UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
(Check one): XX Form 10-Q
For Period Ended: JUNE 30, 1996
Nothing in this form shall be construed to imply that The
Commission has verified any information contained herein.
Part I - REGISTRANT INFORMATION
Full Name of Registrant
ELSINORE CORPORATION
Address of Principal Executive Office
202 FREMONT STREET
City, State and Zip Code
LAS VEGAS, NEVADA 89101
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
12-25(b), the following should be completed. (Check box if
appropriate)
XX (a) The reasons described in reasonable detail in Part III
of this form could not be eliminated without
unreasonable effort or expense;
(b) The ... the subject quarterly report of
transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day
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.
applicable.
Part III - NARRATIVE
State below in reasonable detail the reasons why
Form 10-Q could not be filed in the prescribed
time period.
On October 31, 1995, Elsinore Corporation (the "Company") and
certain of its subsidiaries filed voluntary petitions In the
United States Bankruptcy Court for the District of Nevada (the
"Bankruptcy Court") seeking to reorganize under Chapter 11 of the
United States Bankruptcy Code. The Company is currently operating
as a debtor-in-possession under supervision of the Bankruptcy
Court. The last day for the Company to timely file its Form 10-Q
for the quarter ended June 30, 1996 (the "Form 10-Q"), without
filing a Form 12b-25, was August 14, 1996.
Since filing its petition, the Company has been engaged in
protracted negotiations with its creditors and equity holders. As
a result of these negotiations, the Company filed a plan of
reorganization on February 28, 1996. Negotiations regarding the
terms of the proposed plan of reorganization continued into July
of 1996.
At a hearing July 18, 1996, as a result of certain creditors'
objections to the Company's proposed plan of reorganization, the
Bankruptcy Court indicated it intended to enter an order
confirming a modified plan of reorganization.
Due to the Bankruptcy Court's modifications to its plan of
reorganization at the July 18, 1996 hearing, the Company initiated
further negotiations with its creditors. At a hearing on August 5,
1996, the Bankruptcy Court approved further modifications to the
plan and indicated that the plan as modified again would be
confirmed. On August 8, 1996, the court entered its order
confirming a plan of reorganization and set the Confirmation date
as August 12, 1996.
During July and August, the efforts of management and the
Company's accounting department have been focused on negotiating
and obtaining confirmation of a plan of reorganization. As a
result, the Company's normal procedures for preparing periodic
reports , including normal internal accounting closing routines
have been interrupted . In addition, many hours of management and
staff time were consumed in the plan confirmation process.
The Company believes that all accounting procedures and a final
description of the plan, as confirmed, will be finalized prior to
August 19, 1996 and the Company will file its Form 10-Q with the
Securities and exchange commission no later than August 19, 1996,
as determined by Rule 12b-25(b)(2)(ii) under the Securities
Exchange act of 1934, as amended.
Part IV - OTHER INFORMATION
(1) Name and telephone number of person to
contact in regard to this notification:
BRENT DUNCAN 702 385-4011 Ext 3143
(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 reports) been filed? XX YES NO
(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? XX YES NO
The Company's results of operations has improved as a
result of improved operations at the Four Queens Hotel and
Casino and because of protection afforded by the Bankruptcy laws.
ELSINORE CORPORATION
(Name of Registrant as Specified in charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date 08/13/96 BY // Brent Duncan
Brent Duncan,
Secretary Treasurer
