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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
Date of Report (Date of earliest event reported): May 29, 1996
GLOBAL CASINOS, INC.
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(Exact name of registrant as specified in its charter)
Utah 0-15415 87-0340206
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(State or other juris- (Commission file (IRS Employer
diction or incorporation number) Identification No.)
or organization)
1777 South Harrison Street, Skydeck, Denver, Colorado 80210
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 756-3777
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(Former name or former address, if changed since last report)
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ITEM 4: CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) On May 29, 1996, the client-auditor relationship between the Company
and its principal accountants, Ernst & Young LLP, ceased. The cessation of the
relationship was effective May 29, 1996. At a meeting held on May 29, 1996,
the Board of Directors of the Company approved the engagement of Gelfond
Hochstadt Pangburn & Co. as its independent auditors to replace Ernst & Young
LLP who resigned as auditors of the Company effective May 29, 1996. The audit
committee of the Board of Directors approved the change on May 29, 1996. The
reports of Ernst & Young LLP related to the consolidated financial statements
of the Company for the fiscal years ended June 30, 1994 and 1995 contain a
going concern modification. In connection with the audits of the Company's
financial statements for each of the fiscal years ended June 30, 1994 and 1995
there were no disagreements with Ernst & Young LLP on any matters of accounting
principles or practices, financial statement disclosure, or auditing scope and
procedures which, if not resolved to the satisfaction of Ernst & Young LLP,
would have caused Ernst & Young LLP to make reference to the matter in their
report.
The Company has requested Ernst & Young LLP to furnish it a letter
addressed to the Commission stating whether it agrees with the above
statements. A copy of that letter dated May 31, 1996, is filed as Exhibit No.
18 to this Form 8-K.
ITEM 7: EXHIBITS
Exhibit No.
18.0 Pursuant to Item 304(a)(3) of Regulation S-B, Section
228.304(a)(3) of the Regulations under the Securities Exchange
Act of 1934, as amended, the Registrant furnishes herewith the
letter of Ernst & Young LLP, former accountants to the Company,
dated May 31, 1996.
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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 hereunto duly authorized.
GLOBAL CASINOS, INC.
Date: 06/03/96 By: /s/ Stephen G. Calandrella
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Stephen G. Calandrella, Interim President
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May 31, 1996
Securities and Exchange Commission
Chief Financial Officer
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read Item 4 of Form 8-K dated May 29, 1996, of Global Casinos, Inc. and
are in agreement with the statements contained in paragraph (a) on page 2
therein. We have no basis to agree or disagree with other statements of the
registrant contained therein.
ERNST & YOUNG LLP
