UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

~~Form~~FORM 8-K

~~Current~~CURRENT ~~Report~~REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~Date~~June 27, ~~of Report (Date of earliest event reported): 03/21/~~2006

~~THE~~Date ~~SANDS~~of ~~REGENT~~Report (Date of earliest event reported)

The Sands Regent

(Exact name of registrant as specified in its charter)

Commission File Number: 0-14050

Nevada

000-14050

88-0201135

(State of Incorporation)

(Commission File Number)

(IRS Employer

Identification Number)

NV		880201135
(State or other jurisdiction of		(IRS Employer
incorporation)		Identification No.)

345 North Arlington Ave.

~~345 N. Arlington Avenue~~Reno, ~~Reno~~Nevada, NV89501 ~~89509~~

(Address of principal executive offices,) ~~including~~(Zip ~~zip code~~Code)

(775) 348 ~~2224~~2200

(Registrant’s telephone number, including area code)

~~(Former~~N/A ~~name or former address, if changed since last report)~~

(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:

~~[ ]~~ ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Information~~¨ Soliciting material pursuant to beRule ~~included~~14a-12 inunder the ~~report~~ Exchange Act (17 CFR 240.14a-12)

~~Item~~¨ ~~1.01. Entry~~Pre-commencement ~~into~~communications apursuant ~~Material~~to ~~Definitive~~Rule ~~Agreement~~ 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

~~The~~¨ Sands Regent (Nasdaq: SNDS) announced today an update on expansion plans for its Rail City Casino property in Sparks, NV. Initially, the property's current 650 slot machines will be increased to 850, with ultimate plans for a total of 1,000 games. Pending completion of the permit process with the city of Sparks, management plans to begin a sixPre-~~month,~~commencement ~~phased~~communications ~~construction~~pursuant process in mid-calendar year 2006. Included in the scope of the expansion will be an additional restaurant and bar venue. Effective March 21, 2006, Plantation Investments, Inc., a subsidiary of the Company, has contracted to ~~purchase~~Rule ~~a half~~13e-~~acre~~4(c) ~~site~~under ~~that is adjacent to~~ the ~~casino,~~Exchange ~~for~~Act ~~$1.3~~(17 ~~million. Occupying~~CFR ~~the site currently is a 27-unit motel~~240. The Company plans to demolish substantially all of the motel units to provide for additional customer parking during construction and once the expansion is completed. Closing of the transaction is scheduled to occur on or before April 3, 2006.The scope of the expansion has been increased, and the budgeted project costs have been revised to approximately $13.8 million versus the previous estimate of $8.5 million. Increased construction costs, refinement of the project scope, careful sequencing of construction activity to minimize customer inconvenience and the acquisition of additional land for customer parking are the primary drivers of the increased cost estimates. Ferenc Szony, President and CEO of The Sands Regent, commented, "We are confident that by enhancing this expansion opportunity at Rail City Casino, we will ensure that the new facility will exceed customer expectations, in part by adding even more parking than originally planned, right on Victorian Avenue. The added investment will ensure that we maximize the property's profitability." 13e-4(c)

~~Signature(s)~~Item 2.02. Results of Operations and Financial Condition

On ~~Pursuant~~June 27, to2006, ~~the~~The ~~requirements~~Sands ofRegent (the ~~Securities~~“Company”) ~~Exchange~~issued ~~Act~~a press release announcing its results of ~~1934,~~operations and financial condition for the ~~registrant~~third ~~has~~quarter ~~duly~~ended ~~caused~~March 31, ~~this~~2006. ~~report~~The toCompany bealso ~~signed~~announced onthat it has filed its Amended ~~behalf~~Quarterly byReports on Form 10-Q/A for the ~~undersigned~~quarters ~~hereunto duly~~ended ~~authorized~~September 30, 2005 and December 31, 2005. The full text of the press release is set forth in Exhibit 99.1 attached hereto.

		THE SANDS REGENT
Date: March 20, 2006	By:	/s/ Cornelius T. Klerk
		Cornelius T. Klerk
		Chief Financial Officer

This information and the information contained in the press release shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in Item 2.02 of this Current Report is not incorporated by reference into any filings of the Company made under the Securities Act of 1933, as amended, whether made before or after the date of this Current Report, regardless of any general incorporation language in the filing unless specifically stated so therein.

~~Exhibit~~Item ~~Index~~3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

Exhibit No.		Description
EX-10.32		Contract to purchase additional property for Rail City Expansion

On June 27, 2006, the Company issued a press release announcing the filing of its quarterly report for the quarter ended March 31, 2006 on Form 10-Q with the Securities and Exchange Commission (“SEC”). The Company has contacted the NASDAQ Listing Qualifications Hearings Coordinator regarding the filing of this delinquent report with the SEC. As previously disclosed, on May 26, 2006 the Company requested a hearing before a NASDAQ Listing Qualifications Panel to seek continued listing on The NASDAQ Capital Market until the Company became current in its SEC filings. This hearing request resulted in a postponement of the Company’s delisting pending the Panel’s decision. The Company believes that the filing of the 10-Q for the quarter ended March 31, 2006, which brings the Company’s SEC filings current, will return the Company to compliance with the NASDAQ Capital Market’s continued listing requirements and alleviate the need for a hearing.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits:


Exhibit No.		Exhibit

99.1		Press release issued by The Sands Regent on June 27, 2006.

SIGNATURES

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



Date: June 26, 2006	By:	/s/ Cornelius T. Klerk
		Cornelius T. Klerk, Chief Financial Officer

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