Below is the text of a story on Santa Fe Gaming and its possible bankruptcy filing. Note that the story was dated last Friday.

LAS VEGAS, Nov 27 (Reuters) - Santa Fe Gaming Corp. said Friday it may have to seek bankruptcy protection due to the bankruptcy of its Pioneer Finance Corp. subsidiary.

The company also said it has been told by the American Stock Exchange that its shares do not satisfy listing guidelines for the exchange.

The Pioneer Finance unit is currently in bankruptcy proceedings, and the company said this could force the Pioneer Hotel Inc. unit, or the company as a whole, to seek bankruptcy protection as well. As part of Pioneer Finance's agreement with its noteholders, Santa Fe has agreed to provide collateral on the previously unsecured debt.

The possible delisting applies to both the common and preferred shares. The company, a Las Vegas-based operator of hotels and casinos, said there is no assurance the shares will continue to be listed.

The common shares were down 1/16, at 9/16, in early trade on the American Stock Exchange.

Pioneer Finance said holders of $45.8 million principal amount, or 76.4 percent, of its outstanding 13-1/2 percent first mortgage bonds have agreed to vote for its bankruptcy reorganization plan.

The noteholders agreed to wait until Dec. 15, 2000 before taking actions in response to Pioneer's failure to pay the principal and interest on the notes as of their Dec. 1, 1998 maturity, the company said.

Pioneer Finance will buy $6.5 million principal amount of the notes, plus accrued interest, from consenting holders on a pro rata basis, and buy a similar percentage of notes from non-consenting holders after its reorganization plan is completed.