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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): July 21, 1997
Concorde Gaming Corporation
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(Exact name of registrant as specified in its charter)
Colorado 0-8698 84-0716683
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
3290 Lien Street
Rapid City, South Dakota 57702
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (605) 341-7738
Not Applicable
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets.
(a) Effective July 21, 1997, Concorde Gaming Corporation (the
"Registrant") completed the acquisition of substantially all
of the assets related to North Star Casino Limited Liability
Company's ("North Star") business of owning and operating the
Golden Gates Casino in Blackhawk, Colorado (the "Casino
Assets"), pursuant to the terms of an Asset Exchange Agreement
(the "Agreement") dated June 12, 1997 by and among the
Registrant, North Star, Concorde Gaming of South Dakota, Inc.,
Midwest Gaming, Inc. and Concorde Cripple Creek, Inc.
The Agreement provided for the exchange of the Casino Assets
for the Registrant's assets used in its South Dakota video
lottery route business (the "Video Lottery Assets"). The
transfer of the Video Lottery Assets was completed on June 16,
1997. In addition to the transfer of the Video Lottery
Assets, the Registrant paid $870,000 in cash, subject to
adjustment, assumed approximately $380,000 in liabilities and
issued 1,743,333 shares of the Registrant's common stock to
North Star.
The consideration paid to North Star was determined through
arm's length negotiations.
(b) The Registrant intends to continue the use of the Casino
Assets as they are currently used by North Star.
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Item 7. Financial Statements and Exhibits.
(a) At this time it is impracticable for the Registrant to provide
the financial statements required by this item. The required
financial statements will be filed with the Securities and
Exchange Commission by an amendment to this Form 8-K not later
than sixty (60) days after the date on which this Current
Report on Form 8-K is due.
(b) At this time it is impracticable for the Registrant to provide
the financial statements required by this item. The required
financial statements will be filed with the Securities and
Exchange Commission by an amendment to this Form 8-K not later
than sixty (60) days after the date on which this Current
Report on Form 8-K is due.
(c) Exhibits
10 Asset Exchange Agreement dated June 16, 1997 by and
among the Registrant, North Star, Concorde South
Dakota, Midwest Gaming, and Concorde Cripple Creek.*
* Incorporated by reference to the Registrant's Current Report on Form 8-K
dated June 16, 1997
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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 thereunto duly authorized.
CONCORDE GAMING CORPORATION
Date: August 4, 1997 By: /s/ David L. Crabb
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David L. Crabb, Chief Financial
Officer
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