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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of earliest event reported: July 19, 2000
PRESIDENT CASINOS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-20840 51-0341200
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(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification
organization) Number)
802 North First Street, St. Louis, Missouri 63102
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(Address of principal executive offices) (Zip code)
(314) 622-3000
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(Registrant's telephone number, including area code)
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Item 5. Other Items.
On July 19, 2000, the Company announced it entered into a definitive
agreement to sell its Davenport operations to Isle of Capri Casinos, Inc. for
aggregate consideration of $58.2 million in cash. The Connelly Group, L.P., a
limited partnership in which the Company owns a 95% interest, operates the
casino operations in Davenport, Iowa, and TCG/Blackhawk, Inc., a wholly-owned
subsidiary of the Company, owns the Blackhawk Hotel in Davenport. An
aggregate of $56.1 million has been allocated to the sale of the casino
operations and $2.1 million has been allocated to the sale of the Blackhawk.
Item 7. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired. Not applicable.
(b) Pro forma financial information. Not applicable.
(c) Exhibits. See Exhibit Index.
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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 thereunto duly authorized.
Dated: July 21, 2000
PRESIDENT CASINOS, INC.
By:
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James A. Zweifel, Executive Vice President
and Chief Financial Officer
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EXHIBIT INDEX
Exhibit
Number Description
99.1 Press Release dated July 19, 2000.
