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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 17, 1999
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AMERICAN WAGERING, INC.
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(Exact name of registrant as specified in its charter)
Nevada 000-20685 880344658
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(State or other jurisdiction (Commission IRS Employer
of incorporation File Number) Identification No.)
675 Grier Drive, Las Vegas, Nevada 89119
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number,
including are code: (702) 735-0101
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Item 5. OTHER EVENTS
On December 17, 1999, the registrant issued a news release, a copy of which is
filed as Exhibit 20 hereto and is incoporated herein by reference.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) The exhibit accompanying this report is listed in the Index to Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMERICAN WAGERING, INC.
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(Registrant)
Date: December 22, 1999 By: /s/ Robert D. Ciunci
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Robert D. Ciunci
Executive Vice President and
Chief Financial Officer
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Index to Exhibits
Number Description Method of Filing
20 American Wagering, Filed herewith
Inc. news release
dated December 17,
1999
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American Wagering Announces Notification of Complaint
December 17, 1999 - Las Vegas, Nevada - American Wagering, Inc. announced today
that it has been served with a Complaint for Disciplinary Action (the Complaint)
by the Nevada State Gaming Control Board (Board).
The Complaint alleges that American Wagering, Inc. (AWI) through its subsidiary
Mega$ports ACT Pty. Ltd. (Mega$ports Australia) had accepted 12 wagers placed by
an agent of the Board between July 23 and August 4, 1999 totaling $120.00.
Mega$ports Australia is licensed in Australia to accept Internet wagers. The
wagers were placed through a Canadian Internet service provider. The Complaint
states that AWI violated its internal controls when it failed to obtain the
proper identification of the Board agent who opened the wagering account. The
Board alleges that by allowing Mega$ports Australia to accept these wagers AWI
failed to exercise discretion and sound judgement to prevent incidents which
might reflect on the repute of the State of Nevada and act as a detriment to the
development of the gaming industry. The Complaint alleges that the conduct of
AWI constitutes an unsuitable method of operation under the Nevada Gaming
Commission Regulation 5.011.
The Board has requested that AWI be fined a monetary sum pursuant to the
parameters defined at Nevada Revised Statue 463.310(4) for each separate
violation and asked the Nevada Gaming Commission to take action against AWI's
licenses pursuant to the parameters defined at the Regulation Statute
463.310(4). The Company has 20 days to answer the allegations, deny them, ask
for a hearing or negotiate a settlement. The Company intends to challenge the
Complaint.
Contact: Bob Ciunci of American Wagering, Inc. at (702) 735-5529
Alan Woinski of Gaming Venture Corp. at (201) 599-8484
