SANTA FE GAMING CORP
8-K, 1999-03-12
MISCELLANEOUS AMUSEMENT & RECREATION
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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): March 12, 1999
                                          
                                          
                             SANTA FE GAMING CORPORATION
                 (Exact Name of Registrant as Specified in Charter)
                                          
                                          
          NEVADA                        1-9481                 88-0304348
(State or Other Jurisdiction    (Commission File Number)      (IRS Employer
     of Incorporation)                                      Identification No.)


              4949 NORTH RANCHO DRIVE                      
                 LAS VEGAS, NEVADA                                 89130
      (Address of Principal Executive Offices)                   (Zip Code)


     Registrant's telephone number, including area code:   (702) 658-4300


                                        NONE
           (Former Name or Former Address, if Changed Since Last Report)
                                          
                                          
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ITEM 5.   OTHER EVENTS.

     On March 12, 1999, Santa Fe Gaming Corporation, a Nevada corporation 
(the "Company"), issued a press release announcing that the 1999 Annual 
Meeting of Stockholders will be held at 10:00 a.m. on Friday, April 30, 1999. 

     A copy of the press release dated March 12, 1999 issued by the Company 
is filed as Exhibit 99.1 to this Current Report on Form 8-K and is 
incorporated herein by reference.

ITEM 7.   EXHIBITS.

     The following exhibit is filed with this Current Report on Form 8-K.

 EXHIBIT NO.           DESCRIPTION
 -----------           -----------
 99.1                  Press Release of Santa Fe Gaming Corporation dated
                       March 12, 1999.

                                       2

<PAGE>
                                          
                                     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.

                              SANTA FE GAMING CORPORATION



Date: March 2, 1999           By:  /s/ Thomas K. Land   
                                   -------------------------
                                   Thomas K. Land
                                   Senior Vice President and
                                   Chief Financial Officer


                                       3


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                                                                   Exhibit 99.1


                             SANTA FE GAMING CORPORATION
                                 4949 NO. RANCHO DR.
                                 LAS VEGAS, NV 89130


FOR IMMEDIATE RELEASE:
Friday, March 12, 1999


                        SANTA FE GAMING CORPORATION ANNOUNCES 
                         1999 ANNUAL MEETING OF STOCKHOLDERS 

LAS VEGAS, NEV. -- Santa Fe Gaming Corporation (AMEX:SGM), a diversified gaming
company headquartered in Las Vegas, announced today that the 1999 Annual Meeting
of Stockholders will be held at 10 a.m. on Friday, April 30, 1999. The meeting
had previously been scheduled for Thursday, March 18, 1999. The meeting date had
been rescheduled to permit the company to review information about potential
candidates for special directors to be elected by Preferred Stockholders.  At
the Annual Meeting, common stockholders will be asked to elect three directors
to serve for two or three year terms and to ratify the selection of the
Company's public accountants.  Preferred stockholders will be asked to elect two
special directors to serve for one or two year terms in accordance with the
Company's certificate of designation of its preferred stock.  Common and
preferred stockholders of record as of Thursday, April 8, 1999, will be entitled
to notice of, and to vote at, the Annual Meeting.  The annual meeting will be
held at the Pioneer Hotel and Gambling Hall, 2200 South Casino Drive, Laughlin,
Nevada 89028.

Santa Fe Gaming Corporation owns and operates the Santa Fe Hotel and Casino in
northwest Las Vegas and the Pioneer Hotel & Gambling Hall in Laughlin, Nevada. 
In addition, the Company holds several real estate parcels for future
development within or in the area surrounding Las Vegas, Nevada.



CONTACT:  Thomas K. Land
          Chief Financial Officer
          Santa Fe Gaming Corporation
          702-658-4340


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