**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-QSB**

| [X]                | Quarterly                Report pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934 |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------|
|               |                                                                                                                                 |
|               | For                the quarterly period ended December 31, 2007                                                                      |
|               |                                                                                                                                 |
| [                ] | Transition                Report pursuant to 13 or 15(d) of the Securities Exchange Act of                1934                       |
|               |                                                                                                                                 |
|               | For                the transition period __________                 to __________                                          |
|               |                                                                                                                                 |
|               | Commission                File Number: 000-52575                                                                                     |

| Nevada                                                                                             | 20-8583866                                       |
|----------------------------------------------------------------------------------------------------|--------------------------------------------------|
| (State                or other jurisdiction of                incorporation or organization)  | (IRS                Employer Identification No.) |

| 106                Chelsea Parkway , Boothwyn, Pa 19061 |
|---------------------------------------------------------|
| (Address                of principal executive offices) |

|   | (610)                494 5534                                                                                    |   |
|--------|------------------------------------------------------------------------------------------------------------------|--------|
|   | (Issuer’s                telephone number)                                                                 |   |
|   |                                                                                                             |   |
|   | (Former                name, former address and former fiscal year, if changed since last                report) |   |

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|                                                      | TABLE                OF CONTENTS                                                                            |   Page |
|-----------------------------------------------------------|-------------------------------------------------------------------------------------------------------------|------------------|
|  PART                I - FINANCIAL INFORMATION  |
| Item                1.                                    | Financial                Statements                                                                         | 3                |
| Item                2.                                    | Managements’Discussion                and                Analysis or Plan of                Operation | 4                |
| Item                3A(T).                                | Controls                and                Procedures                                                       | 6                |
|  PART                II - OTHER INFORMATION     |
| Item                1.                                    | Legal                Proceedings                                                                            | 7                |
| Item                2.                                    | Unregistered                Sales of Equity                Securities and Use of Proceeds                   | 7                |
| Item                3.                                    | Defaults                Upon Senior                Securities                                               | 7                |
| Item                4.                                    | Submission                of Matters to a Vote                of Security Holders                           | 7                |
| Item                5.                                    | Other                Information                                                                            | 7                |
| Item                6.                                    | Exhibits                                                                                                    | 8                |

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Table      of      Contents

**PART      I - FINANCIAL INFORMATION**

**Item**

**1.**

**     Financial      Statements**

| Our                unaudited financial statements included in this Form 10-QSB are as                follows: |
|---------------------------------------------------------------------------------------------------------------|
|  F-1                                                                                                     |  Balance                Sheet as Balance Sheet as                of  December 31, 2007; |
|  F-2                                                                                                     |  Statements                of Operations for the                three months and nine months ended December 31, 2007 and period from                inception (March 1, 2007) through December 31, 2007; |
|  F-3                                                                                                     |  Statement                of Stockholders’ Equity                from inception (March 1, 2007) through December 31, 2007; |
|  F-4                                                                                                     |  Statements                of Cash Flows for the                nine  months ended Decemner 31, 2007 and period from inception                (March 1, 2007) through December 31, 2007; |
|  F-5                                                                                                     |  Notes                to FinaNotes to                Financial  Statements. |

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Table      of      Contents

|                                                                                                                                               |   | December                31,2007 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|--------|
|                                                                                                                                               |   | (Unaudited)                     |   |
| ASSETS                                                                                                                                             |   |                            |   |
|                                                                                                                                               |   |                            |   |
| CURRENT                ASSETS                                                                                                                      |   |                            |   |
| Cash                in bank                                                                                                                        |   | $                               | -      |   |
|                                                                                                                                               |   |                            |   |   |
| TOTAL                CURRENT ASSETS                                                                                                                |   |                            | -      |   |
|                                                                                                                                               |   |                            |   |   |
| TOTAL                ASSETS                                                                                                                        |   | $                               | -      |   |
|                                                                                                                                               |   |                            |   |   |
| LIABILITIES                & STOCKHOLDERS' EQUITY                                                                                              |   |                            |   |   |
|                                                                                                                                               |   |                            |   |   |
| CURRENT                LIABILITIES                                                                                                                 |   |                            |   |   |
| Accounts                payable                                                                                                                    |   | $                               | -      |   |
|                                                                                                                                               |   |                            |   |   |
| TOTAL                CURRENT LIABILITIES                                                                                                           |   |                            | -      |   |
|                                                                                                                                               |   |                            |   |   |
|                                                                                                                                               |   |                            |   |   |
| TOTAL                LIABILITIES                                                                                                                   |   |                            | -      |   |
|                                                                                                                                               |   |                            |   |   |
| STOCKHOLDERS'                EQUITY                                                                                                                |   |                            |   |   |
| Preferred                stock: $0.001 par value; 10,000,000 shares authorized, no shares                issued                and outstanding     |   |                            | -      |   |
| Common                stock: $0.001 par value; 90,000,000 shares authorized, 3,000,000                shares                issued and outstanding |   |                            | 3,000  |   |
| Additional                paid in capital                                                                                                          |   |                            | 2,750  |   |
| Accumulated                deficit                                                                                                                 |   |                            | (5,750 | ) |
|                                                                                                                                               |   |                            |   |   |
| TOTAL                STOCKHOLDERS' EQUITY                                                                                                          |   |                            | -      |   |
|                                                                                                                                               |   |                            |   |   |
| TOTAL                LIABILITIES & STOCKHOLDERS' EQUITY                                                                                        |   | $                               | -      |   |

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Table      of      Contents

|                                               |   |                For                the ThreeMonths                EndedDecember                31, 2007 |      |   |  For                the Nine Months Ended December 31, 2007 |   |      |                From                InceptionOn                March 1,2007                throughDecember                31,2007 |   |
|----------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------|-----------|--------|------------------------------------------------------------------|--------|-----------|---------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                               |   |                                                                                                        |      |   |                                                             |   |      |                                                                                                                                  |   |
| REVENUES                                           |   | $                                                                                                           | -         |   |                                                             | $      | -         |                                                                                                                                  |   | $ | - |   |
| COST                OF SALES                       |   |                                                                                                        | -         |   |                                                             |   | -         |                                                                                                                                  |   |   | - |   |
| GROSS                MARGIN                        |   |                                                                                                        | -         |   |                                                             |   | -         |                                                                                                                                  |   |   | - |   |
|                                               |   |                                                                                                        |      |   |                                                             |   |      |                                                                                                                                  |   |   |   |   |
| OPERATING                EXPENSES                  |   |                                                                                                        |      |   |                                                             |   |      |                                                                                                                                  |   |   |   |   |
|                                               |   |                                                                                                        |      |   |                                                             |   |      |                                                                                                                                  |   |   |   |   |
| General                and administrative          |   |                                                                                                        | -         |   |                                                             |   | 5,420     |                                                                                                                                  |   |   | 5,750 |   |
|                                               |   |                                                                                                        |      |   |                                                             |   |      |                                                                                                                                  |   |   |   |   |
| TOTAL                OPERATING EXPENSES            |   |                                                                                                        | -         |   |                                                             |   | 5,420     |                                                                                                                                  |   |   | 5,750 |   |
|                                               |   |                                                                                                        |      |   |                                                             |   |      |                                                                                                                                  |   |   |   |   |
| NET                LOSS                            |   | $                                                                                                           | -         |   |                                                             | $      | (5,420    | )                                                                                                                                     |   | $ | (5,750 | ) |
|                                               |   |                                                                                                        |      |   |                                                             |   |      |                                                                                                                                  |   |   |   |   |
| BASIC                LOSS PER SHARE                |   | $                                                                                                           | (0.00     | )      |                                                             | $      | (0.00     | )                                                                                                                                     |   | $ | (0.00 | ) |
|                                               |   |                                                                                                        |      |   |                                                             |   |      |                                                                                                                                  |   |   |   |   |
| Weighted                Average Shares Outstanding |   |                                                                                                        | 3,000,000 |   |                                                             |   | 3,000,000 |                                                                                                                                  |   |   | 3,000,000 |   |

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Table      of      Contents

|                                                                                               | Common                Stock |      | Additional                Paid |   | Accumulated               |   | TotalStockholders' |
|----------------------------------------------------------------------------------------------------|-----------------------------|-----------|--------------------------------|--------|---------------------------|--------|--------------------|
|                                                                                               | Shares                      |      | Amount                         |   | in                Capital |   | Deficit            |   | Equity |
| Balance                March 1, 2007                                                               |                        | -         |                           | $      | -                         |   | $                  | - |   | $ | - |   | $ | - |
|                                                                                               |                        |      |                           |   |                      |   |               |   |   |   |   |   |   |   |
| Shares                issued for cash at $0.001 per share                                          |                        | 3,000,000 |                           |   | 3,000                     |   |               | - |   |   | - |   |   | 3,000 |
|  Contributed                Capital                                                           |                        |      |                           |   |                      |   |               | 2,750  |   |   |   |   |   | 2,750  |
| Net                loss for the period March 1, 2007 to December 31,                2007 |                        | -         |                           |   | -                         |   |               | - |   |   | (5,750) |   |   | (5,750) |
|                                                                                               |                        |      |                           |   |                      |   |               |   |   |   |   |   |   |   |
| Balance                December 31, 2007                                                           |                        | 3,000,000 |                           | $      | 3,000                     |   | $                  | 2,750 |   | $ | (5,750) |   | $ | - |

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Table      of      Contents

|                                                                                                                |   | For                the NineMonths                EndedDecember                31,2007 |   |   | From                InceptionOn                March 1,2007                throughDecember                31,2007 |   |
|---------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------|--------|--------|-------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                |   |                                                                                  |   |   |                                                                                                              |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES                                                                 |   |                                                                                  |   |   |                                                                                                              |   |
|                                                                                                                |   |                                                                                  |   |   |                                                                                                              |   |
| Net                loss                                                                                             |   | $                                                                                     | (5,420 | )      |                                                                                                              | $      | (5,750 | ) |
|                                                                                                                |   |                                                                                  |   |   |                                                                                                              |   |   |   |
| Adjustments                to reconcile net loss to net cash used in operating                activities: |   |                                                                                  |   |   |                                                                                                              |   |   |   |
| Contributed                capital                                                                                  |   |                                                                                  | 2,750  |   |                                                                                                              |   | 2,750 |   |
| Changes                in operating assets and liabilities:                                                         |   |                                                                                  |   |   |                                                                                                              |   |   |   |
| (Increase)                decrease in prepaid expenses                                                              |   |                                                                                  | 2,500  |   |                                                                                                              |   | - |   |
| Increase                (decrease) in accounts payable                                                              |   |                                                                                  | -      |   |                                                                                                              |   | 0 |   |
|                                                                                                                |   |                                                                                  |   |   |                                                                                                              |   |   |   |
| NET                CASH USED IN OPERATING ACTIVITES                                                                 |   |                                                                                  | (170   | )      |                                                                                                              |   | (3,000 | ) |
|                                                                                                                |   |                                                                                  |   |   |                                                                                                              |   |   |   |
| CASH                FLOWS FROM INVESTING ACTIVITIES                                                                 |   |                                                                                  |   |   |                                                                                                              |   |   |   |
| Property                and equipment purchased                                                                     |   |                                                                                  | -      |   |                                                                                                              |   | - |   |
|                                                                                                                |   |                                                                                  |   |   |                                                                                                              |   |   |   |
| NET                CASH (USED) BY INVESTING ACTIVITIES                                                              |   |                                                                                  | -      |   |                                                                                                              |   | - |   |
|                                                                                                                |   |                                                                                  |   |   |                                                                                                              |   |   |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES                                                                 |   |                                                                                  |   |   |                                                                                                              |   |   |   |
| Proceeds                from common stock issued                                                                    |   |                                                                                  | -      |   |                                                                                                              |   | 3,000 |   |
| Increase                in advances from related parties                                                            |   |                                                                                  | -      |   |                                                                                                              |   | 0 |   |
|                                                                                                                |   |                                                                                  |   |   |                                                                                                              |   |   |   |
| NET                CASH PROVIDED BY FINANCING ACTIVITIES                                                            |   |                                                                                  | -      |   |                                                                                                              |   | 3,000 |   |
|                                                                                                                |   |                                                                                  |   |   |                                                                                                              |   |   |   |
| NET                DECREASE IN CASH                                                                                 |   |                                                                                  | (170   | )      |                                                                                                              |   | - |   |
|                                                                                                                |   |                                                                                  |   |   |                                                                                                              |   |   |   |
| CASH                - Beginning of period                                                                           |   |                                                                                  | 170    |   |                                                                                                              |   | - |   |
|                                                                                                                |   |                                                                                  |   |   |                                                                                                              |   |   |   |
| CASH                - End of period                                                                                 |   | $                                                                                     | -      |   |                                                                                                              | $      | - |   |
|                                                                                                                |   |                                                                                  |   |   |                                                                                                              |   |   |   |

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Table      of      Contents

**LIGTHNING        GAMING, INC.**

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Table      of      Contents

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

**Forward-Looking      Statements**

**Plan      of Operation**

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Table      of      Contents

**Results      of Operations for the three months ended December 31 , 2007 and period from      inception (March 1, 2007 ) through December 31 , 2007.**

**Liquidity      and Capital Resources**

**Off-      Balance Sheet Arrangements**

**Going      Concern**

**Subsequent      Event - Acquisition of Lightning Poker**

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Table      of      Contents

**Item      3A(T). Controls and Procedures**

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Table      of      Contents

**PART      II - OTHER INFORMATION**

**Item      1.     Legal Proceedings**

**Item      2.     Unregistered Sales of Equity      Securities and Use of Proceeds**

**Item      3.     Defaults upon Senior      Securities**

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

**Item      5.     Other Information**

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**Item      6.      Exhibits**

| **Exhibit                Number** | **Description                of Exhibit**                                                                                                                                                                                                              |
|-----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1*                              | Articles                of Incorporation  of the Company (see Exhibit 3.1 to Form                8-K  filed January 30, 2008, Commission File No.                000-52575)                                                   |
| 3.2*                              | By-Laws  of                the Company (see Exhibit 3.2 to Form 10-SB filed April 23,2007, Commission                File No. 000-52575)                                                                                                |
| 10.1*                             | Agreement                and Plan of Merger by and among the Company, LPI Acquisition Corp.                and                Lightning Poker (see Exhibit 10.1 to Form 8-K filed October 4, 2007,                Commission File No. 000-52575)  |
| 10.2*(A)                          | 2007                Equity Incentive Plan of the Company (see Exhibit A to Schedule 14C                filed                October 29, 2007, Commission File No. 000-52575)                                                                 |
| 31.1                              | Certification                of Principal Executive Officer pursuant to Exchange Act Rule                13a-14(a)                                                                                                                                |
| 31.2                              | Certification                of Principal Financial Officer pursuant to Exchange Act Rule                13a-14(a)                                                                                                                                |
| 32.1                         | Certification                of Principal Executive Officer and Principal Financial Officer pursuant                to                Exchange Act Rule 13a-14(b) and 18 U.S.C. 1350                                                              |

|  | * | These                documents are incorporated herein by reference as exhibits                hereto.  Following the description of each such exhibit is a                reference to the document as it appeared in a specified report previously                filed with the SEC, to which there have been no amendments or changes                unless otherwise indicated. |
|--|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (A) | Management                contract or compensatory plan or                arrangement. |
|--|-----|----------------------------------------------------------------------------------------|

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**SIGNATURES**

|   | **Lightning                Gaming, Inc.**                                                                                                                                        |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                             |
| Date:  | February  19,                2008                                                                                                                                      |
|   |                                                                                                                                                                             |
|   | By:      /s/                Brian HavesonBrian                HavesonPresident,                Chief Executive Officer and                Director |