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EXHIBIT 10.2

When Recorded Mail to:

John N. Brewer
Kummer Kaempfer Bonner & Renshaw
3800 Howard Hughes Parkway
Seventh Floor
Las Vegas, Nevada 89109

APN 162-22-104-001

FIRST AMENDMENT TO
DEED OF TRUST

        THIS FIRST AMENDMENT TO DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS,
SECURITY AGREEMENT AND FIXTURES FILING ("First Amendment"), among Flamingo
Paradise Gaming, LLC, a Nevada limited liability company, as trustor ("FPG" or
"Trustor"), and The Bank of New York, a national banking association, as
beneficiary ("Beneficiary"), dated as of August 23, 2002 is made with reference
to the following facts and purposes:

RECITALS

        A.    FPG executed and delivered to National Title Company, a Nevada
corporation, as trustee ("Trustee"), for the benefit of Beneficiary, a Deed of
Trust with Assignment of Rents and Fixture Filing dated August 24, 2001 ("Deed
of Trust"), affecting the real property described in Exhibit "A" attached hereto
and incorporated herein by reference (the "Land"). The Deed of Trust was
recorded on August 24, 2001, in Book 20010824, as Instrument No. 01135, in the
Clark County, Nevada Recorder's Office.

        B.    The Deed of Trust secures the obligations of FPG under that
certain Indenture dated as of August 24, 2001 ("Indenture").

        C.    FPG, along with Herbst Gaming, Inc., a Nevada corporation ("Herbst
Gaming") and other subsidiaries of Herbst Gaming and the Beneficiary have
executed and delivered the First Supplemental Indenture dated as of August 23,
2002 ("Supplemental Indenture"), for the purposes of amending certain terms and
provisions of the Deed of Trust and other Collateral Documents, (defined in the
Indenture) to clarify and correct certain collateral descriptions contained in
the Deed of Trust and other Collateral Documents.

        D.    The parties hereto desire to execute, deliver and record this
First Amendment in order to clarify and correct the collateral description
contained in the Deed of Trust.

        NOW, THEREFORE, pursuant to the foregoing FPG and Beneficiary hereby
agree as follows.

1.    AMENDMENTS

        The following shall be added to the last paragraph of Section 2.01:

        1.1.  Notwithstanding the foregoing provisions of this Section 2.01,
such grant of security interest shall not extend to and as the term "Collateral"
shall not include any items of furniture, fixture or equipment from time to time
located in or affixed to, or used in the Terrible's Hotel & Casino, in Las
Vegas, Nevada.

2.    EFFECT OF AMENDMENTS

        2.1.  Other than as set forth in Section 1, this First Amendment in no
way acts as a release or relinquishment of, and in no way affects the liens,
security interests and rights created by or arising under the Deed of Trust, or
the priority thereof; and FPG and Beneficiary jointly affirm, reaffirm and agree
that the Deed of Trust secures the full performance of each and every obligation
secured by the Deed of Trust, and continues to be effective as, and to
constitute, a lien and charge on the Property to the full extent of all
obligations secured thereby (other than as set forth in Section 1).

        2.2.  This First Amendment shall not prejudice any present or future
rights, remedies, benefits or powers belonging or accruing to Beneficiary or
Trustee under the terms of the Deed of Trust, and

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without limitation of the foregoing, Beneficiary reserves all rights which it
has against Herbst Gaming or any guarantor, including, but not limited to, FPG.

        2.3.  In the event of any conflict between the terms of the Deed of
Trust and the provisions of this First Amendment, the terms of this First
Amendment shall control. This First Amendment shall be deemed to form a part of
the Deed of Trust, and except as specifically amended herein, the terms of the
Deed of Trust shall remain unaffected and unchanged by reason of the amendments
described herein.

        2.4.  The execution and/or acceptance of this First Amendment by
Beneficiary shall not be deemed or construed as (i) a novation or an accord or
satisfaction of any of Herbst Gaming's duties, obligations and liabilities
contained in the Indenture or the Collateral Documents; (ii) a waiver,
modification, restriction or limitation of any and all of Beneficiary's rights
and benefits arising under the Indenture or the Collateral Documents by
operation or law, or otherwise, to demand full, complete and strict performance
of the duties, obligations and liabilities contained in the Indenture or the
Collateral Documents, as amended; or (iii) a precedent, and that Beneficiary
shall be under no obligation, express or implied, to grant FPG any future or
further modifications and/or amendments to any or all of the Indenture or
Collateral Documents.

3.    HEIRS, SUCCESSORS AND ASSIGNS

        All covenants and agreements contained in this First Amendment, by or on
behalf of FPG or Beneficiary shall bind and inure to the benefit of their
respective heirs, successors and assigns, whether so expressed or not.

4.    HEADINGS

        The headings of the articles, sections, paragraphs and subdivisions of
this First Amendment are for convenience of reference only, are not to be
considered a part hereof, and shall not limit or expand or otherwise affect any
of the terms hereof.

5.    GOVERNING LAW

        This First Amendment is made by FPG and accepted by Beneficiary in the
State of Nevada, under the laws of such state and shall be construed,
interpreted, enforced and governed by and in accordance with the laws of such
state.

6.    CONTEXT

        In this First Amendment, whenever the context so requires, the neuter
includes the masculine and feminine, and the singular includes the plural, and
vice versa.

7.    INTERPRETATION

        As used in this First Amendment, unless the context clearly required
otherwise: The Terms "herein" or "hereunder" and similar terms without reference
to a particular shall refer to the entire First Amendment and not just to the
paragraph in which such terms appear; the term "lien" shall also mean a security
interest, and the term "security interest" shall also mean a lien.

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        IN WITNESS WHEREOF, SFH and Beneficiary have executed this First
Amendment to Deed of Trust as of the day and year first above written.

    "TRUSTOR"
 
 
 
      FLAMINGO PARADISE GAMING, LLC, a Nevada limited liability company
 
 
 
      By: /s/  EDWARD J. HERBST      

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Manager
 
 
 
      "BENEFICIARY"
 
 
 
      THE BANK OF NEW YORK, a New York Banking corporation
 
 
 
      By: /s/  STACEY B. POINDEXTER      

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    Its: Assistant Treasurer        

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STATE OF NEVADA                )
COUNTY OF CLARK                )   ss.

        This instrument was acknowledged before me on July 17, 2002 by Edward
Herbst, as Manager of Flamingo Paradise Gaming, LLC, a Nevada limited liability
company.

    /s/  DEBRA G. MARTIN      

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Notary Public
 
 
 

STATE OF NEW YORK            )
COUNTY OF NEW YORK        )   ss.

        This instrument was acknowledged before me on August 23, 2002 by Stacey
Poindexter, as Assistant Treasurer of The Bank of New York, a New York banking
corporation.

    /s/  IRENE SIEGEL      

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Notary Public

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EXHIBIT A

LEGAL DESCRIPTION OF REAL PROPERTY

The land referred to herein is situated in the State of Nevada, County of Clark
and is described as follows:

That portion of the Northwest Quarter (NW1/4) of the Northwest Quarter (NW1/4)
of Section 22, Township 21 South, Range 61 East, M.D. B. & M., described as
follows:

Parcel I, as shown by Parcel Map in File 26 of Parcel Maps, page 26, in the
Office of the County Recorder of Clark County, Nevada.

Subject to a right of way and easement for the benefit of the fee owner of
Parcel 2, as shown by Parcel Map in File 26, page 26, recorded May 30, 1979 as
Document No. 1022111 of Official Records, Clark County, Nevada, over and across
the following described premises:

A strip of land being 25.00 feet in width, 12.50 feet on each side of the
following described centerline:

That portion of the Northwest Quarter (NW1/4) of the Northwest Quarter (NW1/4)
of Section 22, Township 21 South, Range 61 East, M.D.B. & M., Clark County,
Nevada, as described as follows:

Commencing at the Northwest corner of said Section 22;

THENCE South 88o 55' 56" East along the North line thereof, a distance of
1,030.21 feet;

THENCE South 00o 44' 11" East, a distance of 92.64 feet to a point in the
present Southerly right of way line of Flamingo Road, being the TRUE POINT OF
BEGINNING;

THENCE South 00o 44' 11" East, a distance of 576.22 feet to the TRUE POINT OF
ENDING.

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EXHIBIT 10.2

FIRST AMENDMENT TO DEED OF TRUST