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): ~~October~~July 3023, ~~2009~~2010

INN OF THE MOUNTAIN GODS RESORT AND CASINO

(Exact Name of Registrant as Specified in Charter)

Not Applicable (State or ~~Other~~other ~~Jurisdiction~~jurisdiction of ~~Incorporation~~incorporation) 333-113140 (Commission File Number) 75-3158926 (IRS Employer Identification No.)

287 Carrizo Canyon Road Mescalero, New Mexico (Address of ~~Principal~~principal ~~Executive~~executive ~~Offices~~offices) 88340 (Zip Code)

Registrant’s telephone number, including area code: (575) 464-7000

Not Applicable (Former ~~Name~~name or ~~Former~~former ~~Address~~address, if ~~Changed~~changed ~~Since~~since ~~Last~~last ~~Report~~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))

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))

TABLE OF CONTENTS

~~Item~~ITEM 75.0102 ~~Regulation~~— FDDEPARTURE ~~Disclosure~~OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. SIGNATURES

Item 75.~~01 Regulation~~02 FDDeparture ~~Disclosure~~of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As On ~~part~~July 23, of2010, ~~discussions by~~ the Inn of the Mountain Gods Resort and Casino (the “Company”) ~~with~~terminated, ~~certain~~effective immediately, the employment of ~~its~~Elizabeth ~~creditors~~Foster-Anderson ~~relating~~as toChief aOperating ~~restructuring~~Officer of the ~~its~~Company. ~~indebtedness~~In addition, onthe ~~July~~Company removed Ms. ~~20,~~Foster-Anderson ~~2009,~~as a member of the Management ~~Company~~Board. ~~provided~~There onwas ano ~~confidential~~disagreement ~~basis~~between Ms. Foster-Anderson and the ~~financial~~Company ~~information~~which ~~set~~led ~~forth~~to ~~below~~her termination.

~~Fiscal~~ On ~~Year~~July 29, 2010, ~~Projections~~the Company entered into an employment agreement with Scott Eldredge to serve as the Company’s Chief Operating Officer and as a member of the Management Board. Mr. Eldredge is expected to start no later than August 6, 2010. Mr. Eldredge will receive an annual salary of $257,500 for the duration of his appointment, subject to annual review.

As From April ~~stated~~2005 ~~above,~~to onMarch ~~July 20~~2010, ~~2009,~~Mr. Eldredge worked for the ~~Company~~Santa ~~provided~~Ana onStar aCasino, ~~confidential~~first ~~basis~~as tothe ~~certain~~Director of ~~its~~ ~~creditors~~Marketing ~~the~~and ~~projections~~Transportation ~~for~~and later as the ~~Company’s~~General ~~fiscal~~Manager. ~~year~~As ~~ending~~General ~~April 30~~Manager, ~~2010~~he ~~(“FY~~managed ~~2010”) set forth~~a ~~below.~~team ~~The~~of ~~projections~~800 ~~have~~employees ~~not~~and ~~been~~oversaw ~~updated~~the ~~since~~business ~~that~~strategy ~~date~~for ~~and~~ the ~~Company~~property. isFrom ~~not~~March 2010 ~~under any~~until ~~obligation~~his toappointment dowith ~~so. Neither~~ the Company, ~~nor~~Mr. Eldredge ~~any~~worked ~~other~~as ~~person~~Corporate ~~makes~~Vice ~~any~~President ~~representation~~of ~~with~~Marketing for ~~respect~~Cherokee toNation ~~the projections~~Entertainment, ~~including~~where ~~without~~he ~~limitation,~~developed asand toimplemented ~~whether~~their ~~the~~marketing ~~projections~~strategy. ~~constitute~~Mr. Eldredge has completed the ~~Company’s~~Casino ~~current~~Management ~~expectations~~Association ~~with~~certification ~~respect~~program toand FYthe ~~2010.~~Maloof Hotels ~~The~~management ~~projections~~trainee ~~are~~program. ~~qualified~~He ingraduated ~~their entirety~~from byNew ~~the~~Mexico ~~information~~Highlands ~~set~~University ~~forth~~with ina Bachelor ~~our~~of ~~filings~~Arts ~~with~~degree ~~the~~in ~~Securities~~business ~~and~~administration ~~Exchange~~in ~~Commission~~1991.

The projections are forward-looking statements and were prepared by the Company based on a number of assumptions and estimates that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of such are beyond the Company’s control. The Company’s actual results for FY 2010 will differ from the projections and the differences may be material.

The projections were not prepared in a manner that complies with the published guidelines of the American Institute of Certified Public Accountants, any other regulatory or professional agency or body or generally accepted accounting principles. Neither the Company nor any other person assumes any responsibility for the accuracy of the projections or is providing any opinion or other assurance with respect thereto.

Inn of the Mountain Gods Resort and Casino — FY 2010 Projected

	PROJECTED
	TOTAL FY
	2010
	(in thousands)
Revenues
Total Gaming		86,546
Hotel		13,178
F&B		13,300
Recreation and Other		14,828
GROSS REVENUE		127,852
Operating Expenses		92,352
EBITDA		35,500
MARGIN		27.8	%

Inn of the Mountain Gods Resort and Casino — FY 2010 Projections by Quarter

	August 2009 –			November 2009			February 2010 –
	October 2009			– January 2010			April 2010
	Q2 FY 2010			Q3 FY 2010			Q4 FY 2010			Total FY 2010
	(in thousands)
Revenues
Total Gaming		23,405			18,876			19,961			86,546
Hotel		3,587			2,861			2,411			13,178
F&B		3,800			2,800			2,800			13,300
Recreation and Other		4,098			4,681			3,155			14,828
GROSS REVENUE		34,890			29,218			28,326			127,853
Total Operating Expenses		25,320			22,172			20,335			92,352
Depreciation		3,150			3,150			3,150			12,600
NET INCOME		6,419			3,896			4,841			22,901
EBITDA		9,569			7,046			7,991			35,501
MARGIN		27.4	%		24.1	%		28.2	%		27.8	%

Inn of the Mountain Gods Resort and Casino Projected Statement of Cash Flows FY 2010

	QTR 1			QTR 2			QTR 3			QTR 4			Total
						(in thousands)
Operating Income		7,745			6,419			3,896			4,840			22,900
Interest Expense (excluding Bond)		(605	)		(605	)		(605	)		(605	)		(2,420	)
Management Fee		(180	)		(180	)		(201	)		(180	)		(741	)
Cash flows from operating activities:
Net (loss) income	$	6,960		$	5,634		$	3,090		$	4,055		$	19,739
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization		3,150			3,150			3,150			3,150			12,600
Net cash provided by operating activities		10,110			8,784			6,240			7,205			32,339
Cash flows from investing activities:
Purchase of property, plant and equipment		(625	)		(625	)		(625	)		(625	)		(2,500	)
Net cash used in investing activities		(625	)		(625	)		(625	)		(625	)		(2,500	)
Cash flows from financing activities:
Borrowing		—			—			—			—			—
Repayment (BIA Loan & Key Lease Pmt)		(1,071	)		(1,071	)		(1,071	)		(1,071	)		(4,284	)
Distributions to Mescalero Apache Tribe		(8,000	)		—			—			—			(8,000	)
Net cash used in financing activities		(9,071	)		(1,071	)		(1,071	)		(1,071	)		(12,284	)
Net decrease in cash and cash equivalents		414			7,088			4,544			5,509			17,555
Cash and cash equivalents, beginning of period		7,557			7,971			15,059			19,603			7,557
Cash and cash equivalents, end of period	$	7,971		$	15,059		$	19,603		$	25,112		$	25,112

Estimated Financial Information for August and September 2009

The Company has not finalized its financial results for any period following July 31, 2009. As a result, the financial information for August and September 2009 presented below is based on estimates which are preliminary in nature. The information presented below is unaudited and, for August and September 2009, subject to adjustment based upon, among other things, the finalization of the Company’s quarter-end closing and reporting processes. Such adjustments may be material. This information is not necessarily indicative of the Company’s operating results for a full year or any future period. The financial information for August and September 2009 presented below was prepared by the Company and is based on a number of assumptions and estimates that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of such are beyond the Company’s control. The Company’s actual results for the relevant periods following July 31, 2009 will differ from the financial information presented below and the differences may be material.

Inn of the Mountain Gods Resort and Casino – August and September 2009/2008

	August 2009			August 2008			September 2009			September 2008
				(in thousands)
Total Gaming Revenue		8,411			8,903			7,737			7,123
Hotel		1,300			1,473			1,051			1,102
F&B		1,281			1,501			1,158			1,206
Recreation and Other		1,213			1,466			1,396			2,465
GROSS REVENUE		12,206			13,342			11,341			11,896
Total Operating Expenses		7,657			9,832			7,797			9,480
EBITDA		4,549			3,510			3,544			2,416
MARGIN		37.3	%		26.3	%		31.2	%		20.3	%

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 hereunto duly authorized.

	INN OF THE MOUNTAIN GODS RESORT AND CASINO
Dated: November 1, 2009	By:	/s/ Liz Foster Anderson
		Liz Foster Anderson
		Chief Operating Officer (Principal Executive Officer)


	INN OF THE MOUNTAIN GODS RESORT AND CASINO
	By:	/s/ Mark R. Chino
		Mark R. Chino
		President, Chairman and Chief Executive Officer

Date: August 2, 2010

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