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: MARCH 18, 1997
------------------------------
AMERICAN BINGO & GAMING CORP.
-----------------------------
(Exact name of small business issuer as specified in its charter)
DELAWARE 1-13530 74-2723809
-------- ------- ----------
(State or other jurisdiction of Commission (I.R.S. Employer
incorporation or organization) File Number Identification No.)
515 CONGRESS AVENUE, SUITE 1200, AUSTIN, TEXAS 78701
----------------------------------------------- -----
(Address of principal executive offices)
(512) 472-2041
--------------
(Registrant's telephone number)
<PAGE>
ITEM 5. OTHER EVENTS
- -----------------------
FLORIDA SETTLEMENT
- -------------------
As of March 2 1997, American Bingo & Gaming Corp. (the "Registrant" or the
"Company") has settled all previously disclosed legal issues with the State of
Florida and fulfilled all settlement requirements. There are no further issues
outstanding. Pursuant to this settlement, the Company hereby retracts the
following statement from its 1995 Form 10-KSB Annual Report, "The State of
Florida proved to be hostile to out-of-state ownership of Florida bingo
centers and essentially forced the Company's exit from the state."
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.
AMERICAN BINGO & GAMING CORP.
(Registrant)
March 18, 1997 By: /s/ GREG WILSON
---------------
Greg Wilson, Principal Executive Officer
<PAGE>
