SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)
FLORIDA GAMING CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $.10 PER SHARE
(Title of Class of Securities)
340689 10 8
(CUSIP Number)
Roland M. Howell
Plaza Venetia; Suite 22A-B
555 N.E. 15th Street
Miami, Florida 33132
(305) 371-8080
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 14, 1998
(Date of Event Which Requires Filing of
This Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3)
or (4), check the following box. /__/
Check the following box if a fee is being paid with this statement. /__/
CUSIP No. 340689 10 8
1. Name of reporting person. . . . . . . . . Roland M. Howell
S.S. or I.R.S. No. of
above person. . . . . . . . . . . . . . . ###-##-####
2. Check the appropriate box
if a member of a group
(see instructions). . . . . . . . . . . . (a) X
(b)
3. SEC use only. . . . . . . . . . . . . . .
4. Source of funds (see instructions). . . . PF
5. Check box if disclosure
of legal proceedings is
required pursuant to
Items 2(d) or 2(e). . . . . . . . . . . .
6. Citizenship or place
of organization . . . . . . . . . . . . . U.S.
Number of shares beneficially
owned by each reporting person
with:
7. Sole voting power. . . . . . . . . . . . . 10,000
8. Shared voting power. . . . . . . . . . . . 195,000
9. Sole dispositive power . . . . . . . . . . 10,000
10. Shared dispositive power . . . . . . . . . 195,000
11. Aggregate amount beneficially
owned by each reporting person . . . . . . Roland Howell
beneficially owns
205,000 shares.
12. Check box if the aggregate amount
in Row (11) excludes certain
shares (see instructions). . . . . . . . .
13. Percent of class represented
by amount in Row (11). . . . . . . . . . . 4.4%
14. Type of reporting person . . . . . . . . . IN
CUSIP No. 340689 10 8
1. Name of reporting person. . . . . . . . . Dorothy V. Howell
S.S. or I.R.S. No. of
above person. . . . . . . . . . . . . . . ###-##-####
2. Check the appropriate box
if a member of a group
(see instructions). . . . . . . . . . . . (a) X
(b)
3. SEC use only. . . . . . . . . . . . . . .
4. Source of funds (see instructions). . . . PF
5. Check box if disclosure
of legal proceedings is
required pursuant to
Items 2(d) or 2(e). . . . . . . . . . . .
6. Citizenship or place
of organization . . . . . . . . . . . . . U.S.
Number of shares beneficially
owned by each reporting person
with:
7. Sole voting power. . . . . . . . . . . . . 145,000
8. Shared voting power. . . . . . . . . . . . 195,000
9. Sole dispositive power . . . . . . . . . . 145,000
10. Shared dispositive power . . . . . . . . . 195,000
11. Aggregate amount beneficially
owned by each reporting person . . . . . . Dorothy Howell
beneficially owns
340,000 shares.
12. Check box if the aggregate amount
in Row (11) excludes certain
shares (see instructions). . . . . . . . .
13. Percent of class represented
by amount in Row (11). . . . . . . . . . . 6.0%
14. Type of reporting person . . . . . . . . . IN
Reference is hereby made to that certain Schedule 13D dated
October 7, 1993, as previously amended, (the "Schedule"), filed
by Roland M. Howell and Dorothy V. Howell, (collectively, the
"Howells") with respect to the common stock, par value $.10 per
share (the "Shares") of Florida Gaming Corporation, a Delaware
corporation (the "Issuer"). The Schedule is hereby amended to
add the following information to the items indicated. Unless
otherwise indicated, defined terms have the same meaning as set
forth in the Schedule.
Item 3. Source and Amount of Funds or Other Consideration.
The source of funds used in making the reported
purchase of Shares was personal cash of Mr. and Mrs. Howell. The
amount of funds used to purchase the Shares reported in Item 5(c)
below was approximately $108,402.
Item 4. Purpose of Transaction.
On April 28, 1995, Mr. Howell was appointed to the
Issuer's Board of Directors.
Item 5. Interest in Securities of the Issuer.
(a) The Howells beneficially own, jointly, 195,000
shares, Dorothy V. Howell owns, individually, 145,000 Shares, and
Roland M. Howell owns, individually, 10,000 Shares. Roland M.
Howell disclaims beneficial ownership of the 145,000 Shares owned
individually by Dorothy V. Howell and Dorothy V. Howell disclaims
beneficial ownership of the 10,000 Shares owned individually by
Roland M. Howell.
(b) Roland M. Howell beneficially owns 205,000 Shares,
which represents 3.6% of the Issuer's outstanding Shares. Roland
M. Howell has shared voting power and shared dispositive power
with respect to 195,000 Shares and sole voting and dispositive
powers with respect to 10,000 Shares.
Dorothy V. Howell beneficially owns 340,000
Shares, which represents 6.0% of the Issuer's outstanding Shares.
Dorothy V. Howell has shared voting power and shared dispositive
power with respect to 195,000 Shares and sole voting and
dispositive powers with respect to 145,000 Shares.
(c) Description of Transactions in the Class of
Reported Securities that were Effected During the Past Sixty
Days: The following five transactions were the only transactions
effected by the Howells during the past sixty days. On December
29, 1997, in an open market transaction, the Howells jointly
purchased 1,000 Shares at a per Share price of $2.4375. On
December 30, 1997, in a private transaction, the Howells jointly
purchased 5,000 Shares at a per Share price of $2.75. On
December 30, 1997, in a private transaction, the Howells jointly
purchased 4,000 Shares at a per Share price of $2.625. On
January 14, 1998, in a private transaction, the Howells jointly
purchased 25,000 Shares at a per Share price of $2.75. On
January 15, 1998, in a private transaction, the Howells jointly
purchased 4,000 Shares at a per Share price of $2.75.
(d) Not applicable.
(e) Not applicable.
Items 7. Material to be Filed as Exhibits.
Exhibit A -- Joint Acquisition Statement.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
/s/ Dorothy V. Howell /s/ Roland M. Howell
Dorothy V. Howell Roland M. Howell
Date: January 23, 1998 Date: January 23, 1998
EXHIBIT A TO SCHEDULE 13D
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE13d-1(f)(1)
The undersigned acknowledge and agree that the foregoing
Amendment No. 5 to the statement on Schedule 13D is filed on
behalf of each of the undersigned and that all subsequent
amendments to the statement on Schedule 13D shall be filed on
behalf of each of the undersigned without the necessity of filing
additional joint acquisition statements. The undersigned
acknowledge that each shall be responsible for the timely filing
of such amendments, and for the completeness and accuracy of the
information concerning him or her contained therein, but shall
not be responsible for the completeness or accuracy of the
information concerning the other, except to the extent that he or
she knows or has reason to believe that such information is
inaccurate.
/s/ Roland M. Howell
Roland M. Howell
Date: January 23, 1998
/s/ Dorothy V. Howell
Dorothy V. Howell
Date: January 23, 1998