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SCHEDULE 13D - INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13D-1(A) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13D-2(A).*
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*As amended by Releases No. 34-15457, dated January 4, 1979, effective February
14, 979 (as corrected by Release No. 34-15457A, dated February 25, 1979) and
No. 34-14384, dated November 29, 1979, effective January 5, 1980. - Editor.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
CROWN CASINO CORPORATION
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
228216 10 7
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(CUSIP Number)
HELEN T. FERRARO
SMITH, GAMBRELL & RUSSELL, LLP
3343 PEACHTREE ROAD, NE
SUITE 1800
ATLANTA, GEORGIA 30326
(404) 264-2620
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
JULY 31, 1997
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(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 [ ].
( A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover period.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities and
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes.)
(Continued on following pages)
Page 1 of 6 Pages
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CUSIP No. 228216 10 7 13D Page 2 of 6 Pages
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1. NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
ROBERT J. KEHL
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
3. SEC USE ONLY
4. SOURCE OF FUNDS*
OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) [ ]
N/A
6. CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
NUMBER 7. SOLE VOTING POWER
OF SHARES
BENEFICIALLY 964,167
OWNED BY
EACH
REPORTING
PERSON
WITH
8. SHARED VOTING POWER
0
9. SOLE DISPOSITIVE POWER
964,167
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
964,167
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
N/A
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.7%
14. TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 228216 10 7 13D Page 3 of 6 Pages
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1. NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
KEHL RIVER BOATS, INC.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
3. SEC USE ONLY
4. SOURCE OF FUNDS*
OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) [ ]
N/A
6. CITIZENSHIP OR PLACE OF ORGANIZATION
NEVADA
NUMBER 7. SOLE VOTING POWER
OF SHARES
BENEFICIALLY 956,667
OWNED BY
EACH
REPORTING
PERSON
WITH
8. SHARED VOTING POWER
0
9. SOLE DISPOSITIVE POWER
956,667
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
956,667
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
N/A
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.6%
14. TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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AMENDMENT NO. 2 TO SCHEDULE 13D OF
KEHL RIVER BOATS, INC. AND ROBERT J. KEHL
IN CONNECTION WITH SECURITIES OF
CROWN CASINO CORPORATION
The Schedule 13D of Kehl River Boats, Inc. and Robert J. Kehl is hereby amended
as follows:
Item 1. Security and Issuer.
This filing relates to the acquisition of shares of the $.01 par
value common stock (the "Common Stock") of Crown Casino Corporation (the
"Issuer"), a Texas corporation, whose principal executive officers are located
at 4040 North MacArthur Boulevard, Suite 100, Irving, Texas 75038.
Item 2. Identity and Background.
This Amendment No. 2 to Schedule 13D is filed by Robert J. Kehl and
Kehl River Boats, Inc. ("KRB"), a Nevada corporation, which is a riverboat
construction firm. KRB's business address is 8259 Turtle Creek Circle, Las
Vegas, Nevada 89113. Robert J. Kehl, a citizen of the United States, is
president and a significant shareholder of KRB and his business address is the
same as that of KRB. Mr. Kehl is a director of the Issuer (since September
1994).
Neither KRB nor Mr. Kehl has been convicted in a criminal
proceeding during the last five years nor has either during the last five years
been party to civil proceeding of a judicial or administrative body of competent
jurisdiction which resulted in a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds for Other Consideration.
All of the securities which are the subject of this filing (with
the exception of certain stock options granted to Mr. Kehl for his services as a
director) were acquired by KRB in connection with a 1994 purchase agreement
between the Issuer and KRB for the purchase of a riverboat to house the Issuer's
former casino facility. The agreement with KRB provided for a purchase price
comprised of (i) 1,056,667 shares of the Issuer's Common Stock, (ii) $9.57
million in cash payments and (iii) a warrant to purchase 100,000 shares of the
Issuer's Common Stock at market value upon delivery of the riverboat, which
occurred in July 1994. Since the original filing of the Schedule 13D, KRB has
sold an aggregate of 100,000 shares of the Issuer's Common Stock and Mr. Kehl
has been granted certain stock options for his services as a director. As of the
date of this amendment, the warrant to purchase 100,000 shares has expired
unexercised.
Item 4. Purpose of Transaction.
See Item 3 above. Mr. Kehl and KRB hold the Issuer's shares for
investment purposes only.
Page 3 of 6
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Item 5. Interest in the Securities of the Issuer.
(a) Mr. Kehl, through his ownership and control of KRB,
beneficially owns in the aggregate 964,167 shares or 9.7% of the outstanding
Common Stock of the Issuer. KRB beneficially owns 956,667 shares or 9.6% of such
Common Stock.
(b) Mr. Kehl and KRB possess sole voting and dispositive power with
respect to the shares of Common Stock of the Issuer reported herein. Mr. Kehl
does not share with any other person voting or dispositive power.
(c) During the past 60 days, Mr. Kehl was granted an option to
purchase 5,000 shares of the Issuer's Common Stock at an exercise price of
$2.4375 per share.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
There are no contracts, arrangements, understandings or
relationships between Mr. Kehl or any other person with respect to any
securities of the Issuer.
Item 7. Material to be Filed as Exhibits.
The agreement between the reporting persons required by Rule 13(f)
(1) is filed herewith as Exhibit A.
Page 4 of 6
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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.
Date: August 25, 1997 /s/ Robert J. Kehl
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Robert J. Kehl
KEHL RIVER BOATS, INC.
Date: August 25, 1997 By: /s/ Robert J. Kehl
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Robert J. Kehl
President
Page 5 of 6
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EXHIBIT A
AGREEMENT
Robert J. Kehl and Kehl River Boats, Inc. hereby acknowledge that this
Schedule 13D is being filed on behalf of each of the undersigned and on behalf
of both of them.
Date: August 25, 1997 /s/ Robert J. Kehl
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Robert J. Kehl
KEHL RIVER BOATS, INC.
Date: August 25, 1997 By: /s/ Robert J. Kehl
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Robert J. Kehl
