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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 71)
Santa Fe Gaming Corporation
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
80190410
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(CUSIP Number)
Paul W. Lowden, Santa Fe Gaming Corporation
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4336 Losee Rd, North Las Vegas, Nevada 89030, (702) 658-4300
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 9, 2000
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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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [ ].
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b)
for other parties to whom copies are to be sent.
(Continued on following pages)
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/1/ 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 page.
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 Exchange
Act of 1934, as amended, 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).
(Page 1 of 6 Pages)
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CUSIP No. 80190410 13D Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Paul W. Lowden
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ ]
(b) [ ]
N/A
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES 4,647,744 (rounded up to the nearest whole share)
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 4,647,744 (rounded up to the nearest whole share)
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PERSON 10 SHARED DEPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,647,744 (rounded up to the nearest whole share)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
70.8%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 80190410 13D Page 3 of 6 Pages
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This Amendment No. 71 amends and supplements the Schedule 13D, as amended
through Amendment No. 70 dated June 12, 2000 (the "Schedule 13D"), of Mr. Paul
W. Lowden, relating to the shares of common stock, par value $.01 per share (the
"Common Stock"), of Santa Fe Gaming Corporation (the "Company"), a Nevada
corporation, filed pursuant to Rule 13d-2 of Regulation 13D of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"). The Company, formerly
known as Sahara Gaming Corporation ("Sahara Gaming"), a publicly traded Nevada
corporation, is the successor corporation of two affiliates, Sahara Resorts
("Sahara Resorts"), a Nevada corporation, and Sahara Casino Partners. L.P. (the
"Partnership"), a Delaware limited partnership, which combined in a business
combination in September 1993 (the "Reorganization").
In September 1993, (i) the Partnership was converted into corporate form
through the merger of the Partnership with and into Sahara Gaming (the
"Partnership Merger"), as a result of which Sahara Gaming was the surviving
entity, and (ii) Sahara Resorts was merged into Sahara Merger Corp. ("Merger
Corp."), a Nevada corporation wholly-owned by Sahara Gaming, as a result of
which Sahara Resorts was the surviving corporation wholly-owned by Sahara
Gaming. At the time of the Reorganization, Sahara Resorts was the holding
company for a majority interest in the Partnership and its operations. As a
result of the Reorganization, Sahara Gaming succeeded to all of the assets and
liabilities of the Partnership and Sahara Resorts and was the successor issuer
of Sahara Resorts for purposes of Rule 414 under the Securities Act of 1933, as
amended. In 1996, Sahara Gaming changed its name to Santa Fe Gaming Corporation
(the "Company").
Item 5. Interest in Securities of the Issuer.
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The response to Item 5 is hereby amended and restated in its entirety to
read as set forth below. Item 5(c) has been amended to reflect additional
acquisitions made by Mr. Lowden's wholly owned corporation, LICO, since Mr.
Lowden's Amendment No. 70 to Schedule 13D was filed with the Securities and
Exchange Commission on June 12, 2000.
(a) Mr. Lowden beneficially owns 4,647,674 shares of Common Stock, or 70.8%
of the outstanding Common Stock of the Company. Of 4,647,674 shares
beneficially owned by Mr. Lowden, Mr. Lowden has the right to acquire 359,510 of
the shares under stock options which have been granted to him pursuant to the
Company's employee stock option plan and which are exercisable currently.
(b) Mr. Lowden has sole voting and dispositive power with respect to
4,647,674 shares of Common Stock, or 70.8% of the outstanding Common Stock of
the Company.
(c) Set forth below are acquisitions of Common Stock by LICO since June 12,
2000. Mr. Lowden is the 100% shareholder of LICO, which is a shareholder of
the Company. Pursuant to Rule 13d-3(a) of the Exchange Act, because of Mr.
Lowden's relationship to LICO, Mr. Lowden is deemed to be the indirect
beneficial owner of
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CUSIP No. 80190410 13D Page 4 of 6 Pages
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Common Stock purchased by LICO. Since June 12, 2000 LICO acquired 112,769 shares
of Common Stock through open market transactions.
<TABLE>
<CAPTION>
Number of Shares
Date Purchased/Acquired Price Per Share
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<S> <C> <C>
6/16/00 10,000 3.7328
6/16/00 10,000 3.6756
6/19/00 500 3.000
6/20/00 1,500 3.000
6/21/00 500 2.940
6/26/00 1,000 3.000
7/07/00 2,000 3.060
7/10/00 8,000 3.060
7/11/00 7,200 3.125
7/12/00 200 3.250
7/12/00 2,000 3.190
7/14/00 2,000 3.500
7/17/00 2,000 4.000
7/27/00 2,100 4.500
7/31/00 2,000 4.625
8/01/00 2,000 4.625
8/02/00 500 4.625
8/03/00 2,000 4.625
8/08/00 2,000 4.690
8/08/00 2,000 4.750
8/09/00 2,000 4.440
8/09/00 2,000 4.630
8/10/00 2,000 4.500
8/14/00 7,600 4.690
8/15/00 5,500 4.630
8/18/00 1,300 4.750
8/21/00 200 4.500
8/29/00 7,000 4.380
8/30/00 3,500 4.440
9/02/00 1,969 4.470
9/01/00 300 4.440
9/01/00 5,000 4.500
9/05/00 400 4.380
6/06/00 2,000 4.380
9/07/00 2,000 4.310
10/4/00 3,000 4.500
10/13/00 5,000 5.250
10/17/00 2,000 4.750
10/18/00 500 4.750
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Total 112,769
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</TABLE>
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CUSIP No. 80190410 13D Page 5 of 6 Pages
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(d) Suzanne Lowden has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of 271 shares of Common
Stock registered in her name, as well as 2,125 shares of Common Stock registered
in her name as custodian for Mr. and Mrs. Lowden's son, Paul W. Lowden, IV, and
2,396 shares of Common Stock registered in her name as custodian for Mr. and
Mrs. Lowden's son, William Lowden. Mr. Lowden disclaims beneficial ownership of
such shares.
(e) Not Applicable.
Item 6. Contracts, Arrangements, understandings or Relationships with Respect
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to Securities of the Issuer.
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None
Item 7. Material To Be Filed As Exhibits
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None
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CUSIP No. 80190410 13D Page 6 of 6 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment No. 71 to Schedule 13D
is true, complete, and correct.
Dated: November 2, 2000
By: /s/ Paul W. Lowden
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Paul W. Lowden
