<PAGE>1









































                           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 April 30, 1997

[ ]   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:

                1,631,834 Shares of Common Stock ($.001 par value)
                               (Title of Class)


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








<PAGE>3

                        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
                                APRIL 30
                                (UNAUDITED)
<S>                                                                 <C>                   <C>
                                                                   1997                   1996
Assets
Current Assets                                       
Cash and Cash Equivalents                                       $ 1,011,705             $  764,733
Accounts Receivable                                                  15,048                 11,153
Prepaid Advertising Expense                                           6,062                  1,118
Trading Securities                                                   27,000                 89,275
                                                                -----------             ----------
Total Current Assets                                              1,059,815             $  866,279

Fixed Assets 
Furniture & Equipment                                                21,136                  9,417
Less:   Accumulated Depreciation            	                         5,275                  1,736
                                                                 ----------             ----------

Fixed Assets - Net                                                   15,861                  7,681

Other Assets
Organization Costs   net of amortization                              1,914                  2,551
Other Investments                                                   600,000                180,000
                                                                 ----------              ---------

Total Other Assets                                                  601,914                182,551

Total Assets                                                     $1,677,590            $ 1,056,511
                                                                   ========               ========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts Payable                                     	             $  9,496               $  2,390
DUE TO AFFILIATES                                                         0                    515
Deferred Revenue                                              	     380,739                186,011
                                                                 ----------               --------

Total Current Liabilities                                          $390,739              $ 188,916

Stockholders' Equity
Common Stock, $.001 par value, 50,000,000 shares     	                1,592                  1,592
  authorized, 1,631,834 AND 1,591,834 shares issued 
& outstanding Paid in Capital                                     1,446,002              1,276,002
Accumulated Deficit                                                 (88,743)              (409,999)
Treasury Stock                                                      (71,496)                     0
                                                                -----------              ---------

Total Stockholders' Equity                           	            1,287,355                867,595
                                                              -------------              ---------

Total Liabilities and Stockholders' Equity                    	  $1,677,590             $1,056,511
                                                              	    ========               ========
</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 and SIX MONTHS ENDED APRIL 30,
                           (UNAUDITED)

                                                       1997                        1996
                                                THREE        SIX            THREE        SIX
                                                MONTHS       MONTHS         MONTHS      MONTHS
<S>                                              <C>          <C>            <C>         <C>

Revenue                                     $ 176,716       $ 311,638     $ 69,842    $ 114,499

Costs and expenses:    

General and administrative                     71,547         135,374       46,400       85,949
                                             ---------      ---------    ---------    ---------

Net Income from operations                  $ 105,169        $176,264       23,442    $  28,550

Other income:
Gain on Sale of Securities                      1,188           1,188       18,569       18,569
Interest Income                                10,918          20,801        9,025       19,076
                                            ---------       ---------    ---------    ---------
                                              117,275         198,253       51,036       66,195

Provision for income taxes                          0               0            0            0
                                            ---------       ---------    ---------    ---------

Net income                                  $ 117,275       $ 198,253     $ 51,036     $ 66,195

Per share information:

Weighted average number of common
   shares outstanding                       1,602,234       1,593,734    1,591,834    1,591,834
                                           ----------       ---------    ---------    ---------

Net income per share                         $  0.07        $    0.12    $    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 SIX MONTHS ENDED APRIL 30
                                         (UNAUDITED)

                                                                         1997                 1996
<S>                                                                     <C>                     <C>

Cash flows from operating activities:
Net Income                                                             $198,253  	   $66,195  
Depreciation and Amortization                                             2,089                1,261
Increase (Decrease) in Accounts Receivable                               17,251               (6,324)
Increase (Decrease) in Prepaid Expenses                                  (3,672)              (1,118)
Decrease in Accounts Payable                                              6,324                  155
Decrease in Deferred Revenue                                            136,040              169,615 
                                                                   ------------            ---------
Net cash provided by (used in) operations                           $   356,285             $224,828

Cash flows from investing activities:         
Acquisition of equipment                                                 (3,440)                   0
Acquisition of Trading Securities                                             0              (44,828) 
Acquisition of Other Securities                                        (270,000)            (180,000)
                                                                     ----------           ----------
Net cash provided by (used in)
    investing activities                                            $        0              (56,941)

Cash flows from financing activities:
Decrease in Loan Receivable                                              18,000                    0
Increase in Treasury Stock                                              (71,496)                   0
Increase in Additional Paid in Capital                                  170,000                    0 
                        	                                          ----------           ----------
      	                                                              $116,504               $    0
 
Net increase in cash                                                   $199,349               $4,956
Cash and Cash equivalents 
            November 1                                                  812,356              759,777
                                                                    -----------           ----------

Cash and Cash Equivalents
           April 1, 1997                                              1,011,705             $764,733
                                                                    -----------           ----------

Supplement cash flow information:

Cash paid to Income taxes                                             $      0               $      0
           Interest                                                   $      0               $      0
</TABLE>

See the accompanying notes to the financial statements.













<PAGE>7

                          GAMING VENTURE CORP., U.S.A.
                   NOTES TO UNAUDITED FINANCIAL STATEMENTS
                               April 30, 1997

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.

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 April 30, 1997, the Company held equity securities with a fair value of 
$27,000 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 April 30, 
1997.

Note 4.   INCOME TAXES

The Company provides for income taxes pursuant to Financial Accounting 
Standards Board Statement No. 109 "Accounting for Income Taxes".   No 
provision for income taxes has been provided for during the period ended 
April 30, 1997 because of the tax loss carryforward.  The Company may use 
this tax loss carryforward through 2010 to offset future income.   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 $738,648.88 on deposit in a money market fund at a 
single 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.  Inasmuch as a major portion of the Company's 
activities  is  the  development  and  operation of a daily 900 number 
hotline information  service,  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.  On 
On May 29, 1997, the Company extended the expiration of the Class A and Class 
B Warrants to June of 1999.   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, 1996 consulting fees were received 
from  Hilton  Hotels  Corporation ($4,625)  Europa  Cruises  ($31,190),  
Champps Entertainment  ($4,000),  Game  Financial Corp. ($12,000), Royal 
Casino Group, Inc. ($37,000), Vodavi Technology ($16,000), American Wagering, 
Inc. ($11,145) and New Horizon  Kids Quest ($4,400).    Comparatively, during 
the period from November 1, 1995 to January 31, 1996 consulting fees were 
received from Europa Cruises, Champps Entertainment and Game Financial Corp. 
amounted to $7,660, $3,000 and $4,000 respectively.   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 six months ended April 30, 1997 consulting fees were received from 
Casinovations ($120,000), Players Network ($60,000), Royal Casino Group, Inc. 
($15,000) Game Financial Corp. ($6,000), New Horizon Kids Quest, Inc. 
($13,200), Vodavia Technology, Inc. ($12,000) American Wagering, Inc. 
($13,260) and Europa Cruises Corporation ($15,130).  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 April 30, 1997 consulting fees were received 
from Casinovations ($82,500), Players Network ($30,000), Royal Casino Group, 
Inc. ($7,500) Game Financial Corp. ($3,000), New Horizon Kids Quest, Inc. 
($6,600), Vodavia Technology, Inc. ($6,000) American Wagering, Inc. ($6,600) 
and Europa Cruises Corporation ($7,630).   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, 1996, the Company had an increase of a 
note receivable  of  $18,000.   The Company advanced an unrelated entity 
$18,000 in exchange  for  a  profit  sharing  arrangement with two of the 
entity's retail locations in New York City. The financing was provided 
interest free for the months  of  November  and  December,  1996 in return 
for the following profit participation:   On  the first $10,000 of net pre-
tax cash flows from these locations,  the  Company  will  receive  $10,000.   
On the next $10,000 of net pre-tax  cash flows, the Company will receive 
$5,000.   On the next $10,000 of net  pre-tax  cash  flows,  the  Company  
will receive $4,000.   On the fourth $10,000  of net pre-tax cash flows, the 
Company will receive $3,000 and on any net  pre-tax  cash  flows  above  
$40,000, the Company will receive 20% of the excess.    In  the  event  that  
the  profit participation arrangement is in sufficient  to  repay  the  
$18,000  investment,  it  will convert into a loan arrangement  as follows:   
If the Company has received at least $20,000 of net pre-tax  cash  flows,  no  
additional payment will be due.   In the event that less  than  $20,000  has  
been  received, the Company will permit the borrower until  February  28, 
1997 to repay the difference between $15,000 and whatever payment has been 
made to the Company from net pre-tax cash.   The note was repaid in full in 
the first quarter of 1997.

For  the  year  ended October 31, 1996, the Company received proceeds from 
the sale  of  marketable  securities  of $54,129 and acquired securities 
valued at $56,941.    The Company also acquired property and equipment of 
$8,278.   As a result,  the  Company had net cash used in investing 
activities of $29,090 for the  year  ended  October  31,  1996.

For the six month period ended April 30, 1997, the Company acquired equipment 
valued at $3,440 and acquired other securities valued at $270,000.   For the 
sixth month period ended April 30, 1997, Company had cash flow from investing 
activities of $273,440.

<PAGE>9

For the six month period ended April 30, 1996, the Company acquired trading 
securities valued at $44,828 and other securities of $270,000.   For the 
sixth month period ended April 30, 1997, Company had cash flow from investing 
activities of $224,828.

For the year ended October 31, 1996, the Company pursued no financing 
activities.

For the six month period ended April 30, 1997, the Company repurchased 23,100 
shares at an average price of $3.09.   Total cash used for the share 
repurchase was $71,436.   The Board of Directors of the Company authorized 
$200,000 to be allocated for the share repurchase.   The Company intends to 
repurchase additional shares as market conditions allow.   The 23,100 shares 
are currently held as Treasury Stock and it is anticipated that the shares 
will be retired.   For the six month period ended April 30, 1997, the Company 
had a decrease in loan receivable of $18,000 and received additional paid in 
capital of $170,000 resulting in cash flows from financing activities of 
$116,504.

For the six month period ended April 30, 1996, the Company pursued no 
financing activities.

Results of Operations. The Company had net income of $198,253 for the six 
months ended April 30, 1997.    General and administrative expenses for the 
six months ended April 30, 1997 were $135,374 and consisted principally of 
officer's salaries of $52,450, rent of $9,328, telephone of $10,943, printing 
press releases and advertising of $14,320, professional fees of $10,033, 
travel and entertainment of $11,066 and miscellaneous general and 
administrative expenses of $27,234.   The Company had an increase in accounts 
receivable of 17,251 due to increased operations.   Deferred revenue 
increased $136,040 due to the contracts with Casinovations, Inc. and Players 
Network, Inc..   Net cash provided by operations for the six months ended 
April 30, 1997 was $356,285.

The Company had net income of $117,275 for the three months ended April 30, 
1997.    General and administrative expenses for the three months ended April 
30, 1997 were $71,547 and consisted principally of officer's salaries of 
$23,200, rent of $4,656, telephone of $5,013 printing press releases and 
advertising of $9,819, professional fees of $6,658, travel and entertainment 
of $7,931 and miscellaneous general and administrative expenses of $14,270.   
The Company had an increase in accounts receivable of $20,765 due to 
increased operations.   Deferred revenue increased $199,852.   Net cash 
provided by operations for the three months ended April 30, 1997 was 
$343,284.

The Company had net income of $66,195 for the six months ended April 30, 
1996.    General and administrative expenses for the six months ended April 
30, 1996 were $85,949 and consisted principally of officer's salaries of 
$44,650, rent of $9,267, telephone of $6,303, printing press releases and 
advertising of $3,995, professional fees of $5,275, travel and entertainment 
of $2,071 and miscellaneous general and administrative expenses of $14,388.   
The Company had a decrease in accounts receivable of 6,324.  Deferred revenue 
increased $169,615.  Net cash provided by operations for the six months ended 
April 30, 1996 was $229,784.

The Company had net income of $51,036 for the three months ended April 30, 
1996.    General and administrative expenses for the three months ended April 
30, 1996 were $46,400 and consisted principally of officer's salaries of 
$22,550, rent of $4,618, telephone of $3,965, printing press releases and 
advertising of $3,042, professional fees of $3,635, travel and entertainment 
of $268 and miscellaneous general and administrative expenses of $14,388.   
The Company had a decrease in accounts receivable of 8,322.   Deferred 
revenue increased $151,580.   Net cash provided by operations for the three 
months ended April 30, 1996 was $195,626.

The  Company  had  net operating income of $170,152 for the year ended 
October 31,  1996.      General  and  administrative  expenses for  the  year 
ended October 31, 1996 were $186,375 and consisted principally of officer's 
salaries of  $92,750,  rent  of $18,312, telephone of $13,556 and 
miscellaneous general and  administrative  expenses  of  $61,757.   The 
Company had an increase in accounts  receivable  of  $27,470  due  to  
increased operations.    Deferred revenue  increased  $228,302 from the sale 
of its newsletter subscriptions and prepaid  consulting  revenue. The Company 
acquired common stock and options as non-cash consideration valued at 
$330,000 as partial payment of its consulting services.   The Company 
realized gain on the sale of securities of $27,440 and had  amortization  and  
depreciation  of  $638  and  $2,711 for the year ended October  31, 1996.   
The Company had an increase in prepaid expenses of $2,390 due  to  increased 
operations and had a slight increase in accounts payable of $422.    Net cash 
provided by operations for the year ended October 31, 1996 was  $81,669.

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
		
	










                           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:   June 11. 1997                                  /s/ Alan Woinski
		          		-------------------------------------
					Alan Woinski, President