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__ Check this box if U.S. SECURITIES AND EXCHANGE COMMISSION
no longer subject to
Section 16. Form 4 or Washington, D.C. 20549
Form 5 obligations may
continue. STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
See Instruction 1(b). 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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1. Name and Address of 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Reporting Person* Issuer (Check all applicable)
Dunes Hotels & Casinos Inc.
___ Director X 10% Owner
___ Officer ___ Other
----------------------------------------------------------------------- (give title below) (specify below)
(Last) (First) (Middle) 3. IRS or Social 4. Statement for
Security Month/Year
GFS Acquisition Number of Reporting
Company, Inc. Person (Voluntary) January 2000
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(Street) 5. If Amendment, Date 7. Individual or Joint/Group Filing
of Original (Check applicable line)
8441 E. 32nd Street N (Month/Year) ___ Form filed by One Reporting
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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1. Title of Security 2. Trans- 3. Trans- 4. Securities 5. Amount of 6. Ownership 7. Nature of
(Instr. 3) action action Acquired (A) Securities Form: Indirect
date: Code or Disposed of (D) Benefically Direct Beneficial
(Instr.8) (Instr. 3,4 and5) Owned at (D) Ownership
(Month/ End of Mth. or Indirect (Instr. 4)
Day/ (Instr. 3 (I)
Year) and 4) (Instr. 4)
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Code V Amount (A)or Price
(D)
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Common Stock 1/13/00 P 51,000 A $.78
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Common Stock 1/15/00 P 290,000 A $1.16 3,853,422 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)
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FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of,
or Beneficially Owned (e.g., puts, calls, warrants, options, convertible
securities)
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1. Title 2. Con- 3. Trans- 4. Trans- 5. Number 6. Date Exer- 7. Title and 8. Price of 9. Number 10. Owner- 11. Nature
of version action action of cisable Amount of Derivative of Deriv- ship of In-
Deriva- or Date Code Deriva- and Expira- Underlying Security ative Form of direct
Security Exercise (Month/ (Instr.8) tive Date (Month/ Securities Instr. 5) Securities Deriva- Bene-
(Instr.3) Price of Day/Year) Securi- Day/Year) (Instr. 3 Benefici- tive fical
Deriva- Acquired and 4) ally Owned Security; Owner-
tive (A) or at End of Direct ship
Security or Dis- Month (D) or (Instr.
posed of (Instr. 4) Indirect 4)
(D)(Instr. (I)(Instr.
3,4, and 5) 4)
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Code V (A) (D) Date Expira-
Exer- tion
cisable Date
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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 3,853,422 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 3,853,422 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 GFS ACQUISITION COMPANY, INC.
constitute Federal Criminal Violations
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). By:/s/ Steve K. Miller
_________________________________________ February 10, 2000
Steve K. Miller, President Date
GENERAL FINANCIAL SERVICES, INC.
By:/s/ Steve K. Miller
_________________________________________ February 10, 2000
Steve K. Miller, President Date
/s/ Steve K. Miller
____________________________________________ February 10, 2000
Steve K. Miller, President Date
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Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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Form 4
Reporting Person
GFS Acquisition Company, Inc.
Date of Event Requiring Statement
January 2000
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
