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): May 13, 1999



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



DELAWARE                         0-193220                    81-0470853 
(State or other                  (Commission                 (IRS Employer
jurisdiction                     File Number)                Identification No.)
of incorporation)


            115 Perimeter Center Place, Suite 911, Atlanta, GA 30346
              (Address of principal executive offices and zip code)



                                 (770) 481-1800
              (Registrant's telephone number, including area code)



                                 NOT APPLICABLE
          (Former name or former address, if changed since last report)

                                       1

<PAGE>


ITEM 5.   OTHER EVENTS
          ------------

     On May 13, 1999,  Powerhouse  Technologies,  Inc. (the "Company") announced
that it had entered into an agreement with Anchor Gaming ("Anchor")  pursuant to
which the Company consented to the purchase by Anchor or its affiliates of up to
5% of the Company's outstanding shares of common stock prior to the consummation
of the previously  announced  merger  transaction by and between the Company and
Anchor.  Anchor agreed to vote any such shares that it acquires  consistent with
the  recommendation  of the Company's  board of directors,  and if Anchor Gaming
beneficially  owns any shares of common stock of Powerhouse  Technologies,  Inc.
acquired  under  the  terms  of this  letter  agreement  at the  time  that  any
transaction  involving a Superior Proposal (as defined in the Agreement and Plan
of Merger) is  consummated,  then Anchor Gaming agrees to dispose of such shares
at the closing of such  transaction  as recommended by the Board of Directors of
Powerhouse Technologies, Inc.

     Copies of the letter  agreement and the press release issued by the Company
relating  thereto have been filed as exhibits to this Current Report on Form 8-K
and are incorporated herein by reference.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.
         ----------------------------------


       (c)  EXHIBITS

               99.1      Letter agreement dated as of May 7, 1999 among 
                         Anchor Gaming and Powerhouse Technologies, Inc.


               99.2      Press Release of the Company dated May 13, 1999

                                       2

<PAGE>

                                   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.


                                                POWERHOUSE TECHNOLOGIES, INC.


                                                By:/s/ Richard M.Haddrill   
                                                   ----------------------   
                                                   Name: Richard M. Haddrill
                                                   Title: President and Chief
                                                          Executive Officer


Dated:  May 13, 1999


                                       3
<PAGE>


                                  EXHIBIT INDEX


EXHIBIT NO.     DESCRIPTION                                             PAGE NO.
-----------     -----------                                             --------

99.1            Letter  agreement  dated as of May 7, 1999 among
                Anchor  Gaming and  Powerhouse Technologies, Inc.          5


99.2            Press Release of the Company dated May 13, 1999            7


                                       4
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 4090}]
{"company-data": {"conformed-name": "POWERHOUSE 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": "99620241"}, "business-address": {"street1": "115 PERIMETER CENTER PL", "street2": "SUITE 911", "city": "ATLANTA", "state": "GA", "zip": "30346", "phone": "7704811800"}, "mail-address": {"street1": "115 PERIMETER CENTER PL", "street2": "SUITE 911", "city": "ATLANTA", "state": "GA", "zip": "30346"}, "former-company": {"former-conformed-name": "VIDEO LOTTERY TECHNOLOGIES INC/DE", "date-changed": "19930328"}}
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): May 13, 1999

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

DELAWARE                         0-193220                    81-0470853 
(State or other                  (Commission                 (IRS Employer
jurisdiction                     File Number)                Identification No.)
of incorporation)

            115 Perimeter Center Place, Suite 911, Atlanta, GA 30346
              (Address of principal executive offices and zip code)

                                 (770) 481-1800
              (Registrant's telephone number, including area code)

                                 NOT APPLICABLE
          (Former name or former address, if changed since last report)

                                       1
ITEM 5.   OTHER EVENTS
          ------------

     On May 13, 1999,  Powerhouse  Technologies,  Inc. (the "Company") announced
that it had entered into an agreement with Anchor Gaming ("Anchor")  pursuant to
which the Company consented to the purchase by Anchor or its affiliates of up to
5% of the Company's outstanding shares of common stock prior to the consummation
of the previously  announced  merger  transaction by and between the Company and
Anchor.  Anchor agreed to vote any such shares that it acquires  consistent with
the  recommendation  of the Company's  board of directors,  and if Anchor Gaming
beneficially  owns any shares of common stock of Powerhouse  Technologies,  Inc.
acquired  under  the  terms  of this  letter  agreement  at the  time  that  any
transaction  involving a Superior Proposal (as defined in the Agreement and Plan
of Merger) is  consummated,  then Anchor Gaming agrees to dispose of such shares
at the closing of such  transaction  as recommended by the Board of Directors of
Powerhouse Technologies, Inc.

     Copies of the letter  agreement and the press release issued by the Company
relating  thereto have been filed as exhibits to this Current Report on Form 8-K
and are incorporated herein by reference.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.
         ----------------------------------

       (c)  EXHIBITS

               99.1      Letter agreement dated as of May 7, 1999 among 
                         Anchor Gaming and Powerhouse Technologies, Inc.

               99.2      Press Release of the Company dated May 13, 1999

                                       2
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.

                                                POWERHOUSE TECHNOLOGIES, INC.

                                                By:/s/ Richard M.Haddrill   
                                                   ----------------------   
                                                   Name: Richard M. Haddrill
                                                   Title: President and Chief
                                                          Executive Officer

Dated:  May 13, 1999

                                       3
EXHIBIT INDEX

EXHIBIT NO.     DESCRIPTION                                             PAGE NO.
-----------     -----------                                             --------

99.1            Letter  agreement  dated as of May 7, 1999 among
                Anchor  Gaming and  Powerhouse Technologies, Inc.          5

99.2            Press Release of the Company dated May 13, 1999            7

                                       4