SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   Form 10-QSB

                   Quarterly Report Under Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

For Quarter Ended December 31, 1998                   Commission File No. 0-9476



                        OASIS RESORTS INTERNATIONAL INC.
             (Exact name of registrant as specified in its charter)

                Nevada                                48-0680109
  (State or other jurisdiction           (I.R.S. Emplyer Identification Number)
 of incorporation or organization)



3753 Howard Hughes Parkway, Suite 200, Las Vegas, Nevada              89103
   (Address of principal executive offices)                         (Zip Code)

                                 (702) 892-3742
              (Registrant's telephone number, including area code)



     Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for shorter period that the Company was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                                        Yes              No X


                      APPLICABLE ONLY TO CORPORATE ISSUERS:

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

        Common Stock $.01 par; 15,953,523 shares as of February 24, 2000

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                        OASIS RESORTS INTERNATIONAL INC.
                                      INDEX



                                                                            Page

                                     PART I


Item 1.    Financial Statements

           Consolidated Balance Sheet as of December 31, 1998 (unaudited)..... 2

           Consolidated Statements of Operations
             for the Three and Six Months Ended
              December 31, 1998 and 1997 (unaudited).........................  3

           Consolidated Statements of Cash Flows for the Six Months Ended
             December 31, 1998 (unaudited)...................................  4

           Notes to Consolidated Financial Statements .......................  5


Item 2.    Management's Discussion and Analysis of
             Financial Condition and Results of Operations....................10


                                     PART II

Item 1.    Legal Proceedings................................................. 13

Item 2.    Changes In Securities............................................. 13

Item 3.    Defaults Upon Senior Securities................................... 13

Item 4.    Submission Of Matters To A Vote Of Security Holders............... 13

Item 5.    Other Information................................................. 13

Item 6.    Exhibits And Reports On Form 8-K.................................. 13

           Signatures........................................................ 14


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                        OASIS RESORTS INTERNATIONAL, INC.
                        (Formerly Flexweight Corporation)
                           Consolidated Balance Sheet
                                   (Unaudited)


                                                                December 31,
ASSETS                                                              1998
Cash and cash equivalents                                     $     79,235
Accounts receivable, net                                           755,639
Inventory                                                          174,993
Marketable securities                                            1,102,000
Other current assets                                               118,887
   Total current assets                                          2,230,754

Property and equipment, net                                        510,565
Lease deposit                                                    1,000,000
Investment, at cost                                              2,000,000
Land held for development                                        3,700,000
Intangible assets, net                                           9,083,475
Other assets                                                       104,196
   Total assets                                                $18,628,990
LIABILITIES AND STOCKHOLDERS' DEFICIT
Accounts payable                                               $ 1,875,241
Accrued rental payments                                          3,961,791
Other accrued liabilities                                        2,722,739
Current portion of notes payable                                   550,000
   Total current liabilities                                     9,109,771
Long-term debt                                                   3,425,000
Total liabilities                                               12,534,771
Stockholders equity:
Common stock, par value $0.001; 75,000,000 shares
  authorized, 15,953,523 shares issued and outstanding              15,953
Additional paid-in-capital                                      19,822,136
Accumulated deficit                                             (8,057,970)
Unrealized loss on Marketable Securities                          (685,900)
Note receivable from controlling shareholder                    (5,000,000)
   Total stockholders equity                                     6,094,219
  Total liabilities and stockholders' equity                   $18,628,990


   See accompanying notes to these condensed consolidated financial statements

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                        OASIS RESORTS INTERNATIONAL INC.
                        (Formerly Flexweight Corporation)
                       Condensed Statements of Operations
                       For the Three and Six Months Ended
                     December 31, 1998 and 1997 (Unaudited)

<TABLE>
<CAPTION>
<S>                                      <C>                        <C>



                                               Three Months Ended       Six Months Ended,
                                                  December 31,             December 31,
                                              1998         1997        1998         1997
Revenues                                  $ 981,000   $   960,200    $2,820,000   $ 2,760,300
Cost of revenues                          1,494,000     2,363,000     3,120,600     4,935,700
Gross profit                               (513,000)   (1,402,800)     (300,600)   (2,175,400)
Selling, general and administrative
  expenses                                  166,000       211,800       513,400       655,100
   Total operating expenses                 166,000       211,800       513,400       655,100
Net loss                                  $(679,000)  $(1,614,600)   $ (814,000)  $(2,830,500)
Net loss per common share                 $    (.04)$        (.21)   $     (.07)  $      (.36)
Weighted average common shares
    included in basic and fully diluted
    shares outstanding                   15,953,523     7,817,248    12,385,385     7,817,248

</TABLE>



















   See accompanying notes to these condensed consolidated financial statements

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                        OASIS RESORTS INTERNATIONAL INC.
                             Condensed Consolidated
                            Statements of Cash Flows
                            for the Six Months Ended
                          December 31, 1998 (Unaudited)




CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                                      $ (814,000)
  Adjustments to reconcile net loss to net cash
   provided (used) by operating activities:
   Depreciation and amortization                                    66,648
   Increases (decreases) in changes in assets and liabilities:
     Accounts receivable                                          (136,355)
     Inventory                                                      (3,756)
     Other assets                                                  (16,911)
     Accounts payable                                               20,070
     Accrued expenses                                            2,576,033
     Due to affiliates                                          (1,517,000)
Net cash provided by operating activities                          174,729
CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchases of equipment and furnishings                          (199,948)
Net cash used by investing activities                             (199,948)
Net increase (decrease) in cash                                    (25,219)
Cash and cash equivalents, beginning of period                     104,454
Cash and cash equivalents, end of period                        $   79,235
SUPPLEMENTAL DISCLOSURE OF CASH FLOW
INFORMATION
  Cash paid during the period for:
   Interest                                                     $        -














   See accompanying notes to these condensed consolidated financial statements

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Note 1 - Organization and History

Oasis Resorts International, Inc. (formerly Flexweight Corporation, a
Kansas Corporation) herein referred to as "OASIS") and it's subsidiaries
(collectively the "Company") intend to develop and operate gaming operations
throughout the world. On May 1, 1998, OASIS, an inactive corporation registered
with the Securities and Exchange Commission (the "SEC"), merged with Oasis
Resorts, Hotel & Casino-III, Inc. ("ORHC"), which held assets representing 20
acres of partially-developed land in Oasis, Nevada.

In connection with the merger, OASIS issued 3,010,000 shares of common
stock to the shareholders of ORHC to acquire 100% of the issued and outstanding
common stock of ORHC. In addition, the Company issued the shareholders of ORHC
1,000,000 shares of Oasis common stock in connection with the real estate
agreement dated April 9, 1998. Upon the close of the merger, the shareholders of
OASIS retained 749,581 shares of common stock. Upon the close of the merger, the
shareholders of ORHC retained approximately 80% of the issued and outstanding
common stock of OASIS.

Effective October 19, 1998, the Company reincorporated in Nevada and
changed the name of the Company from Flexweight Corporation to Oasis Resorts
International, Inc. to better reflect its new corporate direction. In connection
therewith, the Company increased its authorized capital stock from 25,000,000
shares of $0.10 par value common stock to 75,000,000 shares of $0.001 par value
common stock and 25,000,000 shares of $0.001 par value preferred stock. Each
common share of the Company was exchanged for one (1) common share in the new
corporation.

On October 19, 1998, management of the Company formed Cleopatra Palace
Resorts and Casinos Ltd, a United Kingdom company, ("CPRC") and entered into an
exchange agreement with NuOasis International, Inc.("NuOasis"), a wholly owned
subsidiary of NuOasis Resorts, Inc ("Resorts"). CPRC acquired all of the equity
interest owned by NuOasis in Cleopatra Cap Gammarth, Limited (which operates the
casino Cleopatra Cap Gammarth) and Cleopatra's World, Inc. (which operates the
Le Palace Hotel & Resorts at Cap Gammarth). All of the properties are located in
Tunisia. In connection therewith, the Company issued 6,817,248 shares of common
stock and common stock purchase warrants representing the right to acquire
36,000,000 shares at $6.00 per share, and issued promissory notes with an
aggregate face value of $180 million to NuOasis in exchange for certain assets
in NuOasis.

Note 2 - Basis of Presentation and Principles of Accounting

Basis of Presentation

This acquisition of NuOasis interests by the Company is accounted for as a
reverse acquisition since the operations of NuOasis are more significant,
NuOasis directors control the board of directors of the Company, and NuOasis has
an option to acquire a controlling interest in the Company. Accordingly, the
accompanying consolidated financial statements are presented as if the assets,
and related operations of Resorts and NuOasis, were acquired at the beginning of
the reporting period.

The assets of Oasis are deemed to have been acquired in the reverse
acquisition. Accordingly, the assets and liabilities are recorded at fair value
at the date of acquisition.

Going Concern Considerations

Since inception, the Company has been in the development stage with no
revenues from it's intended operations which are the construction and operation
of gaming facilities. Through the reverse acquisition of NuOasis,the Company has
increased capital requirements which have caused significant delays in the
execution of the Company's operating plan. The Company lacks the financing to
continue the development of it's gaming facilities domestically and
internationally. These factors raise substantial doubt about the Company's
ability to continue as a going concern.

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Management's plans with respect to these matters include obtaining sources
of capital which may be acceptable to the Company. Management believes that the
Company's capital requirements are in excess of $100 million. There are no
assurances that such financing will be consummated on terms favorable to the
Company. The successful consummation of adequate financing, and ultimately, the
achievement of operating revenues sufficient to meet the Company's cost
structure is management's primary objective. There are no assurances that
adequate financing at terms satisfactory to the Company will be obtained, and if
obtained, there are no assurances that the Company will achieve profitability.
No adjustments have been made to the carrying value of assets or liabilities as
a result of this uncertainty.

Consolidation

The accompanying consolidated financial statements include the accounts of
the Company and its majority-owned subsidiaries. All inter-company accounts have
been eliminated in consolidation.

Fiscal Year End

As a result of the reverse acquisition the Company has elected a June 30
year end.

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

Presentation

The historical financial information presented has been adjusted to give
effect to the reverse merger as described in Note 1 to the financial statements.

Going Concern

The Company's working capital resources during the period ended December
31, 1998 were provided by utilizing the cash on hand at June 30, 1997 and from
the operations of the Le Palace Hotel. The Company has experienced recurring net
losses, has limited liquid resources, negative working capital. Management's
intent is to continue searching for additional sources of capital and, in the
case of NuOasis International, new casino gaming and hotel management
opportunities. In the interim, the Company intends to continue operating with
minimal overhead and key administrative functions provided by consultants who
are compensated in the form of the Company's common stock. It is estimated,
based upon its historical operating expenses and current obligations, that the
Company may need to utilize its common stock for future financial support to
finance its needs during fiscal 1999. Accordingly, the accompanying consolidated
financial statements have been presented under the assumption the Company will
continue as a going concern.

Results of Operations -
   Quarter Ended December 31, 1998 Compared to Quarter Ended December 31, 1997

Revenues for the second quarter of fiscal 1999 were $.9 million which
approximated the revenues of the fiscal 1998 first quarter. These revenues were
entirely due to the operations of the Le Palace Hotel Tunisia. To date, the
hotel has not been able to realize its potential due the failure of the
developer to complete certain amenities at the hotel, the Cap Gammarth Casino
and the surrounding properties associated with the complex.


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Total cost of revenues were $1.5 million in the current quarter compared to
$2.4 million in the fiscal 1998 quarter. The decrease is due to a reduction in
the anticipated levels of operation due to the developer not completing the
adjoining properties in the Cap Gammath complex. Selling, general and
administrative costs decreased $45,000 for the same reasons.

Liquidity and Capital Resources

The Company has recurring losses from operations and requires approximately
$5 million of immediate working capital to complete the final phase of
construction of the Le Palace Hotel and Resort and the Cleopatra Cap Gammath
Casino and service certain trade creditors. The Company will require additional
capital to meet obligations of the hotel and casino as they become due during
the next 12 months. The Company is currently a plaintiff in litigation with the
owners of the Cleopatra Cap Gammarth casino due to delays in the completion of
the projects by the owner. The Company has received a judgment totaling
approximately $300 million, the ultimate collectability of which is unknown. The
Company is a defendant in a matter initiated by the owners of the Le Palace
Hotel and Resort for rents unpaid by the Company. The Company also requires
approximately $70 million to continue the development of it's gaming facility in
Oasis, Nevada, and may be subject to foreclosure proceedings in the event the
Company is unable to raise the financing necessary to complete the project.
These factors raise substantial doubt about the Company's ability to continue as
a going concern. Management's plans with respect to these matters include
obtaining sources of capital to complete the projects, pay its trade creditors
and its past-due rents. Meanwhile, the Company will attempt to perfect its
judgment against the landlords of the Cleopatra Cap Gammath Casino. There are no
assurances that such financing will be consummated on terms favorable to the
Company, if at all, nor that the Company will be successful in collecting on its
judgment against the owners of the Cleopatra Cap Gammath Casino.

As of December 31, 1998, the Company had a working capital deficit of $6
million, which is $8 million less than the deficit at June 30, 1998, due to the
restructuring than took place July 1, 1998. The Company has currently been
accruing the rent due on the Le Palace Hotel and the resulting cash from
operations has been funding its cash needs.

The Company had a cash balance of approximately $79,000 at December 31,
1998. The limited cash balance is a direct result of the Company having limited
operations during the quarters.

The Company has no commitments for capital expenditures or additional
equity or debt financing and no assurances can be made that its working capital
needs can be met.

Additionally, as of December 31, 1998, the Company had no employees other
than its President. The Le Palace Hotel had approximately 175 employees.

PART II:      OTHER INFORMATION

Item 1.   Legal Proceedings

          The Company knows of no significant changes in the status of the
          pending litigation or claims against the Company as described in Form
          10-KSB for the Company's fiscal year ended June 30, 1998.

Item 2.   Changes In Securities

          None




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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:
              Exhibit Number               Description of Exhibit

              27                           Financial Data Schedule

         (b)  Reports on Form 8-K:

              On October 26, 1998, the Company filed a report on Form 8-K to
              report the reverse acquisition  as described in Note 1 to the
              financial statements and the reincorporation of the Company in
              Nevada.

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                                   SIGNATURES



     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                     OASIS RESORTS INTERNATIONAL INC.
                                     (formerly, Flexweight Corporation)


Dated:   February 24, 2000           By:       /s/ Walter Sanders
                                     Mr. Walter Sanders, President and Director



Dated:  February 24, 2000            By:        /s/      Charles Longson
                                     Mr. Charles Longson, Director

                                                    [ORI\98\10-QSB:123198-1.QSB]

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