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      STATES</font></div>
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      AND EXCHANGE COMMISSION</font></div>
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      D.C. 20549</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
      REPORT</font></div>
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      TO SECTION 13 OR 15(d) OF</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">THE
      SECURITIES EXCHANGE ACT OF 1934</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
      of
      report (date of earliest event reported): April 5, 2006</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>SPECTRE
      GAMING, INC.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
      name of registrant as specified in its charter)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Minnesota</font></div>
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                or other jurisdiction of incorporation)</font></div>
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                Employer Identification No.)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">14200
      23rd Avenue N.</font></div>
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      MN 55447</font></div>
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      553-7601</font></div>
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      telephone number, including area code)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
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      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:</font></div>
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                  communications pursuant to Rule 425 under the Securities Act (17
                  CFR
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                  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                  240.14a-12)</font></div>
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    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      1.01. Entry into a Material Definitive Agreement.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      April
      5, 2006, Spectre Gaming, Inc. (the &#8220;Company&#8221;) entered into a Sixth Amendment to
      Redemption Technology and Supply Agreement with Bally Gaming, Inc. (the
&#8220;Amendment&#8221;). The Amendment is effective as of March 29, 2006, and amends
      certain terms and conditions of the Redemption Technology and Supply Agreement
      between such parties dated May 24, 2005, as amended.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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      Amendment materially alters the Redemption Technology and Supply Agreement,
      as
      amended, by providing that:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Company is obligated to purchase from Bally Gaming at least 175 gaming
                cabinets incorporating certain proprietary technology that the Company
                licenses from Bally Gaming, prior to April 30, 2006, at prices determined
                under the Amendment.</font></div>
            </td>
          </tr>

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          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
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            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Thereafter,
                and after the Company has deployed all such 175 gaming cabinets with
                its
                customers, the Company will be obligated to purchase from Bally Gaming
                the
                next new 1,825 such gaming cabinets that the Company orders. All
                such
                purchases will be made at prices determined under the
                Amendment.</font></div>
            </td>
          </tr>

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    <div>
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          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Bally
                Gaming agreed to (i) defer a $750,000 payment that the Company owes
                pursuant to a promissory note the Company delivered to Bally Gaming
                in
                connection with the Redemption Technology and Supply Agreement, as
                amended, until June 30, 2006, and (ii) provide the Company with an
                additional 30-day period to cure any non-payment of such amount by
                that
                date.</font></div>
            </td>
          </tr>

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    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Company has agreed to deposit into escrow certain source code created
                by
                the parties for use with Bally Gaming&#8217;s gaming cabinets which the Company
                purchases pursuant to the Redemption Technology and Supply Agreement,
                as
                amended. In the event that the Company defaults on its obligations
                under
                the Redemption Technology and Supply Agreement, as amended, Bally
                Gaming
                will have a right to use the source
                code.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
                an additional incentive to develop new products, features and versions
                of
                the technology, Bally agreed to share equally in the costs of registering
                and perfecting intellectual property registrations and filings up
                to
                $250,000 annually.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Subject
                to conditions that may be imposed by location operators, the parties
                agreed that all Company amusement-with-prize games placed at new
                third-party retail locations will employ Bally Gaming&#8217;s redemption and
                fulfillment system. The Amendment also contains provisions for the
                transition of currently placed amusement-with-prize games to the
                use of
                the Bally Gaming redemption and fulfillment
                system.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
            <td>
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                the event that the Company does not have at least 1,000 gaming cabinets
                operating in the State of Texas by June 30, 2007, then the Company
                will
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                in
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                as
                described in the Redemption Technology and Supply Agreement, as
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                Agreement, as amended, through June 30, 2008, with certain
                performance-related conditions to the ability to extend the term
                for up to
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                principal balance plus all accrued and unpaid interest; or in the
                alternative may require Bally Gaming to restructure the promissory
                note to
                defer $750,000 in principal payments (due on each of March 29 and
                September 29, 2006) until December 31, 2006 with the total $1.5 million
                due being amortized thereafter over 18 months,
                and</font></div>
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                Redemption Technology and Supply Agreement, as amended, generally
                providing the Company with greater
                flexibility.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font><br></div>
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            <td width="50%">&#160;</td>
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          <tr valign="top" bgcolor="#ffffff">
            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
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            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SPECTRE
              GAMING, INC.:</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
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          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:
              April 5, 2006</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/&#160;Kevin
              M. Greer</font></td>
          </tr>
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            <td align="left">
              <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font size="2">Kevin
              M. Greer, <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Chief
              Financial Officer</em></font></font></td>
          </tr>
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            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            <td>&#160;</td>
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{"company-data": {"conformed-name": "SPECTRE GAMING INC", "cik": "0000891389", "assigned-sic": "7385", "irs-number": "411675041", "state-of-incorporation": "MN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25764", "film-number": "06743837"}, "business-address": {"street1": "800 NICOLLET MALL", "street2": "SUITE 2690", "city": "MINNEAPOLIS", "state": "MN", "zip": "55402", "phone": "612-279-2005"}, "former-company": [{"former-conformed-name": "ONELINK INC", "date-changed": "20000823"}, {"former-conformed-name": "ONELINK COMMUNICATIONS INC", "date-changed": "19971118"}, {"former-conformed-name": "MARKETLINK INC", "date-changed": "19950320"}]}
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): April 5, 2006
SPECTRE
      GAMING, INC.
(Exact
      name of registrant as specified in its charter)
Minnesota
0-25764
41-1675041
(State
                or other jurisdiction of incorporation)
(Commission
                File Number)
(IRS
                Employer Identification No.)
14200
      23rd Avenue N.
Minneapolis,
      MN 55447
(Address
      of principal executive offices) (Zip code)
(763)
      553-7601
(Registrant's
      telephone number, including area code)
(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
      April
      5, 2006, Spectre Gaming, Inc. (the "Company") entered into a Sixth Amendment to
      Redemption Technology and Supply Agreement with Bally Gaming, Inc. (the
"Amendment"). The Amendment is effective as of March 29, 2006, and amends
      certain terms and conditions of the Redemption Technology and Supply Agreement
      between such parties dated May 24, 2005, as amended.
The
      Amendment materially alters the Redemption Technology and Supply Agreement,
      as
      amended, by providing that:
·
The
                Company is obligated to purchase from Bally Gaming at least 175 gaming
                cabinets incorporating certain proprietary technology that the Company
                licenses from Bally Gaming, prior to April 30, 2006, at prices determined
                under the Amendment.
·
Thereafter,
                and after the Company has deployed all such 175 gaming cabinets with
                its
                customers, the Company will be obligated to purchase from Bally Gaming
                the
                next new 1,825 such gaming cabinets that the Company orders. All
                such
                purchases will be made at prices determined under the
                Amendment.
·
Bally
                Gaming agreed to (i) defer a $750,000 payment that the Company owes
                pursuant to a promissory note the Company delivered to Bally Gaming
                in
                connection with the Redemption Technology and Supply Agreement, as
                amended, until June 30, 2006, and (ii) provide the Company with an
                additional 30-day period to cure any non-payment of such amount by
                that
                date.
·
The
                Company has agreed to deposit into escrow certain source code created
                by
                the parties for use with Bally Gaming's gaming cabinets which the Company
                purchases pursuant to the Redemption Technology and Supply Agreement,
                as
                amended. In the event that the Company defaults on its obligations
                under
                the Redemption Technology and Supply Agreement, as amended, Bally
                Gaming
                will have a right to use the source
                code.
·
As
                an additional incentive to develop new products, features and versions
                of
                the technology, Bally agreed to share equally in the costs of registering
                and perfecting intellectual property registrations and filings up
                to
                $250,000 annually.
·
Subject
                to conditions that may be imposed by location operators, the parties
                agreed that all Company amusement-with-prize games placed at new
                third-party retail locations will employ Bally Gaming's redemption and
                fulfillment system. The Amendment also contains provisions for the
                transition of currently placed amusement-with-prize games to the
                use of
                the Bally Gaming redemption and fulfillment
                system.
·
In
                the event that the Company does not have at least 1,000 gaming cabinets
                operating in the State of Texas by June 30, 2007, then the Company
                will
                forfeit its right to distribute Bally Gaming video lottery terminals
                in
                that state, if and when such terminals become legal in that state,
                as
                described in the Redemption Technology and Supply Agreement, as
                amended.
·
The
                parties extended the term of the Redemption Technology and Supply
                Agreement, as amended, through June 30, 2008, with certain
                performance-related conditions to the ability to extend the term
                for up to
                eight years beyond the effective date of the
                Amendment.
In
      addition, if the Company (i) meets certain financing conditions on or prior
      to
      June 30, 2006 (subject to a 30-day extension) and (ii) makes all interest
      payments due under the promissory note delivered to Bally Gaming in connection
      with the Redemption Technology and Supply Agreement, as amended,
      then:
·
the
                Company may payoff the entire amount due under the promissory note
                by
                delivering a lump-sum payment equal to the sum of 75% of the then-current
                principal balance plus all accrued and unpaid interest; or in the
                alternative may require Bally Gaming to restructure the promissory
                note to
                defer $750,000 in principal payments (due on each of March 29 and
                September 29, 2006) until December 31, 2006 with the total $1.5 million
                due being amortized thereafter over 18 months,
                and
·
the
                parties will agree to a revised royalty payment structure under the
                Redemption Technology and Supply Agreement, as amended, generally
                providing the Company with greater
                flexibility.
*
*
*
*
*
SIGNATURE
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.
SPECTRE
              GAMING, INC.:
Date:
              April 5, 2006
By:
/s/ Kevin
              M. Greer
Kevin
              M. Greer,
Chief
              Financial Officer
2