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): ~~January~~September 153, 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 2 – ~~FINANCIAL~~OTHER ~~INFORMATION~~EVENTS

Item 28.0401 ~~Triggering~~Other Events ~~That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement~~.

On ~~January~~September 153, 2009, Black Gaming, LLC (~~“Black Gaming” and~~ together with its direct and indirect wholly-owned subsidiaries, the “Company”) ~~failed~~received toa ~~make~~Notice ~~the~~of ~~$5.625 million~~Default, ~~interest~~Imposition ~~payment then due to the holders~~ of ~~the $125~~Default ~~million~~Rate ~~9.0%~~of ~~Senior~~Interest, ~~Secured~~and ~~Notes~~Reservation ~~due~~of ~~2012~~Rights letter (the “~~Notes~~Notice”) ~~issued by Black Gaming’s direct and indirect wholly-owned~~ ~~subsidiaries~~from ~~Virgin~~Wells ~~River~~Fargo ~~Casino Corporation (“VRCC”)~~Foothill, ~~RBG, LLC (“RBG”) and B & B B,~~ Inc. ~~(“BBB” and collectively~~ with ~~VRCC~~ ~~and~~respect ~~RBG,~~to ~~the~~that ~~“Issuers”).~~certain ~~The~~credit ~~Company is in discussions with an ad hoc committee of holders of the Notes~~agreement, ~~regarding~~dated ~~the~~as ~~Company’s financial alternatives. Under the terms~~ of ~~the Indenture, dated~~ December 20, 2004, as amended (the “~~Indenture~~Credit Agreement”), ~~governing~~by ~~the~~and ~~Notes,~~among the ~~Issuers~~lenders ~~have~~identified aon ~~grace period of 30 days from~~ the ~~payment due date with respect to~~signature ~~the~~pages thereof ~~interest payment before~~ (the ~~nonpayment~~“Lenders”), ~~becomes~~Wells anFargo ~~event of default under the Indenture~~Foothill, Inc. ~~There is no right to~~ ~~accelerate~~(together ~~the~~with ~~obligations under~~ the ~~Notes based on the nonpayment unless interest remains unpaid upon expiration of the grace period. In the event that the interest payment is not made prior to the expiration of the 30-day grace period~~Lenders, ~~then~~ the ~~aggregate~~“Lender ~~principal amount of the Notes~~Group”), ~~plus~~as the ~~unpaid interest payment and any other amounts due~~arranger and ~~owing~~administrative onagent for the ~~Notes~~Lenders, ~~could be declared immediately due~~ and ~~payable by~~ the ~~Trustee under the Indenture or by holders of 25% or more of the aggregate principal amount of the Notes~~Company.

~~Failure~~The toNotice ~~make~~states ~~the~~that ~~interest~~events ~~payment~~of default onexist ~~the~~under ~~Notes within~~ the ~~30-day~~Credit ~~grace~~Agreement ~~period~~as ~~would~~a ~~also~~result ~~constitute an event~~ of ~~default~~ ~~under~~ the ~~$66 million~~Company’s failure ~~aggregate~~to ~~principal~~achieve ~~amount~~EBITDA ofin ~~12.75%~~the ~~Senior~~amounts ~~Subordinated~~required ~~Discount~~by ~~Notes~~the ~~due~~Credit ~~2013~~Agreement, (the ~~“Discount~~Company’s ~~Notes”)~~failure ~~issued~~to bypay the ~~Issuers.~~Overadvance ~~There~~(as isdefined noin ~~right~~the toCredit Agreement) ~~accelerate~~amount ~~the~~existing ~~obligations~~on ~~under~~September 30, 2008, the ~~Discount Notes~~Company’s ~~based~~failure onto ~~the~~comply ~~nonpayment~~with ofcertain ~~interest~~representations onand ~~the~~warranties ~~Notes~~in ~~unless~~ the ~~obligations~~Credit Agreement, ~~under~~ the ~~Notes~~Company’s ~~are~~suspension ~~accelerated~~of ~~prior~~operations toat ~~their stated~~its ~~maturity.~~Oasis InResort ~~such event~~and Casino, the ~~aggregate~~Company’s ~~principal~~failure ~~amount~~to ofmake the ~~Discount~~scheduled ~~Notes,~~interest ~~plus~~payments ~~accrued and unpaid~~due ~~interest,~~on ~~if any~~January 15, 2009 and ~~any~~July 15, ~~other~~2009 ~~amounts~~under ~~due~~the ~~and~~Company’s ~~owing~~9.0% Senior onSecured Notes, the ~~Discount~~Company’s ~~Notes~~failure ~~could~~to bemake ~~declared~~the ~~immediately~~scheduled interest payment due ~~and payable~~on byJuly 15, ~~the~~2009 ~~Trustee~~ under the ~~indenture~~Company’s ~~governing~~12 ~~the~~3/4% ~~Discount~~Senior Subordinated Notes, orand bythe Company’s ~~holders~~failure ofto ~~25%~~obtain orcontrol ~~more~~agreements offor ~~the~~deposit ~~aggregate~~accounts ~~principal~~established ~~amount~~and ofmaintained by the ~~Discount Notes~~Company.

~~Failure~~The toNotice ~~make~~further ~~the~~states ~~interest~~that ~~payment~~as ona result of the ~~Notes~~events ~~within~~of default, the ~~30-day~~Lender ~~grace~~Group ~~period~~has ~~would~~elected ~~also~~to ~~constitute~~increase anthe applicable ~~event~~rate of ~~default~~ interest under the ~~Company’s~~ Credit Agreement ~~with~~to ~~Wells~~the ~~Fargo~~default ~~Foothill~~rate, which ~~Inc.,~~is ~~dated~~2% asabove ofthe ~~December 20,~~per ~~2004,~~annum asrate ~~amended (~~otherwise applicable under the “Credit Agreement)., Inretroactive ~~the~~to ~~event~~March 9, ~~the~~2009. The retroactive default interest amounts ~~payment~~to isapproximately ~~not~~$150,000 ~~made~~through ~~and~~August 31, 2009. The Notice further states that the ~~Company~~Lender Group is ~~unable~~under tono ~~obtain~~further ~~a forbearance~~obligation orto ~~waiver~~extend further credit under the Credit Agreement, ~~Wells~~is ~~Fargo~~continuing ~~would~~to beevaluate ~~able~~its response to ~~declare~~ the ~~Company’s~~events ~~obligations~~of ~~under the~~default, ~~Credit~~and ~~Agreement~~reserved ~~immediately~~all ~~due~~of ~~and~~its ~~payable.~~rights Asand ofremedies under ~~January 15,~~the ~~2009,~~Credit ~~the~~Agreement. ~~Company’s~~At ~~aggregate~~this ~~obligations~~time, ~~under~~ the ~~Credit~~Lender ~~Agreement~~Group ~~subject~~has tonot ~~acceleration~~elected asto accelerate ~~described~~the ~~above~~indebtedness ~~were~~under ~~approximately~~the ~~$14~~Credit Agreement.~~9 million.~~

2As reported in the Company’s Form 10-Q filed on August 14, 2009, the Credit Agreement is substantially fully drawn, with approximately $14.8 million outstanding, and the Company and Wells Fargo Foothill, Inc. have been in discussions regarding the effects of the events of default under the Credit Agreement.

~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to~~SIGNATURES ~~be signed on its behalf by the undersigned hereunto duly authorized.~~

	Black Gaming, LLC
Date: January 15, 2009	By:	/s/ Sean P. McKay
		Sean P. McKay
	Its:	Chief Accounting Officer

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 9, 2009	By:	/s/ Sean P. McKay

		Sean P. McKay
	Its:	Chief Accounting Officer

Filing Compare · B & B B, Inc.