<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB/A
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1996
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D)OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM TO
--------- ---------
COMMISSION FILE NUMBER 0-25244
TRANS WORLD GAMING CORP.
(Exact name of registrant as specified in its charter)
NEVADA 13-3738518
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
ONE PENN PLAZA, NEW YORK, NEW YORK 10119
(Address of principal executive offices) (Zip code)
(212) 563-3355
(Issuer's telephone number including area code)
Check whether the Registrant (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12
months (or for such shorter period that the Registrant was required to file such
reports) and (2) has been subject to such filing requirements for the past 90
days. YES X NO .
--- ---
Shares of the Registrant's Common Stock , par value $.001, outstanding as of
November 10, 1995: 2,544,286
---------
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TRANS WORLD GAMING CORP.
FORM 10-QSB
INDEX
PART I - FINANCIAL INFORMATION
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS PAGE
CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED) AS OF
MARCH 31, 1996. 3
CONDENSED CONSOLIDATED STATEMENT OF EARNINGS (UNAUDITED) 4
FOR THE THREE MONTHS ENDED MARCH 31, 1996 AND 1995
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) 5
FOR THE THREE MONTHS ENDED MARCH 31, 1996 AND 1995
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 6
ITEM 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION OR PLAN OF OPERATIONS 7 TO 9
ITEM 3 EXHIBITS
C.P. BAKER & CO. BRIDGE LOAN DOCUMENTS
FINANCIAL DATA SCHEDULE
PART II - OTHER INFORMATION
SIGNATURE 10
2
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SIGNATURE:
TRANS WORLD GAMING CORP.
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.
TRANS WORLD GAMING CORP.
/s/ Dominick J. Valenzano
May 10, 1995 ------------------------------
Dominick J. Valenzano
Chief Financial Officer & Treasurer
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENT OF EARNINGS FOUND ON PAGE
3 AND 4 OF THE COMPANY'S FORM 10 QSB/A FOR THE YEAR TO DATE AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<CASH> 272
<SECURITIES> 0
<RECEIVABLES> 242
<ALLOWANCES> 0
<INVENTORY> 89
<CURRENT-ASSETS> 759
<PP&E> 1,562
<DEPRECIATION> 173
<TOTAL-ASSETS> 13,504
<CURRENT-LIABILITIES> 4,373
<BONDS> 1,178
0
0
<COMMON> 3
<OTHER-SE> 7,950
<TOTAL-LIABILITY-AND-EQUITY> 13,504
<SALES> 671
<TOTAL-REVENUES> 1,667
<CGS> 603
<TOTAL-COSTS> 834
<OTHER-EXPENSES> 823
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 157
<INCOME-PRETAX> (147)
<INCOME-TAX> 22
<INCOME-CONTINUING> (169)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (169)
<EPS-PRIMARY> (0.066)
<EPS-DILUTED> (0.066)
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