COLORADO CASINO RESORTS INC
8-K, 1999-11-15
MISCELLANEOUS AMUSEMENT & RECREATION
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                       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
                                November 1, 1999
                         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.)

                             One South Nevada Street
                                    Suite 200
                           Colorado Springs, CO 80903
                                 (719) 635-7047
               (Address, including zip code, and telephone number,
                 including area code, of Registrant's principal
                               executive offices)


      SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE EXCHANGE ACT:
                         Common Stock, $0.001 Par Value
                                (Title of Class)

- --------------------------------------------------------------------------------
<PAGE>
                       Item 3. Bankruptcy or Receivership

Colorado  Casino  Resorts,   Inc.,  (OTC:  CCRI  or  the  "Company")  filed  for
restructuring  under Chapter 11 of the U.S. Bankruptcy Code on November 1, 1999,
in the U.S.  Bankruptcy  Court for the District of Colorado,  Case No.  99-23681
CEM. The Company is operating its business as a Debtor-in-Possession.

If the proposed plan of reorganization  submitted by the Company is confirmed by
the Bankruptcy  Court,  all interests of common  stockholders  existing when the
plan is confirmed  will be cancelled and the Company's  shares will no longer be
publicly traded.

<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 12th day of November,
1999.

                                      COLORADO CASINO RESORTS, INC.

November 12, 1999                By:     /s/ Michael S. Smith
                                      --------------------------------------
                                      Michael S. Smith
                                      Interim President and Chief Executive
Officer,
                                      Secretary and General Counsel, Director




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