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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
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SEC FILE NUMBER
0-8698
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NOTIFICATION OF LATE FILING
(Check One): |X| Form 10-K |_| Form 20-F |_| Form 11-K |_| Form 10-Q
|_| Form N-SAR
For Period Ended: September 30, 1997
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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:
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
Concorde Gaming Corporation
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Full Name of Registrant
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Former Name if Applicable
3290 Lien Street
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Address of Principal Executive Office (Street and Number)
Rapid City, South Dakota 57702
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City, State and Zip Code
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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)
(a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort
or expense;
(b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or
portion thereof, will be filed on or before the fifteenth
calendar day following the prescribed due date; or the
|X| 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
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III -NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
Please See Attached.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
David L. Crabb (605) 341-7738
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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 report(s) been
filed? If answer is no, identify report(s). |X| Yes |_| No
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(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 statements 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 quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.
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Concorde Gaming Corporation
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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.
Date December 29, 1997 /s/ David L. Crabb
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David L. Crabb, Chief Financial Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
ATTENTION
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INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS (SEE 18 U.S.C. 1001).
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PART III - NARRATIVE
Concorde Gaming Corporation (the "Company") was involved in two
significant transactions during the fiscal year. The Company closed on a
settlement agreement related to the management agreement of the 4 Bears Casino &
Lodge in February 1997 and completed an exchange agreement whereby the Company
transferred a substantial portion of its assets in June 1997 in exchange for
assets relating to a casino operation which was acquired in July 1997. As a
result of these significant transactions, additional time is necessary to
complete the Registrant's Annual Report on Form 10-KSB for the year ended
September 30, 1997.
PART IV - OTHER INFORMATION
The Company expects significant changes in the results of operations
for the fiscal year ended September 30, 1997 versus the fiscal year ended
September 30, 1996 as a result of the transactions referred to in Part III.
<TABLE>
<CAPTION>
BALANCE SHEETS 9/30/97 9/30/96
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<S> <C> <C>
Current assets 2,180,604 2,188,887
Other assets 4,792,233 7,227,754
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6,972,837 9,416,641
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Current liabilities 1,165,120 4,038,109
Long-term debt, other liabilities 523,238 1,354,374
Equity 5,284,479 4,024,158
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6,972,837 9,416,641
========= =========
</TABLE>
<TABLE>
<CAPTION>
Twelve Months Twelve Months
Ended Ended
STATEMENTS OF OPERATIONS 9/30/97 9/30/96
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<S> <C> <C>
Revenues 6,675,772 11,242,586
Costs and expenses including
income taxes (5,663,976) (10,684,927)
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Net income 1,011,796 557,659
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Earnings per share $0.05 $0.03
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</TABLE>
