EXHIBIT 10.3

[GORDAN & SILVER, LTD. LETTERHEAD]

GORDAN & SILVER, LTD.
GERALD M. GORDAN, ESQ.
Nevada Bar No. 229
WILLIAM M. NOALL, ESQ.
Nevada Bar No. 3549
THOMAS H. FELL, ESQ.
Nevada Bar No. 3717
3960 Howard Hughes Pkwy, 9th Floor
Las Vegas, Nevada 89109
Telephone (702) 796-5555
Facsimile (702) 369-2666
E-mail wmn@gordonsilver.com
    Attorneys for Debtors

UNITED STATES BANKRUPTCY COURT
DISTRICT OF NEVADA

In re

FITZGERALDS GAMING
CORPORATION, a Nevada corporation,

Debtor.

      o Affects this Debtor,

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  / x Affects all Debtors,

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  / o Affects FITZGERALDS SOUTH, INC.,
a Nevada corporation,

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  / o Affects FITZGERALDS RENO, INC.,
a Nevada corporation,

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  / o Affects FITZGERALDS INCORPORATED,
a Nevada corporation,

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  / o Affects FITZGERALDS LAS VEGAS, INC.,
a Nevada corporation,

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  / o Affects FITZGERALDS MISSISSIPPI, INC.,
a Mississippi corporation,

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  / o Affects FITZGERALDS BLACK HAWK,
INC., a Nevada corporation,

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  / o Affects FITZGERALDS BLACK HAWK II,
Inc., a Colorado corporation,

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  / o Affects 101 MAIN STREET LIMITED
LIABILITY COMPANY, a Colorado limited
liability company,

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  / o Affects FITZGERALDS FREMONT
EXPERIENCE CORPORATION,
a Nevada corporation,

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  /

Case No. BK-N-00-33467-GWZ Chapter 11
Jointly Administered With:
BK-N-00-33468 (Fitzgeralds South, Inc.)
BK-N-00-33469 (Fitzgeralds Reno, Inc.)
BK-N-00-33470 (Fitzgeralds, Inc.)
BK-N-00-33471 (Fitzgeralds Las Vegas, Inc.)
BK-N-00-33472 (Fitzgeralds Mississippi, Inc.)
BK-N-00-33473 (Fitzgeralds Black Hawk, Inc.)
BK-N-00-33474 (Fitzgeralds Black Hawk II, Inc.)
BK-N-00-33475 (101 Main Street LLC)
BK-N-00-33476 (Fitzgeralds Fremont Experience Corp.)

 

ORDER (1) APPROVING ADEQUACY OF DISCLOSURES
IN DEBTORS’ DISCLOSURE STATEMENT, (2) SETTING
DEADLINES FOR BALLOTING AND OPPOSING
CONFIRMATION OF DEBTORS’ PLAN OF REORGANIZATION
AND (3) SETTING CONFIRMATION HEARING; NOTICE
OF CONFIRMATION HEARING

 

 

 

 

Date:  December 2, 2002
Time:  10:00 a.m.

            Confirmation Hearing Date:   February 10, 2003 Confirmation Hearing
Time:   2:00 p.m. Place of Confirmation Hearing:   300 Booth Street
Reno, NV 89509

 

 

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     Debtor’s Motion for Order (1) Approving Adequacy of Disclosures in Debtors’
Disclosure Statement, and (2) Setting Deadlines for Balloting and Opposing
Confirmation of Debtors’ Plan of Reorganization (the “Motion”) was heard and
considered by the above-captioned Court on December 2, 2002, at 10:00 a.m.
Thomas H. Fell, Esq., of the law firm of Gordon & Silver, Ltd., appeared on
behalf of Debtors. All other parties’ appearances are noted in the record of the
proceeding.

     The Court considered the Motion, the Amendment to Exhibit “1” to the Motion
for Order (1) Approving Adequacy of Disclosures in Debtors’ Disclosure
Statement, and (2) Setting Deadlines for Balloting and Opposing Confirmation of
Debtors’ Plan of Reorganization, the papers and pleadings in the Court’s file
and the arguments presented at the time of the hearing. Good cause appearing
therefore;

     IT IS ORDERED, ADJUDGED AND DECREED AS FOLLOWS:

          1. The Motion is granted in its entirety.

          2. The Disclosure Statement to Accompany Debtors’ First Amended Plan
Of Reorganization (“Disclosure Statement”) is approved and found to satisfy the
requirements of 11 U.S.C. sec. 1125 and LR 3016.

          3. All persons who were given notice of the hearing on the Motion and
did not file or voice an objection at the hearing are deemed to have consented
to the relief granted in this Order.

          4. The Record Date under the Plan for determining record holders for
voting purposes respecting any and all equity securities and warrants of
Debtors, and the 12.25% Senior Secured Notes due 2004 in the principal amount of
$205,000,000.00, shall be the date this Order is entered by the Court.

          5. Pursuant to Fed. R. Bankr. P. 3017(d), Debtors shall serve on all
parties-in-interest to the party’s last known address: (i) a CD-ROM containing
the Disclosure Statement and Debtors’ First Amended Plan Of Reorganization
(“Plan”), (ii) a copy of this Order, (iii) a copy of a Ballot (using the
Official Form), but only on creditors allowed to vote on the Plan, and (iv) a
letter advising that a printed copy of the Disclosure Statement and the Plan may
be obtained on request given to Debtors’ counsel.

2

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          6. Pursuant to Fed. R. Bankr. P. 3017(c), February 3, 2003, is the
deadline on which Debtors must have received all Ballots accepting or rejecting
the Plan, provided Debtors, with the consent of the Informal Committee, may
extend this deadline in its discretion.

          7. Debtors shall file a ballot summary on or before February 6, 2003.

          8. The Confirmation Hearing for Debtors’ Plan shall take place at the
United States Bankruptcy Court for the District of Nevada, 300 Booth Street,
Reno, Nevada, 89509, on February 10, 2003, at 2:00 p.m.

          9. The deadline to file and serve objections to confirmation of the
Plan shall be January 31, 2003.

          10. The Court shall issue such further orders as are necessary to
carry out this Order.

          DATED this 24 day of December, 2002.

          GREGG W. ZIVE    

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    UNITED STATES BANKRUPTCY JUDGE

          Prepared and Submitted by:               GORDON & SILVER, LTD.        
      By:   /s/ Illegible        

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        GERALD M. GORDON, ESQ.
WILLIAM M. NOALL, ESQ.
THOMAS H. FELL, ESQ.
3960 Howard Hughes Pkwy, 9th Floor
Las Vegas, Nevada 89109
Attorneys for Debtors               APPROVED/DISAPPROVED               HALE LANE
PEEK DENNISON
HOWARD & ANDERSON               By:   /s/ PAULINE NG LEE        

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        PAULINE NG LEE, ESQ.
Nevada Bar No. 6392
2300 West Sahara Ave., Ste. 800
Las Vegas, NV 89102
Attorneys for Scout Development Corp.    

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