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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<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): February 19, 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>


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<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>


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<P align="center" style="font-size: 10pt; display: none">1
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<P align="justify" style="font-size: 10pt"><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement.</B>



<P align="justify" style="font-size: 10pt; text-indent: 4%">On February&nbsp;19, 2009, Black Gaming, LLC (together with its direct and indirect wholly-owned
subsidiaries, the &#147;Company&#148;) entered into a Forbearance Agreement (the &#147;Noteholders Forbearance
Agreement&#148;) with entities (collectively, the &#147;Noteholders&#148;) who have represented that they hold
more than 75% of the Company&#146;s $125&nbsp;million 9.0% Senior Secured Notes due 2012 (the &#147;Notes&#148;). The
Noteholders Forbearance Agreement provides that during the Forbearance Period (as defined in the
Noteholders Forbearance Agreement) the Noteholders will forbear from exercising rights and remedies
that are available under the Indenture, dated December&nbsp;20, 2004 (the &#147;Indenture&#148;), governing the
Notes and the other Loan Documents (as defined in the Noteholders Forbearance Agreement) relating
to certain Specified Defaults (as defined in the Noteholders Forbearance Agreement) including the
Company&#146;s failure to make the January&nbsp;15, 2009 interest payment on the Notes. The Noteholders also
agreed to forbear from taking any action to cause the Trustee under the Indenture to exercise any
of the Trustee&#146;s rights or remedies arising out of the Specified Defaults, and, if the Trustee does
take any action with respect to any of the Specified Defaults during the Forbearance Period, to the
extent provided for in the Loan Documents, the Noteholders will cause the Trustee to forbear from
exercising any of its rights or remedies under the Loan Documents.


<P align="justify" style="font-size: 10pt; text-indent: 4%">The Forbearance Period commences on the Effective Date and, unless earlier terminated in accordance
with the terms of the Forbearance Agreement, goes through the Termination Date (each as defined in
the Noteholders Forbearance Agreement). The Termination Date is March&nbsp;9, 2009, provided that (i)
the Company provides a restructuring term sheet to the professional advisors of the Noteholders by
March&nbsp;2, 2009 and (ii)&nbsp;the Company provides certain projections to the professional advisors of the
Noteholders by March&nbsp;6, 2009.


<P align="justify" style="font-size: 10pt; text-indent: 4%">The Company has also agreed to pay certain fees and expenses incurred by the professional advisors
of the Noteholders and to provide them with reasonable access to the Company.


<P align="justify" style="font-size: 10pt; text-indent: 4%">As previously disclosed, a covenant in the Amended and Restated Forbearance Agreement dated
February&nbsp;12, 2009 between the Company and Wells Fargo Foothill, Inc. (&#147;Wells Fargo Foothill&#148;)
required the Company to execute the Noteholders Forbearance Agreement by February&nbsp;17, 2009. As the
Noteholders Forbearance Agreement was executed outside of this timeframe, the Company is currently
in breach of the terms of the Wells Fargo Foothill Amended and Restated Forbearance Agreement, and
Wells Fargo Foothill has the right to exercise any and all rights and remedies under the Company&#146;s
Credit Agreement with Wells Fargo Foothill, dated as of December&nbsp;20, 2004, as amended (the &#147;Credit
Agreement), including the acceleration of the Company&#146;s obligations under the Credit Agreement of
approximately $14.9&nbsp;million. If Wells Fargo Foothill elects to exercise any of its rights or
remedies under the Credit Agreement, a default would occur under the Noteholders Forbearance
Agreement.

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



<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2
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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>Item&nbsp;9.01</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify"><B>&#150; Financial Statements and Exhibits.</B></DIV></TD>
</TR>

</TABLE>

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<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Forbearance Agreement dated February&nbsp;19, 2009 between the
Company and the Noteholders</TD>
</TR>
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</TABLE>
</DIV>

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

<P align="center" style="font-size: 10pt; display: none">4
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<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="justify" 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">
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    <TD width="43%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="43%">&nbsp;</TD>
</TR>

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<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: February&nbsp;20, 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 align="left" valign="top">&nbsp;</TD>
    <TD>&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>
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</TABLE>
</DIV>


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





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

<P align="center" style="font-size: 10pt; display: none">5
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<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>EXHIBIT INDEX</B>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><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 align="left" valign="top">Forbearance Agreement dated February&nbsp;19, 2009 between the
Company and the Noteholders</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




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

<P align="center" style="font-size: 10pt; display: none">6




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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): February 19, 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))
Item 1.01 Entry into a Material Definitive Agreement.
On February 19, 2009, Black Gaming, LLC (together with its direct and indirect wholly-owned
subsidiaries, the "Company") entered into a Forbearance Agreement (the "Noteholders Forbearance
Agreement") with entities (collectively, the "Noteholders") who have represented that they hold
more than 75% of the Company's $125 million 9.0% Senior Secured Notes due 2012 (the "Notes"). The
Noteholders Forbearance Agreement provides that during the Forbearance Period (as defined in the
Noteholders Forbearance Agreement) the Noteholders will forbear from exercising rights and remedies
that are available under the Indenture, dated December 20, 2004 (the "Indenture"), governing the
Notes and the other Loan Documents (as defined in the Noteholders Forbearance Agreement) relating
to certain Specified Defaults (as defined in the Noteholders Forbearance Agreement) including the
Company's failure to make the January 15, 2009 interest payment on the Notes. The Noteholders also
agreed to forbear from taking any action to cause the Trustee under the Indenture to exercise any
of the Trustee's rights or remedies arising out of the Specified Defaults, and, if the Trustee does
take any action with respect to any of the Specified Defaults during the Forbearance Period, to the
extent provided for in the Loan Documents, the Noteholders will cause the Trustee to forbear from
exercising any of its rights or remedies under the Loan Documents.
The Forbearance Period commences on the Effective Date and, unless earlier terminated in accordance
with the terms of the Forbearance Agreement, goes through the Termination Date (each as defined in
the Noteholders Forbearance Agreement). The Termination Date is March 9, 2009, provided that (i)
the Company provides a restructuring term sheet to the professional advisors of the Noteholders by
March 2, 2009 and (ii) the Company provides certain projections to the professional advisors of the
Noteholders by March 6, 2009.
The Company has also agreed to pay certain fees and expenses incurred by the professional advisors
of the Noteholders and to provide them with reasonable access to the Company.
As previously disclosed, a covenant in the Amended and Restated Forbearance Agreement dated
February 12, 2009 between the Company and Wells Fargo Foothill, Inc. ("Wells Fargo Foothill")
required the Company to execute the Noteholders Forbearance Agreement by February 17, 2009. As the
Noteholders Forbearance Agreement was executed outside of this timeframe, the Company is currently
in breach of the terms of the Wells Fargo Foothill Amended and Restated Forbearance Agreement, and
Wells Fargo Foothill has the right to exercise any and all rights and remedies under the Company's
Credit Agreement with Wells Fargo Foothill, dated as of December 20, 2004, as amended (the "Credit
Agreement), including the acceleration of the Company's obligations under the Credit Agreement of
approximately $14.9 million. If Wells Fargo Foothill elects to exercise any of its rights or
remedies under the Credit Agreement, a default would occur under the Noteholders Forbearance
Agreement.
The foregoing summary of the Noteholders Forbearance Agreement is qualified in its entirety by
reference to the complete text of the Noteholders Forbearance Agreement, a copy of which is
attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01
– Financial Statements and Exhibits.
Exhibit
Name
Exhibit 10.1
Forbearance Agreement dated February 19, 2009 between the
Company and the Noteholders
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: February 20, 2009
By:
/s/ Sean P. McKay
Sean P. McKay
Its:
Chief Accounting Officer
EXHIBIT INDEX
Exhibit
Name
Exhibit 10.1
Forbearance Agreement dated February 19, 2009 between the
Company and the Noteholders