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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WH0SutSV78kskRf0nTL2c/rOvznsm0Ps747Y+ral8lz6ZRUdgdTJQ/gIm0Vu+YW2
 cjukAPHVKTeel5Qn2BDVJg==

<SEC-DOCUMENT>0001179110-09-002788.txt : 20090217
<SEC-HEADER>0001179110-09-002788.hdr.sgml : 20090216
<ACCEPTANCE-DATETIME>20090217133242
ACCESSION NUMBER:		0001179110-09-002788
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090213
FILED AS OF DATE:		20090217
DATE AS OF CHANGE:		20090217

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Elixir Gaming Technologies, Inc.
		CENTRAL INDEX KEY:			0001004673
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS MANUFACTURING INDUSTRIES [3990]
		IRS NUMBER:				911696010
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1120 N. TOWN CENTER DRIVE
		STREET 2:		SUITE 260
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89144
		BUSINESS PHONE:		7027337195

	MAIL ADDRESS:	
		STREET 1:		1120 N. TOWN CENTER DRIVE
		STREET 2:		SUITE 260
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89144

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VENDINGDATA CORP
		DATE OF NAME CHANGE:	20000727

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CVI TECHNOLOGY INC
		DATE OF NAME CHANGE:	20000508

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CASINOVATIONS INC
		DATE OF NAME CHANGE:	19970710

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HARVEY PAUL
		CENTRAL INDEX KEY:			0001237364

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32161
		FILM NUMBER:		09609440

	BUSINESS ADDRESS:	
		STREET 1:		116 HIDDEN HILL DRIVE
		CITY:			MADISON
		STATE:			MS
		ZIP:			39110
		BUSINESS PHONE:		6018566449

	MAIL ADDRESS:	
		STREET 1:		116 HIDDEN HILLS DRIVE
		CITY:			MADISON L
		STATE:			MS
		ZIP:			39110
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 4 -
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-02-13</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001004673</issuerCik>
        <issuerName>Elixir Gaming Technologies, Inc.</issuerName>
        <issuerTradingSymbol>EGT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001237364</rptOwnerCik>
            <rptOwnerName>HARVEY PAUL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6650 VIA AUSTI PARKWAY, SUITE 170</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LAS VEGAS</rptOwnerCity>
            <rptOwnerState>NV</rptOwnerState>
            <rptOwnerZipCode>89119</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Option/Right to Buy</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.13</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-02-13</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>50000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2009-08-13</value>
            </exerciseDate>
            <expirationDate>
                <value>2019-02-12</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>50000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>50000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes></footnotes>

    <ownerSignature>
        <signatureName>Paul A. Harvey</signatureName>
        <signatureDate>2009-02-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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