SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  Form 10-QSB/A

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

For Quarter Ended December 31, 1999                 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. Employer Identification No.)
     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 $.001 par; 11,301,945 shares as of February 29, 2000


<PAGE>

                        OASIS RESORTS INTERNATIONAL INC.
                                      INDEX



                                                                            Page

                                     PART I


Item 1.    Financial Statements

           Consolidated Balance Sheet as of December 31, 1999 (unaudited).... 2

           Consolidated Statements of Operations for the Three and
             Six Months Ended December 31, 1999 and 1998 (unaudited)......... 3

           Consolidated Statements of Cash Flows for the Six Months Ended
             December 31, 1999 and 1998 (unaudited).......................... 4

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


Item 2.    Management's Discussion and Analysis of Financial
             Condition and Results of Operations............................. 6


                                     PART II

Item 1.    Legal Proceedings................................................. 8

Item 2.    Changes In Securities............................................. 8

Item 3.    Defaults Upon Senior Securities................................... 8

Item 4.    Submission Of Matters To A Vote Of Security Holders............... 8

Item 5.    Other Information................................................. 8

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

           Signatures........................................................ 9



                                        1
<PAGE>

                        OASIS RESORTS INTERNATIONAL, INC.
                        (Formerly Flexweight Corporation)
                           Consolidated Balance Sheet
                                December 31,1999
                                   (Unaudited)
<TABLE>
<CAPTION>
ASSETS
<S>                                                           <C>
Cash and cash equivalents                                     $      41,003
Accounts receivable, net                                            512,075
Inventory                                                           173,444
Marketable securities                                               345,000
Receivable from NuOasis                                             264,000
Other current assets                                                 84,729

   Total current assets                                           1,420,251

Property and equipment, net                                         251,945
Receivable from Lessor                                            1,383,858
Lease deposit                                                       687,000
Land held for development                                         3,700,000
Investment, at cost                                               2,000,000
Other                                                               598,389
   Total assets                                               $  10,041,443
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable                                              $   1,452,384
Due Lessor                                                        4,397,146
Accrued liabilities                                                 345,478
Current portion of notes payable                                    601,223
   Total current liabilities                                      6,796,231
Notes payable, net of current portion                             3,348,777
   Total liabilities                                             10,145,008
Commitments and contingencies
Stockholders' deficit:
Preferred stock, par value $0.001; 25,000,000 shares
    authorized, no shares issued and outstanding                          -
Common stock, par value $0.001; 75,000,000 shares
    authorized, 11,301,945 shares issued and outstanding             11,302
Additional paid-in capital                                       30,454,556
Accumulated deficit                                             (24,335,499)
Accumulated other comprehensive loss                               (233,924)
Notes receivable from Resorts                                    (6,000,000)
   Total stockholders' deficit                                     (103,565)
   Total liabilities and stockholders' deficit                $  10,041,443
</TABLE>

   See accompanying notes to these condensed consolidated financial statements


                                        2
<PAGE>

                        OASIS RESORTS INTERNATIONAL INC.
                        (Formerly Flexweight Corporation)
                       Condensed Statements of Operations
                       For the Three and Six Months Ended
                     December 31, 1999 and 1998 (Unaudited)

<TABLE>
<CAPTION>
                                          Three Months Ended         Six Months Ended,
                                              December 31,              December 31,
                                            1999       1998          1999           1998
<S>                                     <C>         <C>          <C>             <C>
Revenues                                $1,476,000  $  981,000   $ 3,484,000     $2,820,000
Cost of revenues                         1,309,000   1,294,000     3,037,000      2,920,600
Gross profit                               167,000    (313,000)      447,000       (100,600)
Selling, general and administrative
  expenses                                 281,000     166,000       606,000        513,400
Net loss                                $ (114,000) $ (479,000)  $  (159,000)    $ (614,000)
Basic and diluted net loss per common
  share                                 $     (.02) $     (.15)  $      (.03)    $     (.26)
Weighted average common shares
    included in basic and fully diluted
    shares outstanding                   7,336,450   3,190,705      5,263,577     2,377,077
</TABLE>














   See accompanying notes to these condensed consolidated financial statements


                                        3
<PAGE>

                        OASIS RESORTS INTERNATIONAL INC.
                             Condensed Consolidated
                            Statements of Cash Flows
                            for the Six Months Ended
                     December 31, 1999 and 1998 (Unaudited)


<TABLE>
<CAPTION>
                                                                         Six Months
                                                                      Ended December 31,
                                                                      1999          1998
<S>                                                               <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                                        $ (159,000)    $ (614,000)
  Adjustments to reconcile net loss to net cash
   provided (used) by operating activities:
   Depreciation and amortization                                       4,889              -
   Increases (decreases) in changes in assets and liabilities:
     Accounts receivable                                            (338,525)        23,070
     Inventory                                                        (3,318)        (3,756)
     Other assets                                                          -        (67,872)
     Accounts payable                                               (348,694)       145,717
     Accrued expenses                                               (166,047)      (382,646)
     Due Lessor                                                    1,000,000        783,940
Net cash provided by operating activities                            (10,695)      (115,547)
CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchases of equipment and furnishings                                   -       (124,000)
Net cash used by investing activities                                      -       (124,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
 Advances (repayments) from NuOasis                                        -        214,328
Net cash used by financing activities                                      -        214,328
Net increase (decrease) in cash                                      (10,695)    _  (25,219)
Cash and cash equivalents, beginning of period                        51,698        104,454
Cash and cash equivalents, end of period                          $   41,003     $   79,235
SUPPLEMENTAL DISCLOSURE OF CASH FLOW
INFORMATION
  Cash paid during the period for:
   Interest                                                       $        -     $        -
</TABLE>








   See accompanying notes to these condensed consolidated financial statements


                                        4
<PAGE>

Note 1 - Organization and History

Oasis Resorts International, Inc. (formerly Flexweight Corporation, a Kansas
Corporation) was originally incorporated under the name Flexweight Drill Pipe
Company in 1958. Oasis Resorts International Inc., herein referred to as "Oasis"
and its subsidiaries (collectively the "Company"), develop and operate resort
hotel and gaming operations, primarily in Tunisia, North Africa, and held
undeveloped land in Oasis, Nevada.

On May 1, 1998, Oasis, then Flexweight Corporation, merged with Oasis Resorts,
Hotel & Casino-III, Inc. ("Oasis III"), which held assets representing 20 acres
of partially-developed land in Oasis, Nevada. In connection with the merger,
Oasis issued 602,000 shares of common stock to the shareholders of Oasis III to
acquire 100% of the issued and outstanding common stock of Oasis III. In
addition, the Company issued the shareholders of Oasis III 200,000 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 held 149,916
shares of common stock and the shareholders of Oasis III held approximately 80%
of the issued and outstanding common stock of Oasis. Oasis III has title to 20
acres of commercial real estate located in Nevada which management intends to
develop into a gaming complex.

On October 19, 1998, the Company reincorporated in Nevada and changed its name
from Flexweight Corporation to Oasis Resorts International, Inc. to better
reflect its new corporate direction. The Company then entered into an exchange
agreement with NuOasis International, Inc. ("NuOasis"), a wholly-owned
subsidiary of NuOasis Resorts, Inc. ("Resorts") to acquire NuOasis's 75%
interest in Cleopatra Palace Resorts and Casinos Ltd. ("CPRC"). CPRC had
previously acquired all of the equity interest owned by NuOasis in Cleopatra Cap
Gammarth, Limited ("CCGL") which operates the casino Cleopatra Cap Gammarth, a
right to reacquire an interest in Cleopatra Hammamet Limited, which operates the
casino Cleopatra Hammamet Casino, and Cleopatra's World, Inc. ("CWI") which
operates the Le Palace Hotel & Resort at Cap Gammarth. All of the properties are
located in Tunisia. Cleopatra Palace Ltd. ("CPL") is a predecessor company to
CPRC, an entity controlled by NuOasis, which previously held the interests in
the Cleopatra Hammamet Casino and the Cleopatra Cap Gammarth Casino.

In connection with the acquisition of CPRC, the Company issued 1,363,450 shares
of common stock, common stock purchase warrants representing the right to
acquire 7,200,000 shares at $30.00 per share, and issued promissory notes with
an aggregate face value of $180 million to NuOasis in exchange for certain
assets in NuOasis. At the time of the transaction, Oasis had no ability to repay
the notes, and therefore, the notes had an estimated fair value substantially
less than the face value at the date of issuance. Based on the enterprise value
of Oasis at the date of the reverse acquisition of approximately $16.6 million,
the Company valued the debt at $7 million. On November 15, 1999, management of
Oasis agreed to extinguish this debt and cancel the 7,200,000 warrants for the
issuance of 8,111,240 shares of common stock, such that the NuOasis shareholders
control approximately 86% of the Company's issued and outstanding common stock.

Note 2 - Basis of Presentation and Principles of Accounting

Basis of Presentation

This acquisition of NuOasis interests by the Company on October 19, 1998 is
accounted for as a reverse acquisition, whereby NuOasis is the acquirer, since
the operations of NuOasis are more significant than Oasis and NuOasis acquired a
controlling interest in the Company on November 15, 1999. Accordingly, the
accompanying consolidated financial statements include the historical assets and
liabilities, and the historical operations of NuOasis interests acquired for all
periods presented.

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.



                                        5
<PAGE>

Going Concern Considerations

The Company has recurring losses from operations, and at December 31, 1999, the
Company has a working capital deficit of $5 million. The Company requires
approximately $5 million of immediate working capital to complete the final
phase of construction of the Le Palace Hotel & Resort and the Cleopatra Cap
Gammarth casino, as well as service certain past-due 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 project by the owner. The Company has
received a judgment totaling approximately $292 million against Societe
D'Animation et de Loisirs Touristique, a Tunisian corporation ("SALT"), the
ultimate collectibility of which is unknown. The Company is a defendant in a
matter initiated by the owners of the Le Palace Hotel & Resort for 1999 rents
unpaid by the Company. At December 31, 1999, the Company owed approximately $4.4
million under the lease agreement.

Consolidation

The accompanying consolidated financial statements include the accounts of the
Company and its controlled subsidiaries. All inter-company accounts have been
eliminated in consolidation. The accompanying consolidated balance sheet
excludes a minority interest for its 75% interest in CPRC, 80% interest in CWI,
and its 90% interest in CCGL since the entities have shareholder deficiencies.


Stock Splits

All per share amounts are reported, as adjusted, after the one for 100 reverse
stock split approved on April 8, 1998 and one for five reverse stock splits
approved on February 8, 2000.


Unaudited Interim Financial Statements

The interim financial data as of December 31, 1999, and for the three months and
six months ended December 31, 1999 and 1998, is unaudited; however, in the
opinion of management, the interim data includes all adjustments, consisting
only of normal recurring adjustments, necessary to present fairly and Company's
financial position as of December 31, 1999, and the results of its operations
and cash flows for the three months and six months ended December 31, 1999 and
1998.



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, 1999 were provided by utilizing the cash on hand at June 30, 1999 and from
the operations of the Le Palace Hotel & Casino. The Company has experienced
recurring net losses, has limited liquid resources, negative working capital.
Management's intent is to


                                        6
<PAGE>

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
it's common stock for future financial support to finance its needs during
fiscal 2000. 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, 1999 Compared to Quarter Ended December 31, 1998

     Revenues for the second quarter of fiscal 2000 were $1.5 million which was
$.5 million greater than the revenues of the fiscal 1999 second quarter. These
increase in revenues were entirely due to the operations of the Le Palace Hotel
Tunisia. Although revenues have increased, 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.

     Total cost of revenues were $1.3 million in the current quarter compared to
$1.3 million in the fiscal 1999 second quarter. Only minimal expenditures are
being made to operate the hotel. Selling, general and administrative costs
decreased $115,000.

                      Six Months Ended December 31, 1999
                Compared to Six Months Ended December 31, 1998

     Revenues for the first six months of fiscal 2000 were $3.5 million which is
$.6 million greater than the first six months of fiscal 1999. These revenues
were entirely due to the operations of the Le Palace Hotel Tunisia.

     Total cost of revenues were $3.0 million in the current six months compared
to $2.9 million in the first six months of fiscal 1999. The increase is due to
additional rent being accrued in the financial statements. Selling, general and
administrative costs increased $93,000.

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 collectibility 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 Cleoparta Cap Gammarth 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 Gammarth Casino.



                                        7
<PAGE>

     As of December 31, 1999, the Company had a working capital deficit of $3.4
million, which approximates the deficit at June 30, 1999. 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 $41,000 at December 31,
1999. 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, 1999, 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

     On November 15, 1999, Oasis canceled 7,200,000 warrants and issued
8,111,240 shares of common stock to NuOasis.


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:

               None


                                        8
<PAGE>

                                   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:   April 26, 2000        By:   /s/ Walter Sanders
                                         Walter Sanders
                                         President and Director



Dated:   April 26, 2000        By:   /s/ Jon L. Lawver
                                         Jon L. Lawver,
                                         Principal Accounting Officer & Director


                                        9