<PAGE>
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 February 7, 1995
REPORTED):
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.
In accordance with the terms of the agreement, Players International,
Inc. ("Players") has terminated its agreement with Sahara Gaming Corporation
("Sahara") with respect to the sale by Sahara of an approximately 40-acre parcel
of land located in the Las Vegas area.
A copy of Sahara's press release dated February 7, 1995 relating to
the termination of the agreement is filed as an Exhibit to this Current Report
on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibits
--------
99.1 February 7, 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
February 7, 1995
3
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EXHIBIT INDEX
Sequentially
Exhibit No. Description Numbered Page
- ----------- ----------- -------------
99.1 February 7, 1995 Press Release 5
4
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Exhibit 99.1
FOR IMMEDIATE RELEASE: Tuesday, February 7, 1995
CONTACT: Stephen J. Szapor, Jr., COO Richard Bernot
Thomas K. Land, CFO or Madeleine Franco
Sahara Gaming Corporation Jordan Richard Assoc.
702-737-2724 801-595-8611
SAHARA GAMING CORPORATION ANNOUNCES TERMINATION
OF AGREEMENT CONCERNING GREEN VALLEY PROPERTY
LAS VEGAS, NEV.--Sahara Gaming Corporation (AMEX:SGM), announced today the
termination of its agreement with Players International, Inc. (NASDAQ:PLAY)
for sale by Sahara of an approximately 40-acre parcel of land in the Green
Valley area of Las Vegas, in accordance with the terms of the agreement.
According to Stephen J. Szapor, chief operating officer of Sahara, the Company
is reexamining its options relative to the potential hotel-casino site located
in the southeast portion of the Las Vegas Valley, including the extension of
the underlying indebtedness and Sahara's own development of the property.
"We believe that the Green Valley property continues to represent a
growth opportunity and we are evaluating our alternatives for the development
of the project," said Szapor.
Sahara Gaming Corporation owns and operates a portfolio of diversified
gaming properties in Nevada.
