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UNITED STATES
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 repo January 10, 2000
BLACK HAWK GAMING & DEVELOPMENT COMPANY, INC.
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(Exact name of registrant as specified in its charter)
Colorado 0-21736 84-1158484
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(State or other jurisdiction of (Commission File Number) I.R.S. Employer
incorporation or organization) Identification No.)
240 Main Street
Post Office Box 21
Black Hawk, Colorado 80422
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 582-1117
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No Change
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Former name or former address if changed since date of last filing
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Item 5. Other Events.
The registrant entered into an Asset Purchase Agreement ("Agreement")
on January 7, 2000 under which it intends to purchase the assets and operating
business of a gaming casino and motel located in Reno, Nevada known as the "Gold
Dust West." The purchase price is $26.5 million.
Gold Dust West is a casino/motel which is located a few blocks to the
west of Reno's downtown gaming district. The casino has been successful in
catering to the "locals" market for the past 22 years. The land portion covers
approximately 4.6 acres. The casino has about 17,500 square feet of gaming
space, which currently accommodates 478 slot machines, and at this time, offers
no table games. Gold Dust West also offers the Wildwood Restaurant, a 6,600
square foot dining area, and 106 motel rooms.
Closing can take place after the registrant secures Nevada gaming
approvals and certain other conditions to closing are met. It is expected to
take several months to obtain gaming approval. Another condition to closing
requires Gold Dust West to have achieved at least $5,100,000 of EBITDA for the
trailing 12-month period ending 30 days prior to the closing date. Other
conditions include satisfactory completion of the due diligence process and
acceptable environmental reports and title surveys on the property. The property
is included within the Central Downtown Gaming District corridor and can be
improved for high rise gaming use.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements None
(b) Exhibits Asset Purchase Agreement dated January
7, 2000
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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 thereunto duly authorized.
BLACK HAWK GAMING & DEVELOPMENT
COMPANY, INC.
By: /s/ Stephen R. Roark
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Stephen R. Roark, President
Date: January 15, 2000
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EXHIBIT INDEX
EXHIBIT
NO. DESCRIPTION
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(b) Asset Purchase Agreement dated January 7, 2000