MY CASINO LIMITED - Response to ASX Query re: Appendix 4C

* Bank security deposits                                   2,000,000
* Funding of exploration activity                            200,000
* Working capital                                            979,000
* To pursue further investment opportunities                 900,000
Total                                                      7,079,000

The Company's prospectus did not contain projections of revenue.

In light of the information contained in the Appendix 4C, please
respond to each of the following questions.

1. To what extent has the Company carried out its expenditure
program, as described in the prospectus, in accordance with the
timetable for the expenditure envisaged by the prospectus?

2. To what extent have the Company's actual expenses to the end of
the last quarter matched the estimated expenses?

3. What steps has the Company taken, or does it propose to take, to
enable it to continue to meet its business objectives as set out in
its prospectus?

4. With reference to the Company's business objectives, please
comment if the business objectives and strategies have changed since
the date of the Prospectus.

5. Can the Company confirm that it is in compliance with the listing
rules, and in particular, listing rule 3.1. Please also provide
information as to how ASX may be satisfied that the Company currently
complies, and will continue to comply, with listing rule 12.2. In
particular, please provide details of the Company's budgeted cashflow
and expenditure programme per month over the forthcoming 12 months
ending 30 June 2001, including expected expenditure on the
development of its business, inventory requirements, payments or
loans to related parties and payments for capital expenditure.

LISTING RULE 3.1

Listing rule 3.1 requires an entity to give ASX immediately any
information concerning it that a reasonable person would expect to
have a material effect on the price or value of the entity's
securities. The exceptions to this requirement are set out in the
rule.

In responding to this letter you should consult listing rule 3.1 and
the guidance note titled "Continuous disclosure: listing rule 3.1".

If the information requested by this letter is information required
to be given to ASX under listing rule 3.1 your obligation is to
disclose the information immediately.

Your responsibility under listing rule 3.1 is not confined to, or
necessarily satisfied by, answering the questions set out in this
letter.

LISTING RULE 12.2

Listing rule 12.2 requires that an entity's financial condition
(including operating results) must, in ASX's opinion, be adequate to
warrant the continued quotation of its securities and its continued
listing. Factors that are relevant to an entity's financial condition
include, but are not limited to, composition of the balance sheet,
relative size of liabilities to assets and access to funds, (refer
note to rule 12.2).

This letter and your response will be released to the market. If you
have any concerns about your response being released, please contact
me immediately. Your response should be sent to me on facsimile
number (08) 9221 2020. It should not be sent to the Company
Announcements Office.

Unless the information is required immediately under listing rule
3.1, a response is requested as soon as possible and, in any event,
not later than half an hour before the start of trading (ie before
7.30am WST) on Monday 7 August 2000.

If you are unable to respond by the time requested you should
consider a request for a trading halt in the Company's securities.

If you have any queries regarding any of the above, please do not
hesitate to contact the undersigned.

M Tang
LISTINGS OFFICER

It is possible to conclude on the basis of the information provided
that if the Company were to continue to expend cash at the rate for
the last quarter indicated by the Appendix 4C, the Company may not
have sufficient cash to fund its activities for the quarter ending 31
December 2000.

Klingt nicht besonders ermutigend auf den ersten Blick,oder liegt das an überprportionalen Startaufwendungen im Q1 ? Der Kurs hat ja mit + 15 % gut reagiert in AUS, aber bei den dünnen Umsätzen war das wohl auch nur eine Preisanpassung an das Niveau (na ja, ein bisschen drüber) oder ?

Meinungen ?

Gruss, boom

deposits by banks has been lower than estimated.

With the spin-off of mineral assets into Rox Limited it is likely
that the amounts estimated for mineral exploration will not be fully
required. The company is continuing to evaluate further investment
opportunities and has fully met the costs of the share issue.

2. To what extent have the Company's actual expenses to the end of the
last quarter matched the estimated expenses?

Based on preliminary financial statements to 30 June 2000, actual
overhead expenditures are generally in line with the estimated
expenses at this stage of development of the business except for
those expenses which are closely linked to the volume of gaining
turnover. We have received notifications of rejected credit card
claims totalling $2.0 million forming part of the current total
amount of uncleared credit card transactions of $A7.8 million.

3. What steps has the Company taken, or does it propose to take, to
enable it to continue to meet its business objectives as set out in
its prospectus?

The company's principal business objective is to develop internet
gaming businesses. In this regard during the period the company:

* Maintained and enhanced its management team of industry
  specialists.
* Pursued an aggressive marketing strategy in selected Asian
  countries leading to a high level of acceptance of the gaming
  facilities.
* Commenced major upgrades of the credit card processing software
* Continued to seek out new opportunities in internet gaming
  and associated businesses.
* Operated a live gaming website with very high levels of
  transactions.

4. With reference to the Company's business objectives, please
comment if the business objectives and strategies have changed since
the date of the Prospectus.

The business objectives and strategies of My Casino have not changed
since the date of the prospectus.

5. Can the Company confirm that it is in compliance with the listing
rules, and in particular, listing rule 3.1. Please also provide
information as to how ASX may be satisfied that the Company currently
complies, and will continue to comply, with listing rule 12.2. In
particular, please provide details of the Company's budgeted cashflow
and expenditure programme per month over the forthcoming 12 months
ending 30 June 2001, including expected expenditure on the
development of its business, inventory requirements, payments or
loans to related parties and payments for capital expenditure.

My Casino confirms it is in compliance with the listing rules and in
particular listing rule 3.1.

My Casino currently has available cash funds of $A5.50 million plus
substantial uncleared credit card deposits.

The company's budgeted expenditure programme remains consistent with
the prospectus and the company's available cash reserves (excluding
the uncleared credit card funds) are more than sufficient to meet the
needs of ongoing activities.

Accordingly, My Casino currently complies with Listing rule 12.2 and
will continue to do so.

Budget projections of gaming revenues and expenditures were made for
internal management purposes and approved by directors at the time of
the prospectus preparation. As was the position at the time of
publishing of the prospectus, the directors do not consider that
there exists a sufficiently reasonable basis for a reliable forecast
including these gaming revenues that would warrant the publication
of projected amounts. No revised budgets or projections have been
approved by the Board of Directors subsequent to the prospectus.

Furthermore we consider that the budgeted cashflows, which were
generated for internal management purposes, should remain
confidential to the company. We also consider that this is not
information that a reasonable person would expect to be disclosed
given the business of the company and the stage of its business
development.

P Baird
COMPANY SECRETARY

MORE TO FOLLOW

In den nächsten Tagen dürfte zusätzlich die Nachricht zum fixierten Japan-Geschäft einrollen. Das Kreditkarten-System wurde durch ein Upgrade erweitert, so daß das hohe Spielaufkommen bewältigt werden kann. Was wollen wir mehr ?