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): ~~July~~September 1522, 2009

Black Gaming, LLC
(Exact name of registrant as specified in its charter)


Nevada	333-123179	20-8160036
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)


10777 W Twain Ave, Las Vegas, Nevada		89135
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (702) 318-6888

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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

SECTION 8 – OTHER EVENTS

Item 8.01

Other Events.

AsOn ~~previously disclosed, due to, among other things, the failure to make the required semi-annual interest payment on January~~September 1522, 2009 ~~due under its $125 million 9.0% Senior Secured Notes due 2012 (the “Senior Notes”)~~, Black Gaming, LLC (~~“Black Gaming” and~~ together with its direct and indirect wholly-owned subsidiaries, the “Company”) isreceived ina ~~default under~~Notice ~~the~~of ~~Senior~~Default, ~~Notes~~Imposition of Default Rate of Interest, and ~~the~~Reservation ~~Company’s~~of ~~Credit~~Rights ~~Agreement~~letter ~~with~~(the “Notice”) from Wells Fargo Foothill, Inc. with respect to that certain credit agreement, dated as of December 20, 2004, as amended (the “Credit Agreement”)., ~~The~~by ~~Company~~and ~~also~~among ~~failed~~the tolenders ~~make~~identified on the ~~scheduled~~signature ~~semi-annual~~pages thereof ~~interest payment~~(the ~~due~~“Lenders”), ~~July~~Wells Fargo Foothill, 15Inc. (together with the Lenders, ~~2009~~the ~~under~~“Lender Group”), as the ~~Senior~~arranger ~~Notes~~and administrative agent for the Lenders, and the Company.

~~Pursuant~~The toNotice ~~the~~states ~~subordination~~that ~~provisions~~events of default exist under the ~~indenture~~Credit ~~governing~~Agreement as a result of the Company’s ~~$66 million~~failure ~~aggregate principal~~to ~~amount~~achieve ofEBITDA ~~12.75%~~in ~~Senior~~the ~~Subordinated~~amounts ~~Discount~~required ~~Notes~~by ~~due 2013 (~~the ~~“Subordinated~~Credit ~~Notes”)~~Agreement, the Company’s isfailure ~~prohibited~~to ~~from making~~pay the ~~$4,207,500~~Overadvance ~~semi-annual~~(as defined ~~interest~~in ~~payment~~the onCredit ~~the~~Agreement) ~~Subordinated~~amount ~~Notes~~existing ~~due~~on ~~July~~September 1530, ~~2009~~2008, ~~until~~ the ~~payment default~~Company’s ~~under~~failure ~~the~~to ~~Senior~~comply ~~Notes~~with ~~has~~certain representations ~~been~~and ~~cured~~warranties orin ~~waived. If~~the Credit Agreement, the ~~scheduled~~Company’s ~~interest~~suspension ~~payment~~of onoperations ~~the~~at ~~Subordinated~~its ~~Notes~~Oasis Resort and isCasino, ~~not~~the ~~made~~Company’s ~~within~~failure ~~30 days~~to ofmake the scheduled ~~payment~~interest ~~date,~~payments andue ~~event~~on ofJanuary 15, ~~default~~2009 ~~will~~and ~~occur~~July 15, ~~under~~2009 under the ~~indenture~~Company’s ~~governing the~~9.0% ~~Subordinated~~Senior Secured Notes, ~~and~~ the ~~aggregate~~Company’s ~~principal~~failure ~~amount~~to ofmake the ~~Subordinated~~scheduled ~~Notes, plus the unpaid~~ interest payment ~~and~~ ~~any other amounts~~ due ~~and~~on ~~owing~~July 15, 2009 onunder the ~~Subordinated~~Company’s ~~Notes~~12 ~~could~~3/4% beSenior ~~declared~~Subordinated ~~immediately~~Notes, ~~due~~ and ~~payable by~~ the ~~trustee~~ orCompany’s byfailure ~~holders~~to ofobtain ~~25%~~control oragreements ~~more~~for deposit ofaccounts ~~the~~established ~~aggregate~~and ~~principal~~maintained ~~amount~~by of the ~~Subordinated Notes~~Company.

The ~~failure~~Notice further states that as a result of the events of default, the Lender Group has elected to ~~make~~increase the applicable ~~semi-annual~~rate of interest ~~payment~~ under the ~~Subordinated~~Credit ~~Notes~~Agreement ~~within~~to the ~~30-day~~default ~~grace~~rate, ~~period would~~which ~~constitute~~is an2% ~~additional~~above ~~event~~the ofper ~~default~~annum rate otherwise applicable under the Credit Agreement, retroactive to November 19, 2008. The ~~acceleration~~retroactive ofdefault interest amounts to approximately $240,000 through September 21, 2009. The Notice further states that the ~~Company’s~~Lender Group is under ~~obligations~~no further obligation to extend further credit under the ~~Subordinated~~Credit ~~Notes~~Agreement, ~~would~~is ~~constitute~~continuing anto ~~additional~~evaluate ~~event~~its response to the events of default, and reserved all of its rights and remedies under the ~~Senior~~Credit ~~Notes~~Agreement. At this time, the Lender Group has not elected to accelerate the indebtedness under the Credit Agreement.

2As reported in the Company’s Form 10-Q filed on August 14, 2009, the Credit Agreement is substantially fully drawn, with approximately $14.8 million outstanding, and the Company and Wells Fargo Foothill, Inc. have been in discussions regarding the effects of the events of default under the Credit Agreement.

~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to~~SIGNATURES ~~be signed on its behalf by the undersigned hereunto duly authorized.~~

	Black Gaming, LLC
Date: July 16, 2009	By:	/s/ Sean P. McKay
		Sean P. McKay
	Its:	Chief Accounting Officer

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 hereunto duly authorized.


	Black Gaming, LLC


Date: September 28, 2009	By:	/s/ Sean P. McKay

		Sean P. McKay
	Its:	Chief Accounting Officer

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