U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   Form 10-QSB

                             Quarterly Report Under
                       the Securities Exchange Act of 1934

                      For Quarter Ended: March 31, 2001

                         Commission File Number: 0-29987

                               UNITED TRADING.COM
        (Exact name of small business issuer as specified in its charter)

     Nevada                                 88-0106514
     ------                                 ----------
(State  or  other  jurisdiction  of           (IRS  Employer
incorporation  or  organization)          Identification  No.)


                          19762 MacArthur Blvd., # 300
                               Irvine, California
                    (Address of principal executive offices)

                                      92612
                                   (Zip Code)

                                 (949)  553-9660
                                 ---------------
                           (Issuer's Telephone Number)


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


Check  whether  the  issuer  (1)  filed  all  reports  required  to  be filed by
Section13  or  15(d)  of  the Securities 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  [  ].
    ---     ---

The  number  of shares of the registrant's only class of common stock issued and
outstanding,  as  of  September  30,  2000,  was  12,999,368  shares.

                                        1
<PAGE>

                                     PART I

ITEM  1.   FINANCIAL  STATEMENTS.

The  unaudited  financial  statements for the three month period ended March 31,
2001,  are  attached  hereto.

                                        2
<PAGE>

<TABLE>
<CAPTION>

                               UNITED TRADING.COM
                        (A Development Stage Enterprise)
                                  BALANCE SHEET
                                 March 31, 2001
                                   (Unaudited)

                            ASSETS
                            ------



<S>                                                   <C>
CURRENT ASSETS
   Cash. . . . . . . . . . . . . . . . . . . . . . .  $      749
   Current portion of contacts receivable (Note 2) .     280,000
                                                      -----------
Total Current Assets . . . . . . . . . . . . . . . .     280,749

OTHER ASSETS
   Contracts receivable.(Note 2) . . . . . . . . . .     210,000
   Premium Java site development costs
      (Net of amortization of $1,500) . . . . . . . .     13,500
   Software for Licensing  (net of
      amortization of $89,230) (Note 3). . . . . . .     557,387
                                                      -----------
                                                         780,887
                                                      -----------

      Total Assets . . . . . . . . . . . . . . . . .  $1,061,636
                                                      ===========


                 Liabilities and Shareholder Equity

CURRENT LIABILITIES
   Accounts payable. . . . . . . . . . . . . . . . .  $    3,272
                                                      -----------
      Total Current Liabilities. . . . . . . . . . .       3,272

OTHER LIABILITIES
   Advances/deposits . . . . . . . . . . . . . . . .      70,938
   Deferred income taxes (Note 4). . . . . . . . . .      16,000
                                                      -----------

                                                          86,938

STOCKHOLDERS' EQUITY
   Common Stock (50,000,000 shares authorized
     and 41,208,104 issued and outstanding). . . . .      41,208
   Additional Paid-in Capital. . . . . . . . . . . .   1,131,771
   Retained Deficit - accumulated during
      Development Stage. . . . . . . . . . . . . . .    (201,553)
                                                      -----------

   Total Stockholders' Equity. . . . . . . . . . . .     971,426
                                                      -----------

      Total Liabilities and
              Stockholders' Equity . . . . . . . . .  $1,061,636
                                                      ===========


See Accompanying Notes
</TABLE>

                                        3
<PAGE>


<TABLE>
<CAPTION>

                                        UNITED TRADING.COM
                                 (A Development Stage Enterprise)
                                      STATEMENT OF OPERATIONS
                                            (Unaudited)

                                                    For the          For the        For the Period
                                                Quarter Ended     Quarter Ended     Inception thru
                                                March 31, 2001    March 31, 2000    March 31, 2001
                                              ----------------  ----------------  ----------------
<S>                                           <C>               <C>               <C>
REVENUES

   Consulting fees . . . . . . . . . . . . .  $             -   $             -   $       544,894
   Sales . . . . . . . . . . . . . . . . . .                -                 -           770,000
   Interest income . . . . . . . . . . . . .                -                 -             3,764
                                              ----------------  ----------------  ----------------

      Total Revenues . . . . . . . . . . . .                0                 0         1,318,658

EXPENSES

   General and administrative. . . . . . . .           65,694            18,750         1,026,634

   Allowance for uncollectable debt. . . . .                0                 0           160,937

   Depreciation and amortization . . . . . .           32,396               674           132,112
                                              ----------------  ----------------  ----------------

      Total Expenses . . . . . . . . . . . .           98,090            19,424         1,319,683

   Income (Loss) from activities of
      NetBet, Inc. . . . . . . . . . . . . .                0                 0          (118,250)

   Loss on sale of NetBet stock. . . . . . .                0                 0           (66,278)
                                              ----------------  ----------------  ----------------

Net Pre-Tax Income (Loss). . . . . . . . . .          (98,090)          (19,424)         (185,553)

Net Pre-Tax Income (Loss) per
    Common Share, basic and diluted. . . . .          ($0.002)          ($0.003)          ($0.023)
                                              ================  ================  ================


   Income taxes (Note 4) . . . . . . . . . .  $        24,000                 0          ($16,000)
                                              ----------------  ----------------  ----------------

Net Income (Loss) After Taxes. . . . . . . .         ($74,090)         ($19,424)        ($201,553)
                                              ================  ================  ================


Net Income (Loss) per
    Common Share, basic and diluted. . . . .          ($0.002)          ($0.003)          ($0.025)
                                              ================  ================  ================


Weighted Average number of Common
   Shares outstanding, basic and diluted
   adjusted for 1/50 reverse split in 1999
      and 3/1 forward spit in October, 2000.       41,202,947         6,491,879         7,942,818
                                                  ===========       ===========       ===========

See Accompanying Notes

</TABLE>

                                        4
<PAGE>


<TABLE>
<CAPTION>

                                       UNITED CASINO CORPORATION
                                   (A Development Stage Enterprise)
                                        STATEMENT OF CASH FLOWS
                                              (Unaudited)


                                                       For the           For The        For the Period
                                                    Quarter Ended     Quarter Ended     Inception thru
<S>                                               <C>               <C>               <C>
                                                    March 31, 2001    March 31, 2000    March 31, 2001
                                                   --------------    --------------    --------------
OPERATING ACTIVITIES
----------------------------------
Net Income (Loss). . . . . . . . . . . . . . . .  $       (74,090)  $       (19,424)        ($201,553)
Adjustments to reconcile Net Loss to Cash
      provided (used) by operating activities:
   Depreciation and Amortization . . . . . . . .           32,396               674           108,567
   Loss on disposal of office Furniture & Equip.           10,258                 -            15,972
   Changes in operating assets and liabilities:
   Decrease (increase) in Deferred
      Offering Costs . . . . . . . . . . . . . .                -            15,550                 -
   Increase (decrease) in Accounts Payable . . .            3,271           (21,010)            3,271
   Increase (decrease) in Income Taxes Payable .                -                 -
   (Increase) decrease in Receivable from
      Software License Sales . . . . . . . . . .           50,000          (200,000)         (490,000)
   (Increase) decrease in Advance License Fees .          (20,362)                -            70,938
   (Increase) decrease in Other Receivables. . .                -           (15,674)                -
   (Increase) decrease in Deposits . . . . . . .           25,000                 -                 -
   Increase (decrease) in Deferred Taxes . . . .          (24,000)                -            16,000
                                                  ----------------  ----------------  ----------------

Net cash provided by Operating Activities. . . .            2,473          (239,884)         (476,805)

INVESTMENT ACTIVAITIES
--------------------------------------
   Decrease (increase) in Property and
      Equipment. . . . . . . . . . . . . . . . .                -              (800)          (36,318)
   Decrease (increase) in Software for
      License. . . . . . . . . . . . . . . . . .          (27,399)         (120,320)         (646,617)
  Decrease (increase) in Premium
      Java Site Development. . . . . . . . . . .                -                 -           (15,000)
  Decrease (increase) in  Organization Costs . .                -                 -            (1,190)
                                                  ----------------  ----------------  ----------------

Net cash (used) by Investment activities . . . .          (27,399)         (121,120)         (699,125)

FINANCING ACTIVITIES
---------------------------------
   Disposal of Office Furniture & Equip. . . . .            3,700                 -             3,700
   Increase (decrease) in Common Stock . . . . .                -           430,450         1,172,979
                                                  ----------------  ----------------  ----------------

Net cash provided by Financing Activities. . . .            3,700           430,450         1,176,679
                                                  ----------------  ----------------  ----------------

Increase (decrease) in Cash. . . . . . . . . . .          (21,226)           69,446               749

Cash at Beginning of Period. . . . . . . . . . .           21,975             3,458                 -
                                                  ----------------  ----------------  ----------------

Cash at End of Period. . . . . . . . . . . . . .  $           749   $        72,904   $           749
                                                  ================  ================  ================


See Accompany Notes

</TABLE>

                                        5
<PAGE>


                               UNITED TRADING.COM
                        (A Development Stage Enterprise)
                          NOTES TO FINANCIAL STATEMENTS
                                March 31, 2001


NOTE  1  -  Basis  of  Presentation
            ------------------------
The accompanying consolidated balance sheet of United Trading.Com (A Development
Stage  Company) at March 31, 2001, and the consolidated statements of operations
for  the  three  months  ended March 31, 2000 and 2001 and the cumulative period
during  the  development  stage  through  March  31,  2001  and the consolidated
statements  of cash flows for three months ended March 31, 2000 and 2001 and the
cumulate  period  during the development stage through March 31, 2001, have been
prepared  by the Company's management and they do not include all information of
the financial position, results of operations, and cash flows in conformity with
generally  accepted  accounting  principles.  In  the opinion of management, all
adjustments  considered  necessary  for  a  fair  presentation of the results of
operations  and  financial  position have been included and all such adjustments
are  a  normal recurring nature. The unaudited consolidated financial statements
should  be  read  in  conjunction  with  the  financial statements and footnotes
thereto  included  in  the Company's Form 10-KSB for the year ended December 31,
2000.

Operating results for the three months ended March 31, 2001, are not necessarily
indicative  of the results that can be expected for the year ending December 31,
2001.


NOTE  2  -  Contracts Receivable

The  Company  has 2 contacts each outstanding for the licensed use of its casino
and sports book software. The two Casino contacts call for quarterly payments of
$25,000  per  quarter  and  the  two  sports  book  contracts call for quarterly
payments  of  $10,000 per quarter. All four contacts are current as of March 31,
2001.

NOTE  3  -  Software for Licensing

Software  for  Licensing Expenditures of approximately $647,000 incurred for the
acquisition  of  and  development  of  computer  software for licensing to third
parties  has  been  capitalized  and will be amortized over a 5 year period from
July 12, 2000 following the first licensing of the software, which was effective
July  11,  2000.

NOTE  4  -  Income  Taxes

The  Company  utilizes  the  asset and liability method of accounting for income
taxes  as  set  forth  in FASB Statement No. 109, "Accounting for Income Taxes."
Under the asset and liability method, deferred taxes are determined based on the
difference  between  the  financial  statement  and  tax  basis  of  assets  and
liabilities  using  enacted  tax  rates  in  effect  in  the  years in which the
differences  are  expected  to  reverse.

                                        6
<PAGE>


ITEM  2.   MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR
             PLAN  OF  OPERATIONS

The  following  discussion  should  be  read  in  conjunction with the Financial
Statements  and  notes  thereto  included  herein.

In  the  fourth  quarter  of  2000,  two  contracts  each  were cancelled by the
licensees,  and no new contracts were entered during the quarter ended March 31,
2001.  The  existing  contracts  call  for payments totaling $700,000 over their
life.

The  Company  plans  to  continue  marketing  its Internet Casino and Spots-book
software  packages,  and  in  the  quarter  ended  March 31, 2001 introduced its
lottery  software  which was incorporated in the Company's Casino software at no
additional  charge  to  the license holders. As of March 31, 2001, no additional
purchasers  for  the Company's software have been identified, and the Company is
evaluating  other  alternatives  to  maximize  shareholder  value.

The  Company  does  not  plan to hire any full time employees during the next 12
months.  All  additional work is planned to be performed by outside consultants.

Forward  Looking  Statements

     In  connection with, and because it desires to take advantage of, the "safe
harbor"  provisions of the Private Securities Litigation Reform Act of 1995, the
Company  cautions  readers  regarding  certain forward looking statements in the
following  discussion  and  elsewhere  in this report and in any other statement
made  by, or on the behalf of the Company, whether or not in future filings with
the  Securities  and  Exchange  Commission.  Forward  looking  statements  are
statements  not  based  on  historical  information  and  which relate to future
operations,  strategies,  financial  results  or  other  developments.  Forward
looking statements are necessarily based upon estimates and assumptions that are
inherently  subject  to  significant  business,  economic  and  competitive
uncertainties  and contingencies, many of which are beyond the Company's control
and  many  of  which,  with respect to future business decisions, are subject to
change.  These  uncertainties  and  contingencies  can affect actual results and
could  cause  actual  results  to  differ materially from those expressed in any
forward  looking  statements made by, or on behalf of, the Company.  The Company
disclaims  any  obligation  to  update  forward  looking  statements.


                                        7
<PAGE>

                           PART II. OTHER INFORMATION

ITEM  1.   LEGAL  PROCEEDINGS  -  NONE

ITEM  2.   CHANGES  IN  SECURITIES

     a)  NONE

     b)  NONE

     c)  There  were  no  sales  of  securities  made by  the Company during the
     quarter  ended  March 31, 2001.

     d)   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  -  NONE

     (b)   Reports  on  Form  8-K:  -  NONE


     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.

                              UNITED  TRADING.COM


Date:  March 10,  2001    By:/S/Norman Wright
                                ----------------
                              Norman Wright, President

                                        8
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