UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Date of Report (Date of earliest event reported):     February 28, 2006

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

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

       On February 28, 2006, Global Casinos, Inc. (the "Company") entered into an Organization Agreement with Joseph Kon ("Kon") pursuant to which the Company and Kon agreed to form and organize a limited liability company under the name Global Gaming Technologies, LLC ("GGT"). Under the terms of the Organization Agreement, Kon agreed to contribute to GGT all of his intellectual property rights related to two games of poker which he individually developed. The games have initially been named Flash Poker™ and Russian Roulette™. Global Casinos, Inc. has agreed to make a cash capital contribution to GGT of $100,000, for which it will initially receive a 25% equity interest in GGT. At the Company's election, the Company may make an additional $100,000 cash capital contribution to GGT for which it will receive an additional 25% equity interest. It is anticipated that the initial cash contribution will be used to further develop the two games and to investigate possible patent protection.

      At the present time, both games are still under development and neither has been approved for use in any gaming jurisdiction.

       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.