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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25 ---------------
SEC FILE NUMBER
0-8698
NOTIFICATION OF LATE FILING ---------------
(Check One): ( ) Form 10-K ( ) Form 20-F ( ) Form 11-K (x) Form 10-Q
( ) Form N-SAR
For Period Ended: June 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 August 15,1997 /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
During the three months ended June 30, 1997, the Company transferred its South
Dakota video lottery assets to North Star Casino Limited Liability Company as
part of an Asset Exchange Agreement.
As a result, additional time is necessary to complete the Registrant's
Quarterly Report on Form 10-QSB for the quarter ended June 30, 1997.
PART IV - OTHER INFORMATION
3. The Registrant believes that there will be a significant change in the
results of operations from the corresponding periods for the last fiscal year.
Anticipated condensed financial information for the Registrant for the three
and nine months ended June 30, 1997 is as follows:
<TABLE>
<CAPTION>
Three Months ended Nine Months ended
June 30, June 30,
Results of Operations 1997 1996 1997 1996
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<S> <C> <C> <C> <C>
Revenues 1,810,168 2,807,586 5,881,377 8,410,711
Costs and expenses 1,969,241 2,611,581 6,483,779 7,813,948
Other income (expense) 78,060 24,680 2,730,757 (132,121)
Income taxes (27,400) 74,100 741,700 161,900
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Net Income (loss) (53,613) 146,585 1,386,655 302,742
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Net Income (loss) per common share ($0.00 ) $0.01 $0.06 $0.01
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</TABLE>
