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

                                  Form 10-QSB



(Mark One)
[X]
QUARTERLY REPORT UNDER SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934

               For the quarterly period ended: September 30, 2000

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

                         Commission file number 0-21991

                        ADVANCED GAMING TECHNOLOGY, INC.
       (Exact name of small business issuer as specified in its charter)

            Wyoming                                      98-0152226
  (State or other jurisdiction                        (IRS Employer
of incorporation or organization)                   Identification No.)

                      P O BOX 46855 LAS VEGAS, NEVADA 89114
                    (Address of principal executive offices)

                                 (702) 227-6578
                           Issuer's telephone number


               APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDING DURING THE PRECEDING FIVE YEARS

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


                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practical date: October 6, 2000 25,000,000

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

<PAGE>

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

The unaudited condensed  consolidated financial statements presented herein have
been prepared by the Company in accordance with the  instructions to Form 10-QSB
and do not  include  all of the  information  and note  disclosures  required by
generally accepted accounting principles. These condensed consolidated financial
statements  should  be read  in  conjunction  with  the  consolidated  financial
statements and notes thereto included in the Company's Form 10-KSB for the year
Ended December 31, 1999. The  accompanying  financial  statements  have not been
examined by  independent  accountants  in  accordance  with  generally  accepted
auditing standards,  but in the opinion of management such financial  statements
include  all  adjustments  (consisting  only of  normal  recurring  adjustments)
necessary  to present  fairly the  Company's  financial  position and results of
operations.  The  results  of  operations  for the three and nine  months  ended
September 30, 2000 may not be indicative of the results that may be expected for
the year ending December 31, 2000.




                                       2
<PAGE>
                        Advanced Gaming Technology, Inc.
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)


                                                      September 30, December 31,
                                                         2000           1999
                                                      -----------    ----------
ASSETS:
Current Assets
Cash and cash equivalents ..........................  $  264,996     $  440,561
Prepaid expenses ...................................       1,000          1,000
Inventory ..........................................      20,000         20,000
                                                      ----------     ----------
Total current assets ...............................     285,996        461,561


Property and Equipment, net ........................      94,740        141,740

Intangible and other assets ........................     156,333      1,906,333
                                                       ---------      ---------
Total assets .......................................  $  537,069     $2,509,634
                                                       =========     ==========


                                       3

<PAGE>

                        Advanced Gaming Technology, Inc.
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)


                                                      September 30, December 31,
                                                         2000           1999
                                                      -----------    ----------
LIABILITIES AND STOCKHOLDERS' DEFICIT:
Liabilities
Accounts payable and accrued liabilities ...........  $   240,441    $  140,510
Current portion of long term debt ..................      104,000       104,000
                                                      -----------    ----------
Total liabilities ..................................      344,441       244,510


Long term obligations, net of current portion ......      800,673     2,535,019
                                                      -----------    ----------

Total liabilities ..................................    1,145,114     2,779,529

Stockholders' Deficit:
Preferred Stock-10% cumulative, $.10 par value;
 authorized 4,000,000 shares; issued - nil .........         --            --
Common Stock - $.005 par value; authorized
 150,000,000 shares, issued and outstanding
 25,000,000 on September 30, 2000 and
 December 31, 19998, respectively ..................      125,000       125,000
Accumulated deficit ................................     (733,045)     (394,895)
                                                      -----------    ----------
Total stockholders' deficit ........................     (608,045)     (269,895)
                                                      -----------    ----------
Total liabilities and stockholders deficit .........  $   537,069    $2,509,634
                                                      ===========    ==========


                                       4
<PAGE>
                        Advanced Gaming Technology, Inc.
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)

                                  For the Three Months     For the Nine Months
                                   Ended September 30,     Ended September30,
                                    2000        1999        2000        1999
                                 ----------  ----------  ----------  ----------
Revenue .......................  $     --    $  612,536  $   15,163  $  787,538
Cost of revenue ...............        --          --          --          --
                                 ----------  ----------  ----------  ----------
Gross margin ..................        --       612,536      15,163     787,538

Expenses ......................      97,065     153,418     298,246     405,960
                                 ----------  ----------  ----------  ----------

Earnings (Loss) from
 operations ...................     (97,065)    459,118    (283,083)    381,578

Other income
 (expense), net ...............     (12,879)       --       (55,068)    (96,500)
                                 ----------  ----------  ----------  ----------
Earnings (Loss) before
 reorganization charges .......    (109,944)    459,118    (338,151)    285,078

Reorganization charges ........        --      (266,294)       --      (266,294)
                                 ----------  ----------  ----------  ----------

Net income (loss) .............    (109,944)    192,824    (338,151)     18,784
                                 ==========  ==========  ==========  ==========


Net income(loss)
 per common share .............  $     --    $     (.01) $     (.01) $     --
                                 ==========  ==========  ==========  ==========
Weighted average common
 shares outstanding              25,000,000  25,000,000  25,000,000  25,000,000


                                        5

<PAGE>
                        Advanced Gaming Technology, Inc.
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                          For the Nine Months
                                                          Ended September 30,
                                                            2000        1999
                                                         ----------  ----------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) .....................................  $ (338,151) $   18,784
Adjustments to Reconcile Net Loss to Net Cash
Provided by (Used in) Operating Activities:
Depreciation and amortization .........................      47,000     162,517
Reorganization charges ................................        --       266,294
Change in operating assets and liabilities:
Accounts receivable ...................................        --         6,607
Accounts payable and accrued liabilities ..............      99,931      25,195
                                                         ----------  ----------
Net cash provided by (used in)
 operating activities .................................    (191,220)    479,397
                                                         ----------  ----------
Cash Flows From Investing Activities:
Other assets ..........................................   1,750,000      75,796
Purchase of property and equipment ....................        --          --
                                                         ----------  ----------
Net Cash (Used in) provided by
 Investing Activities .................................   1,750,000      75,796
                                                         ----------  ----------
Cash Flows From Financing Activities:
Proceeds from issuance of common stock ................        --       150,000
Proceeds from debt and notes ..........................        --          --
Repayment of debt and notes ...........................  (1,734,345)       --
                                                         ----------  ----------
Net cash provided by (used in)
financing activities ..................................  (1,734,345)    150,000
                                                         ----------  ----------

Net change in cash and cash equivalents ...............    (175,565)    705,193
Cash and cash equivalents at
 beginning of period ..................................     440,561     109,824
                                                         ----------  ----------
Cash and cash equivalents at end of period ............  $  264,996  $  815,017
                                                         ==========  ==========
Supplemental Disclosure of Cash Flow Information:
Cash paid during the period for interest ..............  $   69,957  $     --

                                       6
<PAGE>
                        Advanced Gaming Technology, Inc.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
              FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999
                                   (Unaudited)

1.       Interim Reporting

The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance with generally  accepted  accounting  principles and Form
10-QSB requirements. 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 considered
necessary for a fair presentation have been included.  Operating results for the
Three and nine month  periods  ended  September  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  financial  statements  and
footnotes thereto included in the Company's annual report on Form 10-KSB for the
year ended December 31, 1999.

                                       7
<PAGE>

Item 2. Management's Discussion and Analysis

General -

This discussion should be read in conjunction with  Management's  Discussion and
Analysis of  Financial  Condition  and Results of  Operations  in the  Company's
annual report on Form 10-KSB for the year ended December 31, 1998. The Company's
shares of  capital  stock are  registered  under  Section  12 of the  Securities
Exchange Act of 1934. The Company became a reporting  issuer in March 1997. This
quarterly  report on Form 10-QSB and the  information  incorporated by reference
herein contain  forward-looking  statements within the meaning of Section 27A of
the  Securities  Act of 1933,  as amended,  and  Section  21E of the  Securities
Exchange Act of 1934, as amended.  Such statements include,  but are not limited
to,  projected sales,  gross margin and net income figures,  the availability of
capital   resources,   plans   concerning   products   and  market   acceptance.

Forward-looking  statements are inherently  subject to risks and  uncertainties,
many of which cannot be predicted  with  accuracy and some of which may not even
be anticipated. Future events and actual results, financial and otherwise, could
differ materially from those set forth in or contemplated by the forward-looking
statements  herein  and any  forward  looking  statements  should be  considered
accordingly.

In August of 1998 the company filed for  reorganization  under chapter 11 of the
U. S.  Bankruptcy  Code in the  District of Las Vegas The company  operated as a
debtor-in-possession  until  June 29,  1999 when its plan was  confirmed  by the
court. The plan became effective on August 19, 1999.

Under the terms of the  court-approved  plan the existing common stock interests
in Advanced Gaming technology,  Inc were cancelled. The company, as reorganized,
issued new common stock. The plan provided generally that unsecured creditors of
the company  holding  allowed claims receive 1.88 shares of new common stock for
each $1 of allowed claim.  Holders of common stock of the company received 7% of
the new common stock under the terms of the plan.

The company has adopted fresh-start accounting on the effective date of the plan
in accordance  with AICPA  Statement of Position  90-7 " Financial  reporting by
entities in  reorganization  under the  bankruptcy  code" (SOP 90-7).  The fresh
start  reporting is reflected in the  September  30, 1999  Consolidated  Balance
Sheet.

Liabilities  subject to compromise  immediately prior to the effective date were
discharged  on the  effective  date.  Depending  on the nature of the claim each
obligation was paid,  exchanged for stock,  discharged,  or carried forward as a
new liability under the terms of the plan.

                                       8
<PAGE>

Results of Operations -

2000 Compared to 1999

Net income for the nine months ended  September  30, 2000 was a loss of $338,151
compared to net income of $18,784 for the same period in 1999.  The 1999 results
reflected a one-time  settlement of a product  licensing  dispute  regarding the
company's electronic bingo products of $850,000.

The company is generating minimal revenue from operations.  Revenue for the nine
months  ended  September  30,  2000 was  $15,163  compared to $787,538 in 19998.
Again, the 1999 results reflect the settlement of the licensing dispute.

Leasing  of the  company's  electronic  bingo  products  has  been  hampered  by
competitive market forces and an aging product line. Management has made efforts
to  establish  a network of  distributors  to market,  service  and  support the
product. However, most distributors are aligned with other electronic providers.

The company is  considering  all options  related to the  electronic  equipment,
including sale of the products and related intellectual property.

The  company  is  developing  a new  bingo  product  using  current  technology.
Management expects to introduced this product during the fourth quarter of 2000.
The company is currently  negotiating  a beta site to test the product in a live
environment.  If the beta result is acceptable the product would be available to
for live installations during the fourth quarter of 2000.

During the first quarter of 2000 the company formed the Internet travel provider
TravelSwitch.com.  This venture  provides  room  reservations  for the Las Vegas
market from the Internet address  www.777LasVegas.com.  The venture also handles
all forms of retail travel through the dba's Imperial Travel,  PlayVegas.com and
Speedway Travel. The company holds a 22% interest in TravelSwitch.com.

This investment  diversifies  operations and gives the company a presence in the
booming Internet  commerce sector.  Although the company believes it is building
equity in this  venture,  it is not likely that  TravelSwitch  will provide cash
flow for some time.  Cash  excesses,  if any,  will  likely be utilized to build
additional market share. Management will continue to evaluate new investments as
opportunities arise.

Expenses for the first nine months of 2000 were $298,246 compared to $405,960 in
the prior year.  Operating  costs have been reduced to a minimum until cash flow
from revenue can be  generated.  Of the  expenses  through  September  30, 2000,
$131,250 represents unpaid payroll to management. Expenses for the third quarter
of 2000 were $97,065 compared to $153,418 in 1999.

                                        9
<PAGE>

Other  income  (expense)  consisted  of an expense of $55,068 for the first nine
months of 2000  compared  to an expense of  $96,500  in 1999.  Interest  expense
decreased in 2000 is due to the  reduction in  outstanding  debt during the past
year.

Liquidity and Capital Resources -

The  company's  debt  was  restructured  pursuant  to  the  reorganization  plan
completed in 1999. Long-term debt was reduced from over $10 million prior to the
reorganization to one note for approximately $900,000 at September 30, 2000. The
company  is  current  on debt  service  payments  for  this  note.  The  note is
convertible  in common  stock of the company at the option of the holder at rate
of $.53 per share.

Efforts to generate cash flow from the company's  electronic bingo products have
not  been  successful  due to  competitive  forces  and an aging  product  line.
Management  is  pursuing  all options  related to the  electronic  products  and
related  intellectual  property.  Development  of a new game  utilizing  current
technology  will be introduced in the fourth quarter of 2000. The net realizable
value of these  efforts may not be  sufficient  to produce a positive  cash flow
from operations.  Management will make every effort to reduce operating expenses
until a new source of revenue is determined.

Inflation and Regulation -

The Company's operations have not been, and in the near term are not expected to
be, materially  affected by inflation or changing prices. The Company encounters
competition  from a variety of firms  offering  similar  products  in its market
area. Many of these firms have long-standing customer relationships and are well
staffed and well financed. The Company believes that competition in the industry
is based on competitive pricing, although the ability,  reputation and technical
support of a concern is also significant.  The Company does not believe that any
recently enacted or presently pending proposed  legislation will have a material
adverse effect on its results of operations.

                                       10
<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

None.

                                       11
<PAGE>


                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.


                        ADVANCED GAMING TECHNOLOGY, INC.
                        --------------------------------
                                  (Registrant)


DATE: October 17, 2000                By: /s/ DANIEL H. SCOTT
                                           ------------------------------------
                                              Daniel H. Scott
                                              President, Chief Executive
                                              Officer and Director
                                              (Principal executive and
                                               accounting officer)



                                       12