Sehr geehrte Interessentin, sehr geehrter Interessent,
recht überraschend hat My Casino Ltd. bereits heute den Quartalsbericht zum 30.6.2000 an der ASX veröffentlicht. Im folgenden finden Sie den Text der beiden heutigen Announcements.
Interessant ist vorab die Angabe, daß die Kosten für Personal, Werbung und Marketing insgesamt für das Quartal 769.000,- AU$ betrugen.
Einen erklärenden Text senden wir Ihnen in Kürze nach.
Mit freundlichem Gruß
Miran Melansek jun.
------------------------------------------ My Casino Ltd. PR Repräsentanz Deutschland Bonvista GbR, Miran Melansek jun. Grünstrasse 11, D-38102 Braunschweig Telefon: ++49-(0)531-7071750 Telefax: ++49-(0)531-7071751 mailto:mm@mycasino.cc
-------------------- MY CASINO LIMITED Commitments Test Entity - Fourth Quarter Report Document date: Mon 31 Jul 2000 Released time: Mon 31 Jul 2000 16:38:34 Document No: 182105 Document part: A Market Flag: Y Classification: Commitments Test Entity - Fourth Quarter Report
-------------------------------------------------- MY CASINO LIMITED 2000-07-31 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ HIGHLIGHTS
MY CASINO ACQUISITION
The acquisition by My Casino Limited of the online gaming business was approved by shareholders at a meeting held on 28 March 2000 and settled with the vendors on 5 April 2000 by the issue of 40 million shares and 40 million options. In addition, a total of $7.6 million was raised in April 2000 pursuant to the company's prospectus, dated 23 March 2000.
Following the acquisition, the company's listed securities were re-instated for quotation on the Australian Stock Exchange (ASX), as My Casino Limited, on 17 April 2000.
Operationally the online gaming activities of My Casino got off to an excellent start in May and June resulting in a total gaming turnover of $58 million.
The company's initial marketing activities in South East Asia have resulted in player numbers and amounts wagered being well above initial budget projections.
MINERAL ASSET "SPIN-OFF"
At the end of the quarter the company was in the process of divesting its mineral interests by transferring them to Rox Limited, a new company wholly owned by My Casino. My Casino shareholders registered on 18 July 2000 became entitled to take a proportionate share of a $2 million capital raising being undertaken by Rox Limited and will recently have received a prospectus and entitlement notice. Details of these mineral interests and activities during the quarter, are set out in an attachment to this report.
CORPORATE
Capital receipts during the quarter (net of underwriting fees and related costs of $456,030) amounted to $10,118,211 and comprised:
* $7,600,000 from the issue of 38 million fully paid ordinary shares at an issue price of 20 cents each and 38 million attached options, each option exercisable at 20 cents prior to 31 March 2003. These securities were issued pursuant to the company's prospectus dated 23 March 2000.
* $2,626,541 from the exercise of 9,006,163 listed and 1,500,000 unlisted options which were exercisable at 25 cents each on expiry on 30 June 2000 and 31 May 2000 respectively.
* $347,700 from the exercise of 1,738,500 listed options which expire on 31 March 2003 and were exercised at 20 cents each.
During the quarter Mr David Benham and Mr Peter Baird resigned as directors of the company.
Exploration expenditure during the quarter was very minor after taking account of monies refunded from withdrawn licence applications and management fees and costs recovered from the Mulgarrie project where the company acts as manager but project expenditure is funded by the farminee party.
Costs associated with staff, advertising and marketing totalled $769,000 for the quarter.
At 30 June 2000 the group's uncleared credit card based deposits totalled $3,771,611. This amount has not been included in cash at the end of the period. Also, a security deposit of US$250,000 held by the groups bankers is not included in cash at 30 June 2000. The effect of the uncleared funds and the security deposit are shown on the accompanying statement of cash flows as part of the cash payments for "other working capital".
Consolidated cash funds increased during the quarter by $6,203,000 to $6,650,000 at 30 June 2000.
P R Baird COMPANY SECRETARY
MORE TO FOLLOW
-----------------------------
MY CASINO LIMITED Commitments Test Entity - Fourth Quarter Report Document date: Mon 31 Jul 2000 Released time: Mon 31 Jul 2000 16:35:27 Document No: 182105 Document part: B Market Flag: Y Classification: Commitments Test Entity - Fourth Quarter Report
-------------------------------------------------- MY CASINO LIMITED 2000-07-31 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ APPENDIX 4C QUARTERLY REPORT FOR ENTITIES ON BASIS OF COMMITMENTS
Name of entity My Casino Limited
ACN or ARBN Quarter ended ("current quarter") 009 423 189 30/06/2000
CONSOLIDATED STATEMENT OF CASH FLOWS
Cash flows related to Current Year to date operating activities Quarter (6 months) AUD'000 AUD'000
1.1 Receipts from customers 2,678 2,678 1.2 Payments for (a) staff costs (301) (301) (b) advertising & marketing (468) (468) (c) research & development - - (d) leased assets - - (e) other working capital (4,900) (5,113) 1.3 Dividends received - - 1.4 Interest and other items of a similar nature received 22 29 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Other - bond monies (436) (436)
1.8 Net Operating Cash Flows (3,405) (3,611)
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) - - (b) equity investments (174) (1,024) (c) intellectual property - - (d) physical non-current assets (118) (118) (e) other non-current assets (252) (354) 1.10 Proceeds from disposal of: (a) businesses - - (b) equity investments - - (c) intellectual property - - (d) physical non-current assets - - (e) other non-current assets - - 1.11 Loans to other entities - - 1.12 Loans repaid by other entities - - 1.13 Other - cash in subsidiaries acquired 34 34
Net investing cash flows (510) (1,462)
1.14 Total operating and investing cash flows (3,915) (5,073)
Cash flows related to financing activities 1.15 Proceeds from issues of shares, options, etc. 10,118 11,280 1.16 Proceeds from sale of forfeited shares - - 1.17 Proceeds from borrowings - - 1.18 Repayment of borrowings - - 1.19 Dividends paid - - 1.20 Other (provide details if material) - -
Net financing cash flows 10,118 11,280
Net increase (decrease) in cash held 6,203 6,207
1.21 Cash at beginning of quarter/ year to date 447 443
1.22 Exchange rate adjustments to item 1.20 - -
1.23 Cash at end of quarter 6,650 6,650
PAYMENTS TO DIRECTORS OF THE ENTITY AND ASSOCIATES OF THE DIRECTORS PAYMENTS TO RELATED ENTITIES AND ASSOCIATES OF THE RELATED ENTITIES
Current Quarter AUD'000
1.24 Aggregate amount of payments to the parties included in item 1.2 151
1.25 Aggregate amount of loans to the parties included in item 1.11 -
1.26 Explanation necessary for an understanding of the transactions
-
NON-CASH FINANCING AND INVESTING ACTIVITIES
2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
In April 2000 the company issued 40 million fully paid ordinary shares and 40 million options to the vendors of the online gaminig business known as "My Casino". Each option is exercisable at 40 cents and expires on 31 March 2003. The value attributed to the vendor securities is $1,600,000 and the securities are escrowed for 24 months.
2.2 Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest
-
FINANCING FACILITIES AVAILABLE Add notes as necessary for an understanding of the position.
Amount Amount available used AUD'000 AUD'000
3.1 Loan facilities - - 3.2 Credit standby arrangements - -
RECONCILIATION OF CASH
Reconciliation of cash at the end Current Previous of the quarter (as shown in the quarter quarter consolidated statement of cash flows) AUD'000 AUD'000 to the related items in the accounts is as follows.
4.1 Cash on hand and at bank 1,995 412 4.2 Deposits at call 4,620 - 4.3 Bank overdraft - - 4.4 Other - bonds 35 35
Total: cash at end of quarter (item 1.22) 6,650 447
ACQUISITIONS AND DISPOSALS OF BUSINESS ENTITIES
Acquisitions Disposals (item 1.9(a)) (Item 1.10(a))
5.1 Name of entity Refer - attachment "B" 5.2 Place of incorporation or registration Refer - attachment "B"
5.3 Consideration for acquisition or disposal Refer - attachment "B"
5.4 Total net assets Refer - attachment "B"
5.5 Nature of business Refer - attachment "B"
COMPLIANCE STATEMENT
1. This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Law or other standards acceptable to ASX.
2. This statement does give a true and fair view of the matters disclosed.
P R Baird COMPANY SECRETARY Date: 31/07/2000
------------------------------------------ My Casino Ltd. PR Repräsentanz Deutschland Bonvista GbR, Miran Melansek jun. Grünstrasse 11, D-38102 Braunschweig Telefon: ++49-(0)531-7071750 Telefax: ++49-(0)531-7071751 mailto:mm@mycasino.cc
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