- Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: November 30, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

HG Vora Capital Management, LLC

2. Date of Event Requiring Statement (MM/DD/YYYY) 3/14/2012

3. Issuer Name and Ticker or Trading Symbol

Great Wolf Resorts, Inc. [WOLF]

(Last) (First) (Middle)

870 SEVENTH AVENUE, SECOND FLOOR

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director ___ X ___ 10% Owner
_____ Officer (give title below) _____ Other (specify below)

(Street)

NEW YORK, NY 10019

(City) (State) (Zip)

5. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	4000000	I	See Footnote ⁽¹⁾ ⁽²⁾

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:
( 1)	These securities are directly held by HG Vora Special Opportunities Master Fund, Ltd. (the "Fund"). HG Vora Capital Management, LLC ("HG Vora") and Parag Vora may be deemed to, indirectly, beneficially own the securities directly held by the Fund. See Footnote 2.
( 2)	These securities are held in the account of the Fund for which HG Vora serves as investment advisor. Parag Vora is the managing member of HG Vora. HG Vora and Parag Vora may be deemed to, indirectly, beneficially own the securities held by the Fund by virtue of HG Vora's position as investment advisor of the Fund and Parag Vora's status as managing member of HG Vora. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), or for any other purpose. The Reporting Persons affirmatively disclaim being a "group" for purposes of Section 16.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
HG Vora Capital Management, LLC 870 SEVENTH AVENUE SECOND FLOOR NEW YORK, NY 10019		X
HG Vora Special Opportunities Master Fund, Ltd. 870 SEVENTH AVENUE SECOND FLOOR NEW YORK, NY 10019		X
Vora Parag 870 SEVENTH AVENUE SECOND FLOOR NEW YORK, NY 10019		X

Signatures
By: HG Vora Capital Managment, LLC, By: /s/ Parag Vora, Managing Member		3/15/2012
^** Signature of Reporting Person		Date
By: HG Vora Special Opportunities Master Fund, Ltd, By: /s/ Parag Vora, Director		3/15/2012
^** Signature of Reporting Person		Date
By: /s/ Parag Vora		3/15/2012
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.