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

                                   FORM 10-QSB

(Mark One)

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

                  For the quarterly period ended: June 30, 2000

                                       Or

[ ] 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 - 26597

                        DOT COM ENTERTAINMENT GROUP, INC.
                 (Name of Small Business Issuer in its charter)

           Florida                                       58-2466312
(State or other jurisdiction of                        (I.R.S. Employer
incorporation or organization)                       Identification Number)

150 Randall St.,                                           L6J 1P3
Oakville, Ontario, Canada
(Address of principal executive offices)                  (zip code)

                                 (905) 337-8524
                            Issuer's telephone number

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 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 August 3, 2000,  the  registrant  had  10,730,000  shares of Common  Stock
outstanding.

Transitional Small Business Disclosure Format (check one);

                                Yes_____ No__X__

The  registrant  meets the conditions  set forth in General  Instruction  and is
therefore filing this Form with the reduced disclosure format.

<PAGE>

Part I - Financial Information
------------------------------

Statements  contained  in this  quarterly  report  on Form  10-QSB  that are not
historical facts are  forward-looking  statements as that term is defined in the
Private  Securities   Litigation  Reform  Act  of  1995.  Such   forward-looking
statements  are subject to risks and  uncertainties,  which  could cause  actual
results to differ materially from estimated  results.  Certain of such risks and
uncertainties   are  detailed  in  filings  with  the  Securities  and  Exchange
Commission  and in Item 2.  "MANAGEMENT'S  DISCUSSION  AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS" below.

Item 1 - Financial Statements:

dot com ENTERTAINMENT GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>

                                                        (Unaudited)                 (Audited)
                                                          June 30,                 December 31,
                                                            2000                       1999
                                                         ---------                 ------------
<S>                                                      <C>                       <C>

   ASSETS:

Current assets:
   Cash and cash equivalents .......................    $   510,281                $   51,707
   Accounts receivable:
        Trade ......................................        432,226                   254,471
        Other ......................................         24,800                    76,460
                                                        -----------                ----------
        Total current assets .......................        967,307                   382,638

Deferred tax asset .................................        279,354                   323,000
                                                        -----------                ----------
                                                        $ 1,246,661                $  705,638
                                                        ===========                ==========

   LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

   Accounts payable and accrued liabilities ........    $   130,681                $  126,901
   Accounts payable - officers .....................         99,690                   100,916
   Income taxes payable ............................          3,400                     3,400
                                                        -----------                ----------
        Total current liabilities ..................        233,771                   231,217

Stockholders' equity:
   Common stock,  $0.001 par value, 50,000,000
   shares authorized, 10,730,000 shares issued
   and outstanding (10,500,000 - 1999) .............         10,730                    10,500

Additional paid in capital:
        Common Stock ...............................        610,320                   238,050
        Stock options/warrants .....................        801,500                   701,000
Accumulated deficit ................................       (409,660)                 (475,129)
                                                        -----------                ----------
                                                          1,012,890                   474,421
                                                        -----------                ----------
                                                        $ 1,246,661                $  705,638
                                                        ===========                ==========
</TABLE>

(see accompanying notes)

<PAGE>

dot com ENTERTAINMENT  GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

<TABLE>
<CAPTION>

                                                          Three Months Ended                   Six Months Ended
                                                              June 30,                              June 30,
                                                    2000                 1999             2000                 1999
                                                    ----                 ----             ----                 ----
<S>                                             <C>                 <C>               <C>                  <C>
Revenues .....................................  $  436,312          $   77,215        $  742,222           $  143,264

Expenses:
  Marketing ..................................      38,421              60,000            72,300               85,800
  Development ................................     139,901              67,147           257,172               81,368
  General and administrative .................     190,270              46,286           285,635               71,429
  Stock and stock option compensation ........           -                   -            18,000                    -
                                                ----------          ----------        ----------           ----------
                                                   368,592             173,433           633,107              238,597
                                                ----------          ----------        ----------           ----------
Net income (loss) before taxes ...............      67,720             (96,218)          109,115              (95,333)

Income tax expense ...........................      26,646                   -            43,646                    -
                                                ----------          ----------        ----------           ----------
Net income (loss) ............................   $  41,074          $  (96,218)       $   65,469           $  (95,333)
                                                ==========          ==========        ==========           ==========
Net income (loss) per share - basic ..........   $   0.004          $   (0.009)       $   0.006            $   (0.010)
                                                ==========          ==========         =========           ==========
Weighted average number of common
 shares outstanding - basic ..................  10,730,000          10,500,000        10,691,667            9,416,667
                                                ==========          ==========         =========           ==========
</TABLE>

(see accompanying notes)

<PAGE>

dot com ENTERTAINMENT  GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

<TABLE>
<CAPTION>
                                                                      Six Months Ended
                                                                           June 30,

                                                                   2000                1999
                                                                   ----                ----
<S>                                                             <C>                <C>
Cash flows from operating activities:
     Net income (loss) ......................................   $  65,469          $ (95,333)
     Adjustments to reconcile net income to
      net cash used in operations:
         Expenses satisfied via the issuance of
         common stock and stock options .....................      18,000                  -
         Deferred income tax expense ........................      43,646                  -
         Changes in non-cash working capital items:
             Accounts receivable ............................    (126,095)          (144,279)
             Accounts payable ...............................       2,554              7,385
                                                                ---------           --------
Net cash provided by (used in) operating activities .........       3,574           (232,227)
Cash flows from financing activities:
     Proceeds from issuance of common stock .................     455,000            248,420
                                                                ---------           --------
Net cash provided by financing activities ...................     455,000            248,420
                                                                ---------           --------
Net increase in cash during the period ......................     458,574             16,193
Cash position, beginning of period ..........................      51,707              3,419
                                                                ---------           --------
Cash and cash equivalents position, end of period ...........   $ 510,281           $ 19,612
                                                                =========           ========
</TABLE>

(see accompanying notes)

<PAGE>

dot com ENTERTAINMENT GROUP, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements

NOTE 1. - BASIS OF PRESENTATION

The accompanying  unaudited financial statements of dot com Entertainment Group,
Inc. and  Subsidiaries  (the "Company ") have been  prepared in accordance  with
generally accepted accounting  principles for interim financial  information and
with the  instructions to Form 10-QSB.  Accordingly,  they do not include all of
the  information  and  footnotes  required  by  generally  accepted   accounting
principles for complete financial statements. In the opinion of management,  all
adjustments (consisting of normal recurring accruals) considered necessary for a
fair  presentation  have been included.  Operating results for the three and six
month periods ended June 30, 2000 are not necessarily  indicative of the results
that  may be  expected  for the  year  ended  December  31,  2000.  For  further
information,  refer to the  Company's  Annual Report on Form 10-KSB for the year
ended  December  31, 1999,  which  includes  audited  financial  statements  and
footnotes as of and for the years ended December 31, 1999 and 1998.

NOTE 2. - STOCKHOLDERS' EQUITY

During the six months ended June 30, 2000,  the Company  issued 200,000 units of
equity instruments in a private placement offering. Each unit was sold for $2.50
and  consisted  of one share of the  Company's  common  stock and one warrant to
purchase  a share of common  stock at a price of $4.00 per share.  The  warrants
vest  immediately and expire two years from the date of grant. The proceeds from
the sale of these instruments amounted to approximately $455,000, net of related
costs amounting to $45,000, of which approximately  $85,500 was allocated to the
warrants. This amount was determined using the Black-Scholes pricing model.

During the six months ended June 30, 2000, 30,000 shares of the Company's common
stock were issued in exchange for consulting  services rendered.  These services
had a value of $3,000.

NOTE 3. - STOCK OPTIONS

During the six months ended June 30, 2000, the Company granted 50,000 options to
purchase  shares  of the  Company's  common  stock,  in  exchange  for  services
rendered.  These  services  had a value of  $15,000.  In  addition,  the Company
granted  50,000  incentive  stock options to employees,  accounted for under the
provisions of APB 25. Both of the above groups of options have an exercise price
of $3.00, vest immediately and expire in 2005.

NOTE 4. - EARNINGS PER SHARE

In  accordance  with  Statement  of  Financial  Accounting  Standards  No.  128,
"Earnings Per Share," the Company has reported basic earnings per share. Diluted
earnings per share has not been presented due to the fact that the conversion of
outstanding options and warrants are not considered in the calculation since the
average  market  price  is less  than the  exercise  price  for all  exercisable
securities  during  the six  months  ended  June 30,  2000.  There  are no other
potentially dilutive securities outstanding.

NOTE 5. - COMMITMENTS

During the three months ended June 30,  2000,  the Company  entered into a lease
for  additional  office  space at an annual  cost of  $45,000  for a period of 5
years.

NOTE 6. SUBSEQUENT EVENT

Subsequent to June 30, 2000,  the Company  granted  830,000  options to purchase
common  stock of the Company to  directors  and  employees  of the Company at an
exercise  price of $0.75 which will be accounted for under APB 25.  Accordingly,
no compensation expense will be recognized in the statement of operations.

Item 2. - Management's Discussion and Analysis of Financial Condition and
          Results of Operations

Results of Operations

General

dot com  Entertainment  Group,  Inc. ("dot com" or the "Company") is an Internet
software  development  company,  specializing  in the  creation  and  support of
Internet  entertainment  products  and  related  services.  dot com  derives its
revenues  from several  sources,  including  its  assessment of license fees and
royalties from the use of its software. Additionally, dot com provides licensees
with technical support, maintenance,  software upgrades, information and systems
consulting services, and marketing and promotional initiatives and services.

dot com is not an  Internet  gaming  company,  in that it does not  directly  or
indirectly  accept wagers used to play games of chance on the Internet.  Rather,
it  develops  and  licenses  the use of its  commercial  software  products  and
trademarks to independent  third parties  located in  jurisdictions  that permit
Internet gaming as a legitimate business enterprise.

The  following  tables set forth  selected  information  from the  statements of
operations  for the three and six months  ended  June 30,  2000 and 1999 and the
balance sheets as at June 30, 2000 and December 31, 1999.


Selected Statement of Operations Information
--------------------------------------------
<TABLE>
<CAPTION>
                        Three Months Ended June 30,             Six Months Ended, June 30,
                          2000              1999                   2000             1999
                          ----              ----                   ----             ----
<S>                    <C>                <C>                  <C>              <C>
Revenues               $ 436,312          $ 77,215             $  742,222       $  143,264
Operating expenses       368,592           173,433                633,107          238,597
Net income                41,074           (96,218)                65,469          (95,333)

</TABLE>

Selected Balance Sheet Information
-----------------------------------
                                      June 30,                 December 31
                                        2000                      1999
                                        ----                      ----
Current assets                     $   967,307               $   382,638
Current liabilities                    233,772                   231,217
Stockholders' equity                 1,012,889                   474,421

REVIEW OF THE THREE  MONTHS ENDED JUNE 30, 2000  COMPARED  WITH THE THREE MONTHS
ENDED JUNE 30, 1999

Revenues  increased to $436,312 for the quarter ended June 30, 2000 from $77,215
for the quarter ended June 30, 1999. The growth in revenues  results from higher
royalties and support and maintenance  charges. The royalty revenue increased to
$340,812 in 2000 from $62,215 in 1999  reflecting the increased  activity of the
Company's  existing  licensee  and the  addition  of royalty  income  from a new
licensee,  which  commenced  operations in the quarter.  Support and maintenance
revenue was $95,500 for the quarter ended June 30, 2000  resulting from upgrades
being made to the CyberBingo(TM) software and related systems, the redevelopment
of the CyberBingo(TM) website,  ongoing maintenance to the Antiguan licensee and
the  development and delivery of marketing and  promotional  programs.  In 1999,
support and maintenance revenue was $15,000. Licensing revenues were nil for the
quarter  ended June 30, 2000  although  the Company did receive a deposit from a
new software  licensee who is in the process of establishing  its operations and
will operate an Internet Bingo hall.  Licensing revenues were nil in the similar
period in 1999 as the Company only had one  licensee  for that period,  with the
initial  license fee having been paid in 1998.  It is  anticipated  that the new
licensees will continue to diversify the Company's  concentration of revenue for
the  remainder  of  fiscal  year  2000.  The new  licensees  will  also  provide
additional  royalties  and support  and  maintenance  revenue,  which will be in
addition to initial license fees where applicable

Operating  expenses  increased to $368,592  for the quarter  ended June 30, 2000
from  $173,433 for the same quarter in 1999.  The increased  operating  expenses
reflect the significantly higher level of activity at the Company. During fiscal
1999,  the  Company  had  limited  operations  in the  first  half of the  year,
resulting in significantly lower expense levels. Marketing expenses were $38,421
for the second  quarter of 2000  compared to $60,000  for the second  quarter in
1999.  The  decrease  is due  primarily  to the  Company  replacing  an  outside
marketing firm with a senior marketing  employee.  Development  expenses grew to
$139,901  for the three  months  ended June 30, 2000 from  $67,147 in 1999.  The
primary reason for the increase in development  expenses results from the hiring
of software  developers and  consultants  to improve the Company's  products and
services and to create  additional  internet games.  General and  administrative
expenses  increased to $190,270 for the quarter ended June 30, 2000 from $46,286
for the  similar  period  in the  prior  year.  The  increase  results  from the
remuneration  of its senior  management,  the  leasing of larger  office  space,
professional fees and the incurrence of the related expenses associated with the
higher level of activity of the Company which were expenses not incurred  during
the first quarter of 1999. Of note is that the Company employed approximately 20
people at June 30, 2000 as compared to 3 at the same time in 1999.

The Company had a net profit of $41,074 for the three months ended June 30, 2000
compared to a loss of  $(96,218)  in 1999  resulting  from the higher  levels of
revenue offsetting expense requirements.  As the Company increases the number of
its licensees and introduces new products it is anticipated  that  profitability
will continue. There was a $26,646 tax provision recorded for the second quarter
of 2000 based on the profits for the period as compared to nil in the prior year
period.

REVIEW OF THE SIX MONTHS ENDED JUNE 30, 2000  COMPARED WITH THE SIX MONTHS ENDED
JUNE 30, 1999

Revenues  increased  to  $742,222  for the six months  ended June 30,  2000 from
$143,264 for the six months ended June 30, 1999. The growth in revenues  results
from higher royalties and support and maintenance  charges and the assessment of
license  fees to new  software  licensees.  The  royalty  revenue  increased  to
$562,722 in 2000 from $117,521 in 1999 reflecting the increased  activity of the
Company's existing licensee and the addition of a new licensee during the second
quarter.  Support and maintenance  revenue was $162,500 for the six months ended
June 30, 2000 as a result of higher  levels of support as  discussed  above.  In
1999,  support and maintenance  revenue was $25,000.  Licensing revenues totaled
$17,000 for the year to date period ended June 30, 2000 as the Company has added
additional licensees.  Licensing revenues were nil in the similar period in 1999
as the Company only had one licensee for that period. The Company earned $743 of
advertising revenue during fiscal 1999 compared to nil in 2000.

Operating  expenses increased to $633,107 for the six months ended June 30, 2000
from  $238,597 for the same period in 1999.  The  increased  operating  expenses
reflect the  significantly  higher level of activity at the  Company.  Marketing
expenses  were  $72,300  for the first half of 2000  compared to $85,800 for the
first  half of  1999.  The  decrease  is due  primarily  to the  inclusion  of a
marketing  director in the current year where, in the prior year the Company was
using  outside  services to market and  promote  the  Company and its  products.
Development  expenses  grew to $257,172  for the six months  ended June 30, 2000
from  $81,368 in 1999.  The  primary  reason  for the  increase  in  development
expenses  results  from the hiring of software  developers  and  consultants  to
improve the Company's  products and services and to create  additional  internet
games.  General and administrative  expenses increased to $285,635 for the first
half of fiscal 2000 from $71,429 for the similar  period in the prior year.  The
increase results from the remuneration of its senior management,  the leasing of
expanded office space and the incurrence of the related expenses associated with
the higher  level of  activity  of the  Company  which were  expenses  that were
significantly  less in the  prior  year.  There was  $18,000  of stock and stock
option  compensation  expense  in the first  quarter of fiscal  2000  related to
30,000  common  shares  bearing a  restrictive  legend and 50,000  non-qualified
options issued to consultants for software development and other services. These
options were recorded as compensation  expense in accordance with the provisions
of SFAS No. 123,  based on the value of the  consulting  services.  There was no
similar expense in 1999.

The Company  had a net profit of $65,469 for the six months  ended June 30, 2000
compared to a loss of  $(95,333)  in 1999  resulting  from the higher  levels of
revenue  offsetting  expense  requirements.  There was a $43,646  tax  provision
recorded  for the first  half of 2000  based on the  profits  for the  period as
compared to nil in the prior year period.

LIQUIDITY AND CAPITAL RESOURCES

At June 30,  2000 the Company had cash  resources  of $510,281 as compared  with
$51,707 at December 31, 1999.

At June 30, 2000 the Company had working  capital of  approximately  $733,000 as
compared  with  approximately  $150,000  at  December  31,  1999.  The  increase
primarily  reflects the  issuance of 200,000  units of equity  instruments  in a
private  placement  financing.  The unit  price was  $2.50  per share  providing
proceeds of approximately $455,000 after associated expenses. Each unit consists
of one share of the  Company's  common stock and one warrant to purchase a share
of common stock at a price of $4.00 per share.  The Company intends to use these
funds to further develop its current  products,  create and develop new products
and to  expand  its  sales and  marketing  efforts  to  increase  the  number of
licensees of its products.

At June 30, 2000, total assets increased to $1,246,661 from $705,638 at December
31, 1999. The increase is due primarily to the higher levels of cash  associated
with the  issuance  of the units as  discussed  above as well as an  increase in
accounts receivable due to the higher level of revenues.

Total  liabilities  increased  marginally  to  $233,772  at June 30,  2000  from
$231,217 at December 31, 1999.  This increase is consistent  with the heightened
level of business  activity of dot com in the  current  period  compared to that
leading to the year-end December 1999.

Net cash  provided by operating  activities  was $5,659 and $3,574 for the three
and six  months  respectively  ended June 30,  2000.  These  amounts  compare to
$(133,609) and $(232,227) in the prior year. The improvement results from higher
net income,  increased  non-cash expenses and lower increase in non-cash working
capital items.  During the first quarter of 2000 the Company issued common stock
for net proceeds of $455,000 as described  above.  In the first  quarter of 1999
the  Company  issued  6,500,000  common  shares for  proceeds  of  approximately
$248,000.  There was a net  increase in cash of  $458,574  for the first half of
2000 as compared to $16,193 for the same period in 1999.

The Company intends to continue to pursue  financing  activities such as further
equity  offerings  and has  obtained  a line of  credit  supported  by its  cash
resources to support its ongoing  investment in activities to generate increased
revenues and profitability for the Company.

There are presently no material commitments for capital expenditures. Due to the
nature of its  business,  the Company does not require  significant  outlays for
capital  expenditures and, as a result, is not planning for any material capital
expenditures for the foreseeable future,  unless and until additional  financing
is realized.

IMPACT OF INFLATION

The  Company  believes  that  inflation  has not had a  material  effect  on its
business.

RISKS AND UNCERTAINTIES

The Company has identified  that there is uncertainty in North America  relating
to the lawfulness of Internet gaming. As such, notwithstanding the fact that its
licensees  operate  from  countries  where such  business is lawful if licensed,
governments elsewhere,  including the federal, state or any local governments in
the United States may take the position that the Company's  software and support
systems  are  being  played  and  or  used  unlawfully  in  their  jurisdiction.
Accordingly,  the  Company  may  face  criminal  prosecution  in any  number  of
jurisdictions,  either for operating an illegal gaming  operation,  or as aiding
and abetting  others,  such as its  licensees,  in  operating an illegal  gaming
operation.  The Company has devoted only limited  resources to investigating the
legal  climate in which it operates.  Many of the issues  facing the Company are
the same as those facing all other e-commerce and Internet  software  providers,
as  current  laws are not clear as to who,  if  anyone,  has  jurisdiction  over
Internet-based commerce. A number of proposals have been presented in the United
States congress to expressly ban Internet  gaming.  Some of these proposals have
recently been defeated.  Although the Company intends to do business  worldwide,
any  enforceable  ban on  Internet  gaming in the  United  States  would  have a
material  adverse  effect on the Company's  business and both its short-term and
long-term liquidity and its revenues from operations.

YEAR 2000 RISKS

In FY1999,  the potential existed and dot com was exposed to a risk that certain
of its systems or those of licensees would fail or suffer impairment as a result
of the Year 2000 issue (hereinafter  "Y2K"). Y2K relates to the rollover date of
programming  defaulting  to 01/01/1900  rather than  01/01/2000  (the  "Rollover
Date").  Although  there was no impact on the  Company or its  licensees  on the
Rollover Date and management believes that all hardware is Y2K compliant,  there
may still be a risk that the  Company's  reliance on certain  hardware  systems,
software and related  services could result in a complete  system failure to its
software  and/or  hardware  systems  and/or any related  information  technology
system including communication systems.

Although the Company relies on systems developed using current technology and on
systems  designed  to be Y2K  compliant,  we may  have to  replace,  upgrade  or
re-engineer or program certain systems to ensure that all technology will be Y2K
compliant  when operating  together.  Management  does not anticipate  having to
incur any major  operating  or capital  expenditures  that would have a material
impact on our financial condition.  While management believes that the Company's
hardware  and  software  systems  are and will  continue  to  operate  after the
Rollover  Date,  there  can be no  assurance  that  all  systems  will  function
adequately.

Item 6 - Exhibits and Reports on Form 8-K

         (a) Exhibits.

             Exhibit No.                               Exhibit Name
             -----------                               ------------

                 27                                    Financial Data Schedule

         (b) Reports on Form 8-K.

             None.

<PAGE>

                                   SIGNATURES

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

DOT COM ENTERTAINMENT GROUP, INC.
(Registrant)


Date:  August 4, 2000                       /s/  SCOTT WHITE
                                            ----------------
                                                 Scott White
                                                 President


Date:  August 4, 2000                       /s/  ANDRE KERN
                                            ---------------
                                                 Andre Kern
                                                 Principal Financial Officer

<PAGE>

                                 EXHIBIT INDEX
                                 -------------

               Exhibit No.                            Exhibit Name
               -----------                            -------------

                   27                                 Financial Data Schedule