UNITED STATES

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):     March 7, 2008




GLOBAL CASINOS, INC.
(Exact Name of Registrant as Specified in its Charter)



       Utah       

       0-15415       

    87-0340206    

(State or other jurisdiction
of incorporation)

Commission File
Number

(I.R.S. Employer Identification number)



5455 Spine Road, Suite C, Boulder, Colorado   80301
(Address of principal executive offices)                    (Zip Code)


Registrant's telephone number, including area code:   (303) 527-2903


______________________________________________________

(Former name or former address, if changed since last report)



___

Written communications pursuant to Rule 425 under the Securities Act

___

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

___

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

___

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act







  

ITEM 7.01

REGULATION FD DISCLOSURE


      On March 7, 2008,  the Company announced that effective March 3, 2008, it executed an Amendment No. 5 to the Asset Purchase and Sale Agreement  dated June 14, 2007, as amended by Amendment No. 1 thereto dated September 28, 2007 as further amended by Amendment No. 2 thereto dated November 30, 2007 and by Amendment No. 3 thereto dated December 5, 2007 and by Amendment No. 4 thereto dated January 30, 2008 with Doc Holliday Casino, LLC, a Colorado limited liability company, providing for the acquisition of  substantially all of the tangible and intangible assets used in connection with the operation of Doc Holliday Casino, a limited stakes gaming casino located in Central City, Colorado.  The Amendment extended the termination date of the Agreement and announced the Colorado Division of Gaming approved the application to issue a new gaming license in connection with the pending transaction.

ITEM 9.01:       EXHIBITS


 

(c)

Exhibit

   
 

Item

Title

   
 

99.1

Press Release dated March 7, 2008


   
   


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 thereunto duly authorized.


  

Global Casinos, Inc

(Registrant)

    
 

Dated: March 7, 2008

 

/s/ Clifford L. Neuman                                  
Clifford L. Neuman, President