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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 OR 15(d) of The Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): September 17, 2008</B>


<P style="font-size: 24pt" align="center"><B>Black Gaming, LLC<BR>
</B><FONT
style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Nevada</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>333-123179</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>20-8160036</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>10777 W Twain Ave, Las Vegas,
Nevada<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>89135</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(702) 318-6888</B>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="30%" border="0">

 <TR>
  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">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:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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style="margin-top: 10pt; font-size: 1pt; width: 100%; border-bottom: black 1pt solid">&nbsp;</DIV>
<DIV
style="font-size: 1pt; width: 100%; border-bottom: black 2pt solid">&nbsp;</DIV>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">1
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV
style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="left"><B>SECTION 1 &#8211; REGISTRANT&#8217;S
BUSINESS AND OPERATIONS</B>

<P style="font-size: 10pt" align="left"><B>Item&nbsp;1.01 Entry into a Material
Definitive Agreement.</B>

<P style="font-size: 10pt; text-indent: 4%" align="left">On September&nbsp;17,
2008, Black Gaming, LLC&#8217;s direct and indirect wholly owned subsidiaries,
Virgin River Casino Corporation, RBG, LLC, B &amp; B B, Inc., Casablanca
Resorts, LLC, Oasis Interval Ownership, LLC, Oasis Interval Management, LLC,
and Oasis Recreational Properties, LLC (collectively, the
&#8220;Company&#8221;) entered into a Letter Agreement (the &#8220;Letter
Agreement&#8221;) with Wells Fargo Foothill, Inc. (&#8220;Wells Fargo&#8221;).
The Letter Agreement revises the Environmental Reserve and the Lien Reserve, as
those terms are defined in the Credit Agreement dated December&nbsp;20, 2004,
as amended (the &#8220;Credit Agreement&#8221;), by and between the Company and
Wells Fargo. &nbsp;

<P style="font-size: 10pt; text-indent: 4%" align="left">Pursuant to
Section&nbsp;2.1(b) of the Credit Agreement, Wells Fargo, as agent, has the
right to establish certain reserves in such amounts, and with respect to such
matters, as Wells Fargo in its Permitted Discretion, as defined in the Credit
Agreement, shall deem necessary or appropriate, against the Borrowing Base, as
defined in the Credit Agreement, including the Environmental Reserve and the
Lien Reserve. Pursuant to the Letter Agreement, Wells Fargo reduced the
Environmental Reserve from $750,000 to $0 and reduced the Lien Reserve from
$1,250,000 to $250,000, each effective as of July&nbsp;31, 2008.

<P style="font-size: 10pt; text-indent: 4%" align="left">The foregoing summary
of the Letter Agreement is qualified in its entirety by reference to the
complete text of the Letter Agreement, a copy of which is attached hereto as
Exhibit&nbsp;10.1 and is incorporated herein by reference.

<P style="font-size: 10pt" align="left"><B>SECTION 9 &#8212; FINANCIAL
STATEMENTS AND EXHIBITS</B>

<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD nowrap align="left" width="3%"><B>Item&nbsp;9.01</B></TD>
  <TD width="1%">&nbsp;</TD>
  <TD><B>&#8211; Financial Statements and Exhibits.</B></TD>
 </TR>

</TABLE>


<P style="font-size: 10pt; margin-left: 4%" align="left">(d)&nbsp;Exhibits.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
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 <TR valign="bottom">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD style="border-bottom: #000000 1px solid" nowrap
align="left"><B>Exhibit</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" nowrap
align="center"><B>Name</B></TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">Exhibit&nbsp;10.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Letter Agreement dated September&nbsp;17, 2008,
by and among the Company and Wells Fargo.</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>


<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
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style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="font-size: 10pt; text-indent: 4%" align="left">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.
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="45%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="3%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="42%">&nbsp;</TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left" colspan="3"><FONT
style="font-variant: small-caps"><B>Black Gaming, LLC</B></FONT></TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left" colspan="3">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left" colspan="3">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">Date: September&nbsp;22, 2008</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left" colspan="3">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">By: </TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">/s/ Sean P. McKay</TD>
 </TR>
 <TR style="font-size: 1px">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD style="border-top: #000000 1px solid" valign="top"
align="left">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Sean P. McKay</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Its: </TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Chief Accounting Officer</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>


<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">3
</DIV>



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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV
style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="center"><B>EXHIBIT INDEX</B>



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD style="border-bottom: #000000 1px solid" nowrap
align="left"><B>Exhibit<BR>Number</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" nowrap
align="center"><B>Description</B></TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">Exhibit&nbsp;10.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Letter Agreement dated September&nbsp;17, 2008,
by and among the Company and Wells Fargo.</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>


<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">4
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[{"company-data": {"conformed-name": "BLACK GAMING, LLC", "cik": "0001319842", "assigned-sic": "6510", "irs-number": "208160036", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-123179", "film-number": "081082194"}, "business-address": {"street1": "10777 W TWAIN AVE", "street2": "THIRD FLOOR", "city": "LAS VEGAS", "state": "NV", "zip": "89135", "phone": "702-346-4040"}, "mail-address": {"street1": "10777 W TWAIN AVE", "street2": "THIRD FLOOR", "city": "LAS VEGAS", "state": "NV", "zip": "89135"}, "former-company": [{"former-conformed-name": "BLACK GAMING LLC", "date-changed": "20070104"}, {"former-conformed-name": "Virgin River Casino CORP", "date-changed": "20050304"}]}, {"company-data": {"conformed-name": "RBG, LLC", "cik": "0001319845", "assigned-sic": "7990", "irs-number": "860860535", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-123179-05", "film-number": "081082195"}, "business-address": {"street1": "950 WEST MESQUITE BLVD.", "city": "MESQUITE", "state": "NV", "zip": "89027", "phone": "702-346-4040"}, "mail-address": {"street1": "950 WEST MESQUITE BLVD.", "city": "MESQUITE", "state": "NV", "zip": "89027"}}, {"company-data": {"conformed-name": "B & B B, Inc.", "cik": "0001319855", "assigned-sic": "7990", "irs-number": "880254007", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-123179-04", "film-number": "081082196"}, "business-address": {"street1": "950 WEST MESQUITE BLVD.", "city": "MESQUITE", "state": "NV", "zip": "89027", "phone": "702-346-4040"}, "mail-address": {"street1": "950 WEST MESQUITE BLVD.", "city": "MESQUITE", "state": "NV", "zip": "89027"}}]
Filed by Bowne Pure Compliance
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): September 17, 2008
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 1 – REGISTRANT'S
BUSINESS AND OPERATIONS
Item 1.01 Entry into a Material
Definitive Agreement.
On September 17,
2008, Black Gaming, LLC's direct and indirect wholly owned subsidiaries,
Virgin River Casino Corporation, RBG, LLC, B & B B, Inc., Casablanca
Resorts, LLC, Oasis Interval Ownership, LLC, Oasis Interval Management, LLC,
and Oasis Recreational Properties, LLC (collectively, the
"Company") entered into a Letter Agreement (the "Letter
Agreement") with Wells Fargo Foothill, Inc. ("Wells Fargo").
The Letter Agreement revises the Environmental Reserve and the Lien Reserve, as
those terms are defined in the Credit Agreement dated December 20, 2004,
as amended (the "Credit Agreement"), by and between the Company and
Wells Fargo.
Pursuant to
Section 2.1(b) of the Credit Agreement, Wells Fargo, as agent, has the
right to establish certain reserves in such amounts, and with respect to such
matters, as Wells Fargo in its Permitted Discretion, as defined in the Credit
Agreement, shall deem necessary or appropriate, against the Borrowing Base, as
defined in the Credit Agreement, including the Environmental Reserve and the
Lien Reserve. Pursuant to the Letter Agreement, Wells Fargo reduced the
Environmental Reserve from $750,000 to $0 and reduced the Lien Reserve from
$1,250,000 to $250,000, each effective as of July 31, 2008.
The foregoing summary
of the Letter Agreement is qualified in its entirety by reference to the
complete text of the Letter Agreement, a copy of which is attached hereto as
Exhibit 10.1 and is incorporated herein by reference.
SECTION 9 — FINANCIAL
STATEMENTS AND EXHIBITS
Item 9.01
– Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Name
Exhibit 10.1
Letter Agreement dated September 17, 2008,
by and among the Company and Wells Fargo.
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.
Black Gaming, LLC
Date: September 22, 2008
By:
/s/ Sean P. McKay
Sean P. McKay
Its:
Chief Accounting Officer
EXHIBIT INDEX
Exhibit
Number
Description
Exhibit 10.1
Letter Agreement dated September 17, 2008,
by and among the Company and Wells Fargo.