My Casino - Half Yearly Report - Part A

management team, My Casino is well placed to achieve the desired long
term results for shareholders."

The following is summary of the company's half yearly results:

* My Casino reported turnovers totalling AUD$108 million in the first
 three months of full scale gaming operations, breaking down into
 AUD$22 million in May, followed by AUD$36 million in June and in
 excess of AUD$50 million in July.
* These high levels of play generated a revenue of AUD$1.4 million in
 May and June.
* The company reported an operating loss before abnormals tax of
 AUD$1.1 million.
* The company maintains its strong cash position with immediate cash
 in hand with in excess of AUD$5 million.
* In July 2000, My Casino and Barclays Bank initiated an extensive
 upgrade of the credit card transaction procedures after substantial
 growth and high turnover extended the systems that were in place,
 which were initially based on a lower turnover growth model.
* On the 6 September 2000, My Casino announced that the credit card
 transaction system had been successfully reinstated following an
 extensive upgrade incorporating a number of security measures, aimed
 at negating the use of fraud accounts.
* The reinstatement of the new highly secure credit card
 facility is expected to show encouraging upturn in volumes of
 business contributing to My Casino's operational growth as the
 company continues to pursue expansion within existing and new Asian
 markets. In particular the responses from new Far Eastern Asian
 markets have been favourable indicating that company plans to
 develop business in these areas will maximise high turnover volumes.

FOR FURTHER INFORMATION PLEASE CONTACT:

Karen Latter, Senior Consultant - The Capital Group,
Ph: (08) 9381 1877
Gordon McIntosh, Managing Director - My Casino,
Ph: (08) 9481 1525

MORE TO FOLLOW

attributable to members (item 2.5)       loss            of   (5,715)

Operating profit (loss) after tax
(before amortisation of goodwill)
attributable to members (item 1.26)      down         -% to   (1,078)

Operating profit (loss) after tax
attributable to members(item 1.10)       down         -% to   (6,793)

Extraordinary items after tax
attributable to members (item 1.13)      gain/loss       of         -

Operating profit (loss) and
extraordinary items after tax
attributable to members (item 1.16)      down         -% to   (6,793)


Dividends (distributions)                 Amount per    Franked amount
                                          security      per security
                                                         at 36% tax

Final dividend(Preliminary final
report only - item 15.4);
Interim Dividend(Half yearly report
only - item 15.6)                               - c               - c

Previous corresponding period
(Preliminary final report - item 15.5;
half yearly report - item 15.7)                 - c               - c
                               
Record date for determining entitlements to the dividend,
(in the case of a trust, distribution) (see item 15.2)    N/A

Brief explanation of omission of directional and percentage changes
to profit in accordance with Note 1 and short details of any bonus
or cash issue or other item(s) of importance not previously released
to the market:

Percentage changes are not shown due to the complete change in
business activities and as previous reporting was not in this format.

MORE TO FOLLOW

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P.S.: Part B scheint bei der ASX noch nicht online zu sein.

price of 20 cents per share. The company was re-instated on 17 April
with an over subscribed issue, and was the only Australian listing on
that day to defy the major fall in technology stocks to close 275%
higher than the issue price. The shares have continued to trade at a
premium.

The transition from a mining focus to an Internet based business lead
to changes in the Board of Directors. On behalf of the company, I
would like to thank the retiring directors for their able stewardship
and personal contributions to the progress of the company. The
current composition of the board now reflects a broad spread of
individuals with a wealth of international experience in casino
management and investment.

On 7 July, a transfer of the company's mining assets into a
subsidiary company (Rox Limited) was proposed to shareholders by way
of a prospectus. This spin-off will allow My Casino shareholders to
continue to participate in the development of these mineral assets.

OPERATIONS AND FINANCE

In May 2000, the Internet casino commenced full-scale gaming
operations and high turnover volumes quickly followed, representing
the popularity of the website with South East Asian consumers. The
company reported turnovers of $A22 million in May, followed by $A36
million in June and in excess of $A50 million in July. These high
levels of play generated a revenue of $A1.4 million in May and June.
The most popular games were baccarat, blackjack and roulette.

The rapid growth of gaming activities and the corresponding increase
in the number and value of gaming transactions led My Casino to
upgrade gaming software in May. This upgrade addressed the fact that
certain players had exploited a deficiency in the software to
increase their odds of winning. This was resolved in May and
currently the casino operator is seeking re-imbursement from the
software supplier for the $A698,000 losses caused by the software's
initial failure which allowed players to exploit the system. The
company continues to upgrade the software regularly to keep up to
date with all industry advancements.

In July 2000, My Casino and Barclays Bank initiated an extensive
upgrade of the credit card transaction procedures after substantial
growth and high turnover extended the systems that were in place,
which were initially based on a lower turnover growth model. The
credit card checking procedures identified an increased number of
credit card rejections, which were the result of deliberate fraud
attempted by individuals using stolen credit card accounts.

On the 6 September 2000, My Casino announced that the credit card
transaction system had been successfully reinstated following an
extensive upgrade, aimed at negating the use of fraud accounts. The
casino undertook a number of security measures:

* My Casino and Barclays Bank selected a new credit card
authorisation supplier, Cardstream. The company is an UK based
financial processing company who has a reputation for the highest
levels of security and the capacity to deal with My Casino's rapid
growth in gaming activities.

* The new security system has reverse card processing, which credits
players' winnings back to their originating credit card accounts
reducing the chances of fraud to a minimum.

* The casino's internal procedures were upgraded with more stringent
player registration requirements allowing the casino to check player
registration details.

* The company is currently implementing an additional security
measure that will check players' credit card details with an
international database Of suspect cards.

An exact quantification of the loss that may eventuate from suspect
card transactions is not possible until the company has received
notification from the credit card companies of all of the disputed
transactions. A provision for the fraud losses to 30 June 2000 of
$A3.5 million has been made in the half-year accounts forming part of
the total amount of credit card transactions which have not yet been
transferred to the casino's bank account of $A7.8 million.

MARKETS AND FUTURE BUSINESS

The reinstatement of a new highly secure credit card facility is
expected to show an encouraging upturn in volumes of business
contributing to My Casino's operational growth as the company
continues to pursue expansion within existing and new Asian markets.
In particular the responses from new major Far East markets have been
very favourable indicating that our plans to develop business in
these areas will maximise high turnover volumes.

My Casino continues to develop the sports betting operations, and in
August appointed Michael Miller as General Manager of Sports Betting
Operations to focus on the establishment of the operation as well as
the development of the existing online casino. Michael has a wealth
of casino experience and has worked at Centrebet Sports Betting,
Australia's largest sports bookmaker, for the last three years in the
role of Business Development Manager.

My Casino maintains its strong cash position with immediate cash on
hand of over $A5.0 million. The fundamentals of the Internet casino
business are sound having surmounted the challenges in the first
months of operation. The company maintains a number of key strengths
over competitors, these include a strong management team, licenses
granted for 10 years and 10 year renewal, highly competitive gaming
tax rate and low operating costs.

My Casino is confidently moving forward, pursuing new markets and
consolidating existing ones and with the new software upgrades,
introduction of extensive security measures and the expertise of the
management team, My Casino is well placed to achieve the desired long
term results for shareholders.

G McIntosh
MANAGING DIRECTOR

MORE TO FOLLOW

    (equal to item 16.7)                            -            -

1.3  Other revenue - interest income               104           20

1.4  Operating  profit (loss) before
    abnormal items and tax                    (1,078)        (255)

1.5  Abnormal items before tax
    (detail in item 2.4)                      (5,715)            -

1.6  Operating profit (loss) before tax
    (items 1.4 + 1.5)                         (6,793)        (255)

1.7  Less tax                                        -            -

1.8  Operating profit (loss) after tax
    but before outside equity interests       (6,793)        (255)

1.9  Less outside equity interests                   -            -

1.10 Operating profit (loss) after tax
    attributable to members                   (6,793)        (255)

1.11 Extraordinary items after tax
    (detail in item 2.6)                            -            -

1.12 Less outside equity interests                   -            -

1.13 Extraordinary items after tax
    attributable to members                         -            -

1.14 Total operating profit (loss) and
    extraordinary items after tax
    (items 1.8 + 1.11)                        (6,793)        (255)

1.15 Operating profit (loss) and
    extraordinary items after tax
    attributable to outside equity
    interests (items 1.9 + 1.12)                    -            -

1.16 Operating profit (loss) and
    extraordinary items after tax
    attributable to members
    (items 1.10 + 1.13)                       (6,793)        (255)

1.17 Retained profits (accumulated losses)
    at beginning of financial period          (8,028)      (7,330)

1.18 If change in accounting policy as set
    out in clause 11 of AASB 1018 Profit
    and Loss Accounts, adjustments as
    required by that clause (include brief
    (description)                                   -            -

1.19 Aggregate of amounts transferred
    from reserves                                   -            -

1.20 Total available for appropriation        (14,821)      (7,585)

1.21 Dividends provided for or paid                  -            -

1.22 Aggregate of amounts transferred
    to reserves                                     -            -

1.23 Retained profits (accumulated losses)
    at end of financial period               (14,821)      (7,585)


PROFIT RESTATED TO EXCLUDE                     Current      Previous
AMORTISATION OF GOODWILL                        Period   Corresponding
                                                            Period
                                               AUD000       AUD000  

1.24 Operating profit(loss) after tax
    before outside equity interests
   (items 1.8) and amortisation of
    goodwill                                  (1,078)        (255)

1.25 Less (plus) outside equity interests            -            -

1.26 Operating profit(loss) after tax
    (before amortisation of goodwill)
     attributable to members                  (1,078)        (255)



INTANGIBLE, ABNORMAL AND EXTRAORDINARY ITEMS

                                  Consolidated  -  current period

                            Before   Related   Related     Amount
                              tax      tax     outside     (after
                                                equity       tax)
                                              interests  attributable
                                                          to members

                            AUD000    AUD000    AUD000      AUD000

2.1 Amortisation of
   goodwill                      -         -         -           -

2.2 Amortisation of
   other intangibles            88         -         -          88

2.3 Total amortisation
   of intangibles               88         -         -          88

2.4 Abnormal items

   Provision for credit
   card losses               3,500         -         -       3,500

   Commission on casino
   wins based suspect
   credit cards                620         -         -         620

   Mining assets provision     901         -         -         901

   Gaming software losses
   (see comments by
   directors)                  694         -         -         694

2.5 Total abnormal items      5,715         -         -       5,715

2.6 Extraordinary items           -         -         -           -

2.7 Total extraordinary
   items                         -         -         -           -


COMPARISON OF HALF YEAR PROFITS                Current     Previous
(Preliminary final statement only)               year         year
                                               AUD000       AUD000
3.1  Consolidated operating profit            
    (loss) after tax attributable
    to members reported for the 1st
    half year (item 1.10 in the
    half yearly report)                             -            -
   
3.2  Consolidated operating profit              
    (loss) after tax attributable
    to members for the 2nd half year                -            -


CONSOLIDATED BALANCE SHEET
(See note 5)
                                 At end of  As in last    As in last
                                  current     annual     half yearly
                                  period      report      report
                                  AUD000       AUD000       AUD000
     CURRENT ASSETS                                                
4.1   Cash                          6,731          443          210
4.2   Receivables                     770           41           61
4.3   Investments                       8            8            8
4.4   Inventories                       -            -            -
4.5   Other (provide details
     if material)                      -            -            -

4.6   Total current assets          7,509          492          279

     NON-CURRENT ASSETS
4.7   Receivables                       -            -            -
4.8   Investments in associates         -            -            -
4.9   Other investments                 -            -            -
4.10  Inventories                       -            -            -
4.11  Exploration and
     evaluation expenditure
     capitalised                       -          886        1,202
4.12  Development properties
     (mining entities)                 -            -            -
4.13  Other property, plant and
     equipment (net)                 669            5            7
4.14  Intangibles (net)                 -            -            -
4.15  Intellectual properties and
     licences                      2,635            -            -

4.16  Total non-current assets      3,304          891        1,209

4.17  Total assets                 10,813        1,383        1,488

     CURRENT LIABILITIES
4.18  Accounts payable              3,215           29           29
4.19  Borrowings                        -            -            -
4.20  Provisions                       15            7            -
4.21  Other (provide details
     if material)                      -            -            -

4.22  Total current liabilities     3,230           36           29

     NON-CURRENT LIABILITIES
4.23  Accounts payable                  -            -            -
4.24  Borrowings                        -            -            -
4.25  Provisions                        -            -            -
4.26  Other (provide details
     if material)                      -            -            -

4.27  Total non-current
     liabilities                       -            -            -

4.28  Total liabilities             3,230           36           29

4.29  Net assets                    7,583        1,347        1,460

     EQUITY
4.30  Capital                      22,404        9,375        9,045
4.31  Reserves                          -            -            -
4.32  Retained profits
     (accumulated losses)       (14,821)      (8,028)      (7,585)
4.33  Equity attributable to
     members of the parent
     entity                            -            -            -
4.34  Outside equity interests
     in controlled entities            -            -            -

4.35  Total equity                  7,583        1,347        1,460

4.36  Preference capital and
     related premium included
     as part of 4.33                   -            -            -


EXPLORATION AND EVALUATION EXPENDITURE CAPITALISED

To be completed only by entities with mining interests if amounts are
material. Include all expenditure incurred regardless of whether
written off directly against profit.
                                              Current     Previous
                                               period  corresponding
                                                            period
                                               AUD000       AUD000

5.1  Opening balance                               886        1,337
 
5.2  Expenditure incurred                            
    during current period                          15           65

5.3  Expenditure written off
    during current period                           -        (200)

5.4  Acquisitions, disposals,
    revaluation increments, etc.                (901)            -

5.5  Expenditure transferred to
    Development Properties                          -            -
   
5.6  Closing balance as shown in
    the consolidated balance sheet
    (item 4.11)                                     -        1,202


DEVELOPMENT PROPERTIES
(To be completed only by entities with mining interests if amounts
are material)
                                              Current     Previous
                                               period  corresponding
                                                            period
                                               AUD000       AUD000

6.1  Opening balance                                 -            -

6.2  Expenditure incurred
    during current period                           -            -

6.3  Expenditure transferred from
    exploration and evaluation                      -            -

6.4  Expenditure written off
    during current period                           -            -

6.5  Acquisitions, disposals,
    revaluation increments, etc.                    -            -

6.6  Expenditure transferred to
    mine properties                                 -            -
   
6.7  Closing balance as shown in
    the consolidated balance sheet
    (item 4.12)                                     -            -


CONSOLIDATED STATEMENT OF CASH FLOWS
(See note 6)
                                              Current     Previous
                                               period  corresponding
                                                           period
                                               AUD000       AUD000
CASH FLOWS RELATED TO OPERATING ACTIVITIES
7.1   Receipts from customers                      913           14

7.2   Payments to suppliers and
     employees                                (4,287)        (119)

7.3   Dividends received from associates             -            -

7.4   Other dividends received                       -            -

7.5   Interest and other items
     of similar nature received                    85            6

7.6   Interest and other costs
     of finance paid                                -            -

7.7   Income taxes paid                              -            -

7.8   Other - bond monies                        (436)            -

7.9   Net operating cash flows                 (3,725)         (99)
                                             
CASH FLOWS RELATED TO INVESTING ACTIVITIES
7.10  Payment for purchases of
     property, plant and equipment              (407)          (1)

7.11  Proceeds from sale of
     property, plant and equipment                  -            -

7.12  Payment for purchases of
     equity investments                       (1,040)            -

7.13  Proceeds from sale of
     equity investments                             -            -

7.14  Loans to other entities                        -            -

7.15  Loans repaid by other entities                 -            -

7.16  Exploration expenditure                        -         (65)
                                             
7.17  Net investing cash flows                 (1,447)         (66)

CASH FLOWS RELATED TO FINANCING ACTIVITIES
7.18  Proceeds from issues of
     securities (shares,
     options, etc.)                            11,460            -

7.19  Proceeds from borrowings                       -            -

7.20  Repayment of borrowings                        -            -

7.21  Dividends paid                                 -            -

7.22  Other (provide details if
     material)                                      -            -

7.23  Net financing cash flows                  11,460            -

7.24  NET INCREASE (DECREASE) IN CASH HELD       6,288        (165)

7.25  Cash at beginning of period
     (see Reconciliation of cash)                 443          375
                     
7.27  Cash at end of period
    (see Reconciliation of cash)                6,731          210


NON-CASH FINANCING AND INVESTING ACTIVITIES

Details of financing and investing transactions which have had a
material effect on consolidated assets and liabilities but did not
involve cash flows are as follows. If an amount is quantified, show
comparative amount.

  Assets and liabilities of subsidiary companies acquired
  comprised:
                                                $'000
  Current Assets                                   27
  Non-Current Assets                              257
  Current Liabilities                         (3,066)
  Net assets acquired                         (2,782)


RECONCILIATION OF CASH

Reconciliation of cash at the end of           Current     Previous
the period (as shown in the consolidated        period   corresponding
statement of cash flows) to the related                     period
items in the accounts is as follows.             AUD000      AUD000

8.1  Cash on hand and at bank                    1,995          210

8.2  Deposits at call                            4,701            -

8.3  Bank overdraft                                  -            -

8.4  Other (provide details)                        35            -

8.5  Total cash at end of
    period (item 7.26)                          6,731          210


RATIOS                                         Current     Previous
                                               period   corresponding
                                                            period
    PROFIT BEFORE ABNORMALS AND TAX/SALES
9.1  Consolidated operating profit (loss)
    before abnormal items and tax (item
    1.4) as a percentage of sales revenue
    (item 1.1)                                      - %          - %

    PROFIT AFTER TAX / EQUITY INTERESTS
9.2  Consolidated operating profit (loss)
    after tax attributable to members
    (item 1.10) as a percentage of equity
    (similarly attributable) at the end of
    the period (item 4.31)                          - %           - %


EARNINGS PER SECURITY (EPS)

10.1 Calculation of basic, and fully diluted,
    EPS in accordance with
    "AASB 1027: Earnings per Share"

   (a)  Basic EPS                               (5.4) c      (0.5) c

   (b)  Diluted EPS (if materially              (3.9) c          - c
        different from (a))

   (c)  Weighted average number of
        ordinary shares outstanding
        during the period used in
        the calculation of the
        Basic EPS                         125,865,000   56,437,000



NTA BACKING                                   Current     Previous
(see note 7)                                   period   corresponding
                                                            period
11.1 Net tangible asset backing
    per ordinary security                         4.1 c        N/A c


MORE TO FOLLOW

----

P.S.: Uff, eine Menge Text, eine Menge Zahlen. Einige hier im Board werden aber sehnsüchtig darauf gewartet haben.

                                             
12.2 Interest revenue included
    in item 12.1 but not yet
    received (if material)                          -            -
                                             
12.3 Interest expense included
    in item 1.4 (include all
    forms of interest, lease
    finance charges, etc.)                          -            -
                                             
12.4 Interest costs excluded from
    item 12.3 and capitalised in
    asset values (if material)                      -            -
                                             
12.5 Outlays (except those arising
    from the acquisition of an
    existing business) capitalised
    in intangibles (if material)                    -            -
                                             
12.6 Depreciation and amortisation (excluding
    amortisation of intangibles)                  103            -


CONTROL GAINED OVER ENTITIES HAVING MATERIAL EFFECT
(See note 8)

13.1 Name of entity (or group of entities)  
    Internet Transaction Processing Limited
    International Data Processing Limited
    Netcom Limited
    Casinos Australasia Limited
    Sportsbook Australasia Limited
    Rox Limited
   
13.2 Consolidated operating profit (loss)
    and extraordinary items after tax of
    the entity (or group of entities) since
    the date in the current period on which
    control was acquired                             $ (5,088,000)
                                     
13.3 Date from which such profit has
    been calculated                                     31/03/2000

13.4 Operating profit (loss) and extraordinary
    items after tax of the entity (or group of
    entities) for the whole of the previous
    corresponding period                                  $      -

   
LOSS OF CONTROL OF ENTITIES HAVING MATERIAL EFFECT
(See note 8)

14.1 Name of entity (or group of entities)    -
 
                                       
14.2 Consolidated operating profit (loss)
    and extraordinary items after tax of
    the entity (or group of entities) for
    the current period to the date of loss
    of control                                            $      -

14.3 Date to which the profit (loss) in
    item 14.2 has been calculated                       -  
 
14.4 Consolidated operating profit (loss)
    and extraordinary items after tax of
    the entity (or group of entities) while
    controlled during the whole of the
    previous corresponding period                         $      -
 
14.5 Contribution to consolidated    
    operating profit (loss) and
    extraordinary items from sale of
    interest leading to loss of control                   $      -


REPORTS FOR INDUSTRY AND GEOGRAPHICAL SEGMENTS
Information on the industry and geographical segments of the entity
must be reported for the current period in accordance with AASB 1005:
Financial Reporting by Segments. Because of the different structures
employed by entities, a pro forma is not provided. Segment information
should be completed separately and attached to this statement.
However, the following is the presentation adopted in the Appendices
to AASB 1005 and indicates which amounts should agree with items
included elsewhere in this statement.

-

SEGMENTS                                            GAMING ACTIVITIES

Operating Revenue                                         1,415,000
Sales to customers outside the economic entity                    -
Inter-segment sales                                               -
Unallocated revenue                                               -

Total revenue (consolidated total equal to item 1.3)      1,415,000
                                                             
Segment result (including abnormal items where relevant) (6,793,000)
Unallocated expenses                                              -

Consolidated operating profit after tax (before
equity accounting) (equal to item 1.8)                   (6,793,000)

Segment assets                    )*                     10,813,000
Unallocated assets                )
Total assets (equal to item 4.16) )                      10,813,000

* Comparative data for segment assets should be as at the end of the
previous corresponding period.

DIVIDENDS (in the case of a trust, distributions)

15.1  Date the dividend (distribution) is payable        N/A
                                       
15.2  Record date to determine entitlements to
     the dividend (distribution) (ie, on the basis
     of registrable transfers received up to 5.00pm
     if securities are not CHESS approved, or
     security holding balances established by
     5.00pm or such later time permitted by SCH
     Business Rules if securities are CHESS
     approved)                                          N/A
                                       
15.3  If it is a final dividend, has it been declared
     (Preliminary final statement only)                 N/A


AMOUNT PER SECURITY
                    Amount per     Franked Amount     Amount per
                     security       per security       security
                                     at 36% tax       of foreign
                                                        source
                                                       dividend

(Preliminary final report only)                                  
15.4  Final dividend:  

     Current year          -c              -c                -c

15.5  Previous year         -c              -c                -c

(Half yearly and preliminary final statements)
15.6  Interim dividend:

     Current year          -c              -c                -c

15.7  Previous year         -c              -c                -c


TOTAL ANNUAL DIVIDEND (DISTRIBUTION) PER SECURITY
(Preliminary final statement only)
                                              Current       Previous
                                                 year         year

15.8 Ordinary securities                             - c          - c

15.9 Preference securities                           - c          - c


TOTAL DIVIDEND (DISTRIBUTION)
                                              Current      Previous
                                               period   corresponding
                                              AUD000       period
                                                           AUD000
                                             
15.10 Ordinary securities                            -            -

15.11 Preference securities                          -            -

15.12 Total                                          -            -


The dividend or distribution plans shown below are in operation.

N/A

The last date(s) for receipt of election notices
for the dividend or distribution plans                   N/A
                         
Any other disclosures in relation to dividends (distributions)

N/A


DETAILS OF AGGREGATE SHARE OF PROFITS OF ASSOCIATES

                                              Current      Previous
Entity's share of associate's                   period   corresponding
                                              AUD000       period
                                                           AUD000
                                             
16.1 Operating profit(loss) before
    income tax                                      -            -
   
16.2 Income tax expense                              -            -
   
16.3 Operating profit(loss) after
    income tax                                      -            -

16.4 Extraordinary items net of tax                  -            -
                                             
16.5 Net profit(loss)                                -            -

16.6 Outside equity interests                        -            -

16.7 Net profit(loss) attributable
    to members                                      -            -


MATERIAL INTERESTS IN ENTITIES WHICH ARE NOT CONTROLLED ENTITIES
The economic entity has an interest (that is material to it) in the
following entities.

Name of entity     Percentage of ownership Contribution to operating
                      interest held at end      profit (loss) and
                      of period or date of     extraordinary items
                            disposal                after tax

17.1 Equity accounted      Current    Previous   Current    Previous
    associated             period corresponding  period corresponding
    entities                          period    AUD000     period
                                                           AUD000

                                                                 

                                                                 

                                                                 



17.2 Total                                                          

17.3 Other material
    interests    

                                                                 

                                                                 

                                                                 


17.4 Total                                                          



ISSUED AND QUOTED SECURITIES AT END OF CURRENT PERIOD

Description includes rate of interest and any redemption or
conversion rights together with prices and dates.

Category of                  Number       Number Par value  Paid-up
securities                   issued       quoted  (cents)    value
                                                            (cents)
18.1 Preference
     securities
     (description)                -            -        -        -


18.2 Changes during
     current period
    (a) increases through
        issues                    -            -        -        -
    (b) decreases through
        returns of capital
        buybacks,
        redemptions               -            -        -        -


18.3 Ordinary
     securities         186,288,553  120,688,553        -        -


18.4 Changes during
     current period
    (a) increases through
        issues           32,000,000    6,400,000        4       f/p
                         40,000,000            -        4       f/p
                         38,000,000   38,000,000       20       f/p
                         12,244,663   12,244,663       25       f/p



    (b) decreases through
        returns of capital
        buybacks                  -            -        -        -


18.5 Convertible debt
     securities
     (description and
     conversion factor)           -            -        -        -


18.6 Changes during
     current period
    (a) increases through
        issues                    -            -        -        -
    (b) decreases through
        securities matured,
        converted                 -            -        -        -


18.7 Options (description                         Exercise   Expiry
     and conversion factor)                         price     date
                                                   (cents)
    Conversion factor for
    all options is 1:1      185,527            -       25  30/06/2000
                         36,261,500   36,261,500       20  31/03/2003
                                  -   45,000,000       40  31/03/2003

18.8 Issued during
     current period               -            -       25  30/06/2000
                                  -            -       20  31/03/2003
                         38,000,000   38,000,000       40  31/03/2000


18.9 Exercised during
     current period       9,006,163    9,006,163       25  30/06/2000
                          1,738,500    1,738,500       20  31/03/2003
                                  -            -       40  31/03/2000


18.10 Expired during
      current period              -            -        -  -


18.11 Debentures  
      (totals only)               -            -

18.12 Unsecured notes
      (totals only)               -            -


COMMENTS BY DIRECTORS

Comments on the following matters are required by ASX or, in relation
to the half yearly statement, by AASB 1029: Half-Year Accounts and
Consolidated Accounts. The comments do not take the place of the
directors' report and statement (as required by the Corporations Law)
and may be incorporated into the directors' report and statement. For
both half yearly and preliminary final reports, if there are no
comments in a section, state NIL. If there is insufficient space to
comment, attach notes to this report.

BASIS OF ACCOUNTS PREPARATION

If this report is a half yearly report, it is a general purpose
financial report prepared in accordance with the listing rules and
AASB 1029: Half-Year Accounts and Consolidated Accounts. It should be
read in conjunction with the last annual report and any announcements
to the market made by the entity during the period. [Delete if
inapplicable.]

Material factors affecting the revenues and expenses of the economic
entity for the current period

ABNORMAL ITEMS:

CREDIT CARD LOSSES PROVISION
In July 2000 the processing and checking systems of the casino
indicated an unacceptably high rate of suspect cards had been
processed and the credit card acceptance systems were disabled by the
company.  An exact quantification of the loss that may eventuate from
suspect card transactions is not possible until the company has
received notification from the credit card companies of all of the
disputed transactions. A provision for losses to 30 June 2000 of
$3,500,000 has been made in the half-year accounts.

COMMISSION ON SUSPECT CREDIT CARD TRANSACTIONS
Commissions paid on casino wins and turnover based on suspect credit
cards totalled $620,000.

GAMING SOFTWARE LOSSES
During May 2000 a gaming software failure was exploited by certain
players resulting in abnormal gaming losses of $698,000. The casino
operator is seeking re-imbursement of these losses from the software
supplier.

MINING ASSET PROVISION
In July 2000 agreements were entered into to transfer the company's
mineral assets to Rox Limited in proportion to their shareholdings in
My Casino as part of the spin-off arrangements.


A description of each event since the end of the current period which
has had a material effect and is not related to matters already
reported, with financial effect quantified (if possible)

None

Franking credits available (amount):                       $      -

Prospects for paying fully or partly franked dividends for at least
the next year

None

Changes in accounting policies since the last annual report are
disclosed as follows.

None


ADDITIONAL DISCLOSURE FOR TRUSTS

19.1 Number of units held by the management
    company or a related party of it                           N/A
                             
19.2 A statement of the fees and commissions
    payable to the management company.                         N/A
   
    Identify:
        initial service charges                                  
        management fees                                          
        other fees                                                


ANNUAL MEETING  
(Preliminary final statement only)

The annual meeting will be held as follows:

Place                         -

Date                          -                      

Time                          -

Approximate date the  annual
report will be available      -


COMPLIANCE STATEMENT

1  This statement has been prepared under accounting policies which
  comply with accounting standards as defined in the Corporations Law
  or other standards acceptable to ASX (see note 13).

  Identify other standards used
  -

2  This statement, and the financial statements under the Corporations
  Law (if separate), use the same accounting policies.

3  This statement does give a true and fair view of the
  matters disclosed (see note 2).

4  This statement is based on financial statements to which one of the
  following applies. (Tick one)

            The financial        x    The financial
            statements have           statements have
            been audited.             been subject to
                                      review.
                                     
            The financial             The financial
            statements are in         statements have not
            the process of            yet been audited or
            being audited or          reviewed.
            subject to review.

5 If the audit report or review by the auditor is not attached, detail
 of any qualifications
are attached/will follow immediately they are available.
(Half yearly report only - the audit report or review by the auditor
 must be attached to this report if the report is to satisfy the
 requirements of the Corporations Law.)

6  The entity does not have a formally constituted audit
  committee.


G McIntosh
(DIRECTOR)
11/09/2000

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

P.S.: Viel Spaß beim Studieren. Tip: Öfter 'mal eine Pause machen ...

 Grüße, redcrx

Geschäftsverlauf und Finanzen

Mai 2000 begann das Internet Casino den operativen Spielbetrieb und hohe Umsatzvolumina folgten sehr bald darauf, was die hohe Popularität der Website bei den südostasiatischen Kunden zeigt. Das Unternehmen konnte 22 Millionen AU$ Umsatz im Mai berichten, steigerte dies auf 36 Mio AU$ im Juni und auf über 50 Millionen AU$ im Juli. Dieses hohe Niveau der Spiele-Umsätze generierten einen Ertrag von 1,4 Millionen AU$ für Mai und Juni zusammen. Die beliebtesten Spiele waren dabei Baccarat, Blackjack und Roulette.

Aufgrund des rapiden Wachstums der Spiele-Aktivitäten und des entsprechenden Anstiegs von Zahl und Wert der Transaktionen ließ My Casino die Casino-Software im Mai aktualisieren. Diese Aktualisierung der Casino-Software zielte auf die Tatsache, dass bestimmte Spieler die Spiele-Sequenzen indentifiziert haben und Ihre Gewinnchancen dadurch erhöhen konnten. Dieses Software-Problem wurde im Mai gelöst und My Casino verlangt derzeit vom Software-Lieferanten den Ersatz von 690.000, AU$ die das anfängliche Software-Versagen an Verlusten verursacht hat. Allerdings werden für diese 690.000 A$ in der aktuellen Halbjahresbilanz bilanztechnische Rückstellungen gebildet. Dies führt zu einer Erhöhung des buchhalterischen Verlustes, der jedoch nicht eintreten muß..

Juli 2000 haben My Casino und Barclays Bank eine grundlegende Aktualisierung der Kreditkarten-Abrechnungsprozeduren eingeleitet, nachdem maßgebliches Wachstum und hohe Umsätze die Systeme überfordert hatten. Diese waren ursprünglich für ein geringeres Umsatzwachstum ausgelegt. Die Kreditkarten-Prüfprozeduren zeigten eine erhöhte Anzahl von Kreditkarten-Ablehnungen, welche das Ergebnis von vorsätzlichen Betrugsversuchen von Personen waren, die gestohlene Kreditkartendaten benutzten.

Am 6.September gab My Casino bekannt, dass das Kreditkarten-Abrechnungssystem erfolgreich wieder in Betrieb genommen wurde, nachdem grundlegende Systemaktualisierungen durchgeführt wurden, die künftig die Verwendung von Betrugskonten verhindern sollen. Die Gesellschaft unternahm eine Reihe von Sicherheitsmaßnahmen:

My Casino und Barclays Bank wählten Cardstream als neuen Anbieter für Kreditkarten-Genehmigungen. Dieses Unternehmen für Abwicklung von Finanztransaktionen hat seinen Sitz in England. Seine Reputation zeigt höchste Sicherheitsstandards und die Fähigkeit/Kapazität, die starke Zunahme der Spiele-Aktivitäten bei My Casino abzuwickeln.

Das neue System bietet "Reverse Card Processing", was Gewinne der Spieler zurück auf die ursprüngliche Kreditkarte überträgt. Das verringert das Betrugsrisiko auf ein Minimum.

Die internen Prozeduren des Casinos wurden erneuert und mit strengeren Anforderungen bei der Spieler-Registrierung versehen. Das erlaubt dem Casino die Spielerdaten zu überprüfen.

Das Unternehmen ist aktuell dabei, eine weitere Sicherheitsmaßnahme zu installieren, welche die Kreditkartendaten der Spieler mit den Einträgen einer internationalen Datenbank verdächtiger Karten vergleicht.

Eine genaue Quantifizierung des Verlustes, welcher durch die Transaktionen mit verdächtigen Karten entstanden sein könnte, ist solange nicht möglich, bis das Unternehmen Benachrichtigung von den Kreditkartenunternehmen über sämtliche abgelehnten Vorgänge erhält. In den Halbjahreskonten wurde eine Rückstellung über 3,5 Millionen AU$ für Verluste durch Betrug bis 30.Juni 2000 gebucht, Diese 3,5 Mio AU$ sind Bestandteil des gesamten offenen Gutschriftenbetrages in Höhe von 7,8 Mio A$, den My Casino aus noch nicht abgerechnenten KreditkartentransaktionenTransaktionen ausstehen hat.


Märkte und Zukunft des Geschäfts

Die Einrichtung des hochsicheren Kreditkartensystems wurde von einem ermutigendem Aufschwung im Geschäftsvolumen begrüßt. Das trägt zum Geschäftswachstum von My Casino bei, während das Unternehmen nach wie vor seine Expansionspläne innerhalb bestehender und neuer Asiatischer Märkte verfolgt. Insbesondere das Feedback aus neuen Fernost-Asiatischen Märkten war sehr vorteilhaft, was uns zeigt, dass unsere Pläne, in diesen Gebieten das Geschäft zu entwickeln, hohe Umsätze maximieren werden.

My Casino entwickelt weiterhin den Betrieb des Wettensegments und hat im August Michael (Mike) Miller als "General Manager of Sports Betting Operations" bestellt. Er soll das Wett-Geschäft einrichten und unterstützend das bestehende Casino-Geschäft erweitern. Mike Miller hat sehr viel Casino-Erfahrung und war in den vergangenen 3 Jahren als Business Development Manager für Centrebet Sports Betting tätig. Centrebet ist der größte Buchmacher in Australien.

My Casino hält seine starke Cash-Position mit über 5 Millionen AU$ an liquidem Cash. Die Fundamentaldaten des Online Casino-Geschäfts sind intakt und haben die Herausforderungen und Schwierigkeiten der ersten Betriebsmonate überwunden.

Das Unternehmen hält eine Reihe von Schlüssel-Vorteilen gegenüber der Konkurrenz. Dies beinhaltet ein starkes Management-Team, laufende 10 Jahres-Lizenz mit Verlängerung um weitere 10 Jahre, sehr konkurrenzfähige 4% Casino-Steuer und niedrige Betriebskosten.

My Casino geht seinen Weg, entwickelt neue Märkte und festigt die bestehenden. Es gibt eine starke Marktnachfrage für unsere Produkte. Dies zeigen die hohen Umsätze. Und jetzt, mit der neuen Software, der Einrichtung von ausführlichen Sicherheitsmaßnahmen und der Fachkompetenz des Management-Teams samt Wettgeschäft ist My Casino gut platziert, um die erwünschten Langfrist-Ergebnisse für die Aktionäre zu erreichen.


gez. Gordon McIntosh
Managing Director My Casino Ltd




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