SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: August 29, 2002 ALPHA HOSPITALITY CORPORATION (Exact Name of Registrant as Specified in Charter) Delaware 1-12522 13-3714474 (State or other jurisdiction (Commission File No.) (IRS Employer of incorporation) Identification No.) 707 Skokie Boulevard, Suite 600, Northbrook, Illinois 60062 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (847) 418-3804 ALPHA HOSPITALITY CORPORATION INDEX Item 7. Financial Statements and Exhibits 3 Item 9. Regulation FD Disclosure 3 Signature 4 ITEM 7. EXHIBITS. (c) Exhibits 99.1 Press Release dated August 29, 2002 ITEM 9. REGULATION FD DISCLOSURE On August 29, 2002, Alpha Hospitality Corporation issued a press release with respect to Catskill Development LLC intending to engage an investment banker to explore its strategic alternatives with regards to the Monticello Raceway. SIGNATURES 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. Dated: August 29, 2002 ALPHA HOSPITALITY CORPORATION (Registrant) By: /s/ Scott A. Kaniewski Scott A. Kaniewski Chief Financial Officer EXHIBIT 99.1 [LETTERHEAD OF ALPHA HOSPITALITY CORPORATION] Contact: Scott A. Kaniewski Chief Financial Officer (847) 418-3804 NORTHBROOK, IL - August 29, 2002 -- Alpha Hospitality Corporation (NASDAQ and BSE: ALHY) ("Alpha") announced that it has been notified by Catskill Development, LLC ("Catskill") that Catskill intends to engage an investment banker to explore its strategic alternatives with regards to the Monticello Raceway in Monticello, New York. Alpha intends to continue reviewing its alternatives to maximize the value of its assets. To the extent the content of this press release includes forward- looking statements, they involve risks and uncertainties that are described from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company wishes to caution readers not to place undue reliance on such forward- looking statements, which statements are made pursuant to the Private Securities Litigation Reform Act of 1994, and as such, speak only of the date made. ###