CROWN CASINO CORP
NT 10-K, 1995-07-28
MISCELLANEOUS AMUSEMENT & RECREATION
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                                                                                                                    OMB APPROVAL    
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                                             UNITED STATES                                                   OMB Number:   3235-0058
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                                   SECURITIES AND EXCHANGE COMMISSION                                    Expires:       May 31, 1997
                                         Washington, D.C. 20549                                          Estimated average burden
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                                              FORM 12b-25
                                      NOTIFICATION OF LATE FILING                                              SEC FILE NUMBER



 (Check One):  [x]Form 10-K   [ ]Form 20-F   [ ]Form 11-K   [ ]Form 10-Q   [ ]Form N-SAR                        CUSIP NUMBER

                          For Period Ended:    APRIL 30, 1995                       
                                            ----------------------------------------
                          [   ]  Transition Report on Form 10-K
                          [   ]  Transition Report on Form 20-F
                          [   ]  Transition Report on Form 11-K
                          [   ]  Transition Report on Form 10-Q
                          [   ]  Transition Report on Form N-SAR
                          For the Transition Period Ended:
                                                                                                                                    
                                                          --------------------------------------------------------------------------



                             Read Instruction (on back page) Before Preparing Form.  Please Print or Type.
          NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS VERIFIED ANY INFORMATION CONTAINED HEREIN.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

- ------------------------------------------------------------------------------------------------------------------------------------
 PART I -- REGISTRANT INFORMATION
                                                       CROWN CASINO CORPORATION
- ------------------------------------------------------------------------------------------------------------------------------------
 Full Name of Registrant

- ------------------------------------------------------------------------------------------------------------------------------------
 Former Name if Applicable

                                                 2415 W. NORTHWEST HIGHWAY, SUITE 103
- ------------------------------------------------------------------------------------------------------------------------------------
 Address of Principle Executive Office (Street and Number)

                                                         DALLAS, TEXAS 75220
- ------------------------------------------------------------------------------------------------------------------------------------
 City, State and Zip Code

PART II -- RULES 12B25(B) AND (C)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule
12b-25(b), the following should be completed.  (Check box if appropriate)

            (a)     The reasons described in reasonable detail in Part III of this form could not be eliminated without
                    unreasonable effort or expense;
            (b)     The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or Form N-SAR,
 [x]                or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date;
                    or the subject quarterly report of transition report on Form 10-Q, or portion thereof will be filed on or
                    before the fifth calendar day following the prescribed due date; and
            (c)     The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.


PART III -- NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 11-K, 10-Q, N-SAR, or the transition report or portion thereof, could
not be filed within the prescribed time period.

REGISTRANT NEEDED ADDITIONAL TIME TO PREPARE DISCLOSURES RELATING TO A RECENT MATERIAL DISPOSITION AND A RECENT MATERIAL PENDING
ACQUISITION.

                                                                                                    (ATTACH EXTRA SHEETS IF NEEDED)
                                                                                                                    SEC 1344 (6/94)
                                                                                                                         
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PART IV -- OTHER INFORMATION

(1)      Name and telephone number of person to contact in regard to this
         notification

         MARK D. SLUSSER                          214               352-7561  
         ---------------------------------- ----------------- ------------------
                    (Name)                     (Area Code)    (Telephone Number)

(2)      Have all other periodic reports required under Section 13 or 15(d) of
         the Securities Exchange Act of 1934 or Section 30 of the Investment
         Company Act of 1940 during the preceding 12 months or for such shorter
         period that the registrant was required to file such report(s) been
         filed? If answer is no, identify report(s).               [x]Yes  [ ]No

         -----------------------------------------------------------------------

(3)      Is it anticipated that any significant change in results of operations
         from the corresponding period for the last year will be reflected by
         the earnings statements to be included in the subject report or
         portion thereof?                                          [x]Yes  [ ]No

         If so, attach an explanation of the anticipated change, both
         narratively and quantitatively, and, if appropriate, state the reasons
         why a reasonable estimate of the results cannot be made.

         THE REGISTRANT EXPECTS TO REPORT A LOSS OF APPROXIMATELY $20 MILLION
         IN THE CURRENT FISCAL YEAR VERSUS A LOSS OF APPROXIMATELY $2 MILLION
         IN THE PRIOR FISCAL YEAR.  THE INCREASE IN LOSS PERTAINS TO
         SUBSTANTIALLY GREATER PRE-OPENING AND DEVELOPMENT COSTS RELATED TO THE
         COMPANY'S CALCASIEU PARISH RIVERBOAT CASINO AS SUCH CASINO APPROACHES
         ITS OPENING DATE.

- --------------------------------------------------------------------------------

                           CROWN CASINO CORPORATION
                  --------------------------------------------
                  (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.


Date         JULY 28, 1995            By /S/ MARK D. SLUSSER 
- -----------------------------------      ---------------------------------------
                                         MARK D. SLUSSER, VICE PRESIDENT FINANCE

INSTRUCTION: The form may be signed by an executive officer of the registrant
or by any other duly authorized representative.  The name and title of the
person signing the form shall be typed or printed beneath the signature.  If
the statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.

                                   ATTENTION
  Intentional misstatements or omissions of fact constitute Federal Criminal
                       Violations (See 18 U.S.C. 1001).



                              GENERAL INSTRUCTIONS

1.       This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the
         General Rules and Regulations under the Securities Exchange Act of
         1934.

2.       One signed original and four conformed copies of this form and
         amendments thereto must be completed and filed with the Securities and
         Exchange Commission, Washington, D.C. 20549, in accordance with Rule
         0-3 of the General Rules and Regulations under the Act.  The
         information contained in or filed with the form will be made a matter
         of public record in the Commission files.

3.       A manually signed copy of the form and amendments thereto shall be
         filed with each national securities exchange on which any class of
         securities of the registrant is registered.

4.       Amendments to the notifications must also be filed on form 12b-25 but
         need not restate information that has been correctly furnished.  The
         form shall be clearly identified as an amended notification.

5.       Electronic Filers.  This form shall not be used by electronic filers
         unable to timely file a report solely due to electronic difficulties.
         Filers unable to submit a report within the time period prescribed due
         to difficulties in electronic filing should comply with either Rule
         201 or Rule 202 of Regulation S-T (Section  232.201 or Section
         232.202 of this chapter) or apply for an adjustment in filing date
         pursuant to Rule 13(b) of Regulation S-T (Section  232.13(b) of this
         chapter).


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