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:         March 31, 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   0-27226
                       -----------

                        SPINTEK GAMING TECHNOLOGIES, INC.
   -------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

            Nevada                                       33-0134823
 ------------------------------               ---------------------------------
(State or other jurisdiction of               (IRS Employer Identification No.)
incorporation or organization)

                       1857 Helm Drive, Las Vegas, Nevada        89119
--------------------------------------------------------------------------------
                    (Address of principal executive offices)   (Zip Code)

                                 (702) 263-3660
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)


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

         Indicate  by check mark  whether the issuer (1) filed all reports to be
filed by  Section  13 or 15(d) of the  Exchange  Act of 1934  during the past 12
months (or for such shorter period that the registrant was required to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days.     Yes _X_   No ___

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date:

     153,902,024 shares of Common Stock, $0.002 par value as of May 5, 2000
     ----------------------------------------------------------------------

<PAGE>
                        SPINTEK GAMING TECHNOLOGIES, INC.

                                   FORM 10-QSB

                                TABLE OF CONTENTS

                                                                        Page No.
                                                                        --------
PART I.  FINANCIAL INFORMATION

 Item 1. Financial Statements

          Consolidated Balance Sheets at March 31, 2000 and June 30, 1999      3
          Consolidated Statements of Operations for the Three Months and
             Nine Months Ended March 31, 2000 and 1999                         4
          Consolidated Statements of Cash Flows for the Nine Months Ended
             March 31, 2000 and 1999                                           5
          Notes to Consolidated Financial Statements                           7

 Item 2.  Management's Discussion and Analysis of Financial Condition and
             Results of Operations                                             7

PART II. OTHER INFORMATION

 Item 1. Legal Proceedings                                                    12

 Item 2. Changes in Securities                                                12

 Item 3. Defaults Upon Senior Securities                                      12

 Item 4. Submission of Matters to a Vote of Security Holders                  12

 Item 5. Other Information                                                    12

 Item 6. Exhibits and Reports on Form 8-K                                     12

SIGNATURE PAGE                                                                13

EXHIBIT INDEX                                                                 14


                                       2
<PAGE>
            SPINTEK GAMING TECHNOLOGIES, INC. AND SUBSIDIARIES
<TABLE>
<CAPTION>
                        CONSOLIDATED BALANCE SHEETS
                              (In thousands)

                                                                   March 31,   June 30,
                                                                     2000        1999
                                                                  ----------  ---------
                                                                 (Unaudited)
<S>                                                               <C>         <C>
                                  ASSETS
Current assets:
  Cash                                                            $    221    $    981
  Accounts receivable, net                                           1,190         598
  Prepaid and other current assets                                     264         389
  Inventories, net                                                   2,294       1,996
                                                                  --------    --------
    Total current assets                                             3,969       3,964

Furniture, fixtures and equipment, net                                 431         353
Licenses and patents, net                                              914         959
Other assets                                                           132         120
                                                                  --------    --------

Total assets                                                      $  5,446    $  5,396
                                                                  ========    ========

              LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
  Accounts payable                                                $  1,299    $  1,590
  Accounts payable to stockholder                                       90         490
  Current portion of capitalized leases and notes payable              203         593
  Accrued liabilities                                                  713         693
  Accrued interest                                                     174          14
  Customer deposits                                                    119         580
                                                                  --------    --------
    Total current liabilities                                        2,598       3,960
                                                                  --------    --------

Long-term debt, net of current portion                               3,513         408
                                                                  --------    --------

Stockholders' equity (deficit):
  Convertible preferred stock, no par value, 100,000 shares
    authorized, no shares issued and outstanding                      --          --
  Common stock, $.002 par value, 500,000,000 shares authorized,
    155,149,455 and 143,560,448 shares issued                          310         287
  Additional paid-in capital                                        24,856      23,758
  Accumulated deficit                                              (25,802)    (22,988)
  Treasury stock, 1,317,329 shares, at cost                            (29)        (29)
                                                                  --------    --------
    Total stockholders' equity (deficit)                              (665)      1,028
                                                                  --------    --------

Total liabilities and stockholders' equity (deficit)              $  5,446    $  5,396
                                                                  ========    ========
</TABLE>

        See accompanying Notes to Consolidated Financial Statements

                                     3

<PAGE>
             SPINTEK GAMING TECHNOLOGIES, INC. AND SUBSIDIARIES
<TABLE>
<CAPTION>
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                      (In thousands, except per share data)
                                   (Unaudited)


                                                          Three Months Ended         Nine Months Ended
                                                                March 31,                March 31,
                                                       ----------------------    ----------------------
                                                          2000         1999         2000         1999
                                                       ---------    ---------    ---------    ---------
<S>                                                    <C>          <C>          <C>          <C>
Sales                                                  $   1,666    $   1,041    $   5,712    $   3,050
Cost of sales                                                913          572        2,942        1,693
                                                       ---------    ---------    ---------    ---------
  Gross profit                                               753          469        2,770        1,357

Selling, general and administrative expenses               1,944        1,477        4,778        3,512
Research and development expense                              74           40          224          204
Stock option compensation expense                             77         --            341         --
                                                       ---------    ---------    ---------    ---------

  Operating loss                                          (1,342)      (1,048)      (2,573)      (2,359)

Other income (expense):
  Interest and other income                                    7            9           36           43
  Depreciation and amortization                              (19)         (52)        (109)         (90)
  Interest expense                                           (81)         (94)        (168)        (229)
                                                       ---------    ---------    ---------    ---------

Net loss                                                  (1,435)      (1,185)      (2,814)      (2,635)
Conversion preference of convertible preferred stock        --            (81)        --           (247)
                                                       ---------    ---------    ---------    ---------

Net loss applicable to common shares                   $  (1,435)   $  (1,266)   $  (2,814)   $  (2,882)
                                                       =========    =========    =========    =========

Loss per common share information:
  Weighted average common shares:
    Basic                                                147,687       18,795      145,204       18,753
                                                       =========    =========    =========    =========
    Diluted                                              147,687       18,795      145,204       18,753
                                                       =========    =========    =========    =========

  Net loss per common share:
    Basic                                              $   (0.01)   $   (0.07)   $   (0.02)   $   (0.15)
                                                       =========    =========    =========    =========
    Diluted                                            $   (0.01)   $   (0.07)   $   (0.02)   $   (0.15)
                                                       =========    =========    =========    =========
</TABLE>

           See accompanying Notes to Consolidated Financial Statements

                                        4
<PAGE>
               SPINTEK GAMING TECHNOLOGIES, INC. AND SUBSIDIARIES
<TABLE>
<CAPTION>
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (In thousands)
                                   (Unaudited)

                                                              Nine Months Ended
                                                                  March 31,
                                                             -------------------
                                                               2000       1999
                                                             --------   --------
<S>                                                          <C>        <C>
Cash flows from operating activities:
  Net loss                                                   $(2,814)   $(2,635)
  Adjustments to reconcile net loss to net cash used
   in operating activities:
    Depreciation and amortization                                109         90
    Non-cash interest expense                                    160        116
    Change in allowance for inventory obsolescence, net           47         70
    Change in allowance for doubtful accounts                     64       --
    Write off of assets                                           24       --
    Non-cash operating expenses for common stock
     options vesting during period                               341       --
  (Increase) decrease in assets:
    Accounts receivable                                         (741)      (662)
    Inventory                                                   (345)    (1,176)
    Prepaid expenses and other                                   198       (646)
  Increase (decrease) in liabilities:
    Accounts payable                                            (291)       369
    Accrued liabilities                                          112        711
    Customer deposits                                           (461)     1,157
                                                             -------    -------
Net cash used in operating activities                         (3,597)    (2,606)
                                                             -------    -------

Net cash used in investing activities:
  Purchase of furniture, fixtures and equipment                 (165)      (165)
                                                             -------    -------

Cash flows from financing activities:
  Proceeds from issuance of convertible debentures              --        2,650
  Proceeds from draws under credit agreement                   2,000       --
  Proceeds from demand notes payable from stockholder            750        850
  Proceeds from issuance of term debt                             55       --
  Payments on term debt                                          (90)      --
  Repayments of notes payable to affiliates and
    stockholders                                                --         (170)
  Proceeds from issuance of common stock                         287       --
                                                                        -------
Net cash provided by financing activities                      3,002      3,330
                                                             -------    -------

Net increase (decrease) in cash and cash equivalents            (760)       559
Cash and cash equivalents, beginning of period                   981        500
                                                             -------    -------

Cash and cash equivalents, end of period                     $   221    $ 1,059
                                                             =======    =======
</TABLE>

           See accompanying Notes to Consolidated Financial Statements

                                        5
<PAGE>
               SPINTEK GAMING TECHNOLOGIES, INC. AND SUBSIDIARIES
<TABLE>
<CAPTION>
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (In thousands)
                                   (Unaudited)

                                                               Nine Months Ended
                                                                    March 31,
                                                                ----------------
                                                                 2000      1999
                                                                ------    ------
<S>                                                             <C>       <C>
Supplemental schedule of non-cash investing and
 financing activities:
    Conversion preference of preferred stock                    $  --     $(247)

     Issuance of common stock for debt                          $  --     $  26

     Issuance of common stock for accrued liability             $ 494     $  --

Supplemental disclosure of cash flow information:
    Cash paid for interest                                      $   8     $ 113

</TABLE>




           See accompanying Notes to Consolidated Financial Statements

                                        6
<PAGE>
               SPINTEK GAMING TECHNOLOGIES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE 1 - BASIS OF PRESENTATION

The  consolidated  financial  statements  include the accounts of Spintek Gaming
Technologies,  Inc. ("SGT") and its wholly owned subsidiary Spintek Gaming, Inc.
("Gaming"),   and  Gaming's  wholly  owned   subsidiary,   Spinteknology,   Inc.
("Spinteknology") (SGT, Gaming and Spinteknology are collectively referred to as
the "Company"). All significant intercompany transactions have been eliminated.

The consolidated balance sheet as of March 31, 2000 and the related consolidated
statements  of  operations  for the three months and nine months ended March 31,
2000 and 1999 and  consolidated  statements  of cash  flows for the nine  months
ended March 31, 2000 and 1999 are unaudited  but, in the opinion of  management,
reflect all adjustments  necessary for a fair  presentation of results for those
periods.  The results of operations  for an interim  period are not  necessarily
indicative  of the  results  for  the  full  year.  The  consolidated  financial
statements should be read in conjunction with the audited consolidated financial
statements  and notes thereto  contained in the Company's  annual report on Form
10-KSB for the year ended June 30, 1999.

The  accompanying   financial  statements  for  prior  periods  reflect  certain
reclassifications,  which  have no effect on net  losses or cash  flows in those
periods, to conform to classifications in the current period.

NOTE 2 - TERM DEBT

On August 31,  1999,  Malcolm C.  Davenport  V, a director  of the  Company  and
beneficial  holder of 46.5% of the  Company's  common  stock,  provided a letter
agreement to the Company (the "Line of Credit")  whereby Mr. Davenport agreed to
loan the Company up to $2.00  million over the next twelve  months.  The Line of
Credit is due on August 31,  2001,  bears  interest  at 10% per  annum,  and the
principal  and accrued  interest  is  convertible  into shares of the  Company's
common stock at the lesser of (i) $.17335 per share or (ii) the average  closing
price of the  Company's  common stock on the five  business  days  preceding the
conversion.  The Line of Credit is secured by a security interest and collateral
assignment of generally all  intellectual  property of the Company  (through its
wholly-owned  second-tier  subsidiary).  As of March 31,  2000,  the Company had
fully utilized this Line of Credit.

Mr. Davenport has also loaned the Company on open account an additional $750,000
as of March 31, 2000. Since March 31, 2000, Mr. Davenport has loaned the Company
on open  account an  additional  $600,000.  The terms of this  advance are under
negotiation with Mr.  Davenport but are anticipated to be substantially  similar
(though not identical) to the terms of the Line of Credit.

ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

Certain  information  included herein contains statements that may be considered
forward-looking  statements  within the meaning of Section 27A of the Securities
Act of 1933 and  Section 21E of the  Securities  Exchange  Act of 1934,  such as
terms expressing future  expectations,  enthusiasm about future  potential,  and
anticipated  growth  in  sales,  revenues  and  earnings.   All  forward-looking
statements,  although  made in good faith,  are subject to  important  risks and
uncertainties that could significantly  affect anticipated results in the future
and, accordingly, results may differ from those expressed in any forward-looking
statements made herein. Such statements are necessarily  speculative and factors
including,  but not limited to, unusual  production or supply problems,  unusual
risks  attending  foreign  transactions,  competitive  pressures,  unanticipated
problems in obtaining approvals and/or licenses from governmental authorities as
to  products  or the ability to sell  products  in any  jurisdiction,  a general
deterioration in domestic or global economic conditions,  and changes in federal
or state tax laws or laws permitting legalized gaming in any jurisdiction within
which gaming is currently  conducted or the  administration  of such laws, could
cause results to differ materially from those projected.

                                       7
<PAGE>
Material Changes in Results of Operations

Background Information

The Company's  business plan has been to develop and market  proprietary  gaming
and   non-gaming    technology,    patent   such   technology   nationally   and
internationally, and obtain all necessary governmental approvals and/or licenses
to sell products  developed  with this  exclusive  technology  domestically  and
internationally.  The Company has  focused  its  efforts on  AccuSystem(TM)  and
AccuHopper(TM),  a slot machine hopper weighing  system,  and certain  ancillary
products  specifically  for the gaming  industry.  The Company began to actively
market and sell its products in the second half of the Company's fiscal 1998.

Although  the  AccuSystem  is capable of operating  on a  stand-alone  real-time
basis, with the Nevada Gaming Authorities having approved the stand-alone system
to replace the second verifying  signature for slot machine fills,  many casinos
have  indicated  that they would prefer to have it interface with their existing
slot accounting  systems.  The Company has been diligently  working with various
developers  and vendors of slot  machine  accounting  systems on  interfaces  of
AccuSystem with their products.  A number of the primary vendors of slot machine
accounting systems have presented AccuSystem  interfaces in their show booths in
various trade shows. These interfaces,  along with AccuSystem,  must be reviewed
and approved on an individual casino or regional basis by the gaming authorities
in most jurisdictions to approve the one signature fill procedure.  Such reviews
(trials) are in process, or soon will be in process, in additional  locations in
Nevada as well as in Mississippi  and Atlantic  City, New Jersey.  Management is
optimistic about the results of these various field trials.

In  addition  to the added  controls,  which can reduce  the amount of  employee
theft,  it is  management's  belief  that use of the  AccuHopper,  whether  as a
stand-alone system or interfaced with a slot accounting system, should result in
increased customer  satisfaction through more efficient use of slot personnel as
well as increased revenues for the casino operator.  Customer satisfaction would
be positively impacted by two operational efficiencies that AccuHopper provides:
(a) having the AccuHopper system function as the second verifying "signature" on
slot machine fills,  thereby  allowing for one person fills; and (b) the ability
to pre-fill machines that have notified slot personnel through visual and system
alerts that a hopper has  reached a level  indicating  that a fill is  imminent.
Increased  revenues  for the casino  should  result from the  decrease in active
machine  down  time  due to the  ability  to  pre-fill  slot  machines  and  the
capability of  performing  one person fills,  together with  increased  customer
satisfaction in not having to wait prolonged  periods of time for a slot machine
fill. One person fill capability has been approved by the Nevada and Mississippi
gaming authorities  subject to their review and approval of the internal control
systems of each casino implementing this procedure.

Nine Months Ended March 31, 2000 and 1999

During the nine month  period  ended March 31,  2000,  sales were  approximately
$5.71  million,  net of sales returns and  allowances  of $164,000,  compared to
sales of $3.05  million for the nine  months  ended  March 31,  1999.  The gross
margin for the nine months ended March 31, 2000 was approximately 48.5% compared
to a gross margin of approximately 44.5% in the prior year period.

Selling,  general  and  administrative  expenses  increased  $1.27  million,  or
approximately  36.0%,  to $4.78 million for the nine months ended March 31, 2000
from $3.51  million in the same  period in the prior  year.  Payroll and payroll
related  expenses  were  approximately  $2.34  million for the nine month period
ended March 31, 2000, reflecting an increase of approximately  $583,000 over the
prior year  period.  This  increase in payroll and payroll  related  expense was
primarily  due to increased  staffing in the areas of sales,  customer  service,
engineering and administration.  The largest increase was in engineering,  which
increased from $269,000 to $495,000,  principally  due to costs  associated with
developing  product for  certain  slot  machines'  physical  configurations  not
previously encountered and modifications to existing product that will result in
installation and operational efficiencies.

                                       8

<PAGE>
Other  selling,  general and  administrative  expenses  increased  approximately
$623,000,  or 35.3%, during the nine month period ended March 31, 2000, to $2.38
million,  from $1.76  million in the nine months ended March 31, 1999.  This was
primarily due to increases of approximately $50,000 in the reserve for inventory
obsolescence,  $64,000 in the reserve for uncollectible receivables,  $55,000 in
the reserve for warranty  expenses,  $136,000 in utilities and facilities  rent,
and $73,000 in trade show  expense.  The  increase in the reserve for  inventory
obsolescence  expense was primarily due to  improvements  made to certain of the
Company's  weighing  mechanisms  which  impacted the  carrying  value of certain
inventory  items.  As of March  31,  2000,  the  reserve  for  obsolescence  was
$487,000,  reflecting  a net  increase of $47,000  during the nine month  period
ended March 31, 2000 after the write off of  $139,000  in  inventory  items that
were scrapped and which had been reserved for in previous periods.  The increase
in utilities and facilities rent was due to the additional costs associated with
the larger facility the Company moved into in November 1998 and the leasing of a
second  warehouse/production  facility  in  September  1999.  Other  general and
administrative expenses in the current year period are generally higher than the
prior year period due to increased staffing and sales activities.

Research and development  expenses increased  $20,000,  or 9.8%, to $224,000 for
the nine month period  ended March 31, 2000 when  compared to the same period in
the prior year.  Management  anticipates the research and  development  expenses
will  increase  in  future  periods  as  the  Company  continues  to  adapt  its
proprietary coin weighing technology into non-gaming  markets. In addition,  the
Company is committed to the  development of new products for both the non-gaming
and gaming  markets,  including  new games that  would work with  existing  slot
machine  protocols.  Research and development  expenses include those associated
with new  product  development.  Expenses  associated  with the  improvement  or
modification  of existing  products are classified as  engineering  expenses and
included in the selling, general and administrative expense category.

In the fourth quarter of fiscal 1999,  the Company  reported that the holders of
its  Convertible  Preferred  Stock and 6% Secured  Convertible  Notes elected to
convert such securities into the Company's Common Stock (the "Conversion"). As a
result, an anti-dilution  provision contained in the Company's 1996 Stock Option
Plan (the  "Plan")  was  activated  whereby the equity  position  held by option
holders  could not be diluted or enhanced by the issuance of or reduction in the
number of shares of common  stock  issued other than through the Plan subject to
certain  approvals by the Board of  Directors.  In addition,  the  anti-dilution
provision  required  the total  amount to be paid by a holder of a stock  option
previously  granted not be  increased  or decreased by a change in the number of
shares outstanding. As a result of these provisions,  outstanding options at the
time of the  Conversion  were  reissued at prices that were less than the market
price on the dates of the  Conversions.  Therefore,  the  Company is required to
report as a non-monetary  operating  expense the  difference  between the option
price and the market value of options to acquire the  Company's  Common Stock at
the time such options  vest.  During the nine month period ended March 31, 2000,
options  vested to acquire 2.14 million  shares of the  Company's  Common Stock,
resulting  in a  non-monetary  operating  expense of $341,000 for the nine month
period.  As of March 31, 2000,  there are potentially  3.78 million options that
were issued in the Conversion that will vest in future periods, the total number
of which may decrease as a result of employee  turnover.  As these options vest,
non-monetary expenses will be recorded in future periods based on the difference
between  the  option  price  and the  market  price  on the  vesting  date.  The
anti-dilution  provision has been deleted from the Plan with certain exceptions,
such as stock splits.

Interest  expense  decreased  $61,000,  or 26.6%, to $168,000 for the nine month
period  ended March 31, 2000 from  $229,000 in the same period in the prior year
as a result of the  conversion of the 6% Notes.  Depreciation  and  amortization
increased $19,000, or 21.1%, to $109,000 in the first nine months of the current
year from $90,000 in the nine month period ended March 31, 1999,  primarily  due
to depreciation  on leasehold  improvements,  furniture,  fixtures and equipment
purchases.

                                       9
<PAGE>
Three Months Ended March 31, 2000 and 1999

During the quarter ended March 31, 2000, sales were approximately $1.67 million,
compared to sales of $1.04 million for the three months ended March 31, 1999, an
increase of  $625,000,  or 60.0%.  The gross  margin for the three  months ended
March  31,  2000  was  approximately   45.2%  compared  to  a  gross  margin  of
approximately 45.1% in the prior year quarter

Selling,   general  and   administrative   expenses   increased   $467,000,   or
approximately  31.6%, to $1.94 million for the three months ended March 31, 2000
from $1.48  million in the same  period in the prior  year.  Payroll and payroll
related  expenses  were  approximately  $873,000 for the quarter ended March 31,
2000, reflecting an increase of approximately $157,000, or 21.9%, over the prior
year period. This increase in payroll and payroll related expenses was primarily
due to increased staffing in the areas of sales,  customer service,  engineering
and  administration.  The largest  increase was in engineering,  which increased
from $118,000 to $189,000 when  comparing the two fiscal  quarters,  principally
due to costs  associated  with  developing  product  for  certain  slot  machine
physical configurations not previously encountered and modifications to existing
product that will result in installation and operational efficiencies.

Other  selling,  general and  administrative  expenses  increased  approximately
$311,000, or 40.9%, during the three month period ended March 31, 2000, to $1.07
million,  from $761,000 in the quarter ended March 31, 1999.  This was primarily
due to increases of  approximately  $58,000 in  facilities  rent and  utilities,
$64,000 in the reserve for  uncollectible  receivables,  $55,000 in the warranty
reserve,  and $36,000 in advertising  and trade show  expenses.  The increase in
facilities  rent and utilities was due to the additional  costs  associated with
the larger facility the Company moved into in November 1998 and the leasing of a
second  warehouse/production  facility  in  September  1999.  Other  general and
administrative expenses in the current year period are generally higher than the
prior year period due to increased staffing and sales activities.

Research and  development  expenses were $74,000 for the quarter ended March 31,
2000  compared to $40,000 in the same  period in the prior year,  an increase of
85.0%.  Management  anticipates  the  research  and  development  expenses  will
increase in future periods as the Company endeavors to expand its product line.

Non-monetary  stock  option  compensation  expense,  as  described  above in the
comparison  of  operations  for the nine month  periods ended March 31, 2000 and
1999, was $77,000 for the quarter ended March 31, 2000.

Interest expense  decreased to $81,000 for the quarter ended March 31, 2000 from
$94,000 in the same  period in the prior year as a result of the  conversion  of
the 6% Notes.  Depreciation and  amortization  expense was over estimated in the
first two  quarters of fiscal  2000,  resulting  in a decrease to $19,000 in the
three  month  period  ended  March 31,  2000 from  $52,000  in the prior  year's
quarter.

Liquidity and Capital Resources

Sales during the nine month period ended March 31, 2000 were $5.71 million, with
a  net  loss  of  $2.81  million  after  deducting   non-monetary  stock  option
compensation  expense of $341,000 and depreciation  and amortization  expense of
$109,000. As of May 5, 2000, the Company's sales backlog was approximately $1.63
million.  In  addition,  (a) two  Atlantic  City  casinos  are in the process of
initiating one signature fill trials in accordance with  procedures  established
by the New Jersey Casino Control Commission that, if successful, would allow for
one signature fills in that jurisdiction; (b) a number of casinos in Nevada have
commenced,  or will soon  commence,  field trials  based on a limited  number of
machines in seeking the approval from the gaming  authorities  for one signature
fill capability; and (c) a number of Mississippi casinos are in the final stages
of achieving one signature fill capability.

                                       10
<PAGE>
The Company's current assets at March 31, 2000 totaled $3.97 million,  including
$221,000 in cash and cash equivalents, $1.19 million in net accounts receivable,
$85,000  in  deposits  on  pending  inventory  purchases,  and $2.29  million in
inventory. The Company's current liabilities were $2.60 million, including $1.30
million in accounts  payable,  $174,000  in accrued  interest  due  stockholder,
$90,000 in accounts  payable to stockholder,  $203,000 in the current portion of
long-term debt, $150,000 of which was in loans from stockholder, and $119,000 in
deposits from customers. Net cash used in operating activities was approximately
$3.60 million.  References to stockholder  herein refers to Malcolm C. Davenport
V, a director of the Company and beneficial holder of 48.5%the  Company's Common
Stock.

On August 31, 1999,  Mr.  Davenport  provided a letter  agreement to the Company
whereby Mr.  Davenport agreed to loan the Company up to $2.00 million during the
next twelve  months (the "Line of Credit").  The Line of Credit,  secured by the
intellectual  property of the Company, is due on August 31, 2001, bears interest
at 10% per annum,  and the principal and accrued  interest is  convertible  into
shares of the  Company's  common stock at the lesser of (i) $.17335 per share or
(ii)  the  average  closing  price  of the  Company's  common  stock on the five
business days  preceding the  conversion.  As of March 31, 2000, the Company had
fully utilized this Line of Credit.

During the nine months ended March 31, 2000,  Mr.  Davenport  loaned the Company
$750,000 on open  account.  Since March 31, 2000,  Mr.  Davenport has loaned the
Company an additional  $600,000 on open  account.  The terms of this advance are
under  negotiation  with Mr.  Davenport but are anticipated to be  substantially
similar (though not identical) to the terms of the Line of Credit.

Based on  projected  sales  activities,  and in  anticipation  of being  able to
increase the amount of credit available from Mr. Davenport,  management believes
that it will have sufficient capital to fund future operations. In addition, the
Company is pursuing other potential debt and/or equity  financing  arrangements.
No  assurance  can  be  given  that  the  Company  will  be  successful  in  its
negotiations  with Mr. Davenport or in its pursuit of raising  operating capital
through other debt or equity financing arrangements.


                                       11
<PAGE>
PART II.  OTHER INFORMATION

ITEM 1.  Legal Proceedings

         None

ITEM 2.  Changes in Securities

         None

ITEM 3.  Defaults upon Senior Securities

         None

ITEM 4.  Submission of Matters to a Vote of Security Holders

         None

ITEM 5.  Other Information

         None

ITEM 6. Exhibits and Reports on Form 8-K

       (a) Exhibits

         27.1            Financial Data Schedule.

       (b) Reports on Form 8-K

          None




                                       12
<PAGE>


                                   SIGNATURES

Pursuant to the requirements of Section 13 of the Securities and Exchange Act of
1934,  the  Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

                        SPINTEK GAMING TECHNOLOGIES, INC.


Date:  May 15, 2000                             By: /s/ GARY L. COULTER
                                                    --------------------
                                                    Gary L. Coulter
                                                    Chairman of the Board,
                                                    Chief Executive Officer

Date:  May 15, 2000                              By:/s/ GEORGE P. MILLER
                                                    --------------------
                                                    George P. Miller
                                                    Chief Financial Officer
                                                    (Principal Financial
                                                     and Accounting Officer)



                                       13

<PAGE>
                                EXHIBIT INDEX

Exhibit Index                    Description                            Page
-------------                    -----------                            ----
Number
------

27.1                     Financial Data Schedule                       E - 10