8-K

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 reported):   December 28, 2010

GLOBAL CASINOS, INC.
(Exact Name of Registrant as Specified in its Charter)

Utah	0-15415	87-0340206
(State or other jurisdiction of incorporation)	Commission File Number	(I.R.S. Employer Identification number)

1507 Pine Street, Boulder, CO  80302
(Address of principal executive offices)                    (Zip Code)

Registrant's telephone number, including area code:   (303) 449-2100

______________________________________________________

(Former name or former address, if changed since last report)

___	Written communications pursuant to Rule 425 under the Securities Act
___	Soliciting material pursuant to Rule 14a-12 under the Exchange Act
___	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
___	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

ITEM 8.01 OTHER EVENTS

Effective December 28, 2010, Global Casinos, Inc., (the “Company”) entered into an Amendment to Lease Agreement relating to the property located at 129-131 Main Street, Central City, CO and known as Doc Holliday Casino.

A copy of the Amendment is filed as an exhibit herewith.

ITEM 9.01:       EXHIBITS

(c)	Exhibit
Item	Title
10.1	Amendment to Lease Agreement dated December 28, 2010.

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.

	Global Casinos, Inc (Registrant)
Dated: December 29, 2010		_/s/ Clifford L. Neuman___________ Clifford L. Neuman, President

EX-99.1

AMENDMENT TO LEASE AGREEMENT

This Amendment to Lease Agreement is dated this 28 day of December, 2010 (“Effective Date”) by and between 157 Lane LLC, a Colorado limited liability company and Jigsaw Puzzle, LLC, a Colorado limited liability company (collectively “Landlord”) and Doc Holliday Casino II, LLC, a Colorado limited liability company (“Tenant”) relating to a portion of that certain property located at 129-131 Main Street, Central City,  Colorado (“Premises”) and known as Doc Holliday Casino.

1.

Landlord and Tenant, as assignee, are parties to that certain Lease Agreement dated July 15, 2003, as previously amended (“Lease”) covering the Premises;

2.

For the period commencing January 1, 2011 and ending December 31, 2011 (the “2011 Period”), the Lease Agreement is hereby amended as follows:

a.  Tenant and Landlord hereby agree that the 3% cap on year over year increases in expenses to be paid by Tenant under the triple net provisions of the Lease will not apply. This modification shall neither expand nor contract the items of expense for which the Tenant and Landlord are respectively responsible.  To implement this provision, the amount of rent credit, if any, which would otherwise accrue during the 2011 Period shall continue to be calculated; provided, however, that Tenant shall not use the credit during the 2011 Period to reduce the net rent payable to Landlord.

b.   Tenant agrees that the Base Rent to be paid to Landlord for the 2011 Period shall be $200,000, payable at the rate of $16,666.67 per month.

3.

In consideration of the covenants set forth in paragraph 2 above, Tenant and Landlord agree that the digital surveillance system which Tenant installed on the Premises shall be deemed a trade fixture affixed to and part of the Premises and upon termination of the Lease shall be deemed  the sole and separate property of Landlord.

AGREED TO AND ACCEPTED:

LANDLORD:

TENANT:

157 Lane, LLC

Doc Holliday Casino II, LLC

By:  Global Casinos, Inc., its Manager

By:

/s/ Andrew Goltra

Andrew Goltra

By:

/s/ Clifford L. Neuman

Jigsaw Puzzle, LLC

Clifford L. Neuman, its President

By:  /s/ Carolyn S. Goltra

Carolyn S. Goltra