UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                  FORM 10-QSB

 [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
   OF 1934
For the quarterly period ended September 30, 2005

[  ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
For the transition period from       to

Commission File No. 000-05474

              NORTH AMERICAN GAMING AND ENTERTAINMENT CORPORATION

                    Delaware               75-2571032
               -------------------------    -----------------------
       (State or other jurisdiction of     (IRS Employer Identification No.)
       incorporation or organization)

                13150 Coit Road, Suite 125, Dallas, Texas 75240
    ----------------------------------------------------------------------
                   (Address of principal executive offices)

                                (972) 671-1133
                          --------------------------
                          (Issuer's telephone number)

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.
                         [X] YES    [ ] NO

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act.
                         [X]    YES  [ ] NO

                 APPLICABLE TO ISSUERS INVOLVED IN BANKRUPTCY
                  PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and  reports  required  to  be
filed by Section 12, 13 or 15 (d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court.
                 [ ]    YES    [ ] NO

                     APPLICABLE ONLY TO CORPORATE ISSUERS

State  the  number  of  shares  outstanding  of each of the issuer's classes of
common equity, as of the latest practicable date: September 30, 2005:
24,216,058

Transitional Small Business Disclosure Format (check one)   Yes [ ] No [X]


<PAGE>

<TABLE>
<CAPTION>

NORTH AMERICAN GAMING AND ENTERTAINMENT
  CORPORATION
BALANCE SHEETS (UNAUDITED)
                                                 	September 30,    December 31,
                                                    	    2005             2004
                                                        _____________	 ____________
<S>							<C>			<C>

ASSETS
Current assets:

Cash                                               	$     38,285     $     18,017
Advances, net of allowance for doubtful accounts of
$25,000 in 2004							   -	       50,000
Interest receivable                                   	      18,653            9,650
                                                        _____________	 ____________
Total current assets                                          56,938	       77,667

Furniture and fixtures, net	                               3,544	            -
Note Receivable		                                     133,000	      133,000
                                                        _____________	 ____________

Total assets                                            $    193,482     $    210,667
							=============	 ============

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Notes payable                                           $    261,701     $    216,728
Accounts payable and accrued liabilities	              63,180	       55,993
Preferred stock dividends payable	                      15,003	       15,003
                                                        _____________	 ____________

Total current liabilities	                             339,884	      287,724
                                                        _____________	 ____________
Commitments and contingencies

Stockholders' Equity:

Common stock, $.01 par value, 100,000,000 shares
   authorized, 41,788,552 shares issued		             417,886	      417,886
Additional paid-in capital	                             489,214          489,214
Treasury stock, 17,572,494 shares, at cost	            (489,258)        (489,258)
Accumulated deficit 	                                    (564,244)        (494,899)
                                                        _____________	 ____________

Total stockholders deficit 	                            (146,402)         (77,057)
                                                        _____________	 ____________

Total liabilities and stockholders' deficit             $    193,482     $    210,667
							=============	 ============


</TABLE>

                                       1
The accompanying notes are an integral part of the financial statements.




<PAGE>

<TABLE>
<CAPTION>

NORTH AMERICAN GAMING AND ENTERTAINMENT
  CORPORATION
STATEMENTS OF OPERATIONS (UNAUDITED)

                                                       THREE MONTHS                             NINE MONTHS
                                                   ENDED  SEPTEMBER  30,                   ENDED  SEPTEMBER  30,
                                                 2005                 2004               2005                 2004
						 ____________  ___________		___________   ____________
<S>                                       <C>                   <C>                 <C>                 <C>
Costs and expenses:

General and administrative expenses           	 $     37,954  $    39,778	        $   118,799   $    180,706
						 ____________  ___________		___________   ____________

Operating loss                                        (37,954)     (39,778)	           (118,799)      (180,706)

Interest expense                                       (5,446)      (2,261)	            (16,607)        (6,855)
Interest income                                         3,017        2,600	              9,003          6,700
Miscellaneous income                                   57,058            -	             57,058              -
						 ____________  ___________		___________   ____________
Income (loss) before provision
 for income taxes                                      16,675      (39,439)	            (69,345)      (180,861)

Provision for income taxes                                  -            -	                  -              -
						 ____________  ___________		___________   ____________

Net income (loss)                            	 $     16,675  $   (39,439)	        $  ( 69,345)  $   (180,861)
						 ============  ===========		===========   ============
Basic loss per share                                        *            *	                  *              *
						 ============  ===========		===========   ============
Basic weighted average shares outstanding          24,216,058   24,216,058	         24,216,058     24,216,058
						 ============  ===========		===========   ============

*Less than $.01 per share



</TABLE>


                                       2
The accompanying notes are an integral part of the financial statements.




<PAGE>

<TABLE>
<CAPTION>


NORTH AMERICAN GAMING AND ENTERTAINMENT
  CORPORATION
STATEMENTS OF CASH FLOWS (UNAUDITED)
                                               			Nine Months Ended September
                                                     		     2005           2004
								___________________________
<S>								<C>		<C>

Cash Flows From Operating Activities:
Net loss                                           		$ (69,345)       $(180,861)
Adjustments to reconcile net loss to net cash used in
   operating activities:
      Bad debt expense 			                                -           40,000
      Depreciation		                                      135	         -
Changes in operating assets and liabilities:
   (Increase) decrease in:
      Accounts receivable - other 		                  (25,000)          (6,700)
      Interest receivable		                           (9,003)               -
   Increase (decrease) in:
      Accounts payable and accrued liabilities			   19,660          (31,326)
								_________	 _________

Net Cash Used In Operating Activities 			          (83,553)        (178,887)
								_________	 _________
Cash Flows From Investing Activities:
   Purchase of furniture and fixtures                		   (3,679)               -
   Increase in advances			                                -         (125,000)
   Repayments on advances		                           75,000                -
   Increase in note receivable		                                -          (88,500)
								_________	 _________

Net Cash Provided By (Used in) Investing Activities		   71,321         (213,500)
								_________	 _________
Cash Flows From Financing Activities:
   Borrowings under note payable 		                   67,500          175,500
   Payments on notes payable		                          (35,000)          (5,597)
   Payments on debentures 		                                -          (38,571)
								_________	 _________

Net Cash Provided By Financing Activities		           32,500          131,332
								_________	 _________

Net Increase (decrease) In Cash			                   20,268         (261,055)

Cash, beginning of period		                           18,017          263,522
								_________	 _________

Cash, end of period 		                                $  38,285        $   2,467
								=========	 =========
Cash paid during the period for:
   Interest                                       		$     671	 $       -
								=========	 =========

</TABLE>

                                       3
The accompanying notes are an integral part of the financial statements.


<PAGE>
NORTH AMERICAN GAMING AND ENTERTAINMENT
  CORPORATION
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
NINE MONTHS ENDED SEPTEMBER 30, 2005

1.  OPINION OF MANAGEMENT

The preceding  financial  information has been prepared by the Company pursuant
to the rules and regulations  of the Securities and Exchange Commission ("SEC")
and,  in  the  opinion  of  the Company,  includes  all  normal  and  recurring
adjustments necessary for a fair statement of the results of each period shown.
Certain information and footnote disclosures normally included in the financial
statements prepared in accordance with generally accepted accounting principles
have been condensed or omitted  pursuant  to  SEC  rules  and regulations.  The
Company believes that the disclosures made are adequate to make the information
presented not misleading.

Results  for  the  nine  months  ended  September 30, 2005 are not  necessarily
indicative of the results to be realized during the full year.  These financial
statements should be read in conjunction  with  the  Company's Annual Report on
Form 10-KSB for the year ended December 31, 2004.

The  accompanying  financial statements have been prepared  assuming  that  the
Company will continue  as  a going concern.  However, the Company currently has
no sources of revenue or cash flow.  Management plans to continue operating the
business and pursue various business, investment and financing opportunities.

2.  ADVANCES

In February and March 2004,  the  Company  advanced  a  total  of  $125,000  to
Techlite,  Inc., an unrelated publicly held Company located in Tulsa, Oklahoma.
The advances  are  non-interest bearing and are to be repaid in the short-term.
In consideration for  making  this  advance,  Techlite,  Inc.  agreed  to issue
110,000   shares   of   restricted  Techlite,  Inc.  stock.  The  advances  are
collateralized  by certain  accounts  receivables  of  Techlite,  Inc.   As  of
September 30, 2004, the advances became past due, and the Company filed suit to
enforce collection.   As  such,  the Company recorded an allowance for doubtful
accounts of $40,000 on the advances  and  had  not  recorded  any receivable or
interest  income  related  to  the 110,000 shares of restricted Techlite,  Inc.
stock, due to the uncertainty of  collection  on  the  note and issuance of the
stock.  During December 2004, the Company collected $50,000  on  this  note and
subsequently  received  a judgment to collect the remaining outstanding amounts
plus  interest and legal fees.   Based  on  the  judgment  and  actual  amounts
received,  the  Company  reduced the allowance for doubtful accounts by $15,000
and as of December 31, 2004,  the  balance  of the advances was $50,000, net of
allowance for doubtful accounts of $25,000.   During  the six months ended June
30, 2005, the Company collected an additional $50,000, resulting in a remaining
balance  at June 30, 2005 of $-0-, net of allowance for  doubtful  accounts  of
$25,000.   In  August  2005,  the Company received an additional payment on the
note in the amount of approximately  $57,000,  which  represents  collection of
previously  charged off amounts of $25,000, plus interest and fees of  $32,000.
The $57,000 is reflected as miscellaneous income in the accompanying statements
of operations.
                                       4


<PAGE>
NORTH AMERICAN GAMING AND ENTERTAINMENT
  CORPORATION
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
NINE MONTHS ENDED SEPTEMBER 30, 2005

3.  NOTE RECEIVABLE

In March 2004,  the  Company entered into a loan agreement with US Daylighting,
L.L.C. ("Daylighting").   Under  the  terms  of  the  Note,  the  Company is to
initially advance up to $150,000 to Daylighting, with interest due  monthly  at
9%.   Accrued  interest on the note has not been paid as of September 30, 2005.
The Company may  advance  an  additional $150,000 and has the option to convert
the  total of all advances ($300,000)  into  a  25%  interest  in  Daylighting.
Advances  under  the note are due within six months of demand being made by the
Company, and the note  is  in  default  as  of September 30, 2005.  The note is
secured by various membership interests of Daylighting.   As  of  September 30,
2005,  the Company had advanced $133,000 under this note, and accrued  interest
receivable on this note is $18,653 as of September 30, 2005.


4.  NOTES PAYABLE

In May 2004,  the Company issued a promissory note to an unrelated party in the
amount of $110,000.  The note was to be repaid in ninety days at an interest at
a rate of 12%.   In  August,  2004, this note was renewed for six months in the
amount of $113,328.  This amount  consists of $110,000 plus accrued interest at
August  19,  2004.   In February 2005,  the  note  was  renewed  again  for  an
additional six months,  maturing  August  18,  2005, in the amount of $120,183.
This amount consists of the principal amount of  $113,328  at August 2004, plus
accrued interest at February 18, 2005. The note bears interest at a rate of 12%
and  was secured by a receivable in the amount of $125,000 (See  Note  2).   In
March 2005, the Company paid $35,000 on this note.  The note payable balance at
September  30, 2005 of $90,800 includes unpaid principal of $75,000 and accrued
interest through August 18, 2005 of $15,800.

In July 2004,  the  Company  issued a promissory note to a related party for an
amount up to $100,000.  The note  is  to  be  repaid  in  six  months and bears
interest  at  a rate of 8%. The note is collateralized by a note receivable  in
the amount of $133,000 (See Note 3).  On January 31, 2005 this note was renewed
for an additional  six  months,  maturing  July  31,  2005, for an amount up to
$150,000.   As of September 30, 2005, the Company was advanced  $158,200  under
this note.  In  July  2005,  the  note  was renewed for an additional 180 days.
Under the terms of the renewal, the related  party  lender's  sole  remedy  for
collection  is to foreclose the collateral note receivable from Daylighting and
seek recovery  from  Daylighting.  The related party lender also agreed that it
had no claim against the  Company  for  any deficiency in the collection of the
note from Daylighting by the Company.

The Company has notes payable to former preferred  stockholders  at  March  31,
2005 totaling $12,700.  These notes are unsecured and bear interest at 9%.  The
notes were in past due at September 30, 2005.





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

LIQUIDITY AND CAPITAL RESOURCES

General:  Until  August  20,  2001, the Company was engaged in the video gaming
business  through its partial ownership  of  three  operating  companies:  O.M.
Operating,  LLC  ("Operator"),  River  Port Truck Stop, LLC ("River Port"), and
Ozdon  Investments,  Inc.  ("Ozdon").   These  entities  operated  video  poker
machines located in truck stops in Louisiana.  Effective  August  20, 2001, the
Company sold its interests in OM, Riverport and Ozdon.

General Condition.  The Company ended the quarter with $38,285 in cash, $18,653
in  accrued  interest  receivable,  $3,544 in furniture and fixtures (net)  and
$133,000 in note receivable.  Total liabilities  were $339,884 at September 30,
2005  and  consist  of  accounts  payable and accrued liabilities  of  $63,180,
current portion of long-term notes  payable  of  $261,701  and  preferred stock
dividends payable of $15,003.  The Company's current liabilities increased from
approximately  $288,000 at December 31, 2004.  This increase was due  primarily
to the increase  in  accounts payable and additional amounts borrowed  on notes
payable.

Plan of Operations

Effective August 20, 2001,  the  Company sold its interests in Operating, River
Port and Ozdon for cash and notes receivable. During 2003, the Company sold the
notes receivable for cash. As a result,  the Company has no on-going operations
or  revenues.  The  Company's  plan is to continue  exploring  for  acquisition
opportunities and the financing  required  to  buy  and  support  an  operating
business. There is no assurance that we will be able to do so, and we will have
to  continue  to  rely on advances from management and shareholders to pay  our
basic level of operating expense.

Our independent accountants  have expressed substantial doubt about our ability
to continue as a going concern.


RESULTS OF OPERATIONS

Comparison of the nine months  ended  September  30,  2005,  to the nine months
ended September 30, 2004.

Operating Income (Expense)

The  Company  recorded  an  operating  loss  of $69,345 comprised primarily  of
general and administrative costs during the nine  months  ended  September  30,
2005,  compared  to  an  operating loss of $180,861 also comprised primarily of
general and administrative  costs for the nine months ended September 30, 2004.
The decrease in the loss from  operations  for  the nine months ended September
30, 2005 as compared to the loss from operations  for  the  nine  months  ended
September  30,  2004  is  due primarily to a decrease in consulting expense and
payroll expense and the collection  of  approximately  $57,000  from  Techlite,
which  is  included  in miscellaneous income in the accompanying statements  of
operations (see Note 2).
                                       6


<PAGE>
Interest Expense

The Company incurred interest  expense  of  $16,607  for  the nine months ended
September  30, 2005, compared to $6,855 for the nine months ended September 30,
2004.   The increase in interest expense is due to additional  borrowings  from
related and unrelated parties.


Interest Income and Miscellaneous Income

The Company  recorded  interest  income  of  $9,003  for  the nine months ended
September  30,  2005,  related  to  interest income on the convertible  secured
promissory note with U.S. Daylighting,  L.L.C.,  compared to interest income of
$6,700 for the nine months ended September 30, 2004.  The Company also recorded
approximately  $57,000 of miscellaneous income related  to  a  collection  from
Techlite on a note receivable (see Note 2).

ITEM 3.  CONTROLS AND PROCEDURES

a)  Within the 90-day  period  prior to the date of this report, we carried out
   an evaluation, under the supervision  and  with  the  participation  of  our
   management,  including  the  Chief  Executive  Officer  and  Chief Financial
   Officer, of the effectiveness of the design and operation of our  disclosure
   controls  and  procedures pursuant to Rule 13a-14 of the Securities Exchange
   Act of 1934 (the  "Exchange  Act").  Based  upon  that evaluation, the Chief
   Executive officer and Chief Financial Officer concluded  that our disclosure
   controls  and procedures are effective in timely alerting them  to  material
   information  relating to the Company required to be included in our Exchange
   Act filings.   The  two  Executive  Officers  responsible  for the financial
   reporting and disclosure are in direct control of the books  and  records of
   the  Company and are involved first-hand in the decision making process  for
   material transactions.

b)  There have been no significant changes in our internal controls or in other
   factors,  which  could  significantly affect internal controls subsequent to
   the date we carried out our evaluation.

Forward Looking Statements

Certain  statements  contained   in  this  Report  on  Form  10-QSB,  including
statements  of  the  Company's  current  expectations,  intentions,  plans  and
beliefs,  and  statements  containing   the  words  "believes",  "anticipates,"
"estimates," "expects," or "may," are forward-looking statements, as defined in
Section  21D  of the Securities Exchange Act  of  1934.   Such  forward-looking
statements involve  known  and  unknown  risk,  uncertainties and other factors
which may cause the actual results, performance,  timing or achievements of the
Company  to be materially different from any results,  performance,  timing  or
achievements expressed or implied by such forward-looking statements.






                                       7


<PAGE>
PART II - OTHER INFORMATION

Items 1 through 5 not applicable.

ITEM 6.    EXHIBITS

(a)   Exhibits required to be filed by Item 601 of Regulation S-B:

31.1  Certification of Chief Executive  Officer  and  Chief  Financial  Officer
      Under Section 302 of the Sarbanes-Oxley Act of 2002

32.1  Certification  pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
      Section 906 of the Sarbanes-Oxley Act of 2002.




                                       8


                                  SIGNATURES

In accordance with Section  13 or 15(d) of the Securities Exchange Act of 1934,
the Company has duly caused this  report  to  be  signed  on  its behalf by the
undersigned, thereunto duly authorized.

                           NORTH AMERICAN GAMING AND
                           ENTERTAINMENT CORPORATION


November 18, 2005
                                        /s/  E. H. Hawes, II, President
                                        ------------------------------
					    E. H. Hawes,  II,  President
                                            and Chief Executive  Officer
                                           (Principal Executive  Officer
                                            and Principal Financial  and
                                            Accounting Officer)




                                       9


<PAGE>
                                                                   EXHIBIT 31.1

                                 CERTIFICATION
I, E. H. HAWES, II, CERTIFY THAT:

   1. I  have  reviewed this quarterly report on Form 10-QSB of North  American
      Gaming and Entertainment Corporation;

   2. Based on my  knowledge, this quarterly report does not contain any untrue
      statement of a  material  fact or omit to state a material fact necessary
      to make the statements made,  in  light  of the circumstances under which
      such statements were made, not misleading  with  respect  to  the  period
      covered by this quarterly report;

   3. Based  on  my  knowledge,  the  financial statements, and other financial
      information included in this quarterly  report,  fairly  present  in  all
      material respects the financial condition, results of operations and cash
      flows  of  the  registrant  as of, and for, the periods presented in this
      quarterly report.

   4. The  small  business  issuer's other  certifying  officer(s)  and  I  are
      responsible for establishing  and  maintaining  disclosure  controls  and
      procedures  (as  defined in Exchange Act Rules and maintaining disclosure
      controls and procedures  (as  defined in Exchange Act Rules 13a-15(e) and
      15d-15(e) and internal control  over  financial  reporting (as defined in
      Exchange Act Rules 13a-15(f) and 15d-15(f) for the  small business issuer
      and have:

   (a)Designed  such  disclosure  controls  and  procedures,  or   caused  such
      disclosure  controls and procedures to be designed under our supervision,
      to ensure that  material  information  relating  to  the  small  business
      issuer, including its consolidated subsidiaries, is made known to  us  by
      others  within  those  entities,  particularly during the period in which
      this report is being prepared;

   (b)Designed such internal control over  financial  reporting, or caused such
      internal  control  over  financial  reporting  to be designed  under  our
      supervision, to provide reasonable assurance regarding the reliability of
      financial  reporting  and  the  preparation of financial  statements  for
      external  purposes  in  accordance  with  generally  accepted  accounting
      principles;

   (c)Evaluated  the effectiveness of the small  business  issuer's  disclosure
      controls and  procedures  and  presented  in  this report our conclusions
      about the effectiveness of the disclosure controls  and procedures, as of
      the  end of the period covered by this report based on  such  evaluation;
      and

   (d)Disclosed  in  this  report  any  change  in  the small business issuer's
      internal control over financial reporting that  occurred during the small
      business issuer's most recent fiscal quarter (the small business issuer's
      fourth  fiscal  quarter  in  the  case  of  an  annual report)  that  has
      materially  affected, or is reasonably likely to materially  affect,  the
      small business issuer's internal control over financial reporting; and

   5. The small business  issuer's  other  certifying  officer(s)  and  I  have
      disclosed,  based  on our most recent evaluation of internal control over
      financial reporting,  to  the  small  business  issuer's auditors and the
      audit  committee of the small business issuer's board  of  directors  (or
      persons performing the equivalent functions):

   (a)All significant  deficiencies  and  material  weaknesses in the design or
      operation  of  internal  control  over  financial  reporting   which  are
      reasonably likely to adversely affect the small business issuers  ability
      to record, process, summarize and report financial information; and

   (b)Any  fraud,  whether  or  not material, that involves management or other
      employees who have a significant  role  in  the  small  business issuer's
      internal control over financial reporting.

 Date:  November 18, 2005

/s/ E. H. HAWES, II, President
-------------------------------
    E. H. Hawes, II, President
    CHIEF EXECUTIVE OFFICER
    AND CHIEF FINANCIAL OFFICER

                                      10




<PAGE>


                                                                   EXHIBIT 32.1

                           CERTIFICATION PURSUANT TO
                            18 U.S.C. SECTION 1350,
                            AS ADOPTED PURSUANT TO
                 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In  connection  with  the  Quarterly  Report  of  North  American  Gaming   and
Entertainment  Corporation (the "Company") on Form 10-QSB for the period ending
June 30, 2005 as  filed with the Securities and Exchange Commission on the date
hereof (the "Report"),  I  E.  H.  Hawes  II, Chief Executive Officer and Chief
Financial Officer of the Company, certify,  pursuant to 18 U.S.C. Section 1350,
as adopted pursuant to Section 906 of the Sarbanes-Oxley  Act  of 2002, that to
the best of my knowledge and belief:

      (1)    The Report fully complies with the requirements of  Section  13(a)
or 15(d) of the Securities Exchange Act of 1934; and

      (2)     The  information  contained in the Report fairly presents, in all
material respects, the financial  condition  and  result  of  operations of the
Company.

/s/ E. H. HAWES, II, President
-------------------------------
    E. H. Hawes, II, President
    CHIEF EXECUTIVE OFFICER
    AND CHIEF FINANCIAL OFFICER


November 18, 2005



                                      11