<HTML>
<HEAD>
<TITLE>8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



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


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

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

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

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): May 6, 2009</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>Black Gaming, LLC<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<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: 1px solid #000000"><B>Nevada</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>333-123179</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><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 border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>10777 W Twain Ave, Las Vegas, Nevada<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><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 align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(702) 318-6888</B>


<TABLE border="0" width="30%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="100%">&nbsp;</TD>
</TR>
<TR>
    <TD nowrap style="border-bottom: 1px solid #000000"><B>&nbsp;</B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">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 align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</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">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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

</DIV>

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

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

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

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="left" style="font-size: 10pt"><B>SECTION&nbsp;8 &#150; OTHER EVENTS</B>


<P align="left" style="font-size: 10pt"><B>Item&nbsp;8.01 Other Events.</B>


<P align="left" style="font-size: 10pt">On May&nbsp;6, 2009, Black Gaming, LLC (together with its direct and indirect wholly-owned subsidiaries, the &#147;Company&#148;)
received a Notice of Default and Reservation of Rights letter (the &#147;Default Letter&#148;) from Wells Fargo Foothill, Inc.
(&#147;Wells Fargo Foothill&#148;) with respect to that certain credit agreement, dated as of December&nbsp;20, 2004, as amended (the
&#147;Credit Agreement&#148;), by and among the lenders identified on the signature pages&nbsp;thereof (the &#147;Lenders&#148;), Wells Fargo
Foothill (together with the Lenders, the &#147;Lender Group&#148;), as the arranger and administrative agent for the
Lenders, and the Company.


<P align="left" style="font-size: 10pt">The Default Letter states that events of default exist under the Credit Agreement as a result of the Company&#146;s failure
to achieve EBITDA in the amounts required by the Credit Agreement, the Company&#146;s failure to pay the Overadvance (as
defined in the Credit Agreement) amount existing on September&nbsp;30, 2008, the Company&#146;s failure to comply with certain
representations and warranties in the Credit Agreement, the Company&#146;s temporary suspension of casino operations at its
Oasis Resort and Casino, and the Company&#146;s failure to make the $5.625&nbsp;million interest payment due January&nbsp;15, 2009
under the Company&#146;s 9.0% Senior Secured Notes. The Default Letter further states that as a result of the events of
default, the Lender Group is under no further obligation to extend further credit under the Credit Agreement, the
Lender Group is continuing to evaluate its response to the events of default, and reserved all of its rights and
remedies under the Credit Agreement. At this time, the Lender Group has not elected to increase the rate of interest
or to accelerate the indebtedness under the Credit Agreement.


<P align="left" style="font-size: 10pt">As reported in the Company&#146;s Form&nbsp;10-K filed on March&nbsp;31, 2009, the Credit Agreement is substantially fully drawn, with
approximately $14.8&nbsp;million outstanding, and the Company and Wells Fargo Foothill have been in discussions regarding
the effects of the events of default under the Credit Agreement.

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

<P align="center" style="font-size: 10pt; display: none">2
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

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



<P align="left" style="font-size: 10pt; text-indent: 4%">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" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="44%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&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 colspan="3" valign="top" align="left"><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 colspan="3" valign="top" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: May&nbsp;11, 2009
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/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>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">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 align="left" valign="top">Its:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Accounting Officer</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

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




</DIV>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "c85281e8vk.htm", "description": "8-K", "secsgml_size_bytes": 9476}]
[{"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": "09814125"}, "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": "6510", "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": "09814126"}, "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": "6510", "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": "09814127"}, "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"}}]
8-K
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): May 6, 2009
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 8 – OTHER EVENTS
Item 8.01 Other Events.
On May 6, 2009, Black Gaming, LLC (together with its direct and indirect wholly-owned subsidiaries, the "Company")
received a Notice of Default and Reservation of Rights letter (the "Default Letter") from Wells Fargo Foothill, Inc.
("Wells Fargo Foothill") with respect to that certain credit agreement, dated as of December 20, 2004, as amended (the
"Credit Agreement"), by and among the lenders identified on the signature pages thereof (the "Lenders"), Wells Fargo
Foothill (together with the Lenders, the "Lender Group"), as the arranger and administrative agent for the
Lenders, and the Company.
The Default Letter states that events of default exist under the Credit Agreement as a result of the Company's failure
to achieve EBITDA in the amounts required by the Credit Agreement, the Company's failure to pay the Overadvance (as
defined in the Credit Agreement) amount existing on September 30, 2008, the Company's failure to comply with certain
representations and warranties in the Credit Agreement, the Company's temporary suspension of casino operations at its
Oasis Resort and Casino, and the Company's failure to make the $5.625 million interest payment due January 15, 2009
under the Company's 9.0% Senior Secured Notes. The Default Letter further states that as a result of the events of
default, the Lender Group is under no further obligation to extend further credit under the Credit Agreement, the
Lender Group is continuing to evaluate its response to the events of default, and reserved all of its rights and
remedies under the Credit Agreement. At this time, the Lender Group has not elected to increase the rate of interest
or to accelerate the indebtedness under the Credit Agreement.
As reported in the Company's Form 10-K filed on March 31, 2009, the Credit Agreement is substantially fully drawn, with
approximately $14.8 million outstanding, and the Company and Wells Fargo Foothill have been in discussions regarding
the effects of the events of default under the Credit Agreement.
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: May 11, 2009
By:
/s/ Sean P. McKay
Sean P. McKay
Its:
Chief Accounting Officer