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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20349
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): February 4, 2000
CAPITAL GAMING INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
New Jersey 0-19128 22-3061189
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(State or other (Commission File Number) (I.R.S. Employer
jurisdiction Identification No.)
of incorporation)
2701 E. Camelback Road
Suite 484
Phoenix, Arizona 85016
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(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including area code: (602) 667-0670
Not Applicable
(Former name or former address, if changed from last report)
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Item 4. Changes in Registrant's Certifying Accountant.
On January 28, 2000, the Company was notified that McGladrey & Pullen,
LLP, had acquired the attest assets of the Registrant's independent auditors
Toback CPAs, P.C., and that Tobacks CPAs would no longer be the auditor for the
Registrant. McGladrey & Pullen, LLP was appointed as the Registrant's new
auditor.
The auditor's reports from Toback CPAs, P.C. for the Registrant's past
fiscal year did not contain an adverse opinion or a disclaimer of opinion, and
were not qualified or modified as to uncertainty, audit scope, or accounting
principles.
The decision to engage McGladrey & Pullen, LLP will be presented for
approval to the Board of Directors at their next scheduled meeting.
During the Registrant's most recent fiscal year and the subsequent
interim period preceding the change, there have been no disagreements with
Toback CPAs on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure.
The Registrant has requested Toback CPAs, P.C. to furnish a letter
addressed to the Commission stating whether it agrees with the statements made
in this Item. Such letter is included in an exhibit to this Form 8-K.
Item 7. Financial Statements and Exhibits
No financial statements or pro forma financial information are required
to be filed as a part of this report. Toback CPAs, P.C.'s letter to the
Commission has been filed as an exhibit to this report.
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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 hereunto duly authorized.
February 4, 2000 CAPITAL GAMING INTERNATIONAL, INC.
By: /s/ William S. Papazian
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Name: William S. Papazian
Title: Executive Vice President and General Counsel
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[TOBACK BUSINESS CONSULTANTS LETTERHEAD]
February 4, 2000
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
We were previously the independent accountants for Capital Gaming
International, Inc., and on September 27, 1999 we reported on the consolidated
financial statements of Capital Gaming International, Inc. and subsidiaries as
of and for the year ended June 30, 1999. On January 28, 2000 we informed
Capital Gaming International, Inc. that McGladrey & Pullen, L.L.P. had acquired
our attest assets and we would no longer be the independent accountants of
Capital Gaming International, Inc. We have read Capital Gaming International,
Inc. statements included under Item 4 of its Form 8-K for February 4, 2000 and
we agree with such statements.
TOBACK CPAs, P.C.
Phoenix, Arizona
February 4, 2000
MDM/tlk