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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) February 18, 2000
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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 February 18, 2000, 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: February 23, 2000 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 February 18,
2000
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American Wagering Announces Court Decision
LAS VEGAS, Feb. 18, 2000 -- American Wagering, Inc. announced today that on
February 17, 2000 a jury verdict was rendered in the Nevada Federal District
Court, in the matter of Leroy's Horse and Sports Place (Leroy's), a wholly-owned
subsidiary of American Wagering, and Michael Racusin d.b.a. M. Racusin and
Company (Racusin).
The litigation concerned the terms of a written contract between Leroy's and
Racusin.
The jury found that (1) Leroy's breached its contract with Racusin, (2) as a
result of that breach, Racusin is entitled to receive stock in Leroy's in an
amount equal to 4.5% of $45,000,000 plus $150,000 in cash, and (3) American
Wagering is the alter ego of Leroy's.
The Court has 20 days in which to file and enter a judgment on the jury verdict.
Any judgment will be reduced by $735,910 previously paid to Racusin under the
contract.
American Wagering may appeal the judgment.
