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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-QSB/A
   
                                  Amendment No. 1
    

                 [X] QUARTERLY REPORT UNDER SECTION 13 OR 15 (d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                For the quarterly period ended: DECEMBER 31, 1997

             [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

             For the transition period from __________ to __________

                         Commission File Number 0-28318

                             Multimedia Games, Inc.
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        (Exact Name of Small Business Issuer as Specified in its Charter)

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<S>                                                        <C>
               Texas                                                       74-2611034
----------------------------------------------             -----------------------------------
(State or Other Jurisdiction of Incorporation)             (IRS Employer Identification Number)
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                       7335 South Lewis Avenue, Suite 302
                              Tulsa, Oklahoma 74136
                  ---------------------------------------------
                    (Address of Principal Executive Offices)

                                 (918) 494-0576
                  ---------------------------------------------
                           (Issuer's Telephone Number)


                  ---------------------------------------------
                     (Former name, former address and former
                   fiscal year, if changed since last report)



Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15 (d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days:

                                    Yes  X  No
                                        ---    ---

As of January 27, 1998 there were 5,368,252 shares of the Company's Common
Stock, par value $.01, outstanding.

Transitional Small Business Disclosure Format (Check one)

                                    Yes     No  X
                                        ---    ---

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                                FORM 10-QSB/A
                               AMENDMENT NO. 1

                               INTRODUCTION


This amendment to Item 6, Exhibits and Reports on Form 8-K, of Multimedia
Games, Inc.'s quarterly filing on Form 10-QSB for the quarterly period ended
December 31, 1997 includes an Exhibit 15, Letter Regarding Unaudited Interim
Financial Information, which was omitted in the previous filing for the period.
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         ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

   
                  (a) The exhibits filed as part of the Quarterly Report on
         Form 10-QSB/A are listed in the attached Index to Exhibits.
    

                  (b) There were no reports filed on Form 8-K during the
         current quarter.



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                                   SIGNATURES



       In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

   
Dated:  April 15, 1998                  Multimedia Games, Inc.
    


                                        By: /s/ Frederick E. Roll
                                            ----------------------------------
                                            Frederick E. Roll, Vice President
                                            and Chief Financial Officer

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                                 EXHIBIT INDEX

   
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Exhibit                  Description
<S>                      <C>
Exhibit 15               Letter Regarding Unaudited Interim Financial
                         Information 

Exhibit 27               Financial Data Schedule
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