================================================================================
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 - September 17, 1998
Commission File Number: 0-24846
COLORADO CASINO RESORTS, INC.
(Exact name of Registrant as specified in its Charter)
Texas 84-1303693
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
304 South 8th Street
Suite 201
Colorado Springs, CO 80905
(Address, including zip code of Registrant's principal executive offices)
Registrant's telephone number, including area code: (719) 635-7047
================================================================================
<PAGE>
COLORADO CASINO RESORTS, INC. & SUBSIDIARIES
Item 4. Changes in Registrant's Certifying Accountant
On September 16, 1998 the Registrant excused its independent accountants,
Richey, May & Co., P.C. (the "Accountants") and engaged the firm of Moore
Stephens, P.C. as its new independent accountants. The decision to change
accountants was recommended and approved by the Company's audit committee.
The Accountants' report on the Registrant's financial statements for each of the
fiscal years ended October 31, 1996 and 1997 did not contain an adverse opinion
or disclaimer of opinion, nor was it modified as to uncertainty, audit scope, or
accounting principles.
During the Registrant's fiscal years ended October 31, 1996 and 1997 and the
interim period preceding the change in accountants, there were no disagreements
with the Accountants on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which, if not
resolved to the satisfaction of the Accountants, would have caused the
Accountants to make a reference to the subject matter of the disagreements in
connection with its reports.
The Registrant has authorized the Accountants to respond fully to the inquires
of any successor accountant concerning the subject matter described in the
foregoing paragraph. During the fiscal years ended October 31, 1996 and 1997
through July 31, 1998, the Registrant did not consult with Moore Stephens P.C.
concerning the matters set forth in Item 304(a)(2) of Regulation SK.
-Page 2 of 3-
<PAGE>
Item 7. Financial Statements and Exhibits
Exhibit 1: Letter of Richey, May & Co., P.C.
<PAGE>
(Richey, May & Co. Letterhead)
September 17, 1998
Attn: Farid Tannous
Colorado Casino Resorts, Inc.
304 South 8th Street, Suite 201
Colorado Springs, CO 80905
Dear Mr. Tannous:
This is to confirm that the client-auditor relationship between Colorado Casino
Resorts, Inc. (Commission File Number 0-24846) and Richey, May & Co., P.C. has
caesed.
Very Truly Yours,
/s/ Richey, May & Co.
cc: Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 11-3
450 Fifth Street, N.W.
Washington, D.C. 20549
<PAGE>
COLORADO CASINO RESORTS, INC. & SUBSIDIARIES
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Act of
1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized this 17th day of September,
1998.
COLORADO CASINO RESORTS, INC.
September 17, 1998 By: /s/ Rudy S. Saenz
--------------------
Rudy S. Saenz
President and Chief Executive Officer,
Director (Principal Executive Officer)
September 17, 1998 /s/ Farid E. Tannous
-----------------------
Farid E. Tannous
Treasurer and Chief Financial Officer
(Principal Financial Officer)
-Page 3 of 3 -
