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U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): [ X ] - Form 10-K and Form 10-KSB [ ] - Form 11-K
[ ] - Form 10-Q and Form 10-QSB [ ] - Form N-SAR
For Year Ended: June 30, 1997
[ ] - Transition Report on Form 10-K
[ ] - Transition Report on Form 20-F
[ ] - Transition Report on Form 11-K
[ ] - Transition Report on Form 10-Q
[ ] - Transition Report on Form N-SAR
For the Transition Period Ended: _____________________
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Read attached Instruction Sheet Before Preparing Form.
Please Print or Type. Nothing in this form shall be construed to imply
that the Commission has verified any information contained herein.
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If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification
relates:...................
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Part I - Registrant Information:
Full Name of Registrant: Gold River Hotel & Casino Corporation
Former Name if Applicable:_____________________________________
Address of Principal Executive Office:
2800 West Sahara, Suite 4-B
(Street and Number)
Las Vegas, Nevada 89102
(City, State and Zip Code)
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Part II - Rules 12b-25(b) and (c)
If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to
Rule 12b-25(b), the following should be completed.
(Check box if appropriate.) [ X ]
(a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20F, 11-K or Form N-SAR, or portion thereof
will be filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report or transition
report of Form 10-Q, or portion thereof will be filed on or before the
fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
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Part III - Narrative
State below in reasonable detail the reasons why Form 10-K and
Form 10-KSB,20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the
transition report orportion thereof could not be filed within the
prescribed period (attach extra sheets if needed).
Preparation of the Company's Form 10-K for the fiscal year ended June
30, 1997 has been delayed due to the confirmation of their "Second
Amended Joint Plan of Reorganization of Debtors, Mr. Allen E. Paulson
and the Official Committee of Bondholders " on March 4, 1997 by the
United States Bankruptcy Court for the District of Nevada to reorganize
the Company's debt and equity under Chapter 11 of the United States
Bankruptcy Code. The effective date of the Plan occurred on March 25,
1997 and the Debtors expect that the Plan Revesting Date (as defined in
the Plan) will occur within ten (10) business days after September 30,
1997. The reorganization contemplated by the Plan will occur on the
Plan Revesting Date. Under the Plan Mr. Allen E. Paulson will become the
sole shareholder of Gold River and receive 100% of the new Gold River
stock on the Revesting Date. Mr. Paulson will also serve as the sole
director, President, Secretary and Treasurer of the Reorganized Company
which along with becoming sole shareholder requires Nevada Gaming
Authorities approval before the Revesting Date can occur. On September
10, 1997 Mr. Paulson received the approval for licensing by the State of
Nevada Gaming Control Board. He will appear before the Nevada Gaming
Commission on September 25, 1997 and the Clark County Liquor and Gaming
License Board on September 30, 1997. The necessary information to
properly disclose the consequences of these events needs to be reviewed
and cannot be done without unreasonable effort. The Company needs
additional time to determine the information necessary to be properly
included in the Form 10-K.
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Part IV - Other Information
(1) Name and telephone number of person to contact in regard to
this notification:
Benjamin F. Martello 702 298-2175
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under section 13 or
15(d) of the Securities Exchange Act of 1934 or section 30 of the
Investment Company Act of 1940 during the preceding 12 months or for
such shorter period that the registrant was required to file such
report(s) been filed? If the answer is no, identify report(s).
[ X ] - Yes [ ] - No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will
be reflected by the earnings statement to be included in the subject
report or portion thereof? [ ] - Yes [ ] - No
If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.
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Gold River Hotel & Casino Corporation
(Name or Registrant as specified in charter)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: September 24, 1997 By: /s/ Benjamin F. Martello
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Benjamin F. Martello
Secretary/Treasurer and
Chief Financial and Accounting
Officer
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ATTENTION
Intentional misstatements or representations of fact constitute Federal
criminal Violations (See 18 U.S.C. 1001).
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