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 February 4, 1997
CASINO RESOURCE CORPORATION
Minnesota 0-22242 41-0950482
(State or other (Commission File Number) (IRS Employer
jurisdiction of incorporation) Identification No.)
1719 Beach Boulevard, Suite 306, Biloxi, Mississippi 39531-5396
(Address of Principal Executive Office)
Registrant's telephone number, including area code (601) 435-1976
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Item 5. OTHER EVENTS
On January 27, 1997, the Company announced the awarding of a conditional use
permit and a gaming license for New Palace Casino LLC.
A copy of the press release is 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
February 2, 1997
/s/ Maurice P. Gaudet
--------------------------------
Maurice P. Gaudet
Chief Financial Officer
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FOR IMMEDIATE RELEASE: January 27, 1997
CONTACT: Robert J. Allen, Vice President
Casino Resource Corporation
601-435-1976
PALACE CASINO GRANTED USE PERMIT AND GAMING LICENSE
BILOXI, MISS. - Casino Resource Corporation, (NASDAQ: CSNR), a Minnesota
corporation headquartered in Biloxi, Mississippi, announced today that the
New Palace Casino, L.L.C., a joint venture between and Robert and Lawana Low.
and Casino Resource Corporation was granted its conditional use permit on
January 21, 1997 by the City of Biloxi. Friday New Palace Casino L.L.C. was
granted its Mississippi Gaming License.
Casino Resource Corporation is a diversified entertainment, hospitality and
gaming enterprise. The company owns and operates the 2,000-seat Country
Tonite Theatre in Branson, Missouri, and will operate the new 1,500-seat
Country Tonite Theatre in Pigeon Forge, Tennessee, scheduled to open in
March of 1997. In addition, the Company owns Country Tonite Enterprises,
an award-winning theatrical production company in Las Vegas, Nevada
(producers of the "Country Tonite Show," currently in its fifth year at
the Aladdin Hotel); and the Grand Hinckley Inn, located in Hinckley,
Minnesota, adjacent to the Grand Casino. Further, the company has entered
into strategic alliances with Harrah's Entertainment for the development of
Indian gaming properties in Michigan and Indiana; has agreed to lease and
operate a casino and 600-seat theatre in Sousse, Tunisia; and as a member of
a Joint Venture, is in the process of acquiring the Palace Casino in Biloxi,
Mississippi.
