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
Date of Report: February 25, 1998
ELSINORE CORPORATION
(Exact name of registration as specified in its charter)
STATE OF NEVADA 1-7831 880117544
(State or other (Commission File (IRS Employer
Jurisdiction) Number) of Incorporation
Identification No.)
202 Fremont Street 89101
Las Vegas, Nevada (Zip Code)
(Address of principal
executive offices)
Registrant's telephone, including area code: (702) 385-4011
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Item 5. Other Events.
On February 24, 1998, Elsinore Corporation (the "Company") issued a
press release, a copy of which is attached hereto as Exhibit 99 and incorporated
by reference herein, regarding notification the Company received from R&E Gaming
Corp. that it is reserving the right not to proceed with the acquisition of the
Company pursuant to the Agreement and Plan of Merger dated as of September 15,
1997.
Item 7. Financial Statements and Exhibits
Exhibit No. Description Page Number
99 Press Release of the Company 3
dated February 24, 1998
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
Date: February 25, 1998
ELSINORE CORPORATION
By: /s/ Jeffrey T. Leeds
Jeffrey T. Leeds
President
By: /s/ S. Barton Jacka
S. Barton Jacka
Secretary and Treasurer
EXHIBIT 99
PRESS RELEASE
ELSINORE CORPORATION
202 FREMONT STREET
LAS VEGAS, NV 89101
FOR IMMEDIATE RELEASE
Tuesday, February 24, 1998
Elsinore Receives Notification From Paulson's Company Regarding Merger
LAS VEGAS, Nevada, February 24, 1998...Elsinore Corporation has been notified by
R&E Gaming Corp., through its president, Allen E. Paulson, that R&E Gaming is
reserving the right not to proceed with its acquisition of Elsinore and is
demanding a return of payments previously made in respect of the acquisition
agreements. As the grounds for its position, R&E Gaming has alleged that
Elsinore's controlling shareholder made misrepresentations to R&E Gaming in
connection with an Option and Voting Agreement which the two parties entered
into relating to the acquisition of Elsinore. Elsinore has been informed that
its controlling shareholder has responded to R&E Gaming with a specific
rejection of those allegations. Elsinore intends to seek clarification of R&E
Gaming's position regarding the Elsinore merger agreement and the basis for R&E
Gaming's allegations, and Elsinore is reserving all of its rights with respect
to R&E Gaming's legal obligations.
CONTACT: Elsinore Corporation (702)385-4011.
