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CASINO PLAYERS, INC.

SEC Form 10-Q filed 2010-07-30 for the period ending 2010-06-30


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PART I - FINANCIAL INFORMATION
Item 1. Financial Statements.
CASINO PLAYERS, INC.
BALANCE SHEETS
June 30, 2010 (Unaudited) and December 31, 2009
ASSETS
<table>
<s>								<c>		<c>
								2010		2009
								--------------- ---------------
								(Unaudited)
Current assets:
  Cash and cash equivalents					$4,862		$117
  Prepaid expenses						75,000		-
								--------------- ---------------
    Total current assets					79,862		117

Property and equipment, net of accumulated depreciation
 of $6,250 and $5,500, respectively				4,394		5,144
								--------------- ---------------
								$84,256		$5,261
								=============== ===============

                LIABILITIES AND STOCKHOLDERS&#39; EQUITY (DEFICIT)

Current liabilities:
  Accounts payable and accrued expenses				$59,251		$41,031
  Loans from shareholders					34,286		30,025
  Accrued compensation						388,400		399,900
								--------------- ---------------
    Total current liabilities					481,937		470,956
								--------------- ---------------
Stockholders&#39; equity (deficit)
  Preferred stock, $.0001 par value, 20,000,000 shares
   authorized and -0- shares outstanding			-		-
  Common stock, $.0001 par value, 200,000,000
   shares authorized, 31,705,200 and 30,456,700
   shares issued and outstanding, respectively			3,171		3,046
  Additional paid-in capital					606,202		379,202
  Accumulated deficit						(1,007,054)	(847,943)
								--------------- ---------------
    Total stockholders&#39; equity (deficit)			(397,681)	(465,695)
								--------------- ---------------

    Total liabilities and stockholders&#39; equity (deficit)	$84,256		$5,261
								=============== ===============
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CASINO PLAYERS, INC.
STATEMENTS OF OPERATIONS
For the Six and Three Months Ended June 30, 2010 and 2009
<table>
<s>						<c>		<c>		<c>		<c>
						Six Months Ended June 30,	Three Months Ended June 30,
						------------------------------- -------------------------------
						2010		2009		2010		2009
						--------------- --------------- --------------- ---------------
							(Unaudited)			(Unaudited)

Sales and commissions earned			$12,093		$3,956		$6,491		$2,649

Operating expenses				170,322		13,384		125,090		10,737
						--------------- --------------- --------------- ---------------
Income (loss) from operations			(158,229)	(9,428)		(118,599)	(8,088)

Other income (expense)
  Interest expense				(882)		(4,038)		(379)		(1,511)
						--------------- --------------- --------------- ---------------
Net (loss) before provision for income taxes	(159,111)	(13,466)	(118,978)	(9,599)

Provision for income taxes			-		-		-		-
						--------------- --------------- --------------- ---------------
Net (loss)					$(159,111)	$(13,466)	$(118,978)	$(9,599)
						=============== =============== =============== ===============
Basic and diluted loss per common share		$(0.01)		$-		$-		$-
						=============== =============== =============== ===============
Weighted average common shares outstanding	31,119,432	29,350,000	31,514,800	29,350,000
						=============== =============== =============== ===============
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Original filing from SEC EDGAR system.