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UNITED STATES
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) January 4, 2001
BLACK HAWK GAMING & DEVELOPMENT COMPANY, INC.
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(Exact name of registrant as specified in its charter)
Colorado 0-21736 84-1158484
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
240 Main Street
Post Office Box 21
Black Hawk, Colorado 80422
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 582-1117
No Change
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Former name or former address if changed since date of last filing
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Item 2. Acquisition or Disposition of Assets.
On January 4, 2001, the registrant, through its wholly owned subsidiary
Gold Dust West Casino, Inc. ("GDWC"), closed its acquisition of the assets and
business of the Gold Dust Motel, Inc. (an unaffiliated party) on the terms and
conditions set forth in the Asset Purchase Agreement dated January 7, 2000 and
filed under the registrant's Report on Form 8-K on January 20, 2000. The assets
and business acquired are referred to as the Gold Dust West Casino which is a
gaming casino located in Reno, Nevada.
The Gold Dust West Casino is located a few blocks west of Reno's
downtown gaming district on approximately 4.6 acres. The casino has been
successful in catering to the "locals" market for the past 22 years and has
about 17,500 square feet of gaming space, currently accommodating 500 slot
machines. The Gold Dust West Casino also offers the Wildwood Restaurant, a 6,600
square foot dining facility and 106 motel rooms. The property is included within
the Central Downtown Gaming District corridor.
The registrant, GDWC, and certain of their affiliates received gaming
license approval from the Nevada Gaming Commission after a hearing on December
20, 2000.
The purchase price of $26.5 million was financed under the registrant's
credit facility with a bank syndicate led by Wells Fargo Bank, N.A. A copy of
the registrant's First Amendment to its existing Credit Agreement (previously
filed on April 20, 1999) is filed herewith as Exhibit 01-10.1.
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Item 7. Financial Statements and Exhibits.
(a)(b) Financial Statements. The financial statements and pro forma financial
statements required under these subsections will be filed on or before
March 20, 2001.
(c) Exhibits. The following exhibit is filed herewith:
Number Description
01-10.1 First Amendment to Credit Agreement
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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.
BLACK HAWK GAMING &
DEVELOPMENT COMPANY, INC.
By: /s/ Stephen R. Roark
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Stephen R. Roark, President
Date: January 10, 2001
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INDEX TO EXHIBITS
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<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
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10.1 First Amendment to Credit Agreement
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