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                                                                   EXHIBIT 10.18

$800,000.00                                               Minneapolis, Minnesota
                                                                   June 20, 1996

                                   TERM NOTE

         FOR VALUE RECEIVED, each of the undersigned hereby jointly and
severally promises to pay to the order of BNC NATIONAL BANK OF MINNESOTA (the
"Bank") in the lawful money of the United States of America at its offices at
200 Metropolitan Centre, 333 South Seventh Street, Minneapolis, Minnesota
55402, or at such other place as the Bank may from time to time designate:

         (i)     the principal sum of Eight Hundred Thousand and 00/100
                 ($800,000.00) Dollars, which principal amount shall be due and
                 payable in twenty-three (23) installments of $22,220.00 on the
                 last day of each calendar month commencing on July 31, 1996
                 and one final installment of the remaining principal amount on
                 June 30, 1998; plus

         (ii)    interest on the unpaid principal amount of this Note from time
                 to time outstanding from the date hereof at a floating rate
                 equal to Two Percent (2.0%) in excess of the Reference Rate
                 (as defined in the Loan Agreement) per annum, calculated on
                 the number of days actually elapsed in a 360-day year, due and
                 payable on the last day of each calendar month, commencing
                 June 30, 1996, and at maturity (whether by acceleration or
                 otherwise).  Principal amounts remaining unpaid after the
                 occurrence of an Event of Default under the Loan Agreement
                 shall bear interest from and after that date in time until
                 paid at a rate of 2% per annum plus the rate otherwise
                 payable.

         This Note is the "Term Note" within the meaning of that certain Loan
Agreement between the undersigned and the Bank of even date herewith (the "Loan
Agreement").  All of the terms and conditions set forth in the Agreement are
hereby incorporated by this reference, including without limitation the right
of holder hereto to accelerate all amounts evidenced by the Note upon the
occurrence of an Event of Default within the meaning of the Agreement.

         This Note has been delivered in the State of Minnesota and shall be
construed and enforced in accordance with the substantive laws thereof.

         Each of the undersigned and all guarantors expressly waive any right
of presentment, demand, protest or notice of protest or notice of dishonor.
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         This Note has been executed by each of the undersigned as co-makers
and not as a surety, accommodation marker or guarantor, and each of the
undersigned hereby expressly waive all claims and defenses, if any, as a
surety, accommodation maker and/or guarantor.

                                               CONCORDE GAMING CORPORATION, a 
                                               Colorado corporation


                                               By         
                                                 ------------------------------
                                                    Its                        
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                                               CONCORDE GAMING OF SOUTH DAKOTA,
                                               INC., a South Dakota corporation

                                               By           
                                                 ------------------------------
                                                    Its 
                                                       ------------------------

Witness:

                                           
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