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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): March 12, 2001
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)
3030 E. Camelback Road
Suite 295
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 5. Other Events.
(a) Previous Independent Accountants
(i) On February 14, 2001 the independent accountants for the
Company, McGladrey & Pullen, LLP, resigned as the Company's auditors.
(ii) The reports of McGladrey & Pullen, LLP on the financial
statements of the Company for the past two fiscal years contain no adverse
opinion or disclaimer of opinion, and such reports were not qualified or
modified as to uncertainty, audit scope or accounting principles, with the
exception of the auditors' report covering the Company's financial statements
included in the Company's Form 10-K for the fiscal year ended June 30, 2000
which contained an assumption that the Company would continue as a going
concern.
(iii) In connection with the audits for the two most recent
fiscal years and through and including February 14, 2001 there have been no
disagreements with McGladrey & Pullen, LLP on any matter of accounting
principles or practice, financial statement disclosure, or auditing scope or
procedure of the nature presented in Item 304(a)(1)(iv) of the Securities and
Exchange Commission Regulation S-K, which disagreements if not resolved to the
satisfaction of McGladrey & Pullen, LLP would have caused them to make reference
thereto in their report on the financial statements for such years.
(iv) During the two most recent fiscal years and through and
including February 14, 2001, there have been no reportable events as defined in
Item 304(a)(1)(v) of Securities and Exchange Commission Regulation S-K.
No financial statements or pro forma financial information are required
to be filed as a part of this report.
Item 7. Financial Statements and Exhibits
(c) Exhibits
16. Letter of McGladrey & Pullen, LLP dated March 1, 2001,
regarding the disclosure contained in Item 5(a) of the Company's Form 10-Q for
the period ended December 31, 2000 as filed with the United States Securities
and Exchange Commission on February 16, 2001 (filed herewith).
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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.
March 12, 2001 CAPITAL GAMING INTERNATIONAL, INC.
By: /s/ William S. Papazian
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Name: William S. Papazian, Executive Vice President
Capital Gaming Management, Inc.
(Authorized Representative)
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Exhibit Index
Exhibit Number Description
16. Letter of McGladrey & Pullen, LLP dated March 1, 2001,
regarding the disclosure contained in Item 5(a) of the
Company's Form 10-Q for the period ended December 31,
2000 as filed with the United States Securities and
Exchange Commission on February 16, 2001 (filed
herewith).