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


                                  April 5, 1996
                                ---------------- 
                                (Date of Report)


                      DEBBIE REYNOLDS HOTEL & CASINO, INC.
              -----------------------------------------------------
             (Exact Name of Registrant as specified in its charter)


                                     Nevada
                  ---------------------------------------------
                 (State or other jurisdiction of incorporation)


       0-18864                                         88-0335924
- ------------------------                 ------------------------------------
(Commission File Number)                  (IRS Employer Identification Number)


              305 Convention Center Drive, Las Vegas, Nevada 89109
          ---------------------------------------------------------- 
          (Address of principal executive offices including zip code)


                                 (702) 734-0711
              --------------------------------------------------- 
              (Registrant's telephone number including area code)



                                       N/A
         ------------------------------------------------------------
         (Former name or former address, if changed since last report)




<PAGE>



Item 5.  Other Events.

     In its most recent filing on Form 10-QSB with the  Securities  and Exchange
Commission  (the  "Commission"),  Debbie  Reynolds  Hotel &  Casino,  Inc.  (the
"Company") reported net losses of $1,460,000 and $3,775,000,  respectively,  for
the  three and nine  months  ended  September  30,  1995 and a  working  capital
deficiency of $2,584,000 as of September 30, 1995.

     During  the  fourth  quarter  of  1995  the  Company   continued  to  incur
substantial losses,  comparable to the prior quarter's losses, and the Company's
financial  condition has continued to deteriorate.  The Company anticipates that
it will report  substantial  losses for the year ended  December  31, 1995 and a
significant  working  capital  deficiency  as of December 31, 1995 in its Annual
Report on Form 10-KSB to be filed with the Commission  (the "1995 Form 10-KSB").
On March 28, 1996 the Company  filed a Form 12b-25  Notification  of Late filing
with the Commission with respect to its 1995 Form 10-KSB (the "Form 12b-25"). In
the Form 12b-25 the Company indicated that it was unable to timely file its 1995
Form 10-KSB with the Commission  because it was unable to engage its accountants
due to its limited funds.  Under the Form 12b-25 the Company had until April 15,
1996 to file its 1995 Form 10-KSB with the Commission. At the time of the filing
of the Form 12b- 25, the Company had arranged for a short-term  loan which would
be used to pay its accountants for accounting  services provided during the 1995
fiscal year which would allow the accountants to begin work on the audit for the
1995  Form  10-KSB.  Since  the  filing  of the  Form  12b-25  the  maker of the
short-term loan decided not to make the loan, and, as a result, the Company will
not be able to  obtain  audited  financial  statements  by April  15,  1996 and,
therefore,  the  Company  will not be able to file its 1995 Form  10-KSB by such
date.  The Company  anticipates  and hopes that it will be able to arrange other
financing in the near future which will enable it to engage its  accountants  to
perform the audit work necessary to complete and file its 1995 Form 10- KSB.

     The  Company  currently  is in  default  in the  payment  of the  following
indebtedness:

     1)  an aggregate of approximately  $160,000 of interest on its outstanding
         Debentures;

     2)  payroll taxes aggregating approximately $425,000;

     3)  equipment and signage leases aggregating approximately $500,000;

     4)  an  aggregate  of  approximately  $250,000  in  premiums  on  its
         health insurance;


                                      -2-


<PAGE>


     5)  an aggregate of approximately $900,000 under the service agreement with
         Raymax Productions, a company wholly-owned by Ms. Reynolds; and

     6)  various other accounts payables aggregating approximately $1,250,000.


     In late  1995  the  Company  filed a  Registration  Statement  on Form  S-8
registering  750,000  shares of  Common  Stock  underlying  stock  options  (the
"Options")  to be issued to Peter D.  Bistrian  Consulting,  Inc.  and Robert C.
Brehm  Consulting,  Inc.  (collectively  the  "Consultants") in consideration of
certain consulting  services to be performed by such entities under two separate
consulting agreements. The Options were exercised by the Consultants through the
issuance  of two  short-term  promissory  notes  payable  to the  Company in the
principal   amounts  of  $364,500  and  $198,000   (collectively  the  "Notes").
Subsequent  to the  issuance of the shares,  the  Consultants  defaulted  on the
payment of the Notes. The Company currently is pursuing its remedies against the
Consultants, their principals and others with respect to these shares.

     The Company has terminated  its Amended and Restated Space Lease  Agreement
dated May 7, 1993 (the "Lease  Agreement") with Debbie's Casino,  Inc. Under the
Lease Agreement Jackpot Enterprises,  Inc.  ("Jackpot"),  through its subsidiary
Debbie's  Casino,  Inc.,  owned and  operated  the casino  located in the Debbie
Reynolds  Hotel & Casino (the  "Hotel").  The Company has  terminated  the Lease
Agreement due to Jackpot's breach of the agreement.  The Company does not have a
gaming license to operate a casino but is in the process of applying for its own
gaming  license  with  the  Nevada  gaming  authorities.  As a  result  of  such
termination,  the Hotel will no longer  have a casino  until  such time,  if and
when, the Company obtains its own gaming  license,  or the Company enters into a
lease agreement with another licensed gaming operator. At this time, the Company
has no  current  plans to enter into  another  such  lease  arrangement  and the
Company is unable to predict, if and when, the Company may obtain its own gaming
license.


                                      -3-





<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.

                                         DEBBIE REYNOLDS HOTEL & CASINO, INC.



Date:  April 5, 1996                    By:/s/ TODD FISHER
                                           ------------------------------------
                                            Todd Fisher,
                                            Chief Executive Officer


                                      -4-








<PAGE>
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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

                                  April 5, 1996
                                ---------------- 
                                (Date of Report)

                      DEBBIE REYNOLDS HOTEL & CASINO, INC.
              -----------------------------------------------------
             (Exact Name of Registrant as specified in its charter)

                                     Nevada
                  ---------------------------------------------
                 (State or other jurisdiction of incorporation)

       0-18864                                         88-0335924
- ------------------------                 ------------------------------------
(Commission File Number)                  (IRS Employer Identification Number)

              305 Convention Center Drive, Las Vegas, Nevada 89109
          ---------------------------------------------------------- 
          (Address of principal executive offices including zip code)

                                 (702) 734-0711
              --------------------------------------------------- 
              (Registrant's telephone number including area code)

                                       N/A
         ------------------------------------------------------------
         (Former name or former address, if changed since last report)
Item 5.  Other Events.

     In its most recent filing on Form 10-QSB with the  Securities  and Exchange
Commission  (the  "Commission"),  Debbie  Reynolds  Hotel &  Casino,  Inc.  (the
"Company") reported net losses of $1,460,000 and $3,775,000,  respectively,  for
the  three and nine  months  ended  September  30,  1995 and a  working  capital
deficiency of $2,584,000 as of September 30, 1995.

     During  the  fourth  quarter  of  1995  the  Company   continued  to  incur
substantial losses,  comparable to the prior quarter's losses, and the Company's
financial  condition has continued to deteriorate.  The Company anticipates that
it will report  substantial  losses for the year ended  December  31, 1995 and a
significant  working  capital  deficiency  as of December 31, 1995 in its Annual
Report on Form 10-KSB to be filed with the Commission  (the "1995 Form 10-KSB").
On March 28, 1996 the Company  filed a Form 12b-25  Notification  of Late filing
with the Commission with respect to its 1995 Form 10-KSB (the "Form 12b-25"). In
the Form 12b-25 the Company indicated that it was unable to timely file its 1995
Form 10-KSB with the Commission  because it was unable to engage its accountants
due to its limited funds.  Under the Form 12b-25 the Company had until April 15,
1996 to file its 1995 Form 10-KSB with the Commission. At the time of the filing
of the Form 12b- 25, the Company had arranged for a short-term  loan which would
be used to pay its accountants for accounting  services provided during the 1995
fiscal year which would allow the accountants to begin work on the audit for the
1995  Form  10-KSB.  Since  the  filing  of the  Form  12b-25  the  maker of the
short-term loan decided not to make the loan, and, as a result, the Company will
not be able to  obtain  audited  financial  statements  by April  15,  1996 and,
therefore,  the  Company  will not be able to file its 1995 Form  10-KSB by such
date.  The Company  anticipates  and hopes that it will be able to arrange other
financing in the near future which will enable it to engage its  accountants  to
perform the audit work necessary to complete and file its 1995 Form 10- KSB.

     The  Company  currently  is in  default  in the  payment  of the  following
indebtedness:

     1)  an aggregate of approximately  $160,000 of interest on its outstanding
         Debentures;

     2)  payroll taxes aggregating approximately $425,000;

     3)  equipment and signage leases aggregating approximately $500,000;

     4)  an  aggregate  of  approximately  $250,000  in  premiums  on  its
         health insurance;

                                      -2-
5)  an aggregate of approximately $900,000 under the service agreement with
         Raymax Productions, a company wholly-owned by Ms. Reynolds; and

     6)  various other accounts payables aggregating approximately $1,250,000.

     In late  1995  the  Company  filed a  Registration  Statement  on Form  S-8
registering  750,000  shares of  Common  Stock  underlying  stock  options  (the
"Options")  to be issued to Peter D.  Bistrian  Consulting,  Inc.  and Robert C.
Brehm  Consulting,  Inc.  (collectively  the  "Consultants") in consideration of
certain consulting  services to be performed by such entities under two separate
consulting agreements. The Options were exercised by the Consultants through the
issuance  of two  short-term  promissory  notes  payable  to the  Company in the
principal   amounts  of  $364,500  and  $198,000   (collectively  the  "Notes").
Subsequent  to the  issuance of the shares,  the  Consultants  defaulted  on the
payment of the Notes. The Company currently is pursuing its remedies against the
Consultants, their principals and others with respect to these shares.

     The Company has terminated  its Amended and Restated Space Lease  Agreement
dated May 7, 1993 (the "Lease  Agreement") with Debbie's Casino,  Inc. Under the
Lease Agreement Jackpot Enterprises,  Inc.  ("Jackpot"),  through its subsidiary
Debbie's  Casino,  Inc.,  owned and  operated  the casino  located in the Debbie
Reynolds  Hotel & Casino (the  "Hotel").  The Company has  terminated  the Lease
Agreement due to Jackpot's breach of the agreement.  The Company does not have a
gaming license to operate a casino but is in the process of applying for its own
gaming  license  with  the  Nevada  gaming  authorities.  As a  result  of  such
termination,  the Hotel will no longer  have a casino  until  such time,  if and
when, the Company obtains its own gaming  license,  or the Company enters into a
lease agreement with another licensed gaming operator. At this time, the Company
has no  current  plans to enter into  another  such  lease  arrangement  and the
Company is unable to predict, if and when, the Company may obtain its own gaming
license.

                                      -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, thereunto duly authorized.

                                         DEBBIE REYNOLDS HOTEL & CASINO, INC.

Date:  April 5, 1996                    By:/s/ TODD FISHER
                                           ------------------------------------
                                            Todd Fisher,
                                            Chief Executive Officer

                                      -4-