BANKERS TRUST NEW YORK CORPORATION
One Bankers Trust Plaza
New York, New York 10006
Damian P. Reitemeyer
Vice President
Telephone: (212) 250-4599
February 17, 1998
Securities and Exchange Commission
SEC Document Control
450 Fifth Street, N W
Washington, DC 20549
Attn. : Filing Desk
Dear Sirs :
Re : Filing of Schedule 13G on
SHOWBOAT INC
Pursuant to Rule 13d-1 of the General Rules and
Regulations copy under the Securities Exchange
Act of 1934, the following is one of the Schedule 13G with
respect to the common stock of the above referenced
corporation.
Please acknowledge your receipt of the Schedule 13G filing
submission through the EDGAR-Link System software, by
E-Mail confirmation.
Sincerely,
Damian P. Reitemeyer
Enclosures
Page 1 of 6
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 ) *
--------
SHOWBOAT INC
NAME OF ISSUER :
Common Stock: $1.00 Par Value
TITLE OF CLASS OF SECURITIES
825390107
CUSIP NUMBER
Check the following box if a fee is being paid with this
statement [ ]. (A fee is not required only if the
filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five
percent of the class of securities described in Item 1;
and (2) has filed no amendment subsequent there to
reporting beneficial ownership of five percent or less of
such class. ) ( See Rule 13d-7.)
* The remainder of this cover page shall be filled out for
a reporting person s initial filing on this form with
respect to the subject class of securities, and for any
subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the reminder of this cover page
shall not be deemed to be filed for the purpose of
Section 18 of the Securities Exchange Act of 1934 ( Act )
or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
Continued on following page(s)
Page 2 of 6
CUSIP No. 825390107
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bankers Trust New York Corporation and its wholly-
owned subsidiary, Bankers Trust Company and its indirectly
wholly owned subsidiary, BT Australia Limited. 13-6180473
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Both Bankers Trust New York Corporation and Bankers
Trust Company are New York Corporations. BT Australia
Limited is an Australia Corporation.
NUMBER OF 5. SOLE VOTING POWER
Bankers Trust Company 79,000 shares
BT Australia Limited 863,270 shares
942,270 shares
SHARES
BENEFICIALLY 6. SHARED VOTING POWER
Bankers Trust Company 0 shares
BT Australia Limited 0 shares
0 shares
OWNED BY
EACH 7. SOLE DISPOSITION POWER
Bankers Trust Company 246,600 shares
BT Australia Limited 863,270 shares
1,109,870 shares
REPORTING
PERSON 8. SHARED DISPOSITION POWER
Bankers Trust Company 0 shares
BT Australia Limited 0 shares
0 shares
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Bankers Trust Company 246,600 shares
BT Australia Limited 863,270 shares
1,109,870 shares
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES
CERTAIN SHARES *
[ ]
Page 3 of 6
CUSIP No. 825390107
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Bankers Trust Company 1.53%
BT Australia Limited 5.36%
6.89%
12. TYPE OF REPORTING PERSON *
Bankers Trust New York Corporation - HC
Bankers Trust Company - BK
Item 1 (a) NAME OF ISSUER:
SHOWBOAT INC
Item 1 (b) ADDRESSES OF ISSUER'S PRINCIPAL EXECUTIVE
OFFICES:
2800 Freemont Street
Las Vegas, NV 89104
Item 2 (a) NAME OF PERSON FILING:
Bankers Trust New York Corporation, and its
wholly-owned subsidiary, Bankers Trust Company and
its indirectly wholly owned subsidiary BT Australia
Limited.
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
Bankers Trust New York Corporation and Bankers
Trust Company are located at 130 Liberty Street
New York, New York 10006. BT Australia Limited
is located at Level 15, The Chifley
Tower, 2 Chifley Square, Sydney, NWS 2000 Australia
Item 2(c) CITIZENSHIP:
Bankers Trust New York Corporation, and its
wholly - owned subsidary, Bankers Trust Company
are incorporated in the State of New York with
its principal business office located in New
York. BT Australia Limited is an Australia company
doing business in Australia.
Item 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock: $1.00 Par Value
CUSIP No. 825390107 Page 4 of 6
Item 2 (e) CUSIP NUMBER:
825390107
Item 3 THE PERSON FILING IS A:
For Bankers Trust New York Corporation,
(g) [X] Parent Holding Company, in accordance with
Section 240.13d-1(b) (ii) (G)
For Bankers Trust company,
(b) [X] Bank as defined in Section 3(a)(6) of the Act
BT Australia Limited is a corporation permitted to report on
Schedule 13G in accordance with Securities and Exchange
Commission no-action letter to Bankers Trust New York
Corporation date May 15, 1990 (avail May 15, 1990).
Item 4 OWNERSHIP:
As of December 31, 1997
(a) Amount Beneficially Owned:
Bankers Trust Company 246,600 shares
BT Australia Limited 863,270 shares
1,109,870 shares
(b) Percent of Class:
Bankers Trust Company 1.53%
BT Australia Limited 5.36%
6.89%
(c) Number of shares as to which the Bank has:
(i) Sole power to vote or to direct the vote -
Bankers Trust Company 79,000 shares
BT Australia Limited 863,270 shares
942,270 shares
(ii) Shared power to vote or to direct the vote -
Bankers Trust Company 0 shares
BT Australia Limited 0 shares
0 shares
CUSIP No. 825390107 Page 5 of 6
(iii) Sole power to dispose or to direct the
disposition of -
Bankers Trust Company 246,600 shares
BT Australia Limited 863,270 shares
1,109,870 shares
(iv) Shared power to dispose or to direct the
disposition of -
Bankers Trust Company 0 shares
BT Australia Limited 0 shares
0 shares
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
[ ]
Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON:
Not applicable.
Item 7 IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE PARENT HOLDING COMPANY:
See Item 3 above.
Item 8 IDENTIFICATION AND CLASSIFICATION OF
MEMBERS OF THE GROUP:
Not applicable.
Item 9 NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
Page 6 of 6
CUSIP No. 825390107
Item 10 CERTIFICATION:
By signing below I certify that , to the best of
my knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and were
not acquired for the purpose of and do not have the effect
of changing or influencing the control of the issuer of
such securities and were not acquired in connection with
or as a participant in any transaction having such purpose
or effect.
SIGNATURE:
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Date: as of December 31, 1997
Signature: Bankers Trust New York
Corporation
By : /s/James T. Byrne, Jr.
Name : James T. Byrne, Jr.
Title: Secretary
Signature: Bankers Trust Company
By: /s/James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
Signature: BT Australia Limited
By: /s/ Jarod Glenn Benson
Name: Jarod Glenn Benson
Title: Secretary
EXHIBIT TO ITEM 7
The chain of ownership from Bankers Trust New
York Corporation to Bankers Trust Company is
shown below:
Bankers Trust New York Corporation
|
100%
|
Bankers Trust Company
EXHIBIT TO ITEM 7
The chain of ownership from Bankers Trust New
York Corporation to BT Australia Limited is
shown below:
Bankers Trust New York Corporation
|
100%
|
Bankers Trust Company
|
100%
|
Bankers International Corporation
|
100%
|
B.T. International (Delaware),Inc.
|
100%
|
BT Foreign Investment Corporation
|
100%
|
BT Investments (Australia) Limited
|
100%
|
Bankers Trust Australia Limited
|
100%
|
BT Australia Limited
