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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): December 4, 1998
NORTH AMERICAN GAMING AND ENTERTAINMENT CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-5474 75-2571032
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(State of incorporation) (Commission File No.) (IRS Employer
Identification No.)
13150 COIT ROAD, SUITE 125, DALLAS, TEXAS 75240
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(Address of principal execute offices, including zip code)
(972) 671-1133
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(Registrant's telephone number, including area code)
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ITEM 5. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On December 4, 1998, North American Gaming and Entertainment Corporation
(the "Company") received a letter from its independent accountant, Arthur
Andersen LLP, that it was terminating the client-auditor relationship between
Arthur Andersen LLP and the Company.
There were no disagreements with Arthur Andersen LLP on any matters of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which, if not resolved to its satisfaction, would have
caused it to make reference to such disagreement in its report. A copy of a
letter from Arthur Andersen LLP, addressed to the Securities and Exchange
Commission, concurring with the Company's statements herein is filed as an
Exhibit to this Form 8-K.
Neither of the reports of Arthur Andersen LLP on the Company's financial
statements for the Company's fiscal years ended December 31, 1997 and 1996
contained an adverse opinion or disclaimer of opinion, or was modified as to
uncertainty, audit scope, or accounting principles.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits - The following exhibit is filed herewith:
16.1 Letter from Arthur Andersen LLP addressed to the Securities and
Exchange Commission dated December 10, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
December 10, 1998
NORTH AMERICAN GAMING AND
ENTERTAINMENT CORPORATION
By: /s/ E.H. Hawes
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E.H. Hawes II, President
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EXHIBIT 16.1
December 10, 1998
Securities and Exchange Commission
450 5th Street, N.W.
Washington, DC 20549
Gentlemen:
We have read the statements made by North American Gaming and Entertainment
Corporation, which we understand will be filed with the Commission, pursuant to
Item 4 of Form 8-K, as part of the Company's Form 8-K report relating to our
resignation. We agree with the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ Arthur Andersen LLP
ARTHUR ANDERSEN LLP
