SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 1, 1997
FLORIDA GAMING CORPORATION
(Exact name of registrant as specified in charter)
Delaware 0-9099 59-1670533
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
1750 South Kings Highway
Fort Pierce, Florida 34945-3099
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (407) 464-7500
Not Applicable
(Former name or former address,
if changed since last report.)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events
On May 1, 1997, the Registrant issued 300,000 shares of its
common stock to Freedom Financial Corporation ("Freedom") for cash
consideration of $375,000. The issuance was in connection with the
exercise in part of the options previously issued to Freedom
pursuant to a Stock Purchase Agreement dated March 31, 1993.
Freedom retains an option to purchase 830,000 shares of common
stock at an exercise price of $1.25 per share. Following the
issuance of the 300,000 shares, the Registrant has 4,948,121 shares
of common stock issued and outstanding.
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly
authorized.
FLORIDA GAMING CORPORATION
By /s/ Timothy L. Hensley
Timothy L. Hensley
Executive Vice President,
Treasurer
and Chief Financial Officer
Date: May 1, 1997
