__ Check this box U.S. SECURITIES AND EXCHANGE COMMISSION
if no longer subject
to Section 16. Form 4
or Form 5 obligations may Washington, D.C. 20549
continue.
See Instruction 1(b).
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
<TABLE>
<CAPTION>
Filed pursuant to Section 16(a)of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding
Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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<S> <C> <C> <C>
1. Name and Address 2. Issuer Name and Ticker or 6. Relationship of Reporting
of Reporting Person* Trading Symbol Person to
Issuer (Check all applicable)
Dunes Hotels & Casinos Inc.
- -------------------------------------------------------------------------------- ___ Director X 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ___ Officer ___ Other
Number of Reporting Month/Year
GFS Acquisition Company, Inc. Person (Voluntary)
October 1999
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(Street) 5. If Amendment, 7. Individual or Joint/Group Filing
Date of (Check applicable line)
8441 E. 32nd Street N Original
(Month/Year) ___ Form Filed by One Reporting
Person
X Form filed by More than One
Reporting Person
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(City) (State) (Zip) Table 1 - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned.
Wichita, KS 67226
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<C> <C> <C> <C> <C> <C> <C>
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired(A) 5. Amount of 6.Ownership 7. Nature of
(Instr. 3) action action or Disposed of (D) Securities Form: Indirect
Code (Instr. 3, 4, and 5) Owned at (D) or Beneficial
(Instr. 8) End of Mth. Indirect Ownership
(Month/ (Instr. 3 (I) (Instr. 4)
Day/ and 4) (Instr. 4)
Year)
Code V Amount (A)or Price
(D)
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Common Stock 10/8/99 P 15,000 A $.75
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Common Stock 10/15/99 P 7,500 A $.75
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Common Stock 10/20/99 P 5,000 A $.80 3,512,422 D(1)
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* If the Form is filed by more than one Reporting Person, see instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or Type Responses)
<PAGE>
<CAPTION>
Table continued
FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants,
options, convertible securities)
====================================================================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1.Title of 2.Conver- 3.Trans- 4.Transac- 5.Number of 6.Date 7.Title 8.Price of 9.Number 10.Owner- 11.Nature
Derivative sion or action tion Code Derivative Exercisable and Amount Derivative of Deriv- ship of In-
Security Exercise Date (Instr. 8) Securities and of Security ative Form of direct
(Inst. 3) Price of (Month/ Acquired Expiration Underlying (Instr. 5) Securities Deriv- Bene-
Deriv- Day/ (A) or Date Securities Beneficial- ative ficial
ative Year) Disposed (Month/Day/ (Instr. 3 ly Owned at Security; Owner-
Security of (D) Year) and 4) End of Direct ship
(Instr.3, Month (D) or (Instr
4, and 5) (Instr. 4) Indirect 4)
(I)
(Instr. 4)
------------------------------------------
Code V (A) (D) Date Expira-
Exer- tion Date
cisable
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Explanation of Responses: (1) The Reporting Person is wholly owned by General Financial Services, Inc. ("GFS"). GFS is wholly owned
by Steve K. Miller, who is the sole director and officer of GFS and the Reporting Person. GFS beneficially owns the 3,512,422
shares of Common Stock of Dunes Hotels & Casinos Inc. directly owned by the Reporting Person by virtue of GFS's ownership of the
Reporting Person. Steve K. Miller beneficially owns the 3,512,422 shares of Common Stock of Dunes Hotels & Casinos Inc. directly
owned by the Reporting Person by virtue of his ownership of GFS and his position as the sole officer and director of GFS and the
Reporting Person.
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations GFS ACQUISITION COMPANY, INC.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). By:/s/ Steve K. Miller
____________________________________ November 10, 1999
Steve K. Miller, President Date
GENERAL FINANCIAL SERVICES, INC.
By: /s/ Steve K. Miller
___________________________________ November 10, 1999
Steve K. Miller, President Date
/s/ Steve K. Miller
___________________________________ November 10, 1999
Steve K. Miller Date
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
</TABLE>
<PAGE>
Form 4
Reporting Person
GFS Acquisition Company, Inc.
Date of Event Requiring Statement
October 1999
Issuer Name
Dunes Hotels & Casinos Inc.
List of Other Joint Filers
Names and Addresses
General Financial Services, Inc.; 8441 E. 32nd Street N, Wichita, KS 67226
Steve K. Miller; 8441 E. 32nd Street N, Wichita, KS 67226
