[As adopted in Release No. 34-32231, April 28, 1993, 58 F.R. 26509]

                  U.S. 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:      June 30, 1997                

       [  ]   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.)

   2482 - 650 West Georgia Street, P.O. Box 11610, Vancouver, British Columbia 
V6B 4N9   
(Address of principal executive offices)               

 (604) 689-8841                                                      
Issuer's telephone number

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

     Check whether the issuer  (1) filed all reports required to be filed by 
Section  13  or  15(d) of the Exchange Act 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        


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     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:
    July 31, 1997     68,807,262  

     Transitional Small Business Disclosure Format (check one).
Yes      ;  No   x  


                     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, 1996.  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 six months ended June 30, 1997 may not be indicative of the results that 
may be expected for the year ending December 31, 1997.





















                       Advanced Gaming Technology, Inc.
                    CONDENSED CONSOLIDATED BALANCE SHEETS
                               (Unaudited)
                                                                                
                                                 June 30,        December 31,
ASSETS:                                            1997             1996  
Current Assets
  Cash and cash equivalents                     $   77,210      $     76,615
  Accounts receivable, net                         309,658            56,492
  Prepaid expenses                                 308,445           129,969
  Deferred charges                               1,152,431                 -
  Inventory                                        272,297            43,000
  Notes receivable                                  49,403           129,426
     Total current assets                        2,169,444           435,502

Notes Receivable                                 1,249,113         1,099,300

Property and Equipment                           2,918,877         2,553,293
  Less: accumulated depreciation                  (838,248)         (583,412)
                                                 2,080,629         1,969,881

Intangible and other assets                      5,782,846         5,940,882
     Total assets                             $ 11,282,032      $  9,445,565

LIABILITIES AND STOCKHOLDERS' DEFICIT:
Current liabilities
  Accounts payable and accrued liabilities    $   2,282,038     $  3,204,497
  Bank loan                                               -          354,100
  Convertible notes                               6,056,139        3,292,715
  Deferred revenue                                  390,000          765,380
  Current portion of long term debt               1,943,706        2,459,528
     Total current liabilities                   10,671,883       10,076,220

Long term obligations, net of current portion     1,987,268        2,531,220
     Total liabilities                           12,659,151       12,607,440

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
   62,714,009 in 1997 and 42,248,368 in 1996        313,570          211,242
  Additional paid-in capital                     24,899,940       20,000,471
  Accumulated deficit                           (26,590,629)     (23,373,588)
     Total stockholders' deficit                 (1,377,119)      (3,161,875)
     Total Liabilities and 
       Stockholders' Deficit                   $ 11,282,032     $  9,445,565

The accompanying notes are an integral part of the condensed consolidated 
financial statements.



                          Advanced Gaming Technology, Inc.
                  CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                 (Unaudited)




                                                                        For 
the Three Months         For the Six Months    
                                                                              
Ended June 30,                Ended June 30,       
                                                                            
1997            1996             1997             1996    

Revenues                        $ 212,836   $ 224,488   $ 723,202   $ 365,698
Cost of revenues                  133,740      54,317     240,474     142,595
Gross margin                       79,096     170,171     482,728     223,103

Expenses
 Research and development         314,642     556,089     528,883     720,526
 General and administrative     1,477,349     341,251   2,102,149     978,769
                                1,791,991     897,340   2,631,032   1,699,295

Loss from operations            1,712,895     727,169   2,148,304   1,476,192

Other income (expense),net       (770,439)   (267,412) (1,068,740)   (517,029)

Net Loss                       $2,483,334   $ 994,581  $3,217,044  $1,993,221
     
Net loss per common share      $     (.05)  $    (.03) $     (.06) $     (.06)

Weighted average common
  shares outstanding           50,777,724  33,763,982  50,777,724  33,763,982














The accompanying notes are an integral part of the condensed consolidated 
financial statements.



                       Advanced Gaming Technology, Inc.
              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                (Unaudited)
                                                                                
                                                     For the Six Months
                                                         Ended June 30,         
                                                    1997              1996     
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss                                       $  (3,217,044)     $(1,993,221)
Adjustments to Reconcile Net Loss to Net Cash
 Provided by (Used in) Operating Activities: 
     Depreciation and amortization                   475,225          260,246
     Deferred revenues                              (310,000)               -
     Issuance of common stock for expenses           526,808                -
     Change in operating assets and liabilities:
       Accounts receivable                          (253,166)          (7,720)
       Prepaid expenses                             (178,476)        (159,400)
       Deferred charges                           (1,152,431)               -
       Inventory                                    (229,297)         (21,409)
       Notes receivable                              (69,790)               -
       Accounts payable and accrued liabilities     (922,459)        (338,466)
Net cash used in operating activities             (5,330,630)      (2,259,970)

Cash Flows From Investing Activities:
Other assets                                         (60,000)               -
Purchase of property and equipment                  (365,584)      (1,260,552)
Acquisition of land                                        -          (11,425)
Deferred development costs                            (2,352)         (79,243)
Purchase of gaming equipment                               -         (813,579)
Net Cash Used In Investing Activities               (427,936)      (2,164,799)

Cash Flows From Financing Activities:
Proceeds from issuance of common stock             1,399,308        1,056,483
Proceeds from debt and notes                       7,009,490        5,057,162
Repayment of debt and notes                       (2,295,537)      (1,000,880)
Advances from joint venture partner                        -          290,000
Stockholder loans                                          -       (1,014,372)
Bank loan                                           (354,100)          35,764
Net cash provided by financing activities          5,759,161        4,424,157
Net change in cash and cash equivalents                  595             (612)
Cash and cash equivalents at beginning of period      76,615           17,739
Cash and cash equivalents at end of period     $      77,210     $     17,127

Supplemental Disclosure of Cash Flow Information:
  Cash paid during the period for interest     $     246,026     $    113,652
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Conversion of notes to common stock            $   2,157,500     $          -

The accompanying notes are an integral part of the condensed consolidated 
financial statements.


                     Advanced Gaming Technology, Inc.
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
            FOR THE SIX MONTHS ENDED JUNE 30, 1997 AND 1996
                            (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 six month periods ended June 30, 1997, are 
not necessarily indicative of the results that may be expected for the year 
ended December 31, 1997.  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, 1996.

2.Bank Loan

     The bank loan was repaid during the first quarter of 1997.  The Company 
has not attained any additional bank loans.

3.     Convertible Notes

     During the first quarter the Company arranged financing for a total of 
$2,137,500 in 12% subordinated convertible redeemable debentures.  
Additionally, $1,645,903 of certain debt and liabilities was settled by the 
issuance of 4,697,309 common shares.

     During the second quarter the Company arranged further financing for a 
total of $3,875,000 in 12% subordinated convertible redeemable debentures.  
Additionally, $2,108,750 of certain debt and liabilities were settled by the 
issuance of 5,170,639 common shares.

Item 2.  Management's Discussion and Analysis or Plan of Operation.

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, 
1996.

     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 July 1997, the Company introduced version 3.0 of its MAXLITE(TM) 
hand-held electronic bingo unit.  The updated software was tested and approved 
in Mississippi and is now being used in all new MAXLITE(TM) installations.  
Version 3.0 has been trouble free and has been well received by bingo halls 
and customers.  In keeping with the Company's commitment to be at the 
forefront of the electronic bingo, the Company will be upgrading all existing 
customers to version 3.0.

     Revenues generated from the Max Bingo Systems, whilst not meeting past 
expectations are continuing to grow.  Combined revenues from MAXPLUS(TM), 
MAXLITE(TM),  and TURBOMAX(TM) produced $90,000 in June, and $125,000 in 
July.  With confirmed additional orders awaiting installation, and after 
expiry of revenue free periods, the Company's base revenue will approximate 
$170,000 by September, and $200,000 for October 1997.

     The company has embarked on a new strategy that will focus on the Max 
Bingo Systems.  Based on a typical installation of 75 MAXLITE(TM) and 50 
MAXPLUS(TM) and  TURBOMAX(TM), the Company has targeted to complete six 
installations per month.  The Company is using average daily rates of $5.00 
per day for MAXLITE(TM),  and $8.00 per day for both the MAXPLUS(TM) and 
TURBOMAX(TM) to estimate revenue.  If the Company is successful in meeting the 
installation targets, the projected revenue for the month of December 1997, 
will be approximately $600,000, which will be sufficient to cover current 
monthly operating expenses.

     The Company will require funding of approximately $3.5 million to finance 
the capital costs of equipment for the projected installations.  Various 
alternatives are currently being examined to secure funding on a non-dilutive 
basis including leasing and floor financing.

     The following positive factors add credence to management's belief that 
this model can be achieved;

     *The MAXLITE(TM) software version 3.0 has remained trouble free since 
introduction in July, and is the only hand-held electronic bingo unit that 
meets all the licensing requirements for the state of Mississippi.

     *Recent acceptance of the Company's speed bingo game - TURBOMAX (TM) 
gives a competitive edge over our competitors, and can produce high margin net 
revenues.      
     *The Company is currently licensed for charity bingo in eleven states, 
and has applications pending in five additional states, two of which account 
for more than 25% of all bingo revenues in the United States.  The imminent 
approval in Texas will greatly enhance sales opportunities.

     During the second quarter the Company made the necessary arrangements to 
relocate the U.S. operations from Phoenix to Denver.  On August 11, 1997 the 
company opened its new 20,000 square foot warehouse facility.  This new 
facility will be the hub of all U.S. operations, including sales and 
marketing, distribution, training, support and research and development.  The 
Operations department is now fully staffed and trained to handle the projected 
new orders for the remainder of the year.  The Company will raise operational 
efficiencies as both the Operations and Sales departments are now based in 
Denver.

     The Company will have a major presence at the NIGA tradeshow in 
Minneapolis in the last week of August, where its new marketing and promotion 
campaign will be unveiled.  In addition, the Company will be demonstrating the 
leading edge technology of the company's Max Bingo System products.  The 
Company is expecting to generate a substantial number of new leads from this 
show.  The annual general meeting has been scheduled for September 17, 1997 in 
Vancouver, B.C., Canada.

Results of Operations -

1997 Compared to 1996

     The net loss from operations was $3,217,044 in 1997 compared to 
$1,993,221 in 1996.  Revenues from operations increased 198% from 1996.  The 
increase is primarily the result of $310,000 joint venture projects income and 
13% increase in product sales.

     Cost of sales as a percentage of product sales remained relatively 
constant at approximately 62% for the past two quarters compared to 
approximately 39% for the six months ending June 30, 1996.  The increase in 
cost of sales over the prior year is due primarily to the mix of products 
currently on lease.  The general and administrative expenses increased by 
approximately $1,120,000 due to the addition of sales, operational and 
administrative personnel in anticipation of increases in product sales.  
Research and development expenses decreased primarily as a result of the 
efforts of the Company with regards to the development of Sonic Bingo, and 
enhancements to PARTI-MAX being near completion.

Liquidity and Capital Resources -

     The Company requires working capital principally to fund its current 
operations, expand its operations and research.  From time to time in the past 
the Company has relied on short-term borrowing and the issuance of restricted 
common stock to fund its operations.  There are no formal commitments from 
banks or other lending sources for lines of credit or similar short-term 
borrowing, but the Company has been able to borrow any additional working 
capital that has been required.  It is anticipated that current operations 
will expand and the funds generated will exceed the Company's working capital 
requirements and that it will no longer seek funding to cover current 
operations.  However, expansion of current markets and the addition of new 
markets, most likely will require additional working capital.

The Company does intend to intensify its search for new products or 
technologies in development as well as those currently being marketed, 
including complete operating businesses.  In its acquisition program, the 
Company focuses on opportunities that have demonstrated long-term growth 
potential, strong marketing presence, and the basis for continuing 
profitability.  Where the Company believes it is warranted, it may commit its 
current liquid resources, leverage its current operations and assets through 
additional borrowings, dispose of one or more of its current activities, seek 
additional debt or equity financing, or enter into other transactions to fund 
a desired acquisition or expansion.
     The Company is exploring potential acquisitions, but has not to date 
reached any commitment, there can be no assurance that the Company will be 
able to identify an acquisition candidate that will meet its criteria, that 
the Company would be able to employ its existing resources advantageously to 
fund such an acquisition, that any required debt or equity financing could be 
obtained through alternative sources, or that any acquisition will in fact be 
completed.

     On August 7, 1997, the Company announced that it is conducting 
discussions with a representative of the purchasers of approximately 
$6,700,000 of convertible debentures recently issued by the Company.  In an 
effort to eliminate recent volatility in the activity of its common stock, the 
Company is negotiating a possible modification of the conversion rights of the 
debentures.  The discussions, if consummated, would give the Company the right 
to repurchase the debentures at 120% of their principal amount during a 
lock-up period of nine months, during which period the debentures would no 
longer be exercisable.  The Company also announced that, pending the 
consummation of such discussions or the resolution of questions relating to 
the issuance of the stock underlying the debentures, the Company would not 
issue any stock on exercise of the debentures.  The terms of the debentures 
permit conversions at any time at discounts from the Company's common stock 
trading bid prices over a prescribed time period preceding the conversion.  No 
assurance can be given as to whether such discussions will be consummated.

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.<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

     The Company filed two reports on Form 8-K during the three months ended 
June 30, 1997.

3.Item reported: Item 9 sales of equity securities pursuant to regulation S
     Date of report: June 19, 1997

4.Item reported: Item 9 sales of equity securities pursuant to regulation S
     Date of report: May 28, 1997



                               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:      August 14, 1997          By:   /s/ 
                                          Firoz Lakhani
                                          President, Chief Operating 
                                          Officer and Director

DATE:      August 14, 1997          By:   /s/                              
                                          Donald Robert Mackay
                                          Principal Financial and
                                          Accounting Officer