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: March 24, 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 March 23, 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 the notice the Company received from R&E Gaming
Corp. ("R&E") about the Agreement and Plan of Merger dated as of September 15,
1997 (the "Merger Agreement"). The notice reports R&E's intention not to
proceed with the acquisition of the Company.
Item 7. Financial Statements and Exhibits
Exhibit No. Description Page Number
99 Press Release of the Company 3
dated March 23, 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: March 24, 1998
ELSINORE CORPORATION
By: /s/ Jeffrey T. Leeds
Jeffrey T. Leeds
President
By: /s/ S. Barton Jacka
S. Barton Jacka
Secretary and Treasurer
<PAGE>
EXHIBIT 99
PRESS RELEASE
ELSINORE CORPORATION
202 FREMONT STREET
LAS VEGAS, NV 89101
FOR IMMEDIATE RELEASE
Monday, March 23, 1998
Paulson's Company Notifies Elsinore Of Intention Not To Proceed With Merger
LAS VEGAS, Nevada, March 23, 1998...Elsinore Corporation has been notified by
R&E Gaming Corp. ("R&E"), through its president, Allen E. Paulson, of R&E's
intention not to proceed with the acquisition of Elsinore. As the grounds for
its position, R&E has alleged, among other things, violations by Elsinore of its
merger agreement with R&E, violations of law and misrepresentations by
Elsinore's controlling shareholder and the non-satisfaction of certain
conditions to completing the merger. Elsinore rejects the allegations against it
by R&E and is of the view that R&E is required to complete the merger, subject
to approval by gaming authorities. Elsinore is reserving all of its rights with
respect to R&E's legal obligations.
CONTACT: Elsinore Corporation (702)385-4011.
