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Casino Industry Discussion

Discussion in 'The Archives' started by mary, May 20, 2001.

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    May 20, 2001
  1. mary

    mary Dormant account

    Global Gaming Expo Oct 1-3 Las Vegas
    Las Vegas Convention Center

    You must register/login in order to see the link.

    Registration for the showfloor only is free.

    Phone: (800) 388-8002
    (312) 527-7300
    Fax: (312) 329-9513
    Email: This email is not visible to you.


    A.C. Coin & Slot Service Co 4601
    Able Card Corporation 1109
    ABLOY SECURITY INC. 1615
    Acres Gaming 1535
    Action Packed Gaming Products 1411
    Advanced Metal Concepts 1112
    Advertising Edge 1616
    Ainsworth Game Technology Ltd. 1125
    Air-Rac Systems Inc. 5356
    Allegheny Plastics 1510
    Anchor Games 2307,2407,2507,2607
    Arborite, Inc. 1463
    Ardent Gaming Inc 5058
    Aristocrat Technologies 4201
    Arthur Andersen LLP 1044
    Asahi Seiko USA Inc 4941
    ASIS 1503
    Asociacion Latinamericana de Juegos de Azar(ALAJA) 1455
    Astro Systems Inc 6307, 6407
    Atronic 4823
    Avva Corporation 4949
    B & D Signs 4656
    Bally Gaming &Systems 4419
    Baton Lock & Hardware Co., Inc. 1051
    Beat The House 1545
    Beemak Plastics 1350
    Belgium Gaming Technology 5056
    BestCo 1334
    Biometrica Systems Inc 1509
    BMM North America 1348
    Braunson Gaming, Inc. 1212
    Brill Hygienic Products, Inc. 1009
    Brown Manufacturing 6400
    Cadillac Jack, Inc 1035
    Capco Enterprises Inc. 1637
    Cart America, Inc. 5055
    Carta Mundi .Inc 1114
    Cashcode Company Inc 1025
    Casino Careers Online 1060
    Casino International 1144
    Casino Promote 1315
    Casino Stuff Int 1214
    Casino World 1345
    Casinos de Latinoamerica 1453
    Chartwell Technology Inc. 1213
    Chipco International 5423
    Clarin Inc 1255
    Clean Team Company 1602
    Coast to Coast 1158
    Coin Mechanism, Inc. 4849
    Coinmaster Gaming LTD 5201
    Cold Tap Inc. 1019
    Cole Industries Inc 4439
    Community College of Southern Nevada 1457
    Compton Dancer Consulting 1311
    Contex Corp 4756
    Copag Da Amazonia SA. 1625
    CSI/Coinless Systems, Inc. 1162
    Cummins Allison Corp 5405
    D.E.Q. Casinos Ltd. 4059
    Daktronics 4655
    Digital Sign Graphics 1066
    Directions In Design 1042
    DP Stud Inc 5429
    ECR 1063
    Enefco International, Ltd. 1028
    EnterPrise Magazine 1459
    Experian 1416
    FastFunds 1163
    FortuNet, Inc. 4457
    Fun Industries 6301
    Gage Corporation International 1409
    Gamblers General Store 1145
    Game Craft Inc 1162
    Game Tech International, Inc. 1401
    GameCash 5241
    Games Magazine 1448
    Gaming Industry Observer 1253
    Gaming Laboratories International Inc 1045
    Gaming Systems International 4429
    Gaming Today 1248
    Gary Platt Manufacturing 1148
    Gasser Chair Co. Inc. 4013
    Gemaco Playing Card Co 4251
    Glenview Systems, Inc. 1249
    Global Cash Access 4035
    Global Payment Technologies 5219
    Gold County Realty 1548
    Golden State Gaming 1609
    Greyhound Lines, Inc. 1017
    Grips Systems Inc 4547
    Happ Controls 1266
    Heber Ltd. 1514
    Hemisphere West 1414
    HH Robertson Floor Systems 1012
    Idea Center Signs 4956
    Illinois Lock Company 1215
    Imperial Bank 5411
    Indian Gaming 1456
    Infanti International 1619
    Infinite Peripherals 1164
    Infinium Software 5229
    Innovative Casino Products, LLC 1157
    Interactive solutions Corp 1225
    International Game Technology 2707,2807,2907,3007,3107,3207,3307
    Jani-King 4001
    JCM American Corp 2007
    John Huxley LTD 5043
    Juegos & Negocios 1449
    Kaba High Security Locks Corp 5160
    Kem Plastic Playing Cards Inc 5403
    Key Devices 1053
    KeyTrak, Inc. 1744
    Kiesub Electronics 1004
    Konami Gaming 2207
    Kristel 1262
    Lakeland Company Inc 1644
    Lamplight Farms, Inc. 20905
    Las Vegas Gaming, Inc. 1216
    Lock America,Inc. 4361
    Lodging Management Systems 5233
    Loom Craft 1508
    M&M Publisher's Ltd (Big Game) 1554
    M.E.I. 1308
    M.L.P. Seating Corp 1208

    Company Name Booth # Options
    M.R.Q. Corp. 0
    Masque Publishing/Spanish 21 4358
    Mats Of Colorado 1209
    Medeco Security Locks 1600
    Medi-Rub Corp./ Holly International 1729
    Men's Wearhouse 1111
    Microtouch Systems, Inc. 5417
    Mike Moloney Entertainment LLC 1113
    Mikohn Corporation 4619
    Millennium Displays 5401
    Millennium Gaming Inc. 4755
    Mobile Gaming Solutions 4259
    Money Controls 1263
    Morse Watchmans, Inc. 4257
    MultiMedia Games Inc 4019
    Nanoptix 1011
    Nation Wide Record Search Inc 6201
    Native American Casino 1446
    Neotec Graphic 1618
    New Vision Gaming 5355
    New Wave Automation 1101
    NoPeek 21 6500
    North American Hygiene, Inc. 1413
    North American Training Institute 4357
    Omniprint 1357
    OSBORNE COINAGE CO. 5443
    Outcalt & Associates 1349
    P.T.C. Industries Inc 1201
    PAL 1519
    Paltronics 4239
    PANASONIC INDUSTRIAL CO. 1062
    Par Chaevalier Trading Co 5319
    Paul Steelman Design Group 4539
    Paul-Son Gaming Supplies Inc 4027
    PDS Gaming 1363
    Peripheral Resources, Inc. 1211
    PHI Enterprises, Inc. 1738
    Pinnacle Furnishing Inc 4007
    PitTrak Player Tracking 1108
    Pompeii Furniture Co. 5233
    Powell Cabinet&fixture Co 4060
    PricewaterhouseCoopers 4003
    Prime Table Games LLC 5235
    Pro Shuffle/Summit International 4057
    Progressive Specialty Glass Company, Inc. 1061
    R. Franco 4401
    Raving Consulting Company 1309
    Reldom Corp 4647
    Roger Williams Mint 1057
    SAGSE 1743
    SCA Promotions 1049
    Scan Coin Inc. USA 1152
    Sega Gaming technology 4047
    Seiko Instruments U.s.a.Inc. 1610
    Service Central 4556
    Shift4 Corporation 5156
    Shuffle Master Gaming 5001
    Sierra Design Group 5341
    Sigma Game Inc 4637
    Slot-Tickets.com 1008
    Sparton Electronics 1708
    SportGame Inc 1410
    Standing Stone Gaming 5449
    Starnet Communications Interl 5158
    Starpoint 1515
    Suburban Graphics 1419
    Successories of Missouri 1511
    Summit Ltd. 1424
    Sunkist Graphics Inc 4857
    SynerGeny Inc. 1167
    T.C.S. 4223
    Talent Buyers Network 1245
    TDN Money Systems 1445
    Tech Art 1121
    Technical Systems Testing NA, Inc. 1314
    Tek Visions 1645
    TEKBUILT Gaming 5435
    Telpar, Inc. 1718
    TESA Entry Systems 1608
    The Broadcast Team 1408
    The Bud Jones Company 5019
    The River City Group 1454
    TJ Wholesale Distributors 1015
    TKO Boxing 1351
    Top Line Seating Inc 1030
    Trans Lux Corp 1117
    TRANSACT 1219
    Tripp Plastics 5335
    U.S. Gaming Exporters, Inc. 1415
    Unidesa Gaming 5031
    Unique Enterprises Inc. 1246
    United Metal Technology 1633
    United States Playing Card Co 1501
    University Of Nevada Reno Gaming Mgmt Educat 1119
    V.S.R. Lock Inc 4841
    Vending Data Corp/Casinovations 5227
    W.M.S. Gaming 4801
    Welkom Company 1312
    Wells-Gardner Electronics 4447
    Western Money Systems 1001
    William Michaels Productions 1629
    World Gaming Network 1110
    WYLIE SYSTEMS 1014
    Xpertx Inc 4455
    Zimmermann/Perconta 4747
     
  2. May 20, 2001
  3. mary

    mary Dormant account

    October 17- 19 Las Vegas
    Sands Expo Center

    You must register/login in order to see the link.

    INTERESTED IN SPEAKING OPPORTUNITIES?
    Click here to download the 2001 Seminar Proposal - PDF
    OR CONTACT: Ellen B. Ackerman, Conference Director, Gem Communications at Email: This email is not visible to you.
    Phone: (617)916-5672 Fax: (617)916-5127
    Mail: 37 Columbia Avenue, Newton, MA 02464

    REGISTER NOW Register Online by JULY 31 and SAVE 25%!!!

    REGISTRATION PACKAGES AND PRICES
    (Credit card payment is required to register online.)

    All packages include Exhibits on all 3 days Early Bird
    By Sept. 7 After
    Sept. 7 Groups of 5 or more by Sept. 7 Groups of 5 or more after Sept. 7
    Full Conference (includes WGCE Program
    plus SLOT MGR Institute) (FC) $795 $895 $715 $815
    WGCE Conference (WC) $575 $675 $500 $600
    Slot Manager Institute (SL) $425 $525 n/a n/a
    Keynote Speaker Sessions (KS) $125 n/a n/a n/a
    Exhibits Only (EO) FREE n/a n/a n/a

    IF YOU ARE NOT USING A CREDIT CARD TO PAY please print this and mail it with your payment. DO NOT SEND REGISTRATION FORMS WITHOUT PAYMENT! REGISTRATION FORMS RECEIVED WITHOUT PAYMENT WILL NOT BE PROCESSED.

    GROUP DISCOUNTS
    5 or more Conference registrations from the same organization may register at the above discount rates.

    TO QUALIFY, ALL FORMS MUST BE RECEIVED TOGETHER BY OCTOBER 1. Additional forms received after the group registration has been processed are not eligible for the discount. Group discounts are no longer available after October 1 and do not apply to Slot Manager Institute, Exhibits Only or Keynote Speaker Session packages. To register for Group Discounts, please print this form and fax or mail with payment as indicated on the form.

    Cancellations/Substitutions
    Cancellations must be received in writing by September 28 and are subject to a $100.00 processing fee. After September 28, registration fees are non-refundable. You may substitute another person at anytime by submitting written authorization. Please send written cancellation/substitution notice to: WGCE 2001 c/o Expo Exchange, PO Box 3379, Frederick, MD 21705, USA
    For additional assistance with registration, please contact our customer service department 9 am - 5 pm EST at 301-694-5243.
     
  4. May 20, 2001
  5. mary

    mary Dormant account

    Dueling trade shows is right. World Gaming Congress to get a show floor pass used to cost $$$.
     
  6. Jun 13, 2001
  7. dave_r

    dave_r Dormant account

    This annual report is a MUST READ for all
    gamblers, investors, and casino owners:

    You must register/login in order to see the link.

    You'll see full color photos of the senior management team, the board of directors, even the manager of the Webdollar dept. (Patrick) that Mike interviewed at Casinogazette.com. There's photos of the cust service supervisor in Sweden along with one of the programmers. They list names, addresses, and phone #'s of all offices.

    I was extremely impressed to say the least. This annual report was released in March 2001, and gives away secrets of the industry which only people like Brian C are aware of. Better yet, it spells out, on a silver platter, the underlying formula for being a successful casino software developer. Right in thier mission statement it states thier main goal is to get players paid quickly.

    It explains Boss' ownership of Gold Club Casino, lists out its total profits, and goes into great detail on the Casino.com portal. There are several chapters that explain about thier service/support team, internet security, and employment.

    You must have Adbobe Acrobat of similar program to view this report as it is in PDF format. Also, you need to expand page size to 100% or even 150% and move the frame in center of screen to the very left of screen.
     
    1 person likes this.
  8. Jun 13, 2001
  9. mary

    mary Dormant account

    I agree Dave, there is much of value in this Annual Report. I'm looking forward to the Boss implementation of Sun International's Internet casino.
     
  10. Jun 14, 2001
  11. dave_r

    dave_r Dormant account

    Mary, what a difference between the Annual Report of Cryptologic and Bossmedia. Bossmedia goes into depth about its operations, while Crypto barely brushed the surface. Also, Claude Levy is right about Cryptologic. They've always owned Intercasino, but have always refused to to admit it. First they claimed it was licensed to WWTS, and then to CCHM. Why can't they just come out an admit the truth. Sheeeeeesh. Anyway, I still like Crypto's new software a lot.

    I am considering investing in Bossmedia.
    Its been something I've been thinking about a while, and if I do this, I wonder if they'll still allow me to gamble at thier casinos?
    Its an obvious conflict of interest, but will they they lock out my casino accts just because I had shares of stock in the company?
     
  12. Jun 14, 2001
  13. mary

    mary Dormant account

    That's exactly what is keeping me from buying any CRYP--I don't think any Nevada operator will go with them becuase of WWTS. But, what do I know, Station Casinos is partnering with Online Gaming Systems for Gamecast Live.

    I don't know what's with the Nevada operators going with crapola software providers.

    I don't see any reason why you can't play in a casino and be a shareholder too. They should be happy you're that confident of the gamble!
     
  14. Jun 14, 2001
  15. mary

    mary Dormant account

    This is the kind of quotation that really makes me wonder about these people:

    "A newly formed subsidiary of Station Casinos will offer a computerized, in-room gambling system that it will market to competing casino companies and could pave the way for the company's entry into online gambling.

    The company has formed a separate firm to market the technology through its GameCast Live LLC, which will target cruise ships and tribal casinos.

    "A hotel guest will be able to sit in his room or out by the pool and play a real game, not a virtual game like those offered on Internet casino sites," Station Casinos Chief Financial Officer Glenn Christenson said Wednesday. "

    How is the RNG in a standalone slot machine more real than the RNG in an internet server? It can't be getting reality vibrations from Las Vegas. Or maybe all the slot machines in Las Vegas suck reality particles from their surroundings so they become more real than average, and the rest of Vegas becomes less real. That must be it!
     
  16. Jun 17, 2001
  17. mary

    mary Dormant account

    I think Fred Faust's article on rgtonline.com makes it pretty clear that Nevada isn't interested in cutting any slack for the current operators and suppliers:

    You must register/login in order to see the link.

    and notice the emphasis in this press releasea bout approaching software generators who are *not* already in the industry:

    Friday June 15, 8:23 pm Eastern Time
    Press Release
    SOURCE: Interactive Gaming Institute of Nevada
    Regulated Casino Industry Meets Interactive Gaming; Historic Expo and Conference Scheduled for September 26-28, 2001
    LAS VEGAS, June 15 /PRNewswire/ -- Following Nevada Governor Guinn's signing of a bill legalizing Internet gaming, the Interactive Gaming Institute of Nevada (IGI) announced today that, for the first time, traditionally licensed gaming will embrace Internet gaming at the ``Interactive Gaming Exposition and Conference'' scheduled for September 26-28 at the Bellagio Hotel in Las Vegas.

    Keynote speakers already committed to appear at the September conference include Brian Sandoval, Chairman, Nevada Gaming Commission; Christie Hefner, Chairman and CEO, Playboy Enterprises, Inc., which operates PlayboySportsBook.com; and Phillip Muhl, Senior Vice President/Business and Legal Affairs for Disney, who will discuss their new venture, skillgames.com.

    Las Vegas Attorney Anthony Cabot, an internationally recognized authority on the legal and regulatory issues involving Internet gaming, will be chairman of the conference. Cabot heads the gaming law practice of the Nevada law firm, Lionel Sawyer & Collins, which has the largest such practice in the nation.

    Founded in March 2001, IGI was officially launched last week after the passage of a bill by the Nevada Legislature that included provisions allowing the Nevada Gaming Commission to develop a process for the approval of interactive gaming applications.

    ``We formed IGI to serve as a bridge between the gaming licensees in Nevada who will be eligible to apply for an interactive gaming license, and the technology companies who have the capability to make the licensee's plans a reality,'' said Richard Fitzpatrick, CEO of IGI.

    ``This historic conference is the first step in bringing together these two unique, diverse groups so they can pursue the most significant new gaming opportunity in decades,'' Fitzpatrick said.

    The Interactive Gaming Exposition and Conference will include presentations by key decision makers, panel discussions that explore a variety of perspectives on technology and regulatory issues, and a series of in-depth workshops that look at some of these complex topics.

    At the conference, Marc Falcone of Bear Stearns & Co. Inc., will oversee an investor showcase where presidents, CEOs and CFOs will have the opportunity to explain how the implementation of interactive gaming may affect their publicly-held companies. These corporate presentations will provide attendees, investment analysts and journalists with important, up-to-the-minute information on a wide range of gaming and technology companies, which may be directly affected by Nevada's new law.

    Fitzpatrick sees the Expo portion of the Interactive Gaming Exposition and Conference as being particularly valuable. ``We are actively recruiting high-technology companies who have never considered utilizing their expertise for gaming purposes. A lot of work is already underway by various tech companies to address issues like authentication, server security and location. These firms will have an opportunity to demonstrate the viability of applying their innovations to interactive gaming. This will also offer gaming license holders and the public policy makers who attend our event an opportunity to see, touch and question various technological options,'' he explained.

    On Wednesday, September 26, the Nevada Gaming Commission will hold its regular monthly meeting in Las Vegas. That evening, the Interactive Gaming Exposition and Conference will open, allowing companies to demonstrate their technology. The Expo, Educational Conference and Bear Stearns Corporate Presentations will take place all day on Thursday and until Noon on Friday, September 28.

    IGI was founded by the Internet Business Alliance of Nevada (IBAN), a non-profit, statewide alliance of information technology, networking, communications, and e-commerce businesses and their employees, suppliers and investors. The creation of IGI was announced at a legislative hearing in Carson City, on March 30, 2001.

    More information on IGI and the September Expo and Conference are available at www.IGINevada.com; by e-mailing This email is not visible to you. or by calling (702) 317-0761.

    2001 Interactive Gaming Exposition and Conference is being presented in partnership with Gaming Education Conferences (1300 Nicollet Mall, Suite 3003, Minneapolis, MN, 55403; e-mail: This email is not visible to you., phone: (612) 337-0003).

    For further information please contact Richard Fitzpatrick of Interactive Gaming Institute of Nevada, This email is not visible to you., 702-317-0761; or Pete Codella of Ballard Communications, This email is not visible to you., 702-836-3000, for Interactive Gaming Institute of Nevada.

    SOURCE: Interactive Gaming Institute of Nevada
     
  18. Jun 17, 2001
  19. mary

    mary Dormant account

    From the www.iginevada.com site:

    "A Consumer Confidence Campaign will be ready for deployment once the Nevada Gaming Control Board is prepared to issue licenses for interactive gaming. This multi-media and public relations promotion will develop public recognition via a Seal of Approval emphasizing the importance of only doing business with gaming sites and companies that meet IGI standards and have the State of Nevada's licensure. The campaign that is now being developed will assist Nevada's licensed interactive gaming community to increase international consumer confidence and establish a substantial, needed level of credibility."
     
    1 person likes this.
  20. Jul 6, 2001
  21. mary

    mary Dormant account

    Thursday July 5, 3:26 pm Eastern Time
    Press Release
    CasinoBuilders to be Featured in Investors Daily and TheStockJournal.com
    NEW ORLEANS--(BUSINESS WIRE)--July 5, 2001--CasinoBuilders.com (OTC: PINK SHEET: CSBD) announced that the Company would be featured in Investors Business Daily publication today. The article will be featured in the acquisition section and also on the Investors Business Daily web site, www.investors.com. Billy Robinson, CEO/President also announced that coverage on the company began today at the financial web site, www.thestockjournal.com. Both members of the site and the general public can review a complete overview of the company.

    With the exception of historical information described above, this release includes forward-looking statements made under the `Safe Harbor` provisions of the Private Securities Litigation Reform Act of 1995. These statements involve substantial risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.


    --------------------------------------------------------------------------------
    Contact:

    CasinoBuilders.com, New Orleans
    Billy Robinson, 504/524-5425
    You must register/login in order to see the link.
    You must register/login in order to see the link.
    You must register/login in order to see the link.
    You must register/login in order to see the link.
    You must register/login in order to see the link.
    You must register/login in order to see the link.
     
  22. Jul 6, 2001
  23. mary

    mary Dormant account

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

    ----------------

    FORM 10-SB

    GENERAL FORM FOR REGISTRATION OF SECURITIES OF SMALL BUSINESS ISSUERS UNDER

    SECTION 12(B) OR 12 (G) OF THE SECURITIES EXCHANGE ACT OF 1934

    ----------------

    CASINOBUILDERS.COM, INC.

    (EXACT NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN ITS CHARTER)

    ----------------

    NEVADA 880343834
    (STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
    INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)

    2110 VICKERS DRIVE, SUITE 100
    COLORADO SPRINGS, COLORADO 80918
    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

    1-800-288-7506
    (ISSUER'S TELEPHONE NUMBER)

    ----------------

    SECURITIES TO BE REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:

    Title of Each Class Name of Each Exchange on
    To be so Registered Which Each Class is to be registered
    ------------------- ------------------------------------
    None

    Securities to be registered under Section 12(g) of the Act:

    Common Stock, Par Value $.001 Per Share

    (Title of Class)





    TABLE OF CONTENTS

    Page

    ----
    PART I

    ITEM 1. DESCRIPTION OF BUSINESS............................................
    ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.......... 12
    ITEM 3. DESCRIPTION OF PROPERTY............................................ 14
    ITEM 4. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT..... 14
    ITEM 5. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS....... 16
    ITEM 6. EXECUTIVE COMPENSATION............................................. 18
    ITEM 7. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS..................... 18
    ITEM 8. DESCRIPTION OF SECURITIES.......................................... 19

    PART II

    ITEM 1. MARKET PRICE OF AND DIVIDENDS ON THE REGISTRANT'S COMMON EQUITY
    AND OTHER SHAREHOLDER MATTERS........................................ 21
    ITEM 2. LEGAL PROCEEDINGS.................................................. 22
    ITEM 3. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS...................... 22
    ITEM 4. RECENT SALES OF UNREGISTERED SECURITIES............................ 22

    PART III................................................................ 26
    ITEM 1. INDEX TO EXHIBITS............................................. 26

    PART F/S..................................................................... 27





    PART I

    ITEM 1. DESCRIPTION OF BUSINESS

    Business Development. We were incorporated in the State of Nevada on August 23,
    1995, as Magic Lantern Group, Inc. on July 3, 1996, we sold 1000 shares of our
    stock to each of our three initial officers and directors for a total of
    $1,099.98. On May 13, 1999, we changed our name to CasinoBuilders.com., Inc.


    We have not been involved in any bankruptcy, receivership, or similar
    proceeding. We have not been involved in any material reclassification, merger,
    consolidation, or purchase or sale of a significant amount of assets not in the
    ordinary course of business.

    On March 3, 1998, we underwent a forward stock split on a 30:1 basis, increasing
    the issued and outstanding number of our shares to 4,890,000. We also cancelled
    1,890,000 shares of our common stock resulting in 3,000,000 shares of common
    stock issued and outstanding. This cancellation increased the percentage of the
    Company owned by the remaining shareholders from 60.24% to 100%. On May 13,
    1999, we underwent a forward stock split on a 2:1 basis, resulting in 6,000,000
    shares of our common stock issued and outstanding. Our existing Board of

    Directors resigned and was replaced with current Board Members, Andy Ruppanner
    and Steve Randall.

    Our original business plan was to provide consulting and management services to
    the restaurant, bar, nightclub, and gaming industries in Southern Nevada by
    hiring managers from the casino industry and using their expertise to accomplish
    these objectives. We were not able to raise sufficient funding to pursue these
    objectives and we abandoned our original business plan. From approximately
    August 23, 1995 to approximately May 13, 1999 we conducted no business.

    Our principal place of business is located in Colorado Springs, Colorado. Since
    changing our name, we have focused our efforts on attempting to establish
    agreements with companies that provide various products and services connected
    with the on-line casino business.

    PRODUCTS AND SERVICES
    Our Avatar Casino software product and services, which are all being offered to
    the market consist of the following:

    PRODUCT:

    o Reselling of Avatar Casino Software - Avatar Casino Software enables
    casino operators to offer their Internet casino customers a
    three-dimensional Internet casino environment. Through this software
    Internet casino customers assume the appearance of cartoon like
    characters and travel throughout the Internet casino to engage in the
    following activities:

    o Chatting in a lounge
    o Chatting while playing casino table games for fun such as black
    jack, roulette and Caribbean poker
    o Chatting and betting while playing casino table games.

    WE HAVE NOT BEEN SUCCESSFUL TO DATE IN SELLING THE AVATAR GAMING SOFTWARE. IN
    ORDER TO EXPAND OUR MARKETING EFFORTS RELATED TO THE AVATAR GAMING SOFTWARE, WE
    NOW WILL ALSO OFFER AND SELL THIS SOFTWARE TO THE NON-GAMING INDUSTRY IN A GAME
    FORMAT.

    3


    SERVICES:

    We are now attempting to resell the Avatar gaming software to the Internet
    gaming industry. Lost Boys N.V. located in Amsterdam, The Netherlands developed
    this software. We have exclusive world wide marketing rights for the Lost Boys
    gaming software platform. Software prices will vary by the client, but will
    typically be in the $100,000 to $200,000 range, depending upon the extent of our
    customization of the software on behalf of the customer. We have not been
    successful in selling the Avatar gaming software. In order to expand our
    marketing efforts of the Avatar gaming software, we will also attempt to sell
    this software to the non-gaming industry as a game format.

    IN CONJUNCTION WITH OUR SALE OF THE AVATAR GAMING SOFTWARE, WE OUTSOURCE VARIOUS
    SERVICES. BECAUSE THESE SERVICES ARE SO INTEGRALLY TIED TO OUR SALE OF THE
    AVATAR GAMING SOFTWARE, THE OFFER AND SALE OF THESE SERVICES ARE CONTINGENT UPON
    OUR SUCCESSFUL SALE OF THE AVATAR GAMING SOFTWARE. THE SERVICES ARE AS FOLLOWS:

    o Casino Licensing - We intend to provide, through our agreement with
    Cyberluck Curacao N.V., an apparatus to apply for Internet casino
    licensing in the Netherlands Antilles. Cyberluck Curacao N.V. is
    authorized by the Netherlands Antilles government to designate others
    to operate under their license and supervise Internet gaming
    enterprises. Cyberluck and the Netherlands Antilles government set
    license fees.

    o Hosting/Co-Location Services - We intend to provide casino operators,
    through our agreement with Conet.N.V. website hosting, e-mail, and
    website design services. Our hosting and service fees will vary by
    individual client requirements, however, they will typically range from
    $1,000 to $7,000 monthly.

    o E-Commerce - We intend to provide through our agreement with Global
    Cash N.V., an Internet technology "gateway" connecting service, based
    in Curacao, Netherlands Antilles. This connection enables Internet
    casino customers to establish a gaming account and the Internet casino
    to reach external E-commerce sources and merchant accounts for
    transaction processing. Global Cash processes credit card transactions
    to provide electronic currency credits to customer accounts that can be
    redeemed at the Internet casino operator's establishment. Our revenue
    from these services will be based on a negotiated percentage of each
    transaction.

    o Marketing - We intend to provide direct marketing services to assist
    the Internet casino operator in advertising, development of marketing
    plans, market analysis, target market identification, designing
    Internet advertisements, buying Internet and print advertising space,
    and monitoring effectiveness of advertisements placed. Our consulting
    fees will range from $150 to $400 per hour depending upon the
    complexity of the job or requisite skill level required to complete the
    job.

    o We have an exclusive contract from Fennel Promotions of Atlanta,
    Georgia to market a premier "Loyalty Awards Program," called the
    "E-Players Club". This program is designed to increase player loyalty
    at Internet gaming sites by awarding "points" for dollars wagered. Our
    revenue from these services will be based on a negotiated percent of
    each transaction.

    4


    E-CREDIT PROGRAM:

    DURING SEPTEMBER 2000, WE NEGOTIATED WITH ACT TRADE CAPITAL INC. TO FINANCE THE
    COST OF THE PURCHASE OF THE AVATAR GAMING SOFTWARE. WE AND ACT TRADE CAPITAL INC
    AGREED IN PRINCIPAL TO THE TERMS OF AN AGREEMENT WHEREBY ACT TRADE CAPITAL INC
    WOULD FINANCE 100% OF THE PURCHASE PRICE OF THE AVATAR GAMING SOFTWARE ON BEHALF
    OF OUR CUSTOMERS. DURING OCTOBER 2000 ACT TRADE CAPITAL INC ATTEMPTED TO ADD
    ADDITIONAL CONDITIONS AND TERMS OUR AGREEMENT WHICH MADE ANY SUCH FINANCING
    ARRANGEMENTS UNREALISTIC. ACCORDINGLY, IN JANUARY 2000, WE ABANDONED OUR EFFORTS
    TO PURSUE AN E-CREDIT PROGRAM.

    In September 1999, our president, Mr. Ruppanner began attending casino trade
    shows. These marketing efforts have only resulted in one written agreement with
    Asian Star Development, Ltd. of Hong Kong, a prospective Internet casino
    operator. The agreement provides for Asian Star's purchase of the Avatar gaming
    software. Asian Star has paid us consideration of $65,750; a remaining $200,000
    balance became due when we completed our customization of this software for
    Asian Star. Despite several communications to Asian Star that our customization
    of the software was complete and that the remaining $200,000 payment was due,
    Asian Star never paid the remaining balance and failed to otherwise respond to
    our demands for payment. Accordingly, we considered Asian Star to be in breach
    of our contract with them. We have received an offer to license this same
    customized software from a European operator in the amount of $135,000. We are
    in the process of completing that Agreement. We have received no other revenues.
    In addition, we have entered into no other agreements providing for payments to
    us that may result in revenues.

    From approximately July 1999 to approximately November 1999, our business plans
    included: (1) development of an Internet gaming portal called GamblersPortal.com
    that would provide an information source for the entire gambling community; and
    (2) A management contract with a Panama based casino, wherein we would have
    provided management and advertising support services.

    We abandoned development of GamblersPortal.com because we had insufficient funds
    to establish and/or to develop this website. We abandoned our management
    contract with the Panama casino because that casino ceased doing business in
    September 1999.

    We have had discussions with other companies regarding sale of our exclusive
    worldwide marketing agreement with Lost Boys Interactive, sale of the E-Players
    Loyalty program, sale of a majority interest to non-U.S. interests, and
    relocating our operations to a non-U.S. jurisdiction with non-U.S. shareholder
    control. We have not entered into any agreements, letters of intent or
    arrangements with any of these companies providing for any such occurrence.
    Further negotiations with any such companies are contingent upon the
    Commission's clearance of this Form 10-SB.

    We provide a demonstration version of our Avatar Casino software at our website
    located at www.casinobuilders.com. This site provides information to prospective
    Internet casino operators and also enables them to have a hands on experience
    with our software. The games are used only to display our products and services
    to prospective clients and are not utilized for any actual gambling services.
    The software will enable a prospective Internet casino to operate Online Casino
    games using our software technology. The software that we provide to the
    Internet casino operator enables its customers to download a software program to
    enter the virtual Casino, enabling the Internet casino customer to enter the
    virtual casino environment and interact with other players and/or play casino
    games.

    5


    The software will enable an Internet casino to open casino accounts on behalf of
    its customers. The software program will accommodate e-commerce providers such
    as Global Cash or other providers that the casino operator will select and will
    require a customer to provide certain personal and financial information,
    including a user name and password. In order to play games and make wagers, a
    person must purchase electronic cash by making one or more credit card deposits
    into the person's account.

    The software will enable an Internet casino operator to offer the following
    casino style games:
    o Slots
    o Blackjack
    o Video Poker
    o Roulette
    o Five Card Stud Poker
    o Caribbean Poker

    WE HAVE INCURRED CUMULATIVE LOSSES OF $2,370,233 FROM OUR INCEPTION OF AUGUST
    23, 1995 TO JUNE 30, 2000. IN ADDITION, WE HAD WORKING CAPITAL AND TOTAL CAPITAL
    DEFICIENCIES OF $237,000 AND $404,969, RESPECTIVELY AT JUNE 30, 2000. These
    conditions raise substantial doubt about our ability to continue as a going
    concern. We have been unsuccessful in marketing our services and software. In
    addition to our poor financial condition and our failure to successfully market
    our products and services, other factors may negatively impact our operations,
    including possible cessation of all our operations, as follows:

    o Termination of our agreements with Cyberluck Curacao, N.V., Conet N.V.,
    Global Cash N.V. or Fennell Promotions

    o If any of the services or products offered by Cyberluck Curacao, N.V.,
    Conet N.V., Global Cash N.V. or Fennell Promotions are terminated

    o Our worsening financial condition necessitates restructuring our existing
    debt or raising additional capital through future issuances of debentures,
    thereby creating additional obligations that we may not be able to meet

    o IF INTERNET GAMBLING IS DECLARED ILLEGAL BY U.S. LAW OR FOREIGN
    JURISDICTIONS, THERE WOULD BE A CORRESPONDING DECREASE IN THE DEMAND
    FOR OUR PRODUCT AND SERVICES THAT COULD EVEN LEAD TO OUR BUSINESS BECOMING
    OBSOLETE.

    o Our only officer that devotes full time to our operations, Mr. Ruppanner,
    is no longer able to manage our operations Moreover, there is no assurance
    that we will be able to accomplish any of our objectives in marketing our
    products and services.

    TECHNOLOGY AND INFRASTRUCTURE

    We provide prospective Internet casinos operators and Internet casino operators
    with gaming software through our agreement with Lost Boys Interactive. We have
    not independently developed and do not intend to develop any technologies,
    including gaming software.

    6


    DISTRIBUTION AND MARKETING

    We now have no distribution agreements for distribution of our products and
    services. We now have no plan to obtain any such agreements.

    We market our products and services through:

    o Our Internet website - This website can be found through major search
    engines such as Yahoo.com, Excite.Com, and Infoseek.Com. Our website
    provides specific information regarding all our products and services,
    including a live demonstration of the Avatar casino software. The
    website provides general information about us, a downloadable example
    of the Avatar casino software enabling users to play the games of
    chance for fun, information regarding licensing of Internet casinos,
    banking and E-Commerce, marketing, and hosting of casino operators
    computers. Also we provide general information about the Internet
    gaming industry.

    o Conferences and Business shows - These conferences and shows
    concentrate in the casino business. We have attended the following
    casino conferences over the past year:

    o 1999 World Gaming Expo in Las Vegas, Nevada

    o 1999 Global Internet Conference in London, England

    o 1999 Gaming Online Conference in London, England

    o 2000 European Gaming Conference in Amsterdam

    o Global Interactive Gaming Summit, Montreal, Canada May 2000

    At these conferences industry software venders market their products at exhibit
    booths.

    o Links to Our Website - We submit our web address to other websites that
    provide a listing of various products and services in the Internet
    gaming services. When Internet users visit those websites they have the
    ability to click on a link then sends them directly to our website.
    These websites do not charge us any fees for the listing of our
    products and services.

    We plan to continue to market our products and services through these various
    methods. There is no assurance that any of our marketing strategies will be
    successful.

    There are no assurances that we will be able to provide any of the foregoing
    services. We may not develop any contracts or otherwise secure any business that
    would enable us to provide such products services. We may find that our
    financial resources are not sufficient to provide such products or services.

    To date, we have not provided any services or received any revenue in connection
    with the following products and services: o Sale and customization of Avatar
    Casino Software developed by Lost Boys N.V., Amsterdam o Casino Licensing
    through Cyberluck Curacao, N.V.

    7


    o Hosting/Co-Location Services through Conet, N.V. o E-Commerce Services through
    our agreement with Global Cash, N.V.

    Other than the Asian Star transaction, the only services we have thus far
    provided have been marketing services for a French casino operator for which we
    received $56,000.

    MATERIAL AGREEMENTS:
    Avatar Gaming Software Agreement

    On September 28, 1999 we entered into an exclusive licensing agreement with Lost
    Boys Interactive, an Amsterdam based software developer. Lost Boys Interactive
    granted us exclusive global marketing rights for their Avatar based casino
    gaming software platform that includes black jack, roulette and Caribbean poker.
    We issued consideration of 250,000 shares to Lost Boys Interactive for these
    rights. This agreement is effective until December 2001. We have an exclusive
    written contract with Lost Boys Interactive B.V. to re-sell their gaming
    platform software. The Company "commissioned" Lost Boys to improve their
    existing software platform to its current competitive level. The "commissioning"
    was paid for through an exchange by providing Lost Boys with information
    pertaining to current technology and market requirements. In the strategic
    alliance, Lost Boys is the software developer, and will provide software
    technological research and development as well as on-line gaming and
    entertainment technology in customized applications for the global market.
    CasinoBuilders.com will provide the global marketing and sales function.

    Fennell Promotions, Inc. Agreement.
    On August 13, 1999, we entered into an agreement with Fennell Promotions, Inc.,
    granting us exclusive global marketing rights to Fennell's Supreme Privileges
    Awards that we have called our E-Players Club program. This program offers
    Internet casino customer points for every dollar waged at their casinos. The
    points may be redeemed for air travel, merchandise and sporting events tickets
    in which a specified number of points entitle players to certain such awards.
    Under the terms of this agreement, we will partner with Fennel to market the
    Supreme Privileges Awards Program to the Internet Gaming Industry under the
    brand E-Players Club. We provided Fennel with consideration of 40,000 shares of
    our common stock.

    Future net Holdings, Ltd. Agreement.
    On August 31, 1999 we entered into a purchase agreement with Futurenet Holdings,
    Ltd. to acquire all the outstanding shares of Cyberluck, Curacao N.V. A $50,000
    deposit was made upon execution of the agreement. The agreement also provided
    that Futurenet Holdings had the authority to deliver to us all of the
    outstanding shares of Conet N.V. and Global Cash N.V. Cyberluck is the holder of
    a Master license for Internet gaming in the Netherlands Antilles. In accordance
    with the terms of the agreement, we were required to make total payments of $1.5
    million in specified payments from September 1999 to October 1999. In the event
    we failed to make payments in accordance with the schedule we agreed to, we
    would incur a $250,000 penalty. We did make payments totaling $650,000, but not
    in accordance with the schedule we agreed to and we incurred a penalty of
    $250,000.

    As of the end of September 1999, we had made payments to Futurenet in the amount
    of $400,000 and incurred a $250,000 penalty towards the purchase price.

    In October 1999, we only made one payment of $200,000 to Futurenet of the

    8


    required total payment due of $900,000.

    On October 31, 1999, we entered into a new agreement with Futurenet Holdings,
    Ltd., to acquire all of the outstanding shares of Cyberluck, Curacao Holdings,
    Ltd. The acquisition, if consummated, would have provided us with a Netherlands
    Antilles exclusive master license whereby we intended to sublicense qualified
    applicants to operate Internet gaming casinos in addition to certain computer
    equipment and software adapted for such purpose. The purchase price was payable
    in installments due as follows:

    October 31, 1999 - $650,000 December 1, 1999 - $350,000 February 29, 2000 -
    $600,000 July 1, 2000 - $100,000

    The initial payment of $650,000 was non-refundable and was paid as follows:
    $450,000 was paid through September 30, 1999 and the balance of $200,000 in
    October 1999. We were unable to make the scheduled payment of $350,000 due on
    December 1, 1999 and accordingly lost the right to consummate the acquisition
    with the result that the $650,000 initial payment has been forfeited. Our
    financial statements at December 31,1999 give effect to the termination of the
    acquisition and the related loss incurred. We issued 750,000 shares valued at
    $468,750 to an investment group, contingent on the successful completion of the
    acquisition. The acquisition was terminated, thereby requiring that person's
    return of the shares. These shares were returned in June 2000.

    Internet Growth
    E-Commerce Growth

    On January 13, 2000, CyberAtlas, an Internet survey company published the
    following information contained in articles at HTTP://CYBERATLAS.INTERNET.COM
    "The number of Internet users around the world is constantly growing. On January
    4, 2000, The Computer Industry Almanac reported that by the year 2002, 490
    million people around the world will have Internet access, that is 79.4 per
    1,000 people worldwide, and 118 people per 1,000 by year-end 2005. The top 15
    countries will account for nearly 82 percent of these worldwide Internet users
    (including business, educational, and home Internet users). By the year 2000
    there will be 25 countries where over 10 percent of the population will be
    Internet users."

    "The US has an overwhelming lead in Internet users with more than 110 million
    projected for year-end 1999, which is nearly 43 percent of the total 259 million
    worldwide Internet users. The US will have one-third of the total Internet users
    in 2002, and that number will decline to 27 percent by the end of 2005."

    We do not know the percentage of e-commerce attributable to Internet casino
    gaming. We do not now or intend in the future to transact business with any
    Internet gaming sties located in the United Sates or any Internet gaming
    establishment that solicits or collects wages in the United States.

    Status of any Publicly Announced New Product or Service.
    We have no new products or services. All of our products and services derive
    from our agreements with third parties.

    Competition.
    We face intense competition in every facet of our business, as follows:

    Internet Gaming Software - The following companies are our competitors in the
    area of Internet gaming software: o MicroGaming Systems, Inc.

    9


    o Cryptologic,Inc.
    o Boss Media AB
    o StarNet

    THESE COMPANIES HAVE AN ESTABLISHED GLOBAL PRESENCE IN THE CASINO GAMING
    INDUSTRY AND DO NOT FACE THE SIGNIFICANT BARRIERS TO MARKET ENTRY THAT WE DO.
    THESE COMPANIES HAVE ESTABLISHED BROAD-BASED RESELLER NETWORKS. IN ADDITION,
    THESE COMPANIES HAVE SUFFICIENTLY DEVELOPED DISTRIBUTION NETWORKS THAT ENABLE
    THEM TO DELIVER THEIR PRODUCT WITHIN APPROXIMATELY ONE WEEK, WHILE THE PROJECTED
    DELIVERY OF OUR PRODUCT IS 90 DAYS. All of these companies have substantially
    greater assets and resources than we do. Their ability to market their products
    is greater. In addition, their software programs offer a more expansive
    collection of casino games. In contrast, we are beginning the marketing of our
    products and services and have little assets or resources AT THIS TIME TO
    COMPETE WITH COMPANIES OF THIS SIZE. OUR PLANS TO COMPETE WITH WITH THESE AND
    OTHER COMPETITORS IS TO HIGHLIGHT THE UNIQUE FEATURES OF THE AVATAR GAMING
    CASINO; HOWEVER, THERE ARE NO ASSURANCES THAT IN DOING SO WE WILL BE SUCCESSFUL
    IN OVERCOMING THE COMPETITIVE ADVANTAGES OF OUR COMPETITORS.

    We anticipate that strategic competition will become more intense as new
    companies will enter the Internet Gaming Software market. To remain competitive,
    we may have to reduce the cost of our products and services, which may
    negatively affect our potential profitability or lead to additional losses.

    We believe that potential new competitors, including large interactive and
    online software companies, media companies, and electronic gaming companies,
    such as Sega and Sony, may increase their focus on the interactive wagering
    market. The timing of competitive product and services releases and the
    similarity of such products or services to our products and services, may result
    in significant competition or reduced profit margins and influence competition.

    We also anticipate that significant overseas competition will emerge. This may
    eventually result in additional competition as these overseas competitors expand
    into the United States or as we possibly expand internationally. Specifically,
    several well capitalized Australian media and gaming companies are already
    developing systems and services similar to us.

    Casino Licensing and Hosting Service Provider - Cryptologic, MicroGaming, Boss
    Media, StarNet and others offer through third parties licensing and hosting
    services, because of their greater marketing resources.

    Premium Awards Program Software - Cryptologic offers a incentive programs for
    its licensees. Similarly, MicroGaming and StarNet offer such programs.

    All of these companies have substantially more assets and resources than we do.
    All of these companies have extensive marketing resources and distribution
    networks. We will face intense competition from all of these companies.

    The November 1998 issue of the Casino and Gaming Business Market Research
    Handbook predicts that the Internet gaming market could reach $100 to $200
    billion in annual revenues by 2005. Our competitors are prepared to meet this
    increasing market. Moreover, due to the expected growth of the Internet gaming
    market, established land based casinos, such as Trump and Wynn, with assets of
    hundreds of millions of dollars may enter the Internet gaming market. We will
    face intense competition from companies that are better equipped financially,
    technically, and professionally than we are to capture this market.

    10


    Sources and Availability of Raw Materials/Names of Principal Suppliers

    Our business is not dependent upon the availability of raw materials, nor do we
    use suppliers. All of our software products are obtained from Lost Boys
    Interactive.

    Dependence on one or a Few Major Customers.

    We have one pending draft software licensing contract that has not yet been
    executed by one potential customer. We do not intend upon becoming dependent
    upon one or a few major customers. Our revenues may become dependent upon one or
    a few major customers for a certain time period, until such time that we develop
    additional customers.

    Patents, Trademarks, Licenses, Royalty Agreements

    We do not own any patents, copyrights or trademarks. In addition, we are not a
    party to any agreements in which we are obligated to pay royalties.

    Government Regulation

    Jurisdictional regulation of Internet gaming is the process whereby Governments
    (jurisdictions) through law and licensing, control the fair and equitable
    operation of gaming businesses. Jurisdictional Regulation provides a
    confirmation to the Internet gambler, that the games originating from that
    jurisdiction are fair, and operated by responsible business people. The Company
    continues to support activities that protect both the consumer and the operator
    of such businesses.

    We do not operate Internet casinos and therefore are not subject to any
    government regulation regarding Internet gaming. Nonetheless, because our
    business is dependent upon sales of our products and services to Internet
    casinos, our revenues may be negatively affected due to regulation of the
    Internet gaming business. While we concentrate our marketing efforts upon the
    Australian, Caribbean, European and African gaming markets, that permit Internet
    gaming, international, federal, state of local laws may be imposed at any time.
    The uncertainty surrounding the regulation of Internet gaming could have a
    material adverse effect on the Company's business, revenues, operating results
    and financial condition. We monitor the changes in any laws regarding Internet
    gaming. Should Internet gaming be declared illegal in certain jurisdictions we
    contemplate doing business in, and/or there is a materially adverse effect upon
    our business due to such declared illegality, we may be forced to change our
    business plan.

    Our management remains concerned about the continued interest by federal and
    state lawmakers to outlaw Internet gambling. If Internet gambling is outlawed,
    interest in our products and services will diminish or will be non-existent.

    Pending United States Legislation and Other Existing Laws

    On November 19, 1999, the United States Senate passed S. 692, called the
    Internet Gambling Prohibition Act. On July 17, 1999, the U.S. House of
    Representatives failed to pass H.R. 3125, the U.S. House of Representative's
    version of the Senate bill S. 692.

    Passage of such a gambling prohibition law would prohibit all Internet gambling

    11


    sites from soliciting or collecting wagers from bettors in the United States. We
    do not now or intend in the future to transact business with any Internet
    gambling sites located in the United States or that solicits or collects wagers
    from bettors in the United States.

    Our policy is to provide our software product only to casino operators who hold
    a license or demonstrate that they have a license pending, WE WILL NOT NOW, AND
    DO NOT INTEND TO TRANSACT BUSINESS WITH ANY SITES LOCATED IN THE UNITED STATES
    OR ANY SITES ELSEWHERE THAT SOLICIT ANY WAGERS FROM BETTORS IN THE UNITED
    STATES.

    Research and Development

    We have spent no funds or time on research and development activities. We do not
    intend on spending any funds or time on research and development activities. Our
    products are derived from third parties.

    Environmental Compliance

    Our products and services do not involve the emission of any environmental
    pollutants, emissions, or waste. Therefore, we do not anticipate being subject
    to any environmental compliance matters.

    Employees and Labor Relations

    We currently have 2 total employees, of which only Mr. Ruppanner is a full time
    employee. None of our employees are represented by labor unions. We are not a
    party to any collective bargaining agreements or labor union contracts, nor have
    we been subjected to any strikes or employment disruptions in our history.

    ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

    Management's Discussion and Analysis of Financial Conditions and Results of
    Operation

    The following discussion of the financial condition and results of our
    operations should be read in conjunction with our financial statements and
    related to notes appearing elsewhere in this Form 10-SB. Except for the
    historical information contained herein, the discussion in this Form 10-SB
    contains forward-looking statements that involve risks, uncertainties and
    assumptions. These include statements about our expectations, beliefs,
    intentions or strategies for the future, which we indicate by words or phrases
    such as "anticipate," "expect," "intend," "plan," "will," "believe" and similar
    language. These statements involve known and unknown risks, including those
    resulting from economic and market conditions, the regulatory environment in
    which we operate, competitive activities, and other business conditions, and are
    subject to uncertainties and assumptions set forth elsewhere in this
    registration statement. Our actual results may differ materially from results
    anticipated in these forward-looking statements. We base our forward-looking
    statements on information currently available to us, and we assume no obligation
    to update these statements for the Next 12 Months.

    12


    LIQUIDITY AND CAPITAL RESOURCES

    At the commencement of our business plan in May of 1999, we assumed two primary
    sources of revenue, beginning in the third quarter of 1999, to provide liquidity
    and capital resources. The first was capital raised through equity investments
    and the second was sales. Approximately $700,000 was raised through equity sales
    and $50,000 of that amount went to operations and $650,000 was invested as a
    partial payment to acquire three operating Internet infrastructure companies in
    Curacao, Netherlands Antilles.

    In the first quarter of 2000, we were unable to raise the funds required to
    complete the acquisition, and the contract was terminated. We have recorded a
    complete loss of our investment in our financial statements. This situation
    combined with low stock price caused us to rely solely on sales as a source of
    liquidity.

    As of the present time, our only source of liquidity is current sales and
    consulting fees. FROM APPROXIMATELY AUGUST 2000 TO APPROXIMATELY SEPTEMBER 2000,
    WE NEGOTIATED WITH TWO EUROPEAN COMPANIES FOR THE POTENTIAL SALE OF THE AVATAR
    GAMING SOFTWARE; HOWEVER, WE WERE UNSUCCESSFUL IN COMPLETING THE SALES. IF WE
    HAD BEEN SUCCESSFUL IN MAKING THESE SALES, THEY SALES WOULD HAVE YIELDED
    APPROXIMATELY $200,000 OF REVENUE BY THE END OF THE THIRD QUARTER OF 2000. WITH
    RESPECT TO ONE OF THOSE EUROPEAN COMPANIES, WE PROVIDED THE NAME OF THE COMPANY
    AS A REFERRAL DIRECTLY TO LOST BOYS. LOST BOYS SUCCESSFULLY COMPLETED AN
    AGREEMENT WITH THE EUROPEAN COMPANY FOR THE SALE OF THE AVATAR GAMING SOFTWARE
    FOR WHICH WE RECEIVED A $61,000 MARKETING AND SERVICES FEE FOR OUR EFFORTS
    RELATED TO THAT REFERRAL.

    Despite our lack of success in completing sales, we continue to receive
    inquiries from potential customers who wish to license our software. We are also
    exploring alternative sources of funds and have had informal discussions
    including merger with other companies in the entertainment, e-commerce business
    sectors and non-U.S. based gaming companies

    RESULTS OF OPERATIONS

    Our revenues have been far below what we anticipated in our business plan.
    Initial sales, which were anticipated in the fourth quarter of 1999, were
    delayed due to late development and completion of our Internet gaming software.
    One sale, which did occur in that quarter, was defaulted in the first quarter of
    2000 for lack of complete payment. We did receive a down payment on the
    defaulted contract in the amount of $67,500 which is reported in our financial
    statements as revenue.

    Due to this significant revenue shortfall we have reduced all operations to a
    minimum level until sales revenues arrive. COMPANY MANAGEMENT HAS RECEIVED NO
    SALARY PAYMENTS SINCE THE COMPANY'S INCEPTION, AND WILL CONTINUE OPERATING IN
    THAT MODE UNTIL PROFITABILITY OCCURS.

    WE INTEND TO FUND OUR OPERATIONS THROUGH THE NEXT TWELVE MONTHS THROUGH
    CONTRIBUTIONS FROM OUR PRESIDENT AND SALES OF THE AVATAR GAMING SOFTWARE;
    HOWEVER, THERE ARE NO ASSURANCES THAT SUCH FUNDS WILL BE SUFFICIENT TO SUSTAIN
    OUR OPERATIONS.

    BECAUSE WE HAVE CUMULATIVE LOSSES OF $3,370,233 FROM OUR INCEPTION OF AUGUST 23,
    1996 TO JUNE 30, 2000 AND WE HAVE WORKING CAPITAL AND A TOTAL CAPITAL DEFICIENCY

    13


    OF $237,000 AND $79,000, RESPECTIVELY AT DECEMBER 31, 1999, THESE CONDITIONS,
    RAISE SUBSTANTIAL DOUBT ABOUT OUR ABILITY TO CONTINUE AS A GOING CONCERN.

    MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

    At the time of the commencement of trading our stock in 1999, the common stock
    began to trade under the symbol CSNO on the OTC Bulletin Board at $5.00. The
    stock price fell to the $1.00 range in the third quarter, and to the $.25 range
    in the fourth quarter.

    In December 1999 we filed our Form 10SB. We changed Company counsel in January
    2000 and withdrew our Form 10SB in February 2000.

    In February 2000, the Company's securities were removed from the
    Over-The-Counter-Bulletin-Board "OTCBBB" and are now traded on the National
    Quotation Bureau's "pink sheets" under the symbol CSNO. Since February 2000,
    there has been an extremely limited market for our securities.

    During the second quarter of 2000, we have focused on completing
    software-licensing sales. We have pending contracts to license software that we
    expect will result in approximately $200,000 in revenue.

    In the second quarter of 2000 CSNO common stock trading has been very limited
    with a current price of $.08.

    ITEM 3. DESCRIPTION OF PROPERTY

    Prior to our business in Internet gaming products and services, we did not own
    or lease any real property, but used office space at no charge from our Resident
    agent, Incorp Services, Inc. We had only a verbal agreement with the resident
    agent in which we paid our own bills relating to long distance telephone calls,
    secretarial, photocopying and other expenses. We maintain a corporate office in
    Colorado Springs, Colorado and Kirkland, Washington from which we receive
    mailing and secretarial services on a month-by-month basis for $50 per month. We
    do not have any physical space that we occupy or use at these locations. We have
    no lease agreement regarding these locations, but receive monthly invoices.

    ITEM 4. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

    The following table sets forth each person known to the Company, as of August
    14, 2000 to be a beneficial owner of five percent (5%) or more of the Company's
    common stock, by the Company's directors individually, and by all of the
    Company's directors and executive officers as a group. Except as noted, each
    person has sole voting and investment power with respect to the shares shown.

    a) Security Ownership of Certain Beneficial Owners

    TITLE OF CLASS NAME & ADDRESS OF BENEFICIAL NUMBER OF BENEFICIALLY PERCENTAGE
    OWNER OWNED SHARES OWNERSHIP
    OF CLASS

    -------------- ---------------------------- ----------------------- ---------
    COMMON PAUL A. RUPPANNER 2,002,913(1) 10.2%
    9.8%

    2110 VICKERS DRIVE, SUITE 100
    COLORADO SPRINGS, COLORADO 80918
    -------------- ---------------------------- ----------------------- ---------
    6


    COMMON STEVE RANDALL 1,620,097(2) 8.2%
    2110 VICKERS DRIVE, SUITE 100
    COLORADO SPRINGS, COLORADO 80918


    -------------- ---------------------------- ----------------------- ---------

    COMMON BRADERLUX ALR 2,166,666(3) 11.02%
    RICHARD BULLOCK
    2ND FLOOR-BROADCASTING HOUSE
    ROUGE BOULLION
    ST. HELIER, JERSEY JE43ZA
    U.K.
    -------------- ---------------------------- ----------------------- ---------
    COMMON ZZG HOLDINGS 1,337,736 (4) 6.81%
    120 STATE AVENUE
    536 OLYMPIA WASHINGTON 98501
    ZVI Y. ZELIKOWITZ
    P.O. BOX 4068
    JERUSALUEM, ISRAEL

    (1) This amount includes options to purchase 666,666 shares of our common stock
    at $0.35 per share which are exercisable as of June 1, 2000. Mr. Ruppanner has
    666,666 options which are exercisable on June 1, 2001 and 666,666 which are
    exercisable on June 1, 2002. Each option issued to Mr. Ruppanner is exercisable
    into one (1) share of common stock, at a price of $.35 per share. We have
    included the options which are exercisable as of June 1, 2000. We have not
    included the options which cannot yet be exercised within 60 days.

    (2)This amount includes options to purchase 666,666 shares of our common stock
    at $0.35 per share which are exercisable as of June 1, 2000. Mr. Randall has
    666,666 options which are exercisable on June 1, 2001 and 666,666 which are
    exercisable on June 1, 2002. Each option issued to Mr. Randall is exercisable
    into one (1) share of common stock, at a price of $.35 per share. We have
    included the options which are exercisable as of June 1, 2000. We have not
    included the options which cannot yet be exercised within 60 days.

    (3) The beneficial owner of Braderlux ARL became Richard Bullock of ST. Helier,
    Jersey JE43ZA U.K.

    (4) ZZG Holdings is the holder of the Company's convertible debentures. THESE
    ARE CONVERTIBLE INTO COMMON STOCK UPON THE HOLDER'S DEMAND. AS OF THIS FILING,
    ZZG HOLDINGS IS THE HOLDER OF 3,256,221 SHARES OF STOCK WHICH IS 16.5% OF
    OUTSTANDING SHARES. THERE IS NO REQUIREMENT THAT OUR SHARES BE TRADED ON THE
    NASD OTC BULLETIN BOARD IN ORDER TO CONVERT DEBT INTO SHARES OF OUR COMMON
    STOCK.

    COMMON PAUL A. RUPPANNER 2,002,913(1) 10.2%
    9.8% 2110 VICKERS DRIVE, SUITE 100
    COLORADO SPRINGS, COLORADO 80918

    -------------- ---------------------------- ----------------------- ---------

    15


    COMMON STEVE RANDALL 1,620,097(2) 8.2%
    2110 VICKERS DRIVE, SUITE 100
    COLORADO SPRINGS, COLORADO 80918
    ------------- ---------------------------- ----------------------- --------


    (1) This amount includes options to purchase 666,666 shares of our common stock
    at $0.35 per share which are exercisable as of June 1, 2000. Mr. Ruppanner has
    666,666 options which are exercisable on June 1, 2001 and 666,666 which are
    exercisable on June 1, 2002. Each option issued to Mr. Ruppanner is exercisable
    into one (1) share of common stock, at a price of $.35 per share. We have
    included the options which are exercisable as of June 1, 2000. We have not
    included the options which cannot yet be exercised within 60 days.

    (2) This amount includes options to purchase 666,666 shares of our common stock
    at $0.35 per share which are exercisable as of June 1, 2000. Mr. Randall has
    666,666 options which are exercisable on June 1, 2001 and 666,666 which are
    exercisable on June 1, 2002. Each option issued to Mr. Randall is exercisable
    into one (1) share of common stock, at a price of $.35 per share. We have
    included the options which are exercisable as of June 1, 2000. We have not
    included the options which cannot yet be exercised within 60 days.

    There are no arrangements that may result in a change in our control.

    ITEM 5. DIRECTORS, OFFICERS, PROMOTERS AND CONTROL PERSONS.

    The members of our Board of Directors serve until the next annual meeting of the
    stockholders, or until their successors have been elected. Our officers serve at
    the pleasure of our Board of Directors.

    There are no agreements for any officer or director to resign at the request of
    any other person, and none of the officers or directors named below is acting on
    behalf of, or at the direction, of any other person.

    Information as to our directors and executive officers is as follows:

    NAME AGE POSITION TERM OF OFFICE

    -------------------------------------------------------------------------------
    Paul A. Ruppanner 60 President/Director Annual
    2110 Vickers Drive
    Suite 100
    Colorado Springs, Co

    80918

    Steven B. Randall 56 Secretary/Treasurer Annual
    2110 Vickers Drive Director
    Suite 1oo
    Colorado Springs, CO

    80918

    16


    Dr. Claus Wagner/Bartek 63 Director Annual
    4092 Lee Highway
    Arlington, VA 22207

    PAUL A. RUPPANNER - PRESIDENT/CHAIRMAN OF THE BOARD OF DIRECTORS/DIRECTOR/CHIEF
    EXECUTIVE OFFICER 60 YEARS OF AGE, IS A FULL TIME EMPLOYEE. FROM SEPTEMBER 1998
    TO MAY 1999, Mr. Ruppanner was a vice president of the marketing and sales
    department of Command Software, an Anti-Virus software developer. From 1997 to
    1998 Mr. Ruppanner were the president and chief executive officer of Softlock
    Services, a software developer in the area of content security on the Internet.
    From September 1996 to May1997, Mr. Ruppanner was president and chief operating
    officer of HotOffice Technologies, an office network company, providing computer
    network infrastructure to small business. From 1994 to 1996 Mr. Ruppanner was a
    vice president and general manager of Office Depot. From 1992 to 1994, he was a
    vice president of MARKETING AT TECHNOLOGY SERVICE SOLUTIONS. FROM 1966 TO 1992,
    MR. RUPPANNER HELD THE FOLLOWING POSITIONS WITH THE IBM CORPORATION:

    1966 - FIELD TECHNICIAN 1966 TO 1969 - FIELD TECHNICAL MANAGER 1969 TO 1971 -
    MANAGEMENT DEVELOPMENT MANAGER 1971 TO 1973 - SALES/SERVICE BRANCH MANAGER 1973
    TO 1978 - REGIONAL MANAGER 1978 TO 1984 - HEADQUARTERS STAFF MANAGEMENT 1984 TO
    1985 - CONSULTING MANAGEMENT 1985 TO 1992 - SERVICES EXECUTIVE MANAGEMENT

    Steven B. Randall - Secretary/Treasurer/Director 56 years of age. Mr. Randall is
    retired and participates in our affairs only on a part-time basis for
    approximately 15 to 20 hours per week. From 1992 to 1999 Mr. Randall was the
    president of Direct Marketing Concepts, Inc., a marketing company located in
    Great Neck, New York. From 1988 to 1990, Mr. Randall was a director and
    treasurer of the Water Authority of Great Neck, New York.

    Dr. Claus G. Wagner-Bartak - Director, 63 years of age, has been the director
    and chief operating officer of BA Technologies, Inc., a firm involved in the
    engineering business. From 1982 to present, Dr. Wager-Bartak has also president
    of Energy Dynamics, Inc., a firm involved in the engineering business. Dr.
    Wager-Bartak received his Doctoral of Science Degree in Physics, Chemistry and
    Radiology in 1969 from the Ludig-Maximilians University in Munich, Germany.

    Mr. Ruppanner, Mr. Randall and Dr. Wager-Bartag have served as directors since
    MAY 19, 1999. There are no significant employees other than our officers. THE
    DIRECTORS OF THE COMPANY HAVE BEEN COMPENSATED FOR THEIR SERVICES BY RECEIVING
    SHARES OF OUR COMPANY. THERE ARE THREE DIRECTORS OF OUR COMPANY. MR. RUPPANNER
    IS CHAIRMAN OF THE BOARD OF DIRECTORS AND RECEIVED 150,000 SHARES THAT ARE
    INCLUDED IN THE NUMBER OF SHARES. MR. RANDALL RECEIVED 100, 000 SHARES FOR
    SERVING AS A DIRECTOR, ALSO INCLUDED IN HIS TOTAL SHARES. MR. WAGNER-BARTAK
    RECEIVED 100,000 SHARES FOR SERVING AS A DIRECTOR. THERE ARE NO STANDARD
    ARRANGEMENTS INVOLVING THIS COMPENSATION.


    There are no family relationships among our directors or officers.

    Investment Company Act.
    Although we will be subject to regulation under the Securities Act of 1933 and
    the Securities Exchange Act of 1934, we believe that we are not subject to
    regulation under the Investment Company Act of 1940 because: (1)we are in the

    17


    business of providing Internet gaming products and services and we represent to
    the public that are in that business; (2) we are not engaged in the business of
    investing or trading in securities; (3) we were not organized as an Investment

    Company; (4) we do not and have not previously held ourselves out to the public
    as being engaged primarily in the business of investing, reinvesting, owning,
    holding, or trading in securities; (5) none of our assets are comprised of
    common stock from other companies; and (6) we do not offer for sale any
    securities to the public or any value, net asset value, or current asset value
    attributable to redeemable securities or a portfolio of securities.

    Involvement in Certain Legal Proceedings.
    There have been no bankruptcies, criminal proceedings, or other legal
    proceedings during the past five years which would be material to the evaluation
    of the ability or integrity of any director, executive officer, any person
    nominated for such positions, any control person or any promoter of the Company.

    ITEM 6. EXECUTIVE COMPENSATION



    SUMMARY COMPENSATION TABLE

    ----------------------------

    NAME AND YEAR SALARY BONUS OTHER ANNUAL RESTRICTED SECURITIES LTIP OTHER
    PRINCIPLE POSITION ($) ($) COMPENSATION ($) STOCK AWARD(S) UNDERLYING PAYOUTS ($)
    ($) OPTIONS (#) ($)
    ------------------ ---- -------- ------ ---------------- -------------- ----------- -------- ------


    ANDY RUPPANNER(1) 1998 0 0 0 0 0 0 0
    PRESIDENT, 1999 0 0 0 1,336,427 2,000,000 0 0
    2000 0 0 0 0 0 0 0


    STEVEN B. RANDALL(2)1998 0 0 0 0 0 0 0
    SECRETARY/DIRECTOR 1999 0 0 0 953,431 2,000,000 0 0
    2000 0 0 0 0 0 0 0


    DR. WAGER-BARTAG(3) 1998 0 0 0 0 0 0 0
    DIRECTOR 1999 0 0 0 0 0 0 0
    2000 0 0 0 0 0 0 0



    (1) Mr. Ruppanner has received 1,336,427 shares of our stock in lieu of cash
    compensation during 1999.

    (2) Mr. Steven B. Randall has received 953,431 shares of our stock in lieu of
    cash compensation during 1999. Both officers have agreed to forego cash
    compensation until funds are available for such compensation and our Board of
    Directors' authorizes such action.

    (3) Dr. Wager-Bartag received no compensation for his services. We do not
    anticipate paying our officers any cash compensation until our revenues are
    sufficient to authorize such payments.

    ITEM 7. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

    At the time of the contemplated transaction of Global Cash, N.V., Mr. Randall
    was a director of Global Cash; N.V. Mr. Randall resigned as a director of Global
    Cash, N.V. in approximately July 2000. Global Cash, N.V. was never ultimately
    acquired.

    18


    Subsequent to the agreement with Futurenet and in connection with that
    agreement, Mr. Ruppanner became a director of Conet N.V.

    There are no other such relationships and related transactions, except for the
    securities transactions with Mr. Ruppanner and Mr. Randall described in Part II,
    Item 4 "Recent Sales of Unregistered Securities."

    ITEM 8. DESCRIPTION OF SECURITIES

    The Company's Articles of Incorporation authorizes the issuance of 50,000,000
    shares of common stock, of which 19,650,899 are issued and outstanding as of
    August 18, 2000. Of the shares issued and outstanding, a total of 12,823,106 are
    restricted pursuant to Rule 144. The shares are non-assessable, without
    pre-emptive rights, and do not carry cumulative voting rights. Holders of common
    shares are entitled to one vote for each share on all matters to be voted on by
    the stockholders. The shares are fully paid, non-assessable, without pre-emptive

    rights, and do not carry cumulative voting rights. Holders of common shares are
    entitled to share ratably in dividends, if any, as may be declared by the
    Company from time-to-time, from funds legally available. In the event of a
    liquidation, dissolution, or winding up of the Company, the holders of shares of
    common stock are entitled to share on a pro-rata basis all assets remaining
    after payment in full of all liabilities.

    In general, under Rule 144, a person (or persons whose shares are aggregated)
    who has satisfied a one year holding period, under certain circumstances, may
    sell within any three-month period a number of shares which does not exceed the
    greater of one percent of the then outstanding Common Stock or the average
    weekly trading volume during the four calendar weeks prior to such sale. Rule
    144 also permits, under certain circumstances, the sale of shares without any
    quantity limitation by a person who has satisfied a two-year holding period and
    who is not, and has not been for the preceding three months, an affiliate of the
    Company.

    Management is not aware of any circumstances in which additional shares of any
    class or series of the Company's stock would be issued to management or
    promoters, or affiliates or associates of either.

    DEBENTURES.

    In July 1999, we issued a Series A Convertible Debentures in the amount of
    $700,000 and received net proceeds of $600,000 after deducting debt issue costs
    of $100,000. The debentures are payable with interest at one percent per annum
    commencing August 1999 and are due in full on July 16, 2001. The debentures are
    convertible at any time into common stock at 75 percent of the closing bid
    price, quoted on the day preceding the conversion date, as reported by the NASD
    OTC bulletin board. We issued 995,224 shares of our common stock upon conversion
    of $300,000 of debentures through December 31,1999. At December 31, 1999, we
    incurred debt service costs of $49,500,which were included as interest expense
    in our financial statements at such date. The following shares were issued to
    the debenture holder in accordance with the conversion option:

    August 11, 1999 13,333 shares
    August 26, 1999 32,000 shares
    August 30, 1999 55,467 shares
    September 10, 1999 36,530 shares
    October 11, 1999 41,425 shares

    19


    November 1, 1999 155,679 shares
    November 4, 1999 350,000 shares
    December 13, 1999 164,204 shares
    January 7, 2000 496,586 shares
    January 18, 2000 240,000 shares
    March 24,2000 195,804 shares
    June 12, 2000 1,475,193 shares

    STOCK OPTIONS.

    The Company has instituted a stock option plan, which is available to selected
    directors, officers, Employees and Consultants of the Company (Participants).
    The term of each Option will be ten years from the date of grant or a shorter
    term as determined by the Stock Option Committee (the "Committee") except for an
    ISO granted to 10% shareholders, in which the term of the option will be five
    years. The exercise price will be determined by the Committee and will not to be
    less than 100% of the Fair Market Value of the Shares subject to the option on
    the date of grant. The Stock Option Committee is comprised of Paul A. Ruppanner,
    President & CEO, and Steve Randall, Secretary and Treasurer.

    As of the date of this filing, Andy Ruppanner and Steve Randall have each been
    granted 2,000,000 options to purchase our common stock. These options are
    effective as of September 15, 1999 and expire December 31, 2009. Each option
    issued to Mr. Ruppanner is exercisable into one (1) share of common stock, at a
    price of $.35 per share. None of the options outstanding have been exercised. Of
    the options granted to Ruppanner, 666,666 vested on June 1, 2000. Mr. Ruppanner
    has 666,666 options which vest on June 1, 2001 and 666,666 which vest on June 1,
    2002. Of the options granted to Randall, 666,666 vested on June 1, 2000. Mr.
    Randall has 666,666 options which vest on June 1, 2001 and 666,666 which vest on
    June 1, 2002.

    20



    PART II

    ITEM 1. MARKET PRICE OF AND DIVIDENDS ON THE REGISTRANT'S COMMON EQUITY AND
    RELATED STOCKHOLDER MATTERS

    Our common stock is quoted on the National Quotation Bureau's Pink sheets under
    the symbol CSNO. It was formerly listed under the symbol MGIL. THE FOLLOWING ARE
    THE PRICE RANGES OF THE HIGH AND LOW PRICES WHILE QUOTED ON THE NATIONAL
    ASSOCIATION OF SECURITY DEALER'S BULLETIN BOARD:

    HIGH LOW
    -------------------------------------------------------------------
    JULY 1999 - SEPTEMBER 1999 $2.00 $0.60
    -------------------------------------------------------------------
    OCTOBER 1999 - DECEMBER 1999 $0.60 $0.25
    -------------------------------------------------------------------
    JANUARY 2000 - FEBRUARY 2000 $0.45 $0.10
    -------------------------------------------------------------------

    We have no prior history of trading.

    Effective August 11, 1993, the Securities and Exchange Commission adopted Rule
    15g-9, which established the definition of a "penny stock," for purposes
    relevant to the Company, as any equity security that has a market price of less
    than $5.00 per share or with an exercise price of less than $5.00 per share,
    subject to certain exceptions. For any transaction involving a penny stock,
    unless exempt, the rules require: (i) that a broker or dealer approve a person's
    account for transactions in penny stocks; and (ii) the broker or dealer receive
    from the investor a written agreement to the transaction, setting forth the
    identity and quantity of the penny stock to be purchased. In order to approve a
    person's account for transactions in penny stocks, the broker or dealer must (i)
    obtain financial information and investment experience and objectives of the
    person; and (ii) make a reasonable determination that the transactions in penny
    stocks are suitable for that person and that person has sufficient knowledge and
    experience in financial matters to be capable of evaluating the risks of
    transactions in penny stocks. The broker or dealer must also deliver, prior to
    any transaction in a penny stock, a disclosure schedule prepared by the
    Commission relating to the penny stock market, which, in highlight form, (i)
    sets forth the basis on which the broker or dealer made the suitability
    determination; and (ii) that the broker or dealer received a signed, written
    agreement from the investor prior to the transaction. Disclosure also has to be
    made about the risks of investing in penny stocks in both public offerings and
    in secondary trading, and about commissions payable to both the broker-dealer
    and the registered representative, current quotations for the securities and the
    rights and remedies available to an investor in cases of fraud in penny stock
    transactions. Finally, monthly statements have to be sent disclosing recent
    price information for the penny stock held in the account and information on the
    limited market in penny stocks.

    The National Association of Securities Dealers, Inc. (the "NASD"), which
    administers NASDAQ, has recently made changes in the criteria for initial
    listing on the NASDAQ Small Cap market and for continued listing. For initial
    listing, a company must have net tangible assets of $4 million, market
    capitalization of $50 million or net income of $750,000 in the most recently
    completed fiscal year or in two of the last three fiscal years. For initial
    listing, the common stock must also have a minimum bid price of $4 per share. In
    order to continue to be included on NASDAQ, a company must maintain $2,000,000
    in net tangible assets and a $1,000,000 market value of its publicly-traded
    securities. In addition, continued inclusion requires two market-makers and a
    minimum bid price of $1.00 per share.

    Management intends to strongly consider undertaking a transaction with any

    21


    merger or acquisition candidate, which will allow the Company's securities to be
    traded without the aforesaid limitations. However, there can be no assurances
    that, upon a successful merger or acquisition, the Company will qualify its
    securities for listing on NASDAQ or some other national exchange, or be able to
    maintain the maintenance criteria necessary to insure continued listing. The
    failure of the Company to qualify its securities or to meet the relevant
    maintenance criteria after such qualification in the future may result in the
    discontinuance of the inclusion of the Company's securities on a national
    exchange. In such events, trading, if any, in the Company's securities may then
    continue in the non-NASDAQ over-the-counter market. As a result, a shareholder
    may find it more difficult to dispose of, or to obtain accurate quotations as to
    the market value of, the Company's securities.

    Stockholders.

    There are 100 holders of the Company's Common Stock.

    Dividends

    The Registrant has not paid any dividends to date, and has no plans to do so in
    the immediate future.

    ITEM 2. LEGAL PROCEEDINGS

    We are not a party to any material pending legal proceedings. We are not aware
    of any pending or threatened legal proceedings, in which are involved.

    In June 2000, we issued 1,475,193 shares of our common stock in accordance with
    the conversion provisions of Series A Subordinated Convertible Debentures. Under
    the advice of counsel, these shares were issued with a restrictive legend in
    accordance with the Securities Act of 1933. Although there is no pending
    litigation, nor threat of litigation in this matter, the debenture holder may
    take action against the Company to remove the restrictive legend from these
    shares. We are unable to assess the merits of a potential claim if such demand
    or action is brought against us, nor are we able to quantify the potential loss,
    if any, that might result if such claim is asserted. Accordingly, our financial
    statements do not include a provision for loss that might arise from such claim.

    ITEM 3. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS

    We have had no disagreements with our auditors.

    ITEM 4. RECENT SALES OF UNREGISTERED SECURITIES

    On May 9, 1997, we sold 100,000 shares of our common stock for $25,000 in
    reliance upon Rule 504 of Regulation D.

    On May 29, 1999, we issued a total of 500,000 shares of our common stock to Paul
    A. Ruppanner for services rendered and we issued 500,000 shares to Steve
    Randall. On May 29, 1999 we issued 2,166,666 shares to Braderlux ALR; 1,666,667
    shares to Burgandy Holdings, Ltd.; 1,666,667 shares to Artistocrat Group, and
    500,000 shares to Riva Investments Ltd. We relied upon Section 4(2) of the
    Securities Act of 1933, as amended ("the Act"). We believe Section 4(2) was
    available because the transactions did not involve a public offering.

    22


    In July 1999, we issued a Series A Convertible Debentures in the amount of
    $700,000 and received net proceeds of $600,000 after deducting debt issue costs
    of $100,000. The debentures are payable with interest at one percent per annum
    commencing August 1999 and are due in full on July 16, 2001. The debentures are
    convertible at any time into common stock at 75 percent of the closing bid
    price, quoted on the day preceding the conversion date, as reported by the NASD

    OTC bulletin board. We issued 995,224 shares of our common stock upon conversion
    of $300,000 of debentures through December 31,1999. We relied upon Rule 504 of
    Regulation D of the Act. The following shares were issued to the debenture
    holder in accordance with the conversion option:

    August 11, 1999 13,333 shares
    August 26, 1999 32,000 shares
    August 30, 1999 55,467 shares
    September 10, 1999 36,530 SHARES
    -------------
    137,330 shares - one certificate issued 9/10/99

    October 11, 1999 41,425 shares
    November 1, 1999 155,679 shares
    November 4, 1999 350,000 shares
    December 13, 1999 164,204 shares

    January 7, 2000 496,586 shares
    January 18, 2000 240,000 SHARES
    --------------
    435,804 shares - one certificate issued 2/8/00

    March 24,2000 195,804 shares

    June 12, 2000 1,475,193 shares


    On August 30, 1999, we issued 40,000 shares of our common stock to Frank Fennell
    to offer Supreme Privileges Point System to Internet Gaming Customers and
    250,000 shares to Austin Burrell to become chairman of our advisory board which
    we later decided to discontinue. We relied upon Section 4(2) of the Act of 1933.
    We believe Section 4(2) was available because the transactions did not involve a
    public offering.

    On September 28, 1999 and November 17, 1999, we issued 125,000 shares (Total
    250,000 shares) of our common stock to Team Lost Boy BV for the exclusive global
    marketing rights of their Avatar gaming platform software. We believe Section
    4(2) was available because the transactions did not involve a public offering.

    On September 15, 1999, our board of directors granted Mr. Ruppanner and Mr.
    Randall, our officers, options to purchase up to 2,000,000 shares each of common
    stock at $0.35 per share through December 2009. 666,666 vested on June 1, 2000;
    666,666 options vest on June 1, 2001 and 666,666 which vest on June 1, 2002.
    Each option is exercisable into one (1) share of common stock, at a price of
    $.35 per share. These options are the only outstanding options at December 31,
    1999. As of August 13, 2000 none of these options have been exercised. We
    believe Section 4(2) was available because the transactions did not involve a
    public offering.

    On October 11, 1999, we issued the following shares:


    23


    Date Amount Name Consideration
    10/11/99 19,000 Saundra Rosenblum Purchase URL
    10/11/99 25,000 R Garcia Administrative assistance at start-up
    10/11/99 25,000 Chanelle Olivier Administrative assistance at start-up
    10/11/99 25,000 Charissa Olivier Administrative assistance at start-up
    10/11/99 25,000 Colin Ruppanner Administrative assistance at start-up
    10/11/99 5,000 Shernalda Raphelia Outsourced employee incentive
    10/11/99 5,000 Anthony P.M. Dick Outsourced employee incentive
    10/11/99 5,000 Scott Moar Outsourced employee incentive
    10/11/99 100,000 Whitehorse Investments Investment Advisory services
    Ltd

    We believe Section 4(2) was available because the transactions did not involve a
    public offering.

    During November 1999, we issued 2,263,678 shares of common stock in return for
    services. We believe Section 4(2) was available because the transactions did not
    involve a public offering. These shares were issued as follows:

    Date Amount Name Consideration
    11/17/99 836,247 Paul A. Ruppanner Shares in lieu of $200,000 Annual
    Salary; and serving as Chairman of Board

    11/17/99 549,000 Cactus Consulting Intl. In lieu of fee for providing
    financial services
    *Pres. of Cactus is Jan Olivier.

    11/17/99 100,000 Claus Wagner-Bartak To serve as a Director

    11/17/99 125,000 Team Lost Boys NV Balance of incentive to give CSNO
    Worldwide Exclusive Marketing rights

    11/21/99 50,000 Adam Barnett Partial Payment for Financial Consulting

    11/21/99 150,000 Stock Exposure Inc.Payment for Marketing Services

    11/29/99 453,431 Steven B. Randall In lieu of salary ($175,000); serving on
    Board of Directors.
    We believe Section 4(2) was available because the transactions did not involve a
    public offering.

    On January 2000, we issued shares of our common stock for services rendered as
    follows:
    Date Amount Name Consideration
    1/6/00 82,000 Istrategic LLC Purchase URLs

    1/18/00 100,000 Adam Barnett Final Payment for Financial Consulting

    We believe Section 4(2) was available because the transactions did not involve a
    public offering.

    On May 2000, we issued shares of our common stock as follows:

    Date Amount Name Consideration
    5/31/00 150,000 Henrik Ponteyn Technology Consulting and Trade Show
    Assistance

    5/31/00 150,000 Dan Luther Full Year Payment for Management
    Consulting
    We believe Section 4(2) was available because the transactions did not involve a

    24


    public offering.

    Item 5. Indemnification of Officers and Directors.
    The Company's Bylaws provide for indemnification of the Company's directors,
    officers, employees and other agents of the Company to the extent and under the
    circumstances permitted by the Indiana Business Corporation Law (the "IBCL").
    The Company's Bylaws also provide that the Company will have the power to
    purchase and maintain insurance covering its directors, officers and employees
    against any liability or loss asserted against any of them and incurred by any
    of them, whether or not the Company would have the power to indemnify them
    against such liability under the IBCL. The Company has a pending application to
    obtain directors' and officers' liability insurance.

    Section 5.1 of Article V of the Bylaws of the Company provides for
    indemnification of directors and officers of the Company to the fullest extent
    authorized by the IBCL, and is set forth below: Section 5.1 Right to
    Indemnification. Each person who was or is made a party or is threatened to be
    made a party to or is otherwise involved in ay action, suit or proceeding,
    whether civil, criminal, administrative or investigative (hereinafter a
    "proceeding"), by reason of the fact that he or she or a person of whom he or
    she is the legal representative is or was a director or an officer of the
    Corporation or is or was serving at the request of the Corporation as a
    director, officer, employee or agent of any other corporation or of a
    partnership, joint venture, trust or other enterprise, including service with
    respect to any employee benefit plan (hereinafter an "indemnitee"), whether the
    basis of such proceeding is an alleged action or failure to act in an official
    capacity as a director, officer, employee or agent or in any other capacity
    while serving as a director, officer, employee or agent, will be indemnified and
    held harmless by the Corporation to the fullest extent authorized by the BCL, as
    the same exists or may hereafter be amended (but, in the case of any such
    amendment, only to the extent that such amendment permits the Corporation to
    provide broader indemnification rights than said law permitted the Corporation
    to provide prior to such amendment), against all expense, liability and loss
    (including, without limitation, attorneys' fees, court costs, judgments, fines,
    excise taxes or penalties under the Employee Retirement Income Security Act of
    1974, as amended, and amounts paid or to be paid in settlement) reasonably
    incurred by such indemnities in connection therewith; provided, however, that
    except as provided in Section 5.3 with respect to proceedings seeking to enforce
    rights to indemnification, the Corporation will indemnify any such indemnities
    seeking indemnification in connection with a proceeding (or part thereof)
    initiated by such indemnities only if such proceeding (or part thereof) was
    authorized by the Board of Directors.

    25



    PART III

    ITEM 1. INDEX TO EXHIBITS


    PAGE DESCRIPTION OF EXHIBIT


    27 Index to Financial Statements

    45 Articles of Incorporation

    51 Bylaws

    60 Certificate of Amendment to Articles of Incorporation

    61 Employee Contract - Ruppanner

    69 Employee Contract - Randall

    77 1999 Stock Option and Restricted Stock Plan

    92 Stock Option Agreement - Ruppanner

    96 Stock Option Agreement - Randall

    100 Agreement Lost Boys - The Netherlands

    105 Financial Consulting Agreement - Portfolio

    106 Financial Data Schedule - December 31, 1999

    107 Financial Data Schedule - June 30, 2000


    SIGNATURES

    Pursuant to the requirements of Section 12 of the Securities Exchange Act of
    1934, the Registrant has duly caused this registration statement to be signed on
    its behalf by the undersigned, thereunto duly authorized.

    By:/s/ Paul A. Ruppanner
    ------------------------
    Paul A. Ruppanner
    President and Director
    Dated November 13, 2000

    26



    CASINOBUILDERS.COM, INC.
    (A DEVELOPMENT STAGE COMPANY)

    INDEX TO FINANCIAL STATEMENTS

    Independent Auditors' Report................................................ F-2

    Balance Sheet............................................................... F-3

    Statements of Operations.................................................... F-4

    Statement of Stockholders' Equity........................................... F-5

    Statements of Cash Flows.................................................... F-6

    Notes to Financial Statements........................................ F-7 - F-13


    F-1





    INDEPENDENT AUDITORS' REPORT

    To the Board of Directors
    Casinobuilders.Com, Inc.

    We have audited the accompanying balance sheet of Casinobuilders.Com,
    Inc. (A Development Stage Company) as of December 31, 1999, and the related
    statements of operations, changes in stockholders deficit and cash flows for the
    years ended December 31, 1999 and 1998 and for the period from inception (August
    23, 1995) to December 31, 1999. These financial statements are the
    responsibility of the Company's management. Our responsibility is to express an
    opinion on these financial statements based on our audits.

    We conducted our audits in accordance with generally accepted auditing
    standards. Those standards require that we plan and perform the audit to obtain
    reasonable assurance about whether the financial statements are free of material
    misstatement. An audit includes examining on a test basis, evidence supporting
    the amounts and disclosures in the financial statements. An audit also includes
    assessing the accounting principles used and significant estimates made by
    management, as well as evaluating the overall financial statement presentation.
    We believe that our audits provide a reasonable basis for our opinion.

    In our opinion, the financial statements referred to above present
    fairly, in all material respects, the financial position of Casinobuilders.Com,
    Inc. as of December 31, 1999 and the results of its operations and cash flows
    for the years ended December 31, 1999 and 1998 and for the period from inception
    (August 23, 1995) to December 31, 1999 in conformity with generally accepted
    accounting principles.

    The accompanying financial statements have been prepared assuming
    that the Company will continue as a going concern. As discussed in Note 2 to the
    financial statements, the Company incurred cumulative losses of $2,238,000 from
    inception (August 23, 1995 to December 31, 1999). Additionally, the Company had
    working capital and total capital deficiencies of $237,000 and $79,000,
    respectively, at December 31, 1999. These conditions raise substantial doubt
    about the Company's ability to continue as a going concern. Management's plans
    with respect to these matters are also described in Note 2 to the financial
    statements. The accompanying financial statements do not include any adjustments
    that might result should the Company be unable to continue as a going concern.

    As discussed in Note 14, the Company became aware in June 2000 of a
    potential claim against the Company involving the Series A Senior Subordinated
    Convertible Debentures. There is currently no pending litigation in this matter.
    The Company is unable to assess the merits of the potential claim if such action
    were brought against the Company, nor is it able to quantify the potential loss,
    if any, that might result if such claim was asserted. Accordingly, the financial
    statements do not include a provision for loss that might arise from such claim.

    /s/Feldman Sherb & Co., P.C.
    -------------------------
    Feldman Sherb & Co., P.C.
    Certified Public Accountants

    New York, New York
    June 30, 2000

    F-2



    CASINOBUILDERS.COM, INC.
    (A DEVELOPMENT STAGE COMPANY)

    BALANCE SHEETS

    ASSETS



    December 31, June 30,
    1999 2000
    (Unaudited)


    CASH $ 54,964 $ 9,951

    DEPOSITS 468,750 -

    INTANGIBLES AND OTHER ASSETS 50,238 58,180
    ---------------------- -------------------
    $ 573,952 $ 68,131
    ====================== ==================

    LIABILITIES AND STOCKHOLDERS' DEFICIT


    CURRENT LIABILITIES:
    Accounts payable and accrued expenses $ 170,788 $ 167,100
    Advance payable - 100,000
    Deferred licensing revenues 120,732 -
    ---------------------- -------------------
    TOTAL CURRENT LIABILITIES 291,520 267,100
    ---------------------- -------------------
    DEBENTURES PAYABLE - Due July 2001 361,507 206,000


    STOCKHOLDERS' DEFICIT:
    Common Stock, $.001 par value, 50,000,000 shares authorized;
    17,657,902 and 19,650,899 shares issued and outstanding 17,657 19,650
    Additional paid in capital 2,157,957 1,945,614
    Deficit accumulated in the development stage (2,254,689) (2,370,233)
    ---------------------- -------------------
    TOTAL STOCKHOLDERS' DEFICIT (79,075) (404,969)
    ---------------------- -------------------
    $ 573,952 $ 68,131
    ====================== ===================



    See notes to financial statements

    F-3




    CASINOBUILDERS.COM, INC.
    (A DEVELOPMENT STAGE COMPANY)

    STATEMENTS OF OPERATIONS




    Inception

    Year Ended December 31, (August 23, 1995) Six Months Inception
    --------------------------- -------------------- Ended (August 23, 1995)
    1998 1999 to December 31, 1999 June 30, 2000 to June 30, 2000
    (Unaudited) (Unaudited)


    REVENUES $ - $ - $ - $ 123,232 $ 123,232
    ----------- ------------- -------------------- ---------------- -------------------
    COSTS AND EXPENSES:
    Cost of services - - - 43,050 43,050
    Selling, general and administrative 10,802 1,266,167 1,291,482 154,242 1,445,724
    Loss on terminated acquisition - 650,000 650,000 - 650,000
    Interest on debentures - 313,207 313,207 41,484 354,691
    ----------- ------------- -------------------- ---------------- -------------------
    10,802 2,229,374 2,254,689 238,776 2,493,465
    ----------- ------------- -------------------- ---------------- -------------------

    NET LOSS $ (10,802)$ (2,229,374)$ (2,254,689) $ (115,544) $ (2,370,233)
    ============ ============== ===================== ================ ==================

    BASIC AND DILUTED
    LOSS PER COMMON SHARE $ (0.00)$ (0.19)$ (0.29) $ (0.01) $ (0.27)
    ============ ============== ===================== ================ ==================

    WEIGHTED AVERAGE COMMON
    SHARES OUTSTANDING 9,780,000 12,002,764 7,835,253 18,394,759 8,900,113
    ============ ============== ===================== ================ ==================



    Note: The Company was inactive during the six months ended June 30, 1999.
    Accordingly, no comparative operating results are presented herein.


    F-4



    CASINOBUILDERS.COM, INC.
    (A DEVELOPMENT STAGE COMPANY)

    STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)




    Deficit
    Accumulated

    Additional in the Total
    Price per Common Stock, Par Val Paid Development Stockholders'
    Date Share Shares Amount Capital Stage Deficit



    Inception 8/23/95 - $ - $ - $ - $ -
    Issuance of shares for cash 10/20/95 0.03 60,000 60 1,440 1,500
    ------- ------- ------- --------- ---------
    BALANCE, DECEMBER 31, 1995 60,000 60 1,440 - 1,500
    Issuance of shares for cash 7/3/96 0.37 3,000 3 1,097 1,100
    Net Loss (1,922) (1,922)
    ------- ------- ------- --------- ---------
    BALANCE, DECEMBER 31, 1996 63,000 63 2,537 (1,922) 678

    Issuance of shares for cash 5/19/97 0.25 100,000 100 24,900 25,000

    Net loss - - - (12,591) (12,591)
    ------- ------- ------- --------- ---------
    BALANCE, DECEMBER 31, 1997 163,000 163 27,437 (14,513) 13,087
    Forward Split-30:1 3/2/98 4,727,000 4,727 (4,727)
    Net loss - - - (10,802) (10,802)
    ------- ------- ------- --------- ---------
    BALANCE, DECEMBER 31, 1998 4,890,000 4,890 22,710 (25,315) 2,285
    Shares contributed to treasury and cancelled 5/13/99 (1,890,000) (1,890) 1,890 -

    Forward Split- 2-1 5/13/99 3,000,000 3,000 (3,000) -
    Beneficial conversion feature - debentures - - 200,000 200,000

    Issuance of shares for:
    Services 5/17/99 0.0167 1,000,000 1,000 15,700 16,700
    Cash 5/27/99 0.0167 6,000,000 6,000 94,000 100,000
    Marketing rights and service 9/28/99 0.50 165,000 165 82,301 82,466
    Director services 9/28/99 0.50 250,000 250 124,699 124,949
    Conversion of debentures 9/10/99 0.55 137,330 137 75,863 76,000
    Services - acquisition 10/11/99 0.63 750,000 750 468,000 468,750
    Purchase of domain name 10/11/99 0.63 19,000 19 11,856 11,875
    Services 10/11/99 0.63 215,000 215 134,160 134,375
    Conversion of debentures 10/11/99 0.48 41,425 41 19,959 20,000
    Conversion of debentures 11/1/99 0.35 155,679 156 53,845 54,000
    Services 11/17/99 0.31 2,063,678 2,064 642,836 644,899
    Services 11/21/99 0.32 200,000 200 63,800 64,000
    Conversion of debentures 12/13/99 0.30 164,204 164 49,836 50,000
    Conversion of debentures 12/20/99 0.20 496,586 496 99,504 100,000
    Net loss - - - (2,229,374) (2,229,374)
    ------------ ------- --------- ----------- ----------
    BALANCE, DECEMBER 31, 1999 17,657,902 17,657 2,157,957 (2,254,689) (79,075)

    Issuance of shares for:

    Services 1/6/00 0.20 100,000 100 19,900 20,000
    Trade name 1/6/00 0.20 82,000 82 16,318 16,400
    Conversion of debentures 2/8/00 0.17 435,804 436 74,564 75,000
    Additional interest on debentures 3/31/00 0.10 350,000 350 34,650 35,000
    Conversion of debentures 5/1/00 0.13 137,931 138 17,862 18,000
    Conversion of debentures 5/9/00 0.05 750,000 750 35,250 36,000
    Conversion of debentures 5/11/00 0.05 279,570 280 12,720 13,000
    Services 5/31/00 0.09 300,000 300 26,700 27,000
    Conversion of debentures 6/4/00 0.06 307,692 308 17,692 18,000
    Return and cancellation of shares issued in
    connection with terminated acquisition 6/30/00 0.63 (750,000) (750) (468,000) (468,750)
    Net loss (115,544) (115,544)
    ------------ -------- --------- ----------- ----------
    BALANCE, JUNE 30, 2000 (Unaudited) 19,650,899 $ 19,650 $1,945,614 $ (2,370,233) $(404,969)
    ============ ======== ========= ============ ==========



    See notes to financial statements

    F-5





    CASINOBUILDERS.COM, INC.
    (A DEVELOPMENT STAGE COMPANY)

    STATEMENTS OF CASH FLOWS




    Inception Six Months Inception

    Year Ended December 31, (August 23, 1995) Ended August 23, 1995)
    1998 1999 to December 31, 1999 June 30, 2000 to June 30, 2000
    (Unaudited) (Unaudited)


    CASH FLOWS FROM OPERATING ACTIVITIES:
    Net loss $(10,802) $(2,229,374) $(2,254,689) $(115,544) $(2,370,233)
    --------- ----------- ----------- --------- ------------

    Adjustments to reconcile net loss to net cash used in operating activities:

    Amortization of debt issuance costs - 61,507 61,507 4,493 66,000
    Depreciation and amortization 74 4,199 4,446 8,458 12,904
    Common stock issued for services - 1,067,389 1,067,389 47,000 1,114,389
    Non-cash interest on debentures - 200,000 200,000 36,991 236,991

    Changes in assets and liabilities:
    Increase (decrease) in

    accounts payable and accrued expenses 100 170,097 170,418 (5,679) 164,739
    Increase (decrease) in deferred licensing revenues - 120,732 120,732 (120,732) -
    Total adjustments 174 1,607,224 1,607,792 (29,469) 1,578,323
    ---------- ------------ ------------ ------------- ------------
    NET CASH USED IN OPERATING ACTIVITIES (10,628) (605,450) (630,197) (145,013) (775,210)
    ---------- ------------ ------------ ------------- ------------
    CASH FLOWS FROM INVESTING ACTIVITIES:
    Acquisition of intangible and other assets - (42,439) (42,439) - (42,439)
    ---------- ------------ ------------ ------------- ------------
    CASH FLOWS FROM FINANCING ACTIVITIES:
    Issuance of common stock - 100,000 127,600 - 127,600
    Proceeds from advance - - - 100,000 100,000
    Proceeds from sale of debentures - 600,000 600,000 - 600,000
    ---------- ------------ ------------ ------------- ------------
    NET CASH PROVIDED BY FINANCING ACTIVITIES - 700,000 727,600 100,000 827,600
    ---------- ------------ ------------ ------------- ------------
    NET INCREASE (DECREASE) IN CASH (10,628) 52,111 54,964 (45,013) 9,951

    CASH - beginning of period 13,481 2,853 - 54,964 -
    ---------- ------------ ------------ ------------- ------------
    CASH - end of period $ 2,853 $ 54,964 $ 54,964 $ 9,951 $ 9,951
    =========== ============ ========== ========= ==========


    SUPPLEMENTAL DISCLOSURE OF CASH FLOW
    INFORMATION:

    No cash payments were made for income taxes or interest during each of the
    above periods.

    Non-cash investing and financing activities

    Common stock issued for:

    Conversion of debentures $ - $ 300,000 $ 300,000 $ 160,000 $ 460,000
    =========== ============ ========== =========== ================

    Acquisition of intangible assets $ - $ 11,875 $ 11,875 $ 16,400 $ 28,275
    =========== ============ ========== =========== ================




    Note: The Company was inactive during the six months ended June 30, 1999.
    Accordingly, no comparative statement of cash flows is presented herein.


    See notes to financial statements

    F-6





    CASINOBUILDERS.COM, INC.
    ------------------------
    (A Development Stage Company)

    NOTES TO FINANCIAL STATEMENTS

    YEARS ENDED DECEMBER 31, 1999 AND 1998

    1. THE COMPANY

    Casinobuilders.Com, Inc. (the "Company"), formerly known as Magic
    Lantern Group, Inc., was organized in Nevada in August 1995. The
    Company plans to provide consulting, marketing and operational
    services to clients offering electronic gaming entertainment through
    the Internet. The Company was in the development stage at December 31,
    1999.

    UNAUDITED FINANCIAL STATEMENTS - The accompanying unaudited
    interim financial statements have been prepared in accordance with
    generally accepted accounting principles for interim financial
    information. Accordingly, they do not include all the information and
    footnotes required by generally accepted accounting principles for
    complete financial statements. In the opinion of management, all
    adjustments which include normal recurring adjustments necessary to
    present fairly the financial position, results of operations and cash
    flows for all periods presented have been made. The results of
    operations for the six month period ended June 30, 2000 are not
    necessarily indicative of the results of operations that may be
    expected for the year ending December 31, 2000. These financial
    statements should be read in conjunction with the Company's December
    31, 1999 financial statements and accompanying notes thereto included
    in Form 10-SB.

    2. GOING CONCERN

    The accompanying financial statements have been prepared assuming
    that the Company will continue as a going concern. The Company
    incurred cumulative losses of $2,238,000 from inception (August 23,
    1995) to December 31, 1999. Additionally, the Company had working
    capital and total capital deficiencies of $237,000 and $79,000 at
    December 31, 1999. These conditions raise substantial doubt about the
    Company's ability to continue as a going concern. Management's plans
    with respect to these matters include restructuring its existing debt,
    raising additional capital through future issuances of stock and or
    debentures and ultimately developing a viable business. The
    accompanying financial statements do not include any adjustments that
    might be necessary should the Company be unable to continue as a going
    concern.

    F-7





    3. SIGNIFICANT ACCOUNTING POLICIES

    A. USE OF ESTIMATES - The preparation of financial statements in
    conformity with generally accepted accounting principles
    requires management to make estimates and assumptions that
    affect the amounts reported in the financial statements and
    disclosure of contingent assets and liabilities at the date of
    the financial statements. Actual results could differ from
    these estimates.

    B. LOSS PER SHARE - Basic loss per share was computed using the
    weighted average number of shares of outstanding common stock.
    Weighted average share and per share amounts were restated to
    give retroactive effect to the stock splits occurring in March
    1998 and May 1999. Diluted per share amounts when applicable
    also include the effect of dilutive common stock equivalents
    from the assumed exercise of options and conversion of
    debentures.

    C. REVENUE RECOGNITION - Revenues are recognized over the term of
    the contracts on a straight-line basis.

    D. INCOME TAXES - Income taxes are accounted for under Statement
    of Financial Accounting Standards No. 109, "Accounting for
    Income Taxes", which is an asset and liability approach that
    requires the recognition of deferred tax assets and
    liabilities for the expected future tax consequences of events
    that have been recognized in the Company's financial
    statements or tax returns.

    E. FAIR VALUE OF FINANCIAL INSTRUMENTS - The carrying amounts of
    the assets and liabilities reported in the balance sheet
    approximate their fair market value based on the short-term
    maturity of these instruments.

    F. STOCK-BASED COMPENSATION - The company accounts for stock
    transactions in accordance with APB No. 25, "Accounting for
    Stock Issued to Employees". In accordance with statement of
    Financial Accounting Standards No. 123 ("SFAS 123"),
    "Accounting for Stock-Based Compensation", the Company adopted
    the pro forma disclosure requirements of SFAS 123.


    F-8



    4. LOSS ON TERMINATED ACQUISITION

    On October 31, 1999, the Company entered into an agreement
    with Futurenet Holdings Ltd. ("Futurenet") to acquire all of the
    outstanding shares of Cyberluck, Curacao N.V., Conet N.V. and Global
    Cash N.V. for $1,700,000. The acquisition, if consummated, would have
    provided the Company with a Netherlands Antilles exclusive master
    license to operate Internet gaming casinos in addition to certain
    computer equipment and software adapted for such purpose. The purchase
    price was payable in installments due as follows: $650,000 - October
    31, 1999; $350,000 - December 1, 1999; $600,000 - February 29, 2000;
    $100,000 - July 1, 2000. The initial payment of $650,000 was
    non-refundable and was paid $450,000 through September 30, 1999 and the
    balance of $200,000 in October 1999. The Company was unable to make the
    scheduled payment of $350,000 due on December 1, 1999 and accordingly
    lost the right to consummate the acquisition with the result that the
    $650,000 initial payment has been forfeited. The financial statements
    at December 31, 1999 give effect to the termination of the acquisition
    and to the related loss incurred. The Company issued 750,000 shares
    valued at $468,750 to a certain person, contingent on the successful
    completion of the acquisition. The acquisition was terminated, thereby
    requiring the return of the shares to the Company. Such shares were
    returned in June 2000 and cancelled.

    5. INTANGIBLES AND OTHER ASSETS

    At December 31, 1999, intangibles and other assets consisted of the
    following:

    Estimated

    useful life Amount

    ---------------- ----------------
    Office equipment 5 years $ 3,500
    Domain name 5 years 11,875
    Software platform 3 years 39,062
    ----------------
    54,437

    Less: Accumulated depreciation

    and amortization 4,199
    ----------------
    $ 50,238
    ================

    F-9



    6. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

    At December 31, 1999, accounts payable and accrued expenses consisted
    of the following:

    Trade payables $ 89,841
    Consulting fees 51,504
    Professional fees 27,243
    Interest on debentures 2,200
    -------------------
    $ 170,788
    ===================


    7. ADVANCE PAYABLE

    The Company received $100,000 in March 2000 as payment in
    advance for the issuance of the Company's common stock. As of June 30,
    2000, the number of shares to be issued has not been determined.
    Accordingly, such funds are reflected in the financial statements as an
    "advance payable"

    8. DEBENTURES PAYABLE

    In July 1999, the Company issued Series A Convertible
    Debentures in the amount of $700,000 and received net proceeds of
    $600,000 after deducting debt issue costs of $100,000. The debentures
    are payable with interest at one percent per annum commencing August
    1999 and are due in full on July 16, 2001. The debentures are
    convertible at any time into common stock at 75 percent of the closing
    bid price, quoted on the day preceding the conversion date, as reported
    by the NASD "OTC-Bulletin Board". The discount provided to the
    debenture holders represents a beneficial conversion feature which at
    the time of issuance amounted to $200,000. Such amount was included in
    interest expense in the financial statements at December 31, 1999.
    Interest at one percent per annum is accrued monthly and is convertible
    into common shares as determined by the agreement. Debt issuance costs
    are being amortized over the life of the loan or July 16, 2001,
    whichever is sooner. At December 31, 1999 such costs amounted to
    $61,507 and were included in the financial statements as interest
    expense. Debentures payable at December 31, 1999 of $ 361,507 are net
    of unamortized debt issuance costs of $38,493. The Company issued
    995,224 shares of common stock upon conversion of $300,000 of
    debentures through December 31, 1999. At December 31, 1999 the Company
    incurred debt service costs of $49,500, which were included as interest
    expense in the financial statements at such date.

    F-10


    9. DEFERRED LICENSING REVENUES

    On September 15, 1999, the Company signed a contract to
    license a Turn-Key Internet Casino for a term of three years expiring
    in September 2002. The agreement called for an initial payment of
    $65,750 upon signing of the contract and $200,000 within 120 days
    thereafter. In January 2000, the customer terminated the agreement and
    accordingly forfeited the initial payment. In December 1999, the
    Company received an advance of $54,982 for services to be provided in
    the year 2000. Such receipts, totalled $120,732 and were included in
    the financial statements as deferred licensing revenues at December 31,
    1999. The Company recorded the full amount of such revenue as income
    earned during the six months ended June 30, 2000.

    10. LEASES

    Prior to May 1999, the Company neither owned nor leased any
    real property. The Company currently utilizes an executive suite in
    Colorado Springs, Colorado, which provides mailing and secretarial
    services to the Company on a month-to-month basis at $50 per month.

    The Company's client support offices are located in Kirkland,
    Washington. The Company leases this space on a month-to-month basis at
    $500 per month.

    Total rent expense for 1999 was $3,283.

    11. STOCK SPLIT

    On March 3, 1998, the Company declared a forward stock split
    on a 30:1 basis. On May 13, 1999, the Company declared a forward stock
    split on a 2:1 basis. All share and per- share amounts in the
    accompanying financial statements have been restated to give
    retroactive effect to the stock splits.

    F-11


    12. STOCK OPTIONS

    On September 15, 1999, the Company instituted a stock option
    and restricted stock plan which is available to selected directors,
    officers, employees and consultants of the Company ("Participants").

    The term of each option is ten years from the date of grant or
    such shorter term as determined by the Stock Option Committee (the
    "Committee") except for a grant to a 10% shareholder, for which the
    term will be five years. The exercise price will be determined by the
    Committee and will not be less than 100% of the fair market value of
    the shares subject to the option on the date of grant.

    The restricted stock would be granted to Participants for
    services rendered at no additional cost to the Participants. The terms,
    conditions and restrictions of the stock will be determined by the
    committee on the date of grant. On the date the restriction period
    terminates, the restricted stock will vest in the Participant.

    On September 15, 1999, the board of directors granted Messrs.
    Ruppanner and Randall, both officers of the Company options to purchase
    up to 2,000,000 shares each of common stock at $0.35 per share through
    December 2009, with vesting over a three-year period from the date of
    hire. The aforementioned options were the only outstanding options at
    December 31, 1999.

    Pro forma information regarding net loss and loss per share is
    presented below as if the Company had accounted for its employee stock
    options under the fair value method of SFAS 123; such pro forma
    information is not necessarily representative of the effects on
    reported net income for future years due to, among other things: (1)
    the vesting period of the stock options and the (2) fair value of
    additional stock options in future years.

    Had compensation cost for the Company's stock option plan been
    determined based upon the fair value at the grant date for awards under
    the plan consistent with the methodology prescribed under SFAS 123, the
    Company's net loss for the period ended December 31, 1999 would have
    been approximately ($2,741,811) or ($0.23) per share. The weighted
    average fair value of the options granted during the period ended
    December 31, 1999 are estimated as $0.35 on the date of grant using the
    Black-Scholes option-pricing model with the following assumptions used
    for the period ended December 31, 1999: expected dividend yield of 0%,
    expected volatility of 50%, risk free interest rate of 5.7%, and an
    estimated life of five years.

    F-12


    13. INCOME TAXES

    The following is a reconciliation of income taxes and amounts
    computed using the U.S. Federal statutory rate and the effective tax
    rate for the years ended December 31, 1999 and 1998

    1999 1998
    ------------ ------------
    Pre-tax loss $ (2,212,000) $ (10,800)
    ============
    Tax benefit at Federal statutory rate (35%) (774,000) (3,800)
    Permanent differences 4,000 -
    Tax benefit not recognized 770,000 3,800
    ------------- ------------
    Taxes per financial statements $ - $ -
    ============= ============


    The Company has adopted Statement of Financial Accounting
    Standards No. 109, "Accounting for Income Taxes". Under this standard,
    the Company records as an asset its net operating loss carryforward
    ("NOL") based upon current tax returns, and establishes a valuation
    allowance to the extent of any NOL which will not be utilized in the
    foreseeable future. At this time, the Company can not reliably predict
    future profitability. Accordingly, the deferred tax asset has been
    reduced in its entirety by the valuation allowance. As of December 31,
    1999, the Company had net operating loss carry forwards of
    approximately $2,234,000 expiring variously through 2019.

    A significant portion of these carry forwards may be subject
    to limitations on annual utilization due to "equity structure shifts"
    or "owner shifts" involving "5 percent stockholders" (as defined in the
    Internal Revenue Code), which resulted in more than a 50% change in
    ownership.

    14. SUBSEQUENT EVENT

    In June 2000, the Company issued 1,475,193 shares of its
    common stock in accordance with the conversion provisions of its Series
    A Subordinated Convertible Debentures. Under the advice of counsel,
    these shares were issued with a restrictive legend in accordance with
    the Securities Act of 1933. Although there is no pending litigation,
    nor threat of litigation in this matter, the debenture holder may take
    action against the Company to remove the restrictive legend from these
    shares.

    The Company is unable to assess the merits of a potential
    claim if such demand or action is brought against the Company, nor is
    it able to quantify the potential loss, if any, that might result if
    such claim is asserted. Accordingly, the financial statements do not
    include a provision for loss that might arise from such claim.

    F-13
     
  24. Jul 6, 2001
  25. mary

    mary Dormant account

    Executive summary:

    Do not buy this stock. This company just loses money. They failed to sell online casino packages, and the one they did sell, they got stiffed.
     
  26. Jul 17, 2001
  27. mary

    mary Dormant account

    Tuesday July 17, 5:00 am Eastern Time
    Press Release
    SOURCE: Innovative Gaming Corporation of America
    Innovative Gaming Enters into Joint Venture With GET; Joint Venture to Supply Revolutionary Gaming Technology
    LAS VEGAS, July 17 /PRNewswire/ -- Innovative Gaming Corporation of America (Nasdaq: IGCA - news) today announced that it has agreed to form a joint venture with GET Holdings / Gaming & Entertainment Technology (GET), an Australia-based computer technology company that specializes in developing Internet gaming systems. The GET system prevents Internet gaming operators from accepting bets from jurisdictions where Internet gaming is prohibited -- including the United States of America.

    The joint venture will be tasked to the staged development of products for the gaming industry that combine the IGCA proprietary operating system with the games and back-of-house server based technology developed by GET. The joint venture and its products are subject to licensing and other regulatory approvals. In addition to independent projects that GET or IGCA may pursue with other gaming licensees, both companies consider the joint venture as an additional vehicle for strategic alliances with casino operators and gaming equipment manufacturers.

    Roland Thomas, Chairman and CEO of IGCA, commented: ``We have continually positioned IGCA to develop revolutionary gaming technology. This joint venture provides a significant opportunity to design and deliver new generation gaming technology as regulations allow for their implementation. The GET System is not limited to use on the Internet but also provides a significant ability to link games on an intranet basis for use within one casino or to link multiple casinos within one jurisdiction. Access to the GET technology will increase our ability to rapidly react to anticipated changes in the gaming industry and to provide casino operators with increasing flexibility in game deployment.''

    Tibor Vertes, CEO of GET said, ``Together we have the technical resources and expertise to deploy IGCA and GET's existing games, and games sub-licensed from third parties on IGCA's PC-based platform. GET has provided systems and software only within highly regulated markets such as Australia, where it has been approved as a gaming system manufacturer.''

    Innovative Gaming Corporation of America, through its wholly-owned operating subsidiary, Innovative Gaming, Inc., develops, manufactures and distributes fast playing, high-entertainment gaming machines. The Company distributes its products both directly to the gaming market and through licensed distributors.

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward looking matters discussed in this news release are subject to certain risks and uncertainties including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission, such as the Company's Form 10K for the fiscal year ended December 31, 2000 and the Company's Form 10Q for the quarter ended March 31, 2001. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

    SOURCE: Innovative Gaming Corporation of America
     
  28. Jul 26, 2001
  29. mary

    mary Dormant account

    The Original Mary
    Member posted 07-17-2001 07:32 PM
    --------------------------------------------------------------------------------
    I'm in a "big picture" mood today, and I think I see some industry trends developing.
    1.The "turnkey" model doesn't work.

    By this I mean the casino model in which a small investor purchases the "ownership" of a domain name and the responsibility for the marketing account. The casino software, hosting, Internet connection, customer service, accounting, webpage design, and credit card/ecash processing are all provided by a suite of third party vendors for flat fees or percentages.

    What this means for the player is bad quality control. The so-called "owner" makes promises that s/he actually does not have the coercive power to keep, since the staff and setup for the third parties are all loyal and responsive to their own needs. "Owners" are in a position to compete with other "owners" for the resources they have contracted. If there is a problem, an epidemic of finger-pointing and buck-passing ensues.

    The "turnkey" model is predicated on the axiom "Enough advertising will solve all problems"; and that's not true. Advertising, in fact, is becoming a less cost-effective protion of the equation all the time, as the advertising universe becomes ever more cluttered. Because the backend and software are essentially identical, no amount of theming and noise can overcome the essential sameness of the sister casinos all sold by the same packaging agency.

    The packaging agency doesn't feel the pain of the owners. Their income is based on the initial sale, so it is in their interest to continue to increase the competition between their clients by continuing to sell the same old same old. In fact, they do *better* if their clients fail and drop out of competition--look at gamblingsoftware.com for the classic success story here.

    If you are looking to invest in the casino industry or to play online, avoid the "turnkey" casinos; they are set up to benefit the middlemen (third party suppliers) at the expense of the "owner" and the players.

    2.Don't pay by percentages and don't chase revenue.

    Casino operators are giving away more and more of their revenue on a percentage basis. The credit card people get a percentage. The advertising affiliates get a percentage. The players get a percentage.

    The problem with percentages is that not all players lose all they deposit, and many of these percentages are based on deposit. Well, some players are going to win, and where does that money come from? Whatever percentage sliver the owner has left.

    Many businesses get into a trap of chasing increasing revenues (Amazon.com anyone? Tropika?)but if you're handing out more money than you're taking in, speeding that process up will not save you! Casinos are vulnerable to big swings in revenue if they take bets that are too big in their chase for "action"--and this hits land operators, too.

    3.Don't do something at your casino just because everybody else is doing it.

    How many online casinos actually have done "risk of ruin" analysis on the bet sizes they support? If you own or run a casino and you don't understand this question, you should.

    Casinos that adhere to the above principles--are turnkey operations running on percentages with managers/owners who don't understand the math involved--are doomed to fail. They will either make money by stealing successfully from players or from investors/owners, but they are systemically weak to stronger competition, bad luck, or strong players.

    Unfortunately, because there are interests who do successfully make money under this model--software vendors, small jurisdiction regulators, repackagers--these stinky little miserable shady casinos will continue to pop up anew, like mushrooms on dung. Some may very well be all the same players under new domain names and old domain names become tainted and burned.

    What operators will succeed? Those that keep all their functions in-house, under one management, so that there is true responsibility and communication between all the functions. Those that are an integrated marketing adjunct to land operations, hence not vulnerable to the costs of advertising as an Internet only-expense. Those that can afford to invest in a database of quality players, meeting their needs and offering appropriate bonuses as inducements to those players who (shhh) aren't good players. By investing in a database, I mean those operators who have smarter backends that allow them to target their promotions without inviting the world and then pissing off Denmark en mass.

    These operators do rely on a strongly regulted environment to succeed, because the bad operators provide unfair competition.



    Dirk_Dangerous
    Member posted 07-18-2001 10:22 AM
    --------------------------------------------------------------------------------
    Certainly agree with your "turnkey" observations. The sellers and service providers make money by selling casino software. Whether the casino does well after the sale is almost a moot point. The provider still get his money.
    And I couldn't agree more with #3. I look at some of these RTG sites and thier $500 max bets, and I can only shake my head. Most of these sites have no business offering these kinds of limits. Sooner or later someone is going to get lucky and walk between the raindrops and hit the site for a large sum.

    Dirk


    Jetset
    Member posted 07-19-2001 02:31 AM
    --------------------------------------------------------------------------------
    This is a good discussion.
    38S, many casinos are paying 25 percent royalties and I have heard of higher than that for owners who don't have enough cash upfront (harken back to the GSS scandal and the revelations there about the "deals" that were available!) just for the software. And then the cc processors take their piece of the action too. And the "licencing" jurisdictions want to take a bite for largely doing nothing at all ...so it goes on.

    You would think that protecting royalties by taking an early interest in bad operational technique would be a priority for software providers wouldn't you - just in terms of self interest!

    I agree with you that a higher initial casino sell price would be a deterrent to the underfunded but there are so many providers and "cheapo" routes that would-be owners can take these days - I heard of another one (connected to Starnet) just the other day where the blurb started "build your own casino!"

    Some providers take more care in vetting their prospective licencees too - in many other cases that side would appear to be perfunctory to say the least.

    There is IMO a desperate need for the US of A as the biggest market segment to take the proactive lead in regulation instead of banning but in the meantime it's a hazardous industry and the player in particular really needs to be on guard in making his or her casino selections.

    Trader
    Member posted 07-19-2001 02:02 PM
    --------------------------------------------------------------------------------
    I think you will see more alliances and marketing of casino groups in the future. Brand marketing and shared loyalty programs may prove much less expensive than continuous promotions that may prove too good for the players and lead to ruin. (Tropica). So far most of the savings have been in shared customer support. Loyalty programs are much more predictable than trying to come up with a different promotion every week. They also offer less potential for abuse and misunderstandings.
    Major software providers may find it is in their long term best interest to sell to a few strong groups rather than to anyone who can borrow their published price, even if it means volume discounts for top tier operators. This has already happened in fast food franchising. Have you ever seen a McDonald's go out of business?

    More casinos will offer both download and flash versions, one for home use and the other for work or travellers who need their gambling fix. Both versions have their proponents. Why limit your potential market?

    More professional management in a few large groups with actual business experience as well as gambling expertise will eventually mean fewer chargebacks and disputes, so don't cut up those credit cards yet.

    Government involvement still has the potential to wreck the whole thing. If our politicians insist on having a finger(or two) in the pie, disregard the previous four paragraphs. Get a real job.

    IP: Logged


    CasinoNow
    Member posted 07-22-2001 04:07 PM
    --------------------------------------------------------------------------------
    Very good post Mary. I have read it now, on a few different occasions, and still find it as intriguing as the first time. On the whole, I agree with everything you say. However, as is the case with most things, I do not think that the turnkey model can be quite so generalized.
    I do think that the problems you have identified are the case in point for the well known turnkey providers, such as Boss Media, but there are a large number of other places to shop around, many of which are very different from the basic turnkey model. A good example here would be Interactive Gaming & Wagering in Curacao. Naturally, they want everything to be physically on their property in the Bon Boni building for security reasons, but you can bring in your own hardware, your own staff, etc, and maintain a great deal of control over your operation.

    This is a somewhat unique case for casino software companies though, as most want to retain the control over the operator so they can collect their monthly maintenance fees. However, if you step outside the scope of casino games and look at internet wagering as a whole (including sports books, lotteries, pari-mutuels, etc), you will see that this is clearly not always the standard operating procedure. In fact, most of the places I have visited in all other forms of internet wagering do just the opposite, they are simply in the business of licensing software, and it is up to the operator to pull together all related services. This is especially true with sports books, where a support clerk must also double as a ticketing agent and has direct access to the line.

    Regardless of all of this, I also agree that the turnkey model will need to be changed drastically, to the point where it's original form can barely be recognized. The biggest eliment is in personaliation, as everyone will need to cater to a specific market segment, and to have their site personalized for that niche. The software will also need to be personalized by individual users as well, along with having the ability to track preferences so that the experience can be further refined to an individual users needs.

    These tools will also be combined with much more robust content feeds as a method of obtaining return business. The personalization tools can be used to filter content so a user only see's what is important to them, or if they strictly bet, the software will recognize this patten and always take them straight to the action.

    Since I am most proficient with sports wagering, I will use that as an example. Say I am an average public player who always bets on the home team, even if I think they are going to lose. I would most likely always be greeted with content pertaining to the home team, with secondary content pertaining to the sport or league, and tertiary content that allows me to instantly bet on the team. Or, to the other extreme, if I always bet, my primary content would probably be a general betting menu, with secndary and tertiary content leading to different betting options.

    That's going a bit off topic, so I will continue on. Another area that will be vital to the future of internet wagering sites will be to clear up the misconceptions about gaming licenses. I can't tell you how many times I've read posts that say "I will gamble at sites in Antigua because they are licensed" or "I will never gamble at a Costa Rica casino because it's not a real license".

    As someone who has been to both of these jurisdictions and others on multiple occasions, I can tell you that both of these statements are complete nonsense. With today's state of licensing and regulation, all that it means is that the guy in Antigua was willing to pay an additional $100k per year just for a certain level of player perception. In fact, many of the "unlicensed" jurisdictions, such as Costa Rica, have many benefits to offer that places like Antigua will never be able to offer, yet the are pronounced to be substandard just because they are honest in their licensing policy rather than trying to create the illusion that something exists to regulate these sites.

    Yikes. Sorry for this to be a bit long of a rambling. There are a ton of other things that can be said, but I'm sure that this is quite enough for one post. lol

    Jerry Garner
    CasinoNow Gaming Resource Center

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    The Original Mary
    Member posted 07-22-2001 11:09 PM
    --------------------------------------------------------------------------------
    I think some of the differences you've noticed in the marketing of online casinos versus other forms of gambling reside in the perceived greater complexity of casino software versus sportsbook software. Sportsbook is more easily understood and considered a glorifed spreadsheet; the casino software is marketed as high-tech, leading edge, etc.
    The casino software vendors have a greater investment in their product. Look at the similarity with Bingo in terms of turnkey packages.

    IP: Logged

    Jetset
    Member posted 07-22-2001 11:38 PM
    --------------------------------------------------------------------------------
    Costa Rica is currently working up legislation to licence online gambling in a more "formal" sense and increase fees whilst Antigua has tightened its regulatory framework under pressure from international monetary authorities. It also imposed a tax, of course!
    None of which means too much to the player unless it is accompanied by genuine complaint mechanisms which are responsive and have teeth.

    Mary says, and I largely agree "What operators will succeed? Those that keep all their functions in-house, under one management, so that there is true responsibility and communication between all the functions. Those that are an integrated marketing adjunct to land operations, hence not vulnerable to the costs of advertising as an Internet only-expense. Those that can afford to invest in a database of quality players, meeting their needs and offering appropriate bonuses as inducements to those players who (shhh) aren't good players. By investing in a database, I mean those operators who have smarter backends that allow them to target their promotions without inviting the world"

    That final point on database mining, on which Jerry also comments, is especially valid.


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    CasinoNow
    Member posted 07-23-2001 12:27 PM
    --------------------------------------------------------------------------------
    This is what people would like you to perceive, and I suppose that in terms of graphics and animation the casino software is a lot more complex, but when it comes to the source code that makes everything work, casino games are baby steps compared to writing a program to handle all of the various features that sports books need.
    In fact, with the exception of a few proprietary packages, I have yet to see a single software company capable of doing it perfectly. They all have their faults, especially the industry leader, IQ-Ludorum. They are the biggest name out there in sports book software, and many of their senior members are very good friends of mine so I hate to say it, but their product is full of holes, and it is far superior to almost every other package I have seen. Unfortunately, there's no serious competition in that market the way there is for casino software, so there is no incentive for them to improve what they have.

    Anyway, my point is that when people think of sports book software as a glorified spreadsheet, they most likely have never had any contact with the software or the back end controls, or if they have, they have only seen an admin screen without actually interacting with the lines. Casino software relies on a predetermined set of rules, a number selection process and a ton of database tables with Corba or some other data mining utility. Sports books also require all of these, only without so many predetermined rules to hold it all together. It requires a high level of human interaction, so it has to be that way.

    Jerry Garner
    CasinoNow Gaming Resource Center


    quote:
    --------------------------------------------------------------------------------
    Originally posted by The Original Mary:
    I think some of the differences you've noticed in the marketing of online casinos versus other forms of gambling reside in the perceived greater complexity of casino software versus sportsbook software. Sportsbook is more easily understood and considered a glorifed spreadsheet; the casino software is marketed as high-tech, leading edge, etc.
    The casino software vendors have a greater investment in their product. Look at the similarity with Bingo in terms of turnkey packages.


    --------------------------------------------------------------------------------


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    Burnt Toast
    Member posted 07-23-2001 07:00 PM
    --------------------------------------------------------------------------------
    Just a couple of things to add...
    I don't think the turnkey model is doomed, I just think it needs to get smarter - there are a lot of turnkey solutions out there that are crap no matter how you look at them, there are others that get a lot of things right, but are probably a little too pricey.

    *********************************
    The biggest problem with Internet Casinos is that there are too many investors being wowed by the promise of unlimited profits that know absolutely nothing about the industry that they are getting into. More times than not, the people seeking this investment who plan to operate the casino know little of the industry either.
    **********************************

    I don't care how much money you throw at it, if you don't understand the operations of Internet Casino's, and more importantly the operations of Internet E-Commerce in general, you will ultimately fail - whether your marketing policy is excellent or not.

    The biggest key to the success of Internet Casinos is the management team. Without someone experienced to guide you through the minefield of possible pitfalls, you will ultimately come crashing down to earth when you least expect it... (the most common would have to be susceptability to fraud, and there are many, many ways a casino can come undone there).

    There are too many people in this industry that have absolutely no idea about what they are doing and think they can make bucket loads of money out of it... Having a sound business plan and a thorough knowledge of your product and the industry you are entering is absolutely crucial - moreso here than anywhere else, because there are a lot of people out there who will have you believe that they have the experience and the know-how to do it all for you - sadly, this is rarely the case.

    IP: Logged

    The Original Mary
    Member posted 07-23-2001 08:18 PM
    --------------------------------------------------------------------------------
    Jerry, I agree with you that sportsbook software can in actuality be more complex than casino software--that's why I hedged my comparison, because I think, in general, casino (and Bingo) software are marketed with more smoke and mirrors about the product as high-tech hoohah.
    I've been "marketed to" by some of the low-end turnkey providers, and my ability to manage any business was never a consideration. This was a business that ran itself, write the check. If I lacked the necessary expertise, it would be provided for me, at a reasonable fee.


    IP: Logged

    Trader
    Member posted 07-23-2001 08:43 PM
    --------------------------------------------------------------------------------
    One thing the industry needs is an authority strong enough to bring down the crooked operator or the dishonest gambler.
    It may not be a government because of the complexities of international commerce over the internet. Governments are too slow to deal with many of the problems. After several years the US Congress is still in the talking and posturing stage concerning cross-border gambling. The best they can probably hope for is to collect taxes on winnings paid to US residents. Should it become legal to operate online casinos in the US, anything more than modest taxation will drive them offshore again. There is no real advantage to locating your servers in any particular country except for the regulation and taxation policies of the location.

    I think some private impartial organization, maybe the OPA, will become a trusted authority for the industry. It would need to be so respected and well known that no casino would chance being on its blacklist. It would also have to be so widely known that even new gamblers would know to check with this authority BEFORE gambling with someone they would never meet in person.

    Right now online gambling is very much like the mining towns of the 19th century Wild West. You don't know who you are dealing with or if the dealer is using a marked deck. A big difference is that you can't pull out your Colt 45 to settle a dispute quickly and with finality. Golden Palace is very fortunate about that.

    [This message has been edited by Trader (edited 07-23-2001).]

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    Burnt Toast
    Member posted 07-23-2001 09:32 PM
    --------------------------------------------------------------------------------
    ***************
    I've been "marketed to" by some of the low-end turnkey providers, and my ability to manage any business was never a consideration. This was a business that ran itself, write the check. If I lacked the necessary expertise, it would be provided for me, at a reasonable fee.
    ****************
    That's precisely my point - many of these turnkey operators don't know what they are doing either, despite what they would have you believe... many of these companies for instance just don't take any internet security measures at all, and as for a policy for minimising fraud - it barely enters their minds at all... you may chug along ok for a few months or so, but eventually something is going to happen.

    The trouble is, it doesn't take a lot to bring a casino down - if the turnkey operators have a good history in the industry, then they probably have a reasonable idea... the trouble is, many of these are a little too pricey. The smaller companies offering turnkey solutions who are jumping in to take advantage of the many reports of the untold riches awaiting anyone who invests in the online gambling industry, really are a timebomb waiting to happen.

    Investors can't rely on someone else telling them how great something is and then taking their word for it that they'll look after it. Maybe I'm just a little over cautious, but investing in anything that you know absolutely nothing about is a recipe for disaster... the big tech crash was only just over a year ago, but the mentality that created it is still alive and well.

    My prediction for the Internet Gaming industry over the next 12 months (hopefully I'll be wrong, it's a little bleak):

    * Too many operators are coming online to capitialise on the existing market (I don't think the market is growing as fast as the operators have over the past 6-12 months).

    * Any company that doesn't understand its product (and its limitations) are going to have a hard time over the next 6 months. Having an effective marketing policy will help, but knowing your product (and the industry) is crucial - your marketing policy will mean nothing if you are hit with a big wave of fraud that you weren't equiped to handle (probably the most common pitfall a casino has to deal with).

    * Many hastily organised companies are going to go out of business, maybe taking players money with them... a few of them will probably panic and offer huge unrealistic promotions in a last ditched bid to get their market share back and that will just make the problem even worse.

    * There will be a big rationalisation in the marketplace and the majority of punters will flock to the big name brands or the highly regulated jurisdictions.

    * This will drive the marketshare away from other smaller operators, thereby compromising their financial position.

    * The end result will be a marketplace that is very hard for a new operator to establish themselves unless they have a big well known brand name behind them, or are operating in a respected regulated jurisdiction.

    That is of course if Mastercard and Visa don't stuff things up and a heap more governments don't try to take the moral ground and pretend to ban it, thereby creating more confusion, uncertainty etc.

    Maybe a bit bleak... don't get me wrong though, there is a lot of room for companies to set up and do it properly, but I can see a big shake up coming - the smaller operators who are jumping in blind at the promise of great riches (and there are a lot of these out there) are going to go belly up by the truck load and take peoples money with them. It'll be good for the big name brand companies I guess, but this has the dot.com crash written all over it.

    [This message has been edited by Burnt Toast (edited 07-23-2001).]


    The Original Mary
    Member posted 07-23-2001 11:19 PM
    --------------------------------------------------------------------------------
    if anything, the Great Credit Card Burning of North America is going to magnify the stress on the smaller operators. I assume that the new EFT firms will allocate their resources to their best customers first and let the small fry wait at the back of the line, annoying customers already unhappy about daily changing payment options.

    CasinoNow
    Member posted 07-25-2001 09:53 AM
    --------------------------------------------------------------------------------
    Just a short note here on the topic of vendors offering to maintain all control except for marketing, particularly the lower end providers.
    Obviously, the more control an individual operator maintains, the better it is for all concerned, assuming that they have the resources with which to effectively manage all of the various aspects.

    However, for most people, the only solution that makes any sense is to go with a company who will manage all of this for them, and to try to do it all yourself is simply insanity. I don't know how many of you have ever set up a system like this from scratch, but I can assure you that it is an overwhelming project that will completely drain you of both time and finances.

    We are not talking about something as simple as ordering servers to be set up with an internet connection. There is a lot of hardware and fiber to provision, lots of contracts to negotiate with 3rd party companies, building out office space and filling it with staff, not to mention training everyone. It means having admin staff for the paperwork, support staff for the players, tech staff for the hardware, and on and on and on. It is an enormous undertaking, and one that doesn't come with a cheap price tag, to say nothing of those who want full redundancy and have to duplicate everything.

    Anyway, while I agree with the things that have been said, the truth of the matter is that the turnkey approach is the only one that makes any business sense for the vast majority of operators.

    Jerry Garner
    CasinoNow Gaming Resource Center

    The Original Mary
    Member posted 07-25-2001 01:43 PM
    --------------------------------------------------------------------------------
    I question the whole idea of considering a turnkey operator to *be* an operator/owner. It appears to me that in many cases functionally the "owner/operator" is in essence a marketing manager without true managerial control over procedures, staff, or functions.
    There are many industries in which participation is limited by cost of entry. I think many of the turnkey programs are sold on an illusion of ownership-certainly GSS is--and I think Claude Levy is probably the most visible example of an operator who wants control and didn't get it in many of his licensee relationships!
     
  30. Jul 26, 2001
  31. mary

    mary Dormant account

    Author Topic: Where the Online Casino Industry is going
    Trader
    Member posted 07-25-2001 03:36 PM
    --------------------------------------------------------------------------------
    You have my permission, Mary.
    I would also like to make another bold prediction: Pretty soon online casinos will adopt a concept that is pretty much universal among successful businesses, whether online or brick and mortar. What is this fabulous innovation?

    THEY WILL START ASKING CUSTOMERS WHAT THEY ACTUALLY WANT!

    Eventually we will be given more options about deposits and withdrawals. For example, do I really want to pay a $30 fee for courier delivery when I can get a check by ordinary mail in a week? If I live 7000 miles away in a country that does not use the US Dollar as its currency could I have the option of a wire transfer?

    Can I have the option of declining a bonus if the terms that go with it are too onerous?

    Would Sam Walton run an online casino using any of the existing models? I think not.

    IP: Logged

    Trader
    Member posted 07-25-2001 03:47 PM
    --------------------------------------------------------------------------------
    I, for one, welcome the appearance of both Geisha Pitboss and Omni Pitboss to this board. I think it would be great if some kind of live chat forum could be developed for some of the casino owners and managers to respond to players' concerns.
    Sometimes the discussion here gets a little heated and less than perfectly polite, but I don't see how an open exchange of ideas could make the industry any worse.

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    Burnt Toast
    Member posted 07-25-2001 05:42 PM
    --------------------------------------------------------------------------------
    Sure Mary - No problem.
    Getting back to turnkey providers. I agree, that it makes perfect business sense in theory, but in practice is another thing. Precicesly because of the amount of effort, money and experience involved with setting a place up.

    I don't think this industry is for everyone, and just because you have a bit of money floating around doesn't mean it's a good idea to give it to a little turnkey provider whom you really know nothing about. Experience in this industry is essential (not just in gaming, but in Internet e-commerce too), whether you go it alone and build your own team or use a turnkey provider.

    An organisation like MicroGaming for instance provide a good experienced turnkey solution, but they charge you a heck of a lot for it in the process. Go with the cheaper guys and you don't have the experience, which as far as I'm concerned is like playing with fire. Maybe there are some out there that offer a good compromise of cost and experience, but how do you know when you find them?

    Turnkey providers are certainly an option, all I am saying is do your homework, check out their experience and their methods - one quick and easy check is to see if they have adequate documentation for their product and whether they have any written Interal Procedures or Policies for handling specific events (such as detecting fraud, or Internet security for instance) - you should then go further by looking at their design architecture to see how they handle Internet security - you wouldn't believe what some companies regularly transmit accross unencrypted links - there are so many people in this industry that simply don't have a clue, and as an investor (whether in a turnkey solution or otherwise), you wear all the risk, with none of the responsibility. That's not smart business practice, you need to at least have some idea as to what you are doing - even if it is just to check that you have the right people with the right experience and skills working for you.


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    Jetset
    Member posted 07-25-2001 09:50 PM
    --------------------------------------------------------------------------------
    Mary - sure, you're welcome.
    Trader - noone is contesting the right or desirability of industry folks getting involved here, in fact I applaud it. It is simply a matter of respect and courtesy in not pushing too hard commercially whilst making the contribution.

    Burnt Toast says do your homework when considering a turnkey provider and he is right on - in 20/20 retrospect I can say that some of the companies I have looked at in the past were woefully ill-informed once you got past the glossy website, so you need your experience to warn you about their lack of it so to speak (assuming that they are not all on the ball).

    BT also says "Experience in this industry is essential (not just in gaming, but in Internet e-commerce too), whether you go it alone and build your own team or use a turnkey provider." I couldn't agree more. There are any number of business-critical areas where an operator can see his or her rear end, and the turnkey guys do not always know about them or mention them.
     
  32. Jul 26, 2001
  33. mary

    mary Dormant account

    I'm surprised at the level of ignorance sometimes displayed by the managers of online casinos. What are some things a manager should know?
     
  34. Jul 26, 2001
  35. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    Well, just for starters, and this goes for any company that is customer service "heavy", make sure your customer service reps can read and write English beyond the third grade level (assuming that this is the language used for business).

    You are what you "is" and appearance is everything. For casino reps confusing "your" instead of "you're" freaks me out. DO NOT USE A SPELL CHECK TO PROOFEAD!! You will overlook homonyms everytime.

    Bone up on some simple punctuation rules; know when to use commas, semi colons, etc.

    They should remove the "!" key from their keyboards. What irks me is when I get an email from a manager that wishes me a "fantastic day!!!!". Why not just smother the email in happy faces like some teenage girl? Or send me an inflatable doll? The Vegas Strip casinos do this way too often as though they all went to the same marketing seminars. Yuck.

    More later,

    ~b
     
  36. Jul 26, 2001
  37. 100kwinner

    100kwinner Dormant account

    They also need to learn how to press their "REPLY" button a little more often and a little quicker.
     
  38. Jul 26, 2001
  39. mary

    mary Dormant account

    Thursday July 26, 11:00 am Eastern Time
    Press Release
    SOURCE: GEM Communications LLC
    15th Annual World Gaming Congress and Expo Goes Web Wide With New Site
    LAS VEGAS, July 26 /PRNewswire/ -- The 15th Annual World Gaming Congress and Expo (WGCE) has launched a new web site, making it easier than ever for attendees and exhibitors to register and get information on the world's largest gaming expo.

    The new web site, You must register/login in order to see the link., has everything attendees and exhibitors need to know about WGCE, which takes place October 17-19 at the Sand's Expo Center in Las Vegas. The site gives complete conference schedules for Slot Manager Institute, GameTech and WGCE, listing seminar times, course descriptions and speakers.

    WGCE's keynote speakers, Steve Wynn, Eric Brockovich and Ernest Stevens, Jr., are also on profiled on the new site, complete with bios, photos and speaking times. A click-through on the Expo gives a complete expo description, show hours and information on the entertainment and hospitality pavilions.

    For those thousands of attendees coming from outside of Las Vegas, there is a wealth of information on host hotels. Getting to Las Vegas is easier with the site's listings of airlines, complete with reservation information and discounts. Of course, the site wouldn't be complete without full on-line show registration capabilities (register by July 31 and save 25 percent off the full conference rate). Specifically for exhibitors, there is information on booth reservations and sponsorship opportunities.

    The new site is a spin-off of You must register/login in order to see the link., the web's most complete site for gaming information from all sides of the industry. Worldgaminglive.com features the industry's latest news, information on gaming trade shows, information on GEM's family of gaming publications and e-newsletters, and gaming stock information.

    The 15th annual World Gaming Congress and Expo is the world's the largest and most successful international trade show for the Gaming industry. More than 20,000 people from around the world will attend this year's event.

    SOURCE: GEM Communications LLC
     
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