FITZGERALDS GAMING CORP
EXHIBIT 10.3
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<TYPE>EX-10.3
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<DESCRIPTION>EXHIBIT 10.3
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<P align="right"><FONT face="Times New Roman" size="2">EXHIBIT 10.3
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<P align="left"><FONT size="2">&#091;GORDAN &#038; SILVER, LTD. LETTERHEAD&#093;
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<P align="left"><FONT size="2">GORDAN &#038; SILVER, LTD.<BR>
GERALD M. GORDAN, ESQ.<BR>
Nevada Bar No.&nbsp;229<BR>
WILLIAM M. NOALL, ESQ.<BR>
Nevada Bar No.&nbsp;3549<BR>
THOMAS H. FELL, ESQ.<BR>
Nevada Bar No.&nbsp;3717<BR>
3960 Howard Hughes Pkwy, 9th Floor<BR>
Las Vegas, Nevada 89109<BR>
Telephone (702)&nbsp;796-5555<BR>
Facsimile (702)&nbsp;369-2666<BR>
E-mail wmn@gordonsilver.com<BR>&nbsp;&nbsp;&nbsp;&nbsp;Attorneys
for Debtors
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<P align="center"><FONT size="2">UNITED STATES BANKRUPTCY COURT<BR>
DISTRICT OF NEVADA</FONT>

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<P align="left"><FONT size="2">In re</FONT>

<P align="left"><FONT size="2">FITZGERALDS GAMING<BR>
CORPORATION, a Nevada corporation,
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<P align="center"><FONT size="2">Debtor.</FONT>

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    <TD valign="top"><FONT size="2"><FONT face="wingdings">o</FONT> Affects this Debtor,<BR>
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/</FONT></TD>
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    <TD valign="top"><FONT size="2"><FONT face="wingdings">x</FONT> Affects all Debtors,<BR>
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/</FONT></TD>
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    <TD valign="top"><FONT size="2"><FONT face="wingdings">o</FONT> Affects FITZGERALDS SOUTH, INC.,<br>
a Nevada corporation,
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/</FONT></TD>
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    <TD valign="top"><FONT size="2"><FONT face="wingdings">o</FONT> Affects FITZGERALDS RENO, INC.,<br>
a Nevada corporation,
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/</FONT></TD>
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    <TD valign="top"><FONT size="2"><FONT face="wingdings">o</FONT> Affects FITZGERALDS INCORPORATED,<br>
a Nevada corporation,<BR>
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/</FONT></TD>
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    <TD valign="top"><FONT size="2"><FONT face="wingdings">o</FONT> Affects FITZGERALDS LAS VEGAS, INC.,<br>
a Nevada corporation,
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    <TD><FONT size="2">&nbsp;</FONT></TD>
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/</FONT></TD>
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    <TD valign="top"><FONT size="2"><FONT face="wingdings">o</FONT> Affects FITZGERALDS MISSISSIPPI, INC.,<br>
a Mississippi corporation,
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/</FONT></TD>
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    <TD valign="top"><FONT size="2"><FONT face="wingdings">o</FONT> Affects FITZGERALDS BLACK HAWK,<br>
INC., a Nevada corporation,
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/</FONT></TD>
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    <TD valign="top"><FONT size="2"><FONT face="wingdings">o</FONT> Affects FITZGERALDS BLACK HAWK II,<br>
Inc., a Colorado corporation,
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/</FONT></TD>
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    <TD valign="top"><FONT size="2"><FONT face="wingdings">o</FONT> Affects 101 MAIN STREET LIMITED<br>
LIABILITY COMPANY, a Colorado limited<br>
liability company,<BR>
<HR align="left" size="1" width="95%" noshade></FONT></TD>
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/</FONT></TD>
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    <TD valign="top"><FONT size="2"><FONT face="wingdings">o</FONT> Affects FITZGERALDS FREMONT<br>
EXPERIENCE CORPORATION,<br>
a Nevada corporation,<BR>
<HR align="left" size="1" width="95%" noshade></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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/</FONT></TD>
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<P align="left"><FONT size="2">Case No.&nbsp;BK-N-00-33467-GWZ Chapter&nbsp;11<BR>
Jointly Administered With:<BR>
BK-N-00-33468 (Fitzgeralds South, Inc.)<BR>
BK-N-00-33469 (Fitzgeralds Reno, Inc.)<BR>
BK-N-00-33470 (Fitzgeralds, Inc.)<BR>
BK-N-00-33471 (Fitzgeralds Las Vegas, Inc.)<BR>
BK-N-00-33472 (Fitzgeralds Mississippi, Inc.)<BR>
BK-N-00-33473 (Fitzgeralds Black Hawk, Inc.)<BR>
BK-N-00-33474 (Fitzgeralds Black Hawk II, Inc.)<BR>
BK-N-00-33475 (101 Main Street LLC)<BR>
BK-N-00-33476 (Fitzgeralds Fremont Experience Corp.)
</FONT>
<P align="left"><FONT size="2">&nbsp;
</FONT>
<P align="left"><FONT size="2">ORDER (1)&nbsp;APPROVING ADEQUACY OF DISCLOSURES<BR>
IN DEBTORS&#146; DISCLOSURE STATEMENT, (2)&nbsp;SETTING<BR>
DEADLINES FOR BALLOTING AND OPPOSING<BR>
CONFIRMATION OF DEBTORS&#146; PLAN OF REORGANIZATION<BR>
AND (3)&nbsp;SETTING CONFIRMATION HEARING; NOTICE<BR>
OF CONFIRMATION HEARING
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<P align="left"><FONT size="2">&nbsp;
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<P align="left"><FONT size="2">&nbsp;
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<P align="left"><FONT size="2">&nbsp;
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<P align="left"><FONT size="2">&nbsp;
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<P align="left"><FONT size="2">Date:&nbsp;&nbsp;December&nbsp;2, 2002<BR>
Time:&nbsp;&nbsp;10:00&nbsp;a.m.
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February&nbsp;10, 2003</FONT></TD>
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    <TD valign="top"><FONT size="2">Confirmation Hearing Time:</FONT></TD>
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2:00 p.m.</FONT></TD>
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    <TD valign="top"><FONT size="2">Place of Confirmation Hearing:</FONT></TD>
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300 Booth Street<br>
Reno, NV 89509</FONT></TD>
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debtor&#146;s Motion for Order (1)&nbsp;Approving Adequacy of Disclosures in Debtors&#146;
Disclosure Statement, and (2)&nbsp;Setting Deadlines for Balloting and Opposing
Confirmation of Debtors&#146; Plan of Reorganization (the &#147;Motion&#148;) was heard and
considered by the above-captioned Court on December&nbsp;2, 2002, at 10:00&nbsp;a.m.
Thomas H. Fell, Esq., of the law firm of Gordon &#038; Silver, Ltd., appeared on
behalf of Debtors. All other parties&#146; appearances are noted in the record of the
proceeding.
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Court considered the Motion, the Amendment to Exhibit &#147;1&#148; to the
Motion for Order (1)&nbsp;Approving Adequacy of Disclosures in Debtors&#146; Disclosure
Statement, and (2)&nbsp;Setting Deadlines for Balloting and Opposing Confirmation of
Debtors&#146; Plan of Reorganization, the papers and pleadings in the Court&#146;s file
and the arguments presented at the time of the hearing. Good cause appearing
therefore;
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IT IS ORDERED, ADJUDGED AND DECREED AS FOLLOWS:
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Motion is granted in its entirety.
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Disclosure Statement to Accompany Debtors&#146; First Amended
Plan Of Reorganization (&#147;Disclosure Statement&#148;) is approved and found to
satisfy the requirements of 11 U.S.C. sec. 1125 and LR 3016.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Pursuant to Fed. R. Bankr. P. 3017(d), Debtors shall serve on
all parties-in-interest to the party&#146;s last known address: (i)&nbsp;a CD-ROM
containing the Disclosure Statement and Debtors&#146; First Amended Plan Of
Reorganization (&#147;Plan&#148;), (ii)&nbsp;a copy of this Order, (iii)&nbsp;a copy of a Ballot
(using the Official Form), but only on creditors allowed to vote on the Plan,
and (iv)&nbsp;a letter advising that a printed copy of the Disclosure Statement and
the Plan may be obtained on request given to Debtors&#146; counsel.
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<P align="center"><FONT size="2">2</FONT>
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Pursuant to Fed. R. Bankr. P. 3017(c), February&nbsp;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.
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Debtors shall file a ballot summary on or before February&nbsp;6,
2003.
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. The Confirmation Hearing for Debtors&#146; Plan shall take place at
the United States Bankruptcy Court for the District of Nevada, 300 Booth
Street, Reno, Nevada, 89509, on February&nbsp;10, 2003, at 2:00 p.m.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. The deadline to file and serve objections to confirmation of the
Plan shall be January&nbsp;31, 2003.
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. The Court shall issue such further orders as are necessary to
carry out this Order.
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DATED this 24 day of December, 2002.
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GREGG W. ZIVE</FONT></TD>
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UNITED STATES BANKRUPTCY JUDGE</FONT></TD>
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    <TD colspan="3" valign="top" align="left"><FONT size="2">Prepared and Submitted by:</FONT></TD>
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    <TD colspan="3" valign="top" align="left"><FONT size="2">GORDON &#038; SILVER, LTD.</FONT></TD>
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    <TD valign="top"><FONT size="2">By:</FONT></TD>
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/s/ Illegible</FONT></TD>
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GERALD M. GORDON, ESQ.<br>
WILLIAM M. NOALL, ESQ.<br>
THOMAS H. FELL, ESQ.<br>
3960 Howard Hughes Pkwy, 9th Floor<br>
Las Vegas, Nevada 89109<br>
Attorneys for Debtors</FONT></TD>
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    <TD colspan="3" valign="top" align="left"><FONT size="2">APPROVED/DISAPPROVED</FONT></TD>
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    <TD colspan="3" valign="top" align="left"><FONT size="2">HALE LANE PEEK DENNISON<br>
HOWARD &#038; ANDERSON</FONT></TD>
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    <TD valign="top"><FONT size="2">By:</FONT></TD>
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/s/ PAULINE NG LEE</FONT></TD>
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PAULINE NG LEE, ESQ.<br>
Nevada Bar No.&nbsp;6392<br>
2300 West Sahara Ave., Ste. 800<br>
Las Vegas, NV 89102<br>
Attorneys for Scout Development Corp.</FONT></TD>
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