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 (Date of earliest event reported): September 28, 2005
DOVER DOWNS GAMING & ENTERTAINMENT, INC.
(Exact name of registrant as specified in its charter)
Commission File Number 1-16791
Delaware | | 51-0414140 |
(State or other jurisdiction of incorporation) | | (IRS Employer Identification No.) |
| | |
1131 N. DuPont Highway, Dover, Delaware | | 19901 |
(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (302) 674-4600
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.02 Termination of a Material Definitive Agreement
As previously reported on Form 8-K dated August 9, 2005, the Company’s wholly-owned subsidiary, Dover Downs, Inc. (“Dover Downs”) entered into an Agreement of Sale with Philips East Side LLC (“Buyer”) on August 8, 2005 (the “Agreement”) to sell to Buyer a shopping center which Dover Downs owns in Dover, Delaware for $12,825,000. Closing under the Agreement was subject to the completion of customary due diligence to the satisfaction of the Buyer and its lenders. The Buyer elected on September 28, 2005 to exercise its right to terminate the Agreement. No reason for the termination was provided. Dover Downs may pursue other opportunities relative to the sale of the property.
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.
| Dover Downs Gaming & Entertainment, Inc. |
| |
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| /s/ Denis McGlynn | |
| Denis McGlynn |
| President and Chief Executive Officer |
Dated: October 4, 2005
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