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): August 11, 2011
GLOBAL CASINOS, INC.
(Exact Name of Registrant as Specified in its Charter)
Utah | 0-15415 | 87-0340206 |
(State or other jurisdiction | Commission File | (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 7.01 REGULATION FD DISCLOSURE
On August 11, 2011, the Company issued a press release announcing that it is engaged in active discussions with an investor group to explore strategic initiatives and opportunities. A copy of the press release is attached hereto.
ITEM 9.01: FINANCIAL STATEMENTS AND EXHIBITS
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| 99.1 | Press Release dated August 11, 2011. |
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.
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| Global Casinos, Inc. | |
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| Dated: August 11, 2011 |
| /s/ Clifford L. Neuman |
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FOR IMMEDIATE RELEASE:
OTCBB - GBCS
Global Casinos Announces Strategic Discussions
BOULDER, CO. August 10, 2011 Global Casinos, Inc., a Utah corporation (OTCBB: GBCS) (the Company) today announced that it is engaged in active discussions with an investor group to explore strategic initiatives and opportunities. The objective of those discussions is to define and implement a new direction for the Company. There currently exist no agreements or commitments concerning any possible transaction.
About Global Casinos, Inc.
Global Casinos, Inc. owns and operates the Bull Durham Saloon and Casino and Doc Holliday Casino, located in Colorados limited stakes gaming districts of Black Hawk and Central City, respectively.
Safe Harbor Statement
Certain statements in this news release that are not historical facts are forward-looking statements, such as statements relating to anticipated enhancements in the Companys financial performance, and future development or expansion activities. Such forward-looking statements involve a number of risks and uncertainties that may significantly affect performance and financial results in the future and, accordingly, actual results may differ materially from those expressed in any forward-looking statements. Such risks and uncertainties include, but are not limited to, those related to effects of competition, leverage and debt service financing and refinancing efforts, general economic conditions, changes in gaming laws or regulations (including the legalization of gaming in various jurisdictions), risks related to development and construction activities, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended June 30, 2010.
CONTACT:
Clifford L. Neuman
President and CEO
Global Casinos, Inc.
303-449-2100