<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): January 10, 1995
SAHARA GAMING CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Nevada 1-9481 88-0304348
(STATE OR OTHER (COMMISSION FILE (I.R.S. EMPLOYER
JURISDICTION OF NUMBER) IDENTIFICATION NO.)
INCORPORATION)
2535 Las Vegas Blvd. South, Las Vegas, Nevada 89109
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (702) 737-2111
None
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
Page 1 of 5 Pages
Exhibit Index at Page 4
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ITEM 5. OTHER EVENTS.
On January 10, 1995, Sahara Gaming Corporation entered into an
agreement with William G. Bennett, former chairman and chief executive officer
of Circus Circus, pursuant to which Mr. Bennett will purchase substantially all
of the assets of the Hacienda Resort Hotel & Casino in an all-cash transaction.
Consummation of the transaction is subject, among other things, to approval of
the sale by Sahara Gaming Corporation's Board of Directors and receipt by the
purchaser of all necessary regulatory licenses and approvals.
A copy of Sahara's press release dated January 10, 1995 relating to
the proposed sale is filed as an Exhibit to this Current Report on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibits
--------
99.1 January 10, 1995 Press Release.
2
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SIGNATURES
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.
SAHARA GAMING CORPORATION,
a Nevada corporation
By: /s/ Thomas K. Land
-----------------------------
Name: Thomas K. Land
Title: Senior Vice President
January 11, 1995
3
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EXHIBIT INDEX
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Sequentially
Exhibit No. Description Numbered Page
- - - ----------------- ----------------------- -----------------
<S> <C> <C>
99.1 January 10, 1995 Press 5
Release
</TABLE>
4
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Exhibit 99.1
FOR IMMEDIATE RELEASE: Tuesday, January 10, 1995
CONTACT: Stephen J. Szapor, Jr., COO Richard Bernot
Thomas K. Land, CFO or Madeleine Franco
Sahara Gaming Corporation Jordan Richard Assoc.
702-727-2724 801-595-8611
SAHARA GAMING CORPORATION ANNOUNCES SALE OF HACIENDA
LAS VEGAS, NEV.--Sahara Gaming Corporation (AMEX:SGM) announced today the sale
of substantially all of the assets of its Hacienda Hotel & Casino in Las Vegas
to William G. Bennett, former chairman and chief executive officer of Circus
Circus, in an all-cash transaction.
The sale if subject to the approval of the Board of Directors of Sahara Gaming
as well as the buyer's obtaining all appropriate regulatory licenses and
approvals.
"We are extremely pleased to have been able to execute this agreement," said
Sahara Chief Operating Officer Stephen J. Szapor. "The sale of the Hacienda
provides us with significant liquidity with which to continue to grow our
company and/or reduce our outstanding indebtedness," he said.
Other terms of the agreement were not disclosed. The company indicated that
further details would be disclosed in its upcoming filings with the Securities
and Exchange Commission.
Sahara Gaming Corporation is a diversified gaming management company
headquartered in Las Vegas. The company owns and operates the Sahara and
Hacienda Casino Hotels on the Las Vegas Strip, the Santa Fe Hotel & Casino in
northwest Las Vegas, and the Pioneer Hotel and Gambling Hall in Laughlin,
Nevada.
