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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: APRIL 15, 1998
Commission file number 33-75806
CAPITOL QUEEN & CASINO, INC.
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(Exact name of registrant as specified in its charter)
Nevada 43-1652885
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(State or other jurisdiction of (I.R.S. Employer
Incorporation or organization) Identification No.)
740 S. Decatur
Las Vegas, Nevada 89107
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(Address of principal (Zip Code)
executive offices)
(702) 258-5200
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(Registrant's telephone number, including area code)
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ITEM 3: Bankruptcy or Receivership
On March 17, 1998, Capitol Queen & Casino, Inc. the "Registrant" or the
"Company") filed a voluntary petition for reogranization under Chapter 11 of
the Bankruptcy Code with the United States Bankruptcy Court for the District of
Nevada (Las Vegas, Nevada). The file number in the case is 98-22172 LBR with
Judge Linda Riegle presiding.
ITEM 7: Financial Statements and Exhibits
(C) Exhibits
99. Press Release dated March 17, 1998
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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.
Capitol Queen & Casino, Inc.
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(Registrant)
Date: APRIL 15, 1998 /S/ Bruce F. Becker
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Bruce F. Becker
President, Chief Executive
Officer (Principal Executive
Officer) and Sole Director
Date: APRIL 15, 1998 /S/ Jerry Griffis
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Jerry Griffis
Controller (Principal Financial and
Accounting Officer)
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EXHIBIT
PRESS RELEASE - FOR IMMEDIATE RELEASE
CAPITOL QUEEN & CASINO, INC.
March 17, 1998
Contact: Gerald C. Heetland
Telephone: (702) 258-5145
Capitol Queen & Casino, Inc., a wholly owned subsidiary of Becker Gaming, Inc.,
with offices at 740 S. Decatur, Las Vegas, Nevada, announced today that it has
filed for Chapter 11 Bankruptcy protection in U.S. Bankruptcy Court in Las
Vegas, Nevada. Bruce F. Becker, President of the Company said " The filing was
made principally to allow the company to accomplish a sale and the delivery of
free and clear title to the Capitol Queen casino riverboat to a purchaser of the
vessel, the company's principal asset." The MV Capitol Queen was designed and
constructed for use on the Missouri river, but was never outfitted and operated
as a casino when the owners of Capitol Queen were unable to secure needed gaming
licenses from the Missouri Gaming Commission in 1993. Mr. Becker further stated,
"The inability of Capitol Queen to complete and operate the planned Jefferson
City, Missouri casino riverboat and related facilities resulted in substantial
debt and no liquid resources for repayment. Efforts over the past several years
to sell the riverboat have been unsuccessful, but recent offers and expressions
of interest from prospective purchasers desiring to take title to the riverboat
immediately resulted in the decision of the Company to file bankruptcy to
facilitate completion of a sale, without the necessity of securing individual
consent of all of the creditors, many of whom are not known to the Company". The
Company has no employees or operations and the filing is expected to have no
impact on Becker Gaming, Inc., or related companies.
This release contains forward looking statements that involve risks and
uncertainties. These statements may differ from actual future events or results.
