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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC FILE 33-75806
NOTIFICATION OF LATE FILING
CUSIP NUMBER
(Check One)
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q and Form
10-QSB [ ] Form N-SAR
For Period Ended: September 30, 1997 [ ] Transition Report on Form
10-K [ ] Transition Report on Form 20-F [ ] Transition Report on Form
11-K [ ] Transition Report on Form 10-Q [ ] Transition Report on Form
N-SAR
For the Transition Period Ended:__________________________
Read Attached Instruction Sheet Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein. If the notification relates to
a portion of the filing checked above, identify the Item(s) to which the
notification relates:
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Part I - Registrant Information
Full Name of Registrant: Capitol Queen & Casino, Inc.
Former Name if Applicable: Not Applicable
740 South Decatur Boulevard
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Address of Principal Executive Office (Street and Number):
Las Vegas, Nevada 89107
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City, State and Zip Code
Part II - Rules 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate).
[X] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will
be filed on or before the fifteenth calendar day following the prescribed
due date; or the subject quarterly report or transition report on Form
10-Q, or portion thereof will be filed on or before the fifth calendar day
following the prescribed due date; and
[ ] (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
Part III - Narrative
The Company's affiliate, Arizona Charlie's, Inc., its management and its
advisors have been in preparation for Bankruptcy Court hearings for Arizona
Charlie's, Inc. to be held on May 15, 1998 involving two competing disclosure
statements. Such preparation has placed time demands on management and the
Company's advisors.
As a result of the timing required for the preparation of Bankruptcy Court
hearings and the limited human resources available to the Company, the Form 10-Q
could not be completed without unreasonable effort. The Form 10-Q, when filed,
will provide limited disclosure of the aforementioned competing plans.
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Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification.
Jerry Griffis (702) 258-5156
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d)
of the Securities Exchange Act of 1934 or section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter
period that the registrant was required to file such report(s) been filed?
If the answer is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report
or portion thereof?
[ ] Yes [X] No
If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why
a reasonable estimate of the results cannot be made.
Capitol Queen & Casino, Inc.
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: May 15, 1998 By:/s/Bruce F. Becker
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Bruce F. Becker
President
