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                           UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION

                       Washington, D.C. 20549

                          FORM 10-QSB

[X]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
      OF THE SECURITIES AND EXCHANGE ACT OF 1934
      For the Quarter ended January 31, 1998

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

                 Commission file number - 33-98184 

                    GAMING VENTURE CORP., U.S.A.
         Exact name of Registrant as specified in its charter)

          NEVADA	                                              22-3378922
(State or other jurisdiction of	                            (I.R.S. Employer
incorporation or organization	                           Identification Number)

177 Main Street, Suite 312, Fort Lee, NJ                          07024
(Address of principal executive offices)                        (Zip Code)

                      (201) 947-4642
            (Registrant's telephone number, including area code)

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 and Exchange 
Act of 1934 during the preceding twelve months (or such shorter period that 
the Registrant was required to file such reports), and (2) has been subject to 
file such filing requirements for the past thirty days.

Yes    x      No	
    ------       ------

Indicate the number of shares outstanding of each of the issuer's classes of 
common stock, as of the close of the period covered by this report:

                1,616,834 Shares of Common Stock ($.001 par value)
                               (Title of Class)


Transitional Small Business Disclosure Format (check one):  
    Yes           No    x
       -------       -------






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                        GAMING VENTURE CORP., U.S.A.



PART I:        Financial Information

                     ITEM 1 - Financial statements

                     ITEM 2 - Management's' discussion and analysis of     
                     financial condition and results of operations

PART II:      Other Information

                     ITEM 6 - Exhibits and Reports on Form 8-K




                                


































<PAGE>4

PART I

Item 1. Financial Statements:

<TABLE>
<CAPTION>
                         GAMING VENTURE CORP., U.S.A.
                                 COMPARATIVE BALANCE SHEET
                                 JANUARY 31
                                  (UNAUDITED)
<S>                                                     <C>                  <C>
                                                        1998                1997
Assets
Current Assets                                       
Cash and Cash Equivalents                              $1,025,428         $ 1,012,684
Accounts Receivable                                        45.096              35,813
Prepaid Advertising Expense                                12,836               3,388
Trading Securities                                         38,902              38,875
                                                       ----------         -----------
Total Current Assets                                   $1,122,262          $1,090,760

Fixed Assets 
Furniture & Equipment                                      28,734              18,369
Less:   Accumulated Depreciation            	               9,534               4,390
                                                       ----------          ----------    

Fixed Assets - Net                                         19,200              13,979

Other Assets
Organization Costs   net of amortization                    1,436               2,073
Other Investments                                         613,875             330,000
                                                       ----------          ----------

Total Other Assets                                        615,311             332,073

Total Assets                                           $1,756,733          $1,436,812
                                                       ==========          ==========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Taxes Payable                                             $21,606             $     -
Accounts Payable                                           13,314               2,474
DUE TO AFFILIATES                                               -                   -
Deferred Revenue                                          201,607             180,887
                                                        ---------            --------

Total Current Liabilities                                $236,527            $183,361

Stockholders' Equity
Common Stock, $.001 par value, 50,000,000 shares            1,609               1,592
  authorized, 1,591,834 AND 1,631,834 shares issued 
& outstanding      
Paid in Capital                                         1,388,489           1,446,002
Unrealized (Loss) on Investments                          (26,310)                  -
Retained Earnings                                         156,464                   -
Accumulated Deficit                                             -            (194,143)
                                                      -----------         -----------

Total Stockholders' Equity                              1,520,246           1,253,451
                                                      -----------         -----------

Total Liabilities and Stockholders' Equity             $1,756,773          $1,436,812
                                                       ==========          ==========
</TABLE>

See the accompanying notes to the financial statements
























<PAGE>5

<TABLE>
<CAPTION>
                   GAMING VENTURE CORP., U.S.A.
                     COMPARATIVE STATEMENT OF OPERATIONS
              FOR THE THREE MONTHS ENDED JANUARY 31,
                                  (UNAUDITED)

                                                                    1998              1997
<S>                                                                  <C>               <C>

Revenue                                                             $192,458       $134,922

Costs and expenses:    

General and administrative                                           121,041         63,827
                                                                    --------        -------

Net Income from operations                                            71,417         71,095

Other income:
Interest Income                                                       14,318          9,883
                                                                    --------        -------

Net income before taxes                                              $85,735        $80,978

Provision for income taxes                                            16,650              0
                                                                    --------        -------

Net income                                                           $69,085          80,978

Per share information:

Weighted average number of common
   shares outstanding                                              1,612,903       1,599,911
                                                                   ---------       ---------

Net income per share                                              $    0.04        $    0.05
                                                                  ---------        --------- 

See the accompanying notes to the financial statements
</TABLE>









<PAGE>6

<TABLE>
<CAPTION>
                               GAMING VENTURE CORP., U.S.A.
                                  STATEMENT OF CASH FLOWS
                          FOR THE THREE MONTHS ENDED JANUARY 31
                                         (UNAUDITED)

                                                                1998            1997
<S>                                                              <C>             <C>

Cash flows from operating activities:
Net Income                                                     $69,085         $80,978
Depreciation and Amortization                                    1,560           1,045
Gain on Sale of securities                                        (467               -
Common Stock issued for consulting services                     14,000               -
Increase in Accounts Receivable                                (19,801)         (3,514)
Increase in Prepaid Expenses                                   (10,555)           (998)
Decrease in Accounts Payable                                     1,163            (645)
Other                                                          (68,859)            (53)
Increase in Deferred Revenue                                   (11,981)        (63,812)
                                                               -------          ------
Net cash provided by (used in) operations                     $ 25,855        $ 13,001

Cash flows from investing activities:         
Proceeds from sale of securities                                 3,063
(Increase in Fixed Assets                                         (137)              -
(Increase) in restricted cash                                   (3,061)              -
Decrease in note receivable                                          -          18,000
                                                              --------        --------
Net cash provided by (used in)
    investing activities                                       $  (135)       $ 18,000

Cash flows from financing activities:
  Common Stock issued for cash                                 $     -        $170,000
                                                               --------       --------

Net increase in cash                                         $ (25,900)       $200,328

Cash beginning of period                                       845,785         812,356
                                                             ---------       ---------

Cash end of period                                           $ 819,795       1,012,684
                                                             ---------       ---------
</TABLE>

See the accompanying notes to the financial statements.











<PAGE>7

                          GAMING VENTURE CORP., U.S.A.
                   NOTES TO UNAUDITED FINANCIAL STATEMENTS
                               JANUARY 31, 1998

Note.   BASIS OF PRESENTATION

The accompanying unaudited condensed financial statements have been 
prepared in accordance with generally accepted accounting principals for 
interim financial information and Article 10 of Regulation S-X.   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 
adjustments) considered  necessary for a fair presentation have been 
included.   The results of operations for the periods presented are not 
necessarily indicative of the results to be expected for the full year.   The 
accompanying financial statements should be read in conjunction with the 
Company's audited financial statements for the twelve months ended October 31, 
1997 included in Company's Form 10-KSB.

Net income per share

The net income per share is computed by dividing the net income for the 
period by the weighted average number of common shares outstanding for 
the period.

Note 2.   STOCKHOLDERS' EQUITY

During October, 1995 the Company filed a registration statement with the 
Securities and Exchange Commission on Form S-1 which was declared 
effective on June 4, 1996 which registered 100,000 Class A Warrants, 
100,000 Class B Warrants and 1,196,834 shares of common stock 
(including the 200,000 common shares underlying the Class A and Class B 
Warrants).

Note 3.   MARKETABLE SECURITIES

The Company's securities that are bought and held principally for the 
purpose of selling them in the near term are classified as trading securities. 
  Trading securities are recorded at fair value as a current asset with the 
change in fair value during the period included in earnings.

At January 31, 1998, the Company held equity securities with a fair value of 
$38,902 and a cost of $60,252. The unrealized holding loss for the 
period is shown as a separate component of stockholders equity. The Company 
had sales proceeds of $0 from trading securities during the period ended 
January 31, 1997.

Note 4.   INCOME TAXES

The Company provides for income taxes pursuant to Financial Accounting 
Standards Board Statement No. 109 "Accounting for Income Taxes".   A 
provision for income taxes of $16,650 has been provided for the period. The 
Company is unable to predict future taxable income that would enable it to 
utilize any deferred tax asset and therefore the deferred tax asset of 
approximately $160,000 has been fully reserved.

Note 5.   CONCENTRATION OF CREDIT RISK

The Company currently has $746,788.96 on deposit in a money market fund at 
a singe broker.  The amount of SIPC insurance on this fund is limited to 
$100,000.


 


<PAGE>8

                         GAMING VENTURE CORP., U.S.A.

PART I (cont.)


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

Trends  and  Uncertainties.   nasmuch as a major portion of the Company's
activities is the development and operation of a daily 900 number hotline
information service, the Daily Lodging Newsletter, a daily and a weekly 
newsletter regarding the gaming industry and providing consulting services, 
the Company's business operations may be adversely affected by competitors 
and prolonged recessionary periods.

In addition, the future exercise of any of the outstanding Warrants is
uncertain based on the current financial condition of the Company.  The lack
of future exercise of the Class A or Class B Warrants would negatively impact
the Company's ability to successfully expand operations.

During the year ended October 31, 1997 consulting fees were earned from
Casinovations ($45,000), Players Network ($15,000)  Europa  Cruises  
($30,620), Game  Financial Corp. ($12,000), Royal Casino Group, Inc. 
($37,500), Vodavi Technology ($24,000), American Wagering, Inc. ($32,060) and  
New  Horizon  Kids  Quest  ($26,400). Consulting fees also included Casino
Resource Corp. ($17,500) and Chancellor Corp. ($5,250) Public Relations fees 
for Gaming Venture's West included Players Network ($4500), Jeff Kutash 
Productions ($2,000), Europa Cruises ($3,000).   Celebrity Speaking fees 
totaled $9,550.  There can be no certainty that this limited  number  of  
consulting service customers will continue to utilize the Company's  services 
or that the Company can replace or add to these consulting customers.

During the three months ended January 31, 1998 consulting fees were earned 
from Casinovations ($37,500), Players Network ($30,000)  Europa  Cruises  
($7,780), Game  Financial Corp. ($2,000), Royal Casino Group, Inc. ($7,500), 
Vodavi Technology ($6,000), American Wagering, Inc. ($15,060) and New Horizon  
Kids  Quest  ($6,600). Consulting fees also included Casino Resource Corp. 
($15,000), Nevada Gold & Casinos, Inc. ($600) and Chancellor Corp. ($10,500).   
There can be no certainty that this limited number of consulting service 
customers will continue to utilize the Company's services or that the Company 
can replace or add to these consulting customers.

Capital  and  Source  of  Liquidity.    The Company signed a lease to rent 700
square feet of office space through December 31, 2000.   The Company exercised
its  option  to rent an additional six hundred square feet of space commencing
November 1, 1995.   Total lease payments per month increased from $700 per
month to $1,500.   This may have a negative impact on the cash flow of the
Company.   The landlord is Lucky Management Corp. Other than the lease, the
Company has no material commitments for capital expenditures.

For the year ended October 31, 1997, the Company received $16,185 from the 
sale of securities.   The Company acquired securities valued at $28,438 and 
property and equipment of $10,901.   As a result, the Company had net cash 
used in investing activities of $5,154.

For the three month period ended January 31, 1998, the Company purchased $137 
worth of equipment, had an increase in restricted cash of $3,061 and received 
proceeds from the sale of securities of $3,063.  As a result, the Company had 
cash flow used in investing activities of $(135).

For the year ended October 31, 1997, the Company made payments to related 
parties of $515..  The Company issued common stock for cash of $170,000 and 
acquired treasury stock valued at $71,496.   As a result, the Company had net 
cash provided by financing activities of $97,989.

For the three month period ended January 31, 1998, the Company had no 
financing activities.

Results of Operations.    The Company had net operating income of $338,622 
for the year ended October 31, 1997.     General and administrative  expenses  
for  the  year ended October 31, 1997 were $316,277 and related party general 
and administrative expenses of $19,046.  These consisted principally of 
officer's salaries of $99,627, rent of $18,324, telephone of $20,390 and 
other general and  administrative expenses of $177,936.     The Company had a 
decrease in accounts receivable of $7,004.    Deferred revenue increased 
$23,767 from the sale of its newsletter subscriptions and prepaid consulting 
revenue. The Company acquired common stock and options as non-cash 
consideration valued at $270,000 as partial payment of its consulting 
services.   The Company realized gain on the sale of securities of $4,685 and 
had amortization and depreciation of $4,628 and $638 for the year ended 
October  31, 1997.   The Company had an increase in prepaid expenses and 
accounts payable of $43,082. Net cash provided by operations for the year 
ended October 31, 1997 was $143,166.

The Company had net income of $80,978 for the three months ended January 31, 
1998.    General and administrative expenses for the three months ended 
January 31, 1998 were $121,041 and consisted principally of officer's salaries 
of $52,300, rent and utilities of $5,794, telephone of $5,209, printing and 
advertising of $7,447, professional fees of $26,600 and miscellaneous general


<PAGE>9

and administrative expenses of $23,691.   The Company had an increase in 
accounts receivable of $19,801 due to increased operations.   Deferred revenue 
decreased $68,859 and taxes payable decreased $11,981.   Net cash provided by 
operations for the three months ended January 31, 1998 was $25,855.

The Company is seeking to lower its operating expenses while expanding 
operations and increasing its customer base and operating revenues.  The 
Company is focusing on decreasing administrative costs.   However,
increased marketing expenses will probably occur in future periods as the 
Company attempts to further increase its marketing and sales efforts.



<PAGE>10

                            GAMING VENTURE CORP., U.S.A.

PART II


Item 6. Exhibits and Reports on Form 8-K  

	(a)	Exhibits (numbered in accordance with Item 601 of 
		Regulation S-K)

		None

	(b)	Reports on Form 8-K

On January 26, 1998, the Company filed a report on Form 8-K regarding Item 2.   
Acquisition or Disposition of Assets.     On January 13, 1998, the Company 
agreed to issue 3,000,000 shares of its common stock, par value $001 in 
exchange for all of the outstanding Common stock of Casino Journal Publishing 
Group.    Current exchanging shareholders of Casino Journal Publishing Group 
shall be issued an additional amount of common shares (up to 1,500,000 
shares) upon reaching revenues of $8 million in 1998 and $9 million in 1999.   
Additionally, the Company shall grant the exchanging shareholders options to 
purchase 380,000 shares of its common stock at an exercise price of $2.40 per 
share.







                           SIGNATURE

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.




Date:  March 16, 1998                       /s/ Alan Woinski
                                           ----------------------------
                                            Alan Woinski, President