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 reported) February 23, 2001


                              SILICON GAMING, INC.
             (Exact name of registrant as specified in its charter)


         California                   0-28294                    77-0357939
(State or other jurisdiction        (Commission                 (IRS Employer
      of incorporation)             File Number)             Identification No.)


2800 W. Bayshore Road, Palo Alto, California                       94303
  (Address of principal executive offices)                       (Zip Code)


       Registrant's telephone number, including area code: (650) 842-9000


                                 Not Applicable
         (Former name or former address, if changed since last report.)

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

   Exhibit No              Description
   ----------              -----------
      9.1               Notice of Termination of Exchange Warrants

ITEM 9. REGULATION FD DISCLOSURE

On February 23, 2001,  the company  distributed a notice of  termination  to the
registered holders of its exchange warrants issued June 30, 2000 in its exchange
offer. The notice of termination is set forth on Exhibit 9.1 and is incorporated
herein by reference.

The information in this report is being furnished  pursuant to Regulation FD. In
accordance  with General  Instruction  B.2 of Form 8-K, the  information in this
report  shall not be deemed to be  "filed"  for  purposes  of  Section 18 of the
Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated
by reference in any filing under the  Securities  Act of 1933,  as amended.  The
furnishing of the  information  set forth in this report is not intended to, and
does not,  constitute a  determination  or admission  as to the  materiality  or
completeness of such information.

                                   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, thereto duly authorized.

                                       SILICON GAMING, INC.



Date: February 23, 2001                By: /s/ Andrew S. Pascal
                                           ------------------------------------
                                           Andrew S. Pascal
                                           Chief Executive Officer and President