SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549
                                               
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                                  FORM 8-K
                          CURRENT REPORT PURSUANT
                       TO SECTION 13 OR 15(d) OF THE
                      SECURITIES EXCHANGE ACT OF 1934
                                            
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    Date of Report (Date of Earliest Event Reported):  November 1, 1996

                             BALLY GRAND, INC.
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           (Exact Name of Registrant as Specified in its Charter)

                                  Delaware
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               (State or Other Jurisdiction of Incorporation)

            1-2500                                     13-0980760
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   (Commission File Number)                         (I.R.S. Employer
                                                   Identification No.)

 3645 Las Vegas Blvd. South, Las Vegas Nevada                  89104
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   (Address of Principal Executive Offices)                 (Zip Code)

                               (702) 739-4111
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            (Registrant's Telephone Number, Including Area Code)


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       (Former Name or Former Address, if Changed Since Last Report)




     Item 5.  Other Events

               At the close of trading on November 1, 1996 the common
     stock, par value $0.01 per share (the "Common Stock"), of Bally Grand,
     Inc., a Delaware corporation (the "Company"), and the warrants (the
     "Warrants") to purchase Common Stock, were de-listed from The Nasdaq
     Stock Market.  The Common Stock and the Warrants had traded under the
     symbols "BGLV" and "BGLVW".  


                                    SIGNATURE

               Pursuant to the requirements of the Securities Exchange Act
     of 1934, the Company has duly caused this report to be signed on its
     behalf by the undersigned, hereunto duly authorized.


                                   Bally Grand, Inc.

                                   By:  /s/ David Arrajj    
                                       ---------------------
                                       Name:  David Arrajj
                                       Title: General Counsel

                                       

     Date November 1, 1996








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