UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number: 000-28294
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(Check One): [ ] Form 10-K and Form 10-KSB [X] Form 10-Q and Form 10-QSB
[ ] Form 20-F [ ] Form 11-K [ ] Form N-SAR
For Period Ended: June 30, 2000
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[ ] Transition Report on Form 10-K [ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
SILICON GAMING, INC.
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Full Name of Registrant
N/A
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Former Name if Applicable
2800 West Bayshore Road
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Address of Principal Executive Office (Street and Number)
Palo Alto, CA 94303
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City, State and Zip Code
PART II - RULES 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be filed
on or before the fifteenth calendar day following the prescribed due date;
or the subject quarterly report of transition report on Form 10-Q, or
portion thereof will be filed on or before the fifth calendar day following
the prescribed due date; and
[X] (c) The accountant's statement or other exhibit required by rule 12b-25(c)
has been attached if applicable.
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PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K and Form 10-KSB,
11-K, 20-F, 10-Q and Form 10-QSB, N-SAR, or other transition report or portion
thereof, could not be filed within the prescribed period.
The delay in filing the Form 10-Q is due to the recent hiring of a new CFO, who
is just transitioning into the position. As a result, the Company cannot timely
complete its Form 10-Q for the quarter ended June 30, 2000, without unreasonable
effort or expense.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Andrew Pascal (650) 842-9000
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), been filed. If answer is no,
identify report(s). [X] YES [ ] NO
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statement to be included in the subject report or portion thereof?
[X] YES [ ] NO
If so, attach an explanation of the anticipated change, both narratively, and,
if appropriate, state the reasons why a reasonable estimate of the results
cannot be made.
SILICON GAMING, INC.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
<PAGE>
PART IV (3) (CONTINUED)
The Company anticipates reporting revenue and net loss for the three month
period ended June 30, 2000 of $4,824,000 and $2,683,000 respectively, as
compared to reported revenue and net loss for the three month period ended June
30, 1999 of $5,727,000 and $3,199,000 respectively. Following are the Company's
current results for revenue, net loss, weighted average common & equivalent
shares, and net loss per basic and diluted shares, for the three month period
ended June 30, 2000:
For the three month For the three month
period ended period ended
June 30, 2000 June 30, 1999
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Revenue $ 4,824 $ 5,727
Net Loss $ 2,683 $ 3,199
Weighted average common &
equivalent shares 30,979 14,376
Net loss per basic and
diluted share $ (0.09) $ (0.22)
(in thousands, except per share amounts)
(unaudited)
Date: August 15, 2000 By: /s/ Andrew Pascal
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Andrew Pascal
Chief Executive Officer and
President