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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001181431-05-018364.txt : 20050323
<SEC-HEADER>0001181431-05-018364.hdr.sgml : 20050323
<ACCEPTANCE-DATETIME>20050323173456
ACCESSION NUMBER:		0001181431-05-018364
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050321
FILED AS OF DATE:		20050323
DATE AS OF CHANGE:		20050323

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPORTS ENTERTAINMENT ENTERPRISES INC
		CENTRAL INDEX KEY:			0000793044
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940]
		IRS NUMBER:				841034868
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		6730 LAS VEGAS BOULEVARD
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89119
		BUSINESS PHONE:		7027987777

	MAIL ADDRESS:	
		STREET 1:		53

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LAS VEGAS DISCOUNT GOLF & TENNIS INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LAGUNA CAPITAL CORP
		DATE OF NAME CHANGE:	19890123

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LA JOLLA CAPITAL CORP
		DATE OF NAME CHANGE:	19860526

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HUFF WILLIAM R
		CENTRAL INDEX KEY:			0001125885

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-17436
		FILM NUMBER:		05699932

	BUSINESS ADDRESS:	
		STREET 1:		67 PARK PLACE
		CITY:			MORRISTOWN
		STATE:			NJ
		ZIP:			20170
		BUSINESS PHONE:		7036396000

	MAIL ADDRESS:	
		STREET 1:		67 PARK PLACE
		CITY:			MORRISTOWN
		STATE:			NJ
		ZIP:			07960
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd73460.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-03-21</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000793044</issuerCik>
        <issuerName>SPORTS ENTERTAINMENT ENTERPRISES INC</issuerName>
        <issuerTradingSymbol>SPEA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001125885</rptOwnerCik>
            <rptOwnerName>HUFF WILLIAM R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1></rptOwnerStreet1>
            <rptOwnerStreet2>67 PARK PLACE</rptOwnerStreet2>
            <rptOwnerCity>MORRISTOWN</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07960</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2005-03-21</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>6053530</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>7.1773</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>14366500</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Refer footnote</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Series A Convertible Redeemable Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>7.1773</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2005-03-21</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2172400</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>7.1773</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2005-02-07</value>
            </exerciseDate>
            <expirationDate>
                <value>2013-02-07</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>6053530</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Previously held by the Huff Entities as described in footnote</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">William R. Huff disclaims beneficial ownership over these securities except to the extent of his direct or indirect pecuniary interest in The Huff Alternative Fund, L.P. and one of its affiliated limited partnerships (together, the &quot;Huff Entities&quot;).</footnote>
        <footnote id="F2">Held of record by the Huff Entities.  Mr. Huff possesses sole power to vote and direct the disposition of all securities of Sports Entertainment Enterprises, Inc. (the &quot;Company&quot;) held by the Huff Entities, subject to certain internal screening and other securities law compliance procedures of the Huff Entities.  The Huff Entities have in place appropriate internal screening procedures and other securities law compliance policies that from time to time require Mr. Huff to delegate to one or more employees of the Huff Entities transaction and/or securities disposition authority with respect to certain entities, including the Company.  All such employees serve under the ultimate direction, control and authority of Mr. Huff.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Bryan E. Bloom, Attorney-in-Fact for William R. Huff</signatureName>
        <signatureDate>2005-03-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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