SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K



                Current Report Pursuant to Section 13 or 15(d) of
                           The Securities Act of 1934





       Date of Report (Date of earliest event reported): December 22, 1997


                          Powerhouse Technologies, Inc.
             (Exact name of registrant as specified in its charter)



 Delaware                          0-19322                  81-0470853
 (State or other                   (Commission              (I.R.S. Employer
jurisdiction                       File Number)             Identification No.)
of incorporation)



                     2311 So. 7th Avenue, Bozeman, MT 59715
              (Address of principal executive offices and zip code)


                                 (406) 585-6600
              (Registrant's telephone number, including area code)


                         Video Lottery Technologies, Inc.
                           (Former name of registrant)


                                                                          Page 1

<PAGE>



Item 5.    Other Events
           ------------

On December  22,  1997,  the Company  announced  that it will change its name to
Powerhouse Technologies,  Inc. (Nasdaq National Market: PWRH), effective January
1, 1998. The Company's press release is attached as Exhibit 99.1 hereto.

Item 7.    Financial Statements and Exhibits
           ---------------------------------

   (c)  Exhibits.

          Exhibit 3.(i)    Certificate of Amendment to Certificate of
                           Incorporation filed with the State of Delaware
                           Secretary of State on December 22, 1997.

          Exhibit 99.1     The Company's Press Release dated December 22,1997.

                                                                          Page 2

<PAGE>




                                   SIGNATURES

         Pursuant  to the  requirements  of the  Securities  Act  of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                    VIDEO LOTTERY TECHNOLOGIES, INC.



Date:  December 31, 1997            /s/ Janet M. Bjork
                                    --------------------
                                    Janet M. Bjork
                                    Assistant Secretary
                                    (Authorized to sign on behalf of Registrant)




                                                                          Page 3

<PAGE>



                                  EXHIBIT INDEX


Exhibit                                                                  Page
Number     Description                                                   Number
------     -----------                                                   ------


3.(i)      Certificate of Amendment to Certificate of Incorporation        5

99.1       Press Release dated December 22, 1997                           6






                                                                          Page 4
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{"company-data": {"conformed-name": "VIDEO LOTTERY TECHNOLOGIES INC/DE", "cik": "0000875459", "assigned-sic": "3578", "irs-number": "810470853", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-19322", "film-number": "97747768"}, "business-address": {"street1": "2311 SOUTH 7TH AVENUE", "city": "BOZEMAN", "state": "MT", "zip": "59715", "phone": "4065856600"}, "mail-address": {"street1": "2311 SOUTH 7TH AVENUE", "city": "BOZEMAN", "state": "MT", "zip": "59715"}}
SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                Current Report Pursuant to Section 13 or 15(d) of
                           The Securities Act of 1934

       Date of Report (Date of earliest event reported): December 22, 1997

                          Powerhouse Technologies, Inc.
             (Exact name of registrant as specified in its charter)

 Delaware                          0-19322                  81-0470853
 (State or other                   (Commission              (I.R.S. Employer
jurisdiction                       File Number)             Identification No.)
of incorporation)

                     2311 So. 7th Avenue, Bozeman, MT 59715
              (Address of principal executive offices and zip code)

                                 (406) 585-6600
              (Registrant's telephone number, including area code)

                         Video Lottery Technologies, Inc.
                           (Former name of registrant)

                                                                          Page 1
Item 5.    Other Events
           ------------

On December  22,  1997,  the Company  announced  that it will change its name to
Powerhouse Technologies,  Inc. (Nasdaq National Market: PWRH), effective January
1, 1998. The Company's press release is attached as Exhibit 99.1 hereto.

Item 7.    Financial Statements and Exhibits
           ---------------------------------

   (c)  Exhibits.

          Exhibit 3.(i)    Certificate of Amendment to Certificate of
                           Incorporation filed with the State of Delaware
                           Secretary of State on December 22, 1997.

          Exhibit 99.1     The Company's Press Release dated December 22,1997.

                                                                          Page 2
SIGNATURES

         Pursuant  to the  requirements  of the  Securities  Act  of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                    VIDEO LOTTERY TECHNOLOGIES, INC.

Date:  December 31, 1997            /s/ Janet M. Bjork
                                    --------------------
                                    Janet M. Bjork
                                    Assistant Secretary
                                    (Authorized to sign on behalf of Registrant)

                                                                          Page 3
EXHIBIT INDEX

Exhibit                                                                  Page
Number     Description                                                   Number
------     -----------                                                   ------

3.(i)      Certificate of Amendment to Certificate of Incorporation        5

99.1       Press Release dated December 22, 1997                           6

                                                                          Page 4