Rule 424(b)(3)
Registration Statement 333-96667
PROSPECTUS SUPPLEMENT
DATED APRIL 11, 2003
TO
PROSPECTUS DATED JULY 30, 2002
_______________________________________
ALPHA HOSPITALITY CORPORATION
_______________________________________
This Prospectus Supplement, dated April 11, 2003 (the
"Supplement"), supplements that certain Prospectus dated July 30,
2002, as supplemented by that certain prospectus supplement dated
January 27, 2003 (the "Prospectus"), and should be read in
conjunction with such Prospectus.
SELLING STOCKHOLDERS
New York Gaming, L.L.C. is hereby removed from the "Selling
Stockholders" table and the parties listed below are hereby
inserted in its place. The information with respect to each of
these substitute parties is as of April 11, 2003.
Name Number of Number of Number of Percentag
Shares Shares Shares e of
Beneficia Being Beneficia Outstandi
lly Owned Offered lly Owned ng common
Prior to After stock
Offering Offering After
Offering
Robert A. Berman(1) 3,068,901 389,527 2,679,374 49.3%
(2)
The Berman Family 12,272 12,272 -- --
Trust(3)
Debbie N. Berman(4) 4,090 4,090 -- --
Scott A. 301,129(6) 1,440 299,689 5.5%
Kaniewski(5)
Kaniewski Family 28,506 28,506 -- --
Limited
Partnership(7)
KFP Trust(8) 34,552 34,552 -- --
Paul deBary(9) 61,103(10) 17,103 44,000 *
______________
* less than 1%
(1) Robert A. Berman has served as a director and Chief
Executive Officer of Alpha since February 2002.
(2) Consists 298,189 shares issuable upon the exercise of
options, 2,326,857 shares owned by Bryanston Group, Inc.
("Bryanston") and 66,000 shares owned by Beatrice Tollman (with
respect to such shares owned by Bryanston and Beatrice Tollman,
Robert A. Berman has exclusive voting rights for a three year
period). Robert A. Berman disclaims beneficial ownership of any
shares owned by Bryanston and Beatrice Tollman for any purpose
other than voting.
(3) Debbie N. Berman, the wife of Robert A. Berman and Philip
Berman, the brother of Robert A. Berman, are co-trustees for the
Berman Family Trust.
(4) Debbie N. Berman is the wife of Robert A. Berman.
(5) Scott A. Kaniewski has served as a director of Alpha since
February 2002 and the Chief Financial Officer of Alpha since May
2002.
(6) Consists of 299,689 shares issuable upon the exercise of
options.
(7) Scott Kaniewski is the general partner and a 1% limited
partner (with respect to which Mr. Kaniewski has sole voting and
disposition rights) of the Kaniewski Family Limited Partnership.
(8) Stacey B. Kaniewski, the wife of Scott A. Kaniewski is the
sole trustee of the KFP Trust, with sole power to vote or direct
the vote and sole power to dispose or direct the disposition of
these shares.
(9) Paul deBary has served as a director of Alpha since March
2002.
(10) Includes 19,000 shares of common stock issuable upon the
exercise of options granted to Paul deBary, all of which options
are currently exercisable.
All provisions of the Prospectus not specifically amended by
this Supplement remain in full force and effect.
Please insert this Supplement into your Prospectus and
retain both this Supplement and the Prospectus for future
reference. If you would like to receive a copy of the Prospectus
please write to Alpha Hospitality Corporation's Corporate
Secretary at 707 Skokie Boulevard, Suite 600, Northbrook, IL
60062 or call (847) 418-3804.