D
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CUSIP NO. 030405104
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Judith L. Salerno
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) [ ] (b) [ ]
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3. SEC USE ONLY:
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4. SOURCE OF FUNDS (SEE INSTRUCTIONS):
OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION:
United States
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NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 1,942,500
OWNED BY ------------------------------------------------------
EACH 8. SHARED VOTING POWER
REPORTING
PERSON WITH 0
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9. SOLE DISPOSITIVE POWER
1,942,500
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10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,942,500
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS):
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.79%
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14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
IN
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CUSIP NO. 030405104
SCHEDULE 13-D
AMERICAN WAGERING, INC.
Item 1. Security and issuer:
American Wagering, Inc.
675 Grier Drive
Las Vegas, NV 89119
Common stock of American Wagering, Inc.
Item 2. Identity and Background:
(a)-(c) Judith L. Salerno
1304 Castle Wall Street
Las Vegas, NV 89117
Housewife
(d) The reporting person has not been convicted in any
criminal proceedings during the last five years.
(e) During the last five years, the reporting person has
not been a party to any civil, judicial or
administrative proceeding in which there has been any
finding of any violation of any federal or state
securities laws nor is she subject to a judgement,
decree or final order enjoining future violations of
or prohibiting or mandating activities subject to
federal or state securities laws.
(f) United States
Item 3. Source and Amount of Funds or Other Considerations:
The reporting person acquired the securities of the issuer
from Victor J. Salerno pursuant to a divorce settlement.
Item 4. Purpose of Transaction:
The reporting person acquired the securities of the issuer from
Victor J. Salerno pursuant to a divorce settlement.
The reporting person does not have any plans or proposals which
relate to or would result in any of the following:
(a) The acquisition of additional securities of the issuer, or
the disposition of securities of the issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the issuer or any
of its subsidiaries;
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SCHEDULE 13D
CUSIP NO. 030405104
(c) A sale or transfer of a material amount of assets of the
issuer or any of its subsidiaries;
(d) Any change in the present board of directors or management of
the issuer or of any of its subsidiaries;
(e) Any material change in the present capitalization or
dividend policy of the issuer;
(f) Any other material change in the issuer's business or
corporate structure;
(g) Changes in the issuer's charter, by-laws, or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the issuer by any person;
(h) Causing a class of securities of the issuer to be delisted
from a national securities exchange or to cease to be
authorized to be quoted in an inter-dealer quotation system of
a registered national securities association;
(i) A class of equity securities of the issuer becoming eligible
for termination of registration pursuant to Section 12(g)(4)
of the Securities Exchange Act of 1934; or
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of issuer.
(a) The reporting person owns directly 1,942,500 shares
of the common stock of the issuer which represents
24.79% of the common stock outstanding.
(b) The reporting person has the sole power to dispose
or direct the disposition of 1,942,500 shares of
common stock of the issuer.
(c) None
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Individuals or Relationship with
Respect to Securities of the issuer: N/A
Item 7. Material to be Filed as Exhibits. N/A
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CUSIP NO. 030405104 PAGE 5 OF 5 PAGES
SCHEDULE 13D
Signature
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
March 31, 1998
/s/ Judith L. Salerno
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