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 3, 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

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






  

ITEM 1.01

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT


Global Casinos, Inc., (the “Company”) announced that effective March 3, 2008, it entered into Amendment No. 5 to the definitive Asset Purchase and Sale Agreement dated June 14, 2007, as previously amended by Amendment No. 1 dated September 28, 2007 and by Amendment No. 2 dated November 30, 2007 and by Amendment No. 3 dated December 5, 2007 and by Amendment No. 4 dated January 30, 2008 (the “Agreement”) with Doc Holliday Casino, LLC, a Colorado limited liability company (“Doc Holliday”), providing for the acquisition by the Company of substantially all of the tangible and intangible assets (the “Assets”) of Doc Holliday Casino, located in Central City, Colorado.  


The Amendment provides for an extension of the termination date to March 31, 2008.  


A copy of the Amendment No. 4 is filed as an exhibit herewith.


ITEM 9.01:       EXHIBITS


 

(c)

Exhibit

   
 

Item

Title

 

10.1

Amendment No. 5 to Asset Purchase and Sale Agreement dated June 14, 2007

   


   
   


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 6, 2008

 

_/s/ Clifford L. Neuman___________

Clifford L. Neuman, President