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 JULY 2, 1996
Caino Resource Corporation
(Exact name of registrant as specified in its charter)
Minnesota 0-22242 41-0950482
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification no.)
1719 Beach Boulevard, Suite 306, Biloxi, Mississippi 39531-5396
(Address of principal executive offices)
Registrant's telephone number, including area code (601) 435-1976
Item 5. OTHER EVENTS
On July 2, 1996, the Company announced new venues for the Country Tonite
show in Tennessee and in Mississippi.
Copies of the press releases are attached and incorporated as part of this
filing.
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.
CASINO RESOURCE CORPORATION
July 2, 1996 _____________________________________________
Maurice P. Gaudet
Controller and Acting Chief Financial Officer
FOR IMMEDIATE RELEASE: Tuesday, July 2, 1996
CONTACT: Jack Pilger, Chief Executive Officer
or Robert J. Allen, Vice President
Casino Resource Corporation
601-435-1976
CASINO RESOURCE CORPORATION
BILOXI, MISS. - Casino Resource Corporation (NASDAQ: CSNR) today announced
that the company has signed a memorandum of understanding with Burkhart
Ventures, LLC, for the expansion of its "Country Tonite Show." The 1500-seat
state-of-the-art theatre is strategically located in the heart of Pigeon
Forge, Tennessee, and presently is the home of country star T.G. Sheppard.
Pigeon Forge, located at the base of the Smoky Mountains, enjoys twice as
many visitors each year as Branson, Missouri, drawing over 12 million
tourists annually in contrast to the Branson marketplace which hosts
approximately 6 million visitors per year.
This agreement follows the company's report that occupancy at its Country
Tonite Theatre in Branson, Missouri, for the first eight months of operation
in fiscal 1996 is out pacing 1995 occupancy figures by 66 percent, while year
- -to-date revenues are up 79.5 percent over 1995's revenue figure of $4.3
million.
Casino Resource Corporation also announced that its wholly owned subsidiary,
Country Tonite Enterprises, has reached an agreement with Grand Casino
(Minneapolis, Minnesota) to produce the "Country Tonite Show" at the Biloxi
Grand Theatre in Biloxi, Mississippi. This seasonal agreement allows the
Branson Country Tonite production cast to enjoy continued revenues during
their otherwise down time when Branson theatres close for the three-month
winter season.
Jack Pilger, chief executive officer of Casino Resource Corporation stated,
"These agreements are in keeping with management's goals for the expansion of
the Country Tonite Show' into popular destination resort and casino markets."
Casino Resource Corporation is a diversified hospitality and entertainment
enterprise. The company owns and operates the 2,000-seat Country Tonite
Theatre in Branson, MO; Country Tonite Enterprises, an award-winning
theatrical production company in Las Vegas (producers of the "Country Tonite
Show," currently in its fourth year at the Aladdin Hotel); and the 154-room
Grand Hinckley Inn, located in Hinckley, MN., adjacent to the Grand Casino.
In addition, the company has entered into strategic alliances for the
development of Indian gaming properties in Michigan and Indiana and has
recently signed a definitive agreement to lease and operate a casino and
600-seat theatre in Sousse, Tunisia.
