Filed by Filing Services Canada Inc. 403-717-3898

(These interim financial statements have not been reviewed by the Company’s Auditor)


		March 31		December 31
		2004		2003
		(unaudited)		(audited)
ASSETS
Current

Cash & term deposits	$	26,017	$	-
Marketable securities		160,930		17,374
Accounts receivable		323,659		179,133
Prepaids & security deposits		14,450		85,041
		525,056		281,548

Due from related parties (note 8)		763,619		140,832
Property & equipment (note 6)		238,004		238,655

	$	1,526,679	$	661,035

LIABILITIES
Current
Bank indebtedness	$	-	$	3,300
Accounts payable & accrued liabilities		444,663		405,608
Due to related parties (note 8)		-		7,981
Obligation under capital lease (note 10)		19,389		19,389
		464,052		436,278
Obligation under capital lease (note 10)		17,632		20,303

		481,684		456,581

SHAREHOLDERS’ EQUITY (DEFICIENCY)

Capital stock (note 7)		15,419,044		14,113,569
Contributed Surplus (note 7c)		314,433		314,433
Deficit		(14,688,482)		(14,223,548)

		1,044,995		204,454

Total Stockholders’ Equity & Liabilities	$	1,526,679	$	661,035

	Three months ended
	March 31
		2004		2003
		(unaudited)		(unaudited)

Revenue	$	276,676	$	92,557
Interest		103		32
		276,779		92,589

Expenses
Advertising and promotion		98,246		54,791
Consulting fees		79,075		19,541
Amortization		22,113		14,876
Finance, interest and foreign exchange		21,579		77,534
Legal, accounting and audit		3,128		14,897
Management fees		45,000		45,000
Office and other		35,185		5,338
Regulatory and transfer agent fees		1,977		3,109
Rent		57,099		64,677
Salaries and benefits		308,999		227,772
Shareholder communication		384		-
Technical consulting		2,600		17,668
Telephone		6,768		8,775
Travel, meals and entertainment		53,005		58,587
		735,158		612,565

Loss before other items		(458,379)		(519,976)

Other items
Loss on marketable securities		6,555		-
Loss on dissolving of subsidiaries		-		1,396,192

Net loss for period		(464,934)		(1,916,168)

Deficit, beginning of period		(14,223,548)		(10,957322)

Deficit, end of period	$	(14,688,482)	$	(12,873,490)

Weighted average number of shares		55,689,799		38,103,486

Basic and fully diluted loss per common share	$	(0.01)	$	(0.05)

	Three months ended
	March 31

		2004		2003
		(unaudited)		(unaudited)

Cash provided by (used for)

Operations
Net loss	$	(464,934)	$	(1,916,168)
Items not affecting cash
Amortization		22,113		14,876
Foreign Exchange		-		75,282
		(442,821)		(1,826,010)

Changes in non-cash working capital:
Receivables		(144,526)		53,291
Prepaids		70,591		(6,086)
Receivable from related party		(622,787)		-
Payables and accruals		35,755		57,355
Payable to related parties		(7,981)		(49,553)
		(668,948)		55,007
		(1,111,769)		(1,771,003)

Financing
Issuance of common shares for cash		1,305,475		-
Capital subscriptions		-		180,000
Repayment of capital lease		(2,671)		-
Loans payable		-		164,805
		1,302,804		344,805

Investing
Equipment		(18,269)		(2,903)
Marketable securities		(146,749)		-
Loss on dissolving of subsidiaries		-		1,396,192
		(165,018)		1,393,289


Increase in cash and cash equivalents		26,017		(32,909)

Cash and cash equivalents, beginning of period		-		19,294

Cash and cash equivalents, end of period	$	26,017	$	(13,615)

These financial statements have been prepared on the basis of accounting principles applicable to a "going concern" basis, which assumes that the Company will continue to be in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of operations.

The Company was previously involved in the exploration of mineral properties. During 2003, the Company decided to write down its remaining mineral property to $0 (note 5) as it is no longer pursuing this activity.

The Company and its Antiguan subsidiary Action Poker Gaming Inc. (“Action”) are in the business of developing and marketing software for on-line multi-player interactive card games.

During 2002, Action moved its operations from its location in Antigua to the facilities of Mohawk Internet Technologies Inc. ("Mohawk") which acts as its hosting facility for its servers, located on the Kahnawake Mohawk Reserve ("Kahnawake") in Canada.

Kahnawake has reserve status in Canada, which has its own regulations and laws concerning interactive gaming. These regulations allow the Kahnawake Gaming Commission to issue a gaming licence to a third party authorizing the conduct of authorized games by means of a telecommunication device, including the Internet. The law in Kahnawake regarding on-line gaming has not yet been tested by Canadian legal authorities therefore the legality of this issue is inconclusive.

The Kahnawake Gaming Commission issued to Action, an interactive gaming license to operate and exploit an Internet gaming facility, to be located at Mohawk for the period commencing November 1, 2002 and ending October 31, 2004 (note 10(a)).

The gaming and entertainment operations are carried on by the Company's Antiguan subsidiary. Due to the nature of Internet gaming and payment by credit card the subsidiary cannot verify whether the customers are of a lawful age. The expected principal revenues of the Company's Antiguan subsidiary will be from collecting rakes, licensing fees and royalties. The subsidiary operates as an Internet host of card games and collects a fee as host (rake) and does not participate in the actual card games.

Although management believes that the conduct of Internet gaming related activities by its Antiguan subsidiary will represent a lawful business, there is the risk that the legality of the Internet gaming related activities may be challenged by Canadian or other legal authorities. If the legality of the Internet gaming related activities are challenged and the challenge is sustained, it may have a material adverse impact on the financial affairs of the Company.

The Company has incurred significant operating losses over the past three fiscal years and during the three month period ended March 31, 2004. In addition, the Company must raise significant capital to develop its business and to fund operation costs. It is not certain that the Company will be successful in its efforts to raise the required capital to continue its operations uninterruptedly. Management’s efforts are directed at reducing overhead costs, increasing revenues and pursuing opportunities of merit for the Company. It is the Company’s intention to pursue equity and debt financings in order to conduct its operations without interruption.

These financial statements do not reflect adjustments that would be necessary if the "going concern" assumption were not appropriate because management believes that the actions already taken or planned will mitigate the adverse conditions and events which raise doubts about the validity of the "going concern" assumption used in preparing these financial statements.

If the "going concern" assumption were not appropriate for these financial statements, then adjustments would be necessary in the carrying values of assets and liabilities, the reported revenues and expenses, and the balance sheet classifications used.

The financial statements have been prepared in accordance with accounting principles generally accepted in Canada and all amounts are expressed in Canadian dollars. These principles differ in certain respects from those that the Company would have followed had its financial statements been prepared in accordance with accounting principles generally accepted in the United States of America. These interim financial statements should be read in conjunction with the most recent audited annual financial statements. The significant accounting policies follow that of the most recently reported audited annual financial statements. In the opinion of the Company, its unaudited interim financial statements contain all of the adjustments necessary in order to present a fair statement of the results of the interim periods presented.

These consolidated financial statements include the accounts of Las Vegas From Home.com Entertainment Inc., and its wholly-owned subsidiary Action Poker Gaming Inc. The Company’s other subsidiaries; Touchdown Inc., Endzone Inc., G.T. Enterprises Inc., and Azat Investment LLC were dissolved in 2003. All inter-company balances and transactions have been eliminated.

Mineral properties are recorded at cost. The costs relating to a property abandoned were written off when the decision to abandon was made.

Amortization of property and equipment is calculated on the following bases and annual rates:

Software development costs are capitalized once technical feasibility has been established and a market has been identified. Such capitalized costs are amortized over the expected life of the product developed once it has been commercially released or pro-

rata based upon future revenue projection, whichever creates the greatest amortization expense.

Effective January 2002, the Company adopted the new C.I.C.A. Handbook recommendation in accounting for its employee stock option plans. Options granted to employees are accounted for using the intrinsic value method where compensation expense is recorded when options are granted at discounts to market. Options granted to non-employees are accounted for using the fair value method where compensation expense is calculated using the Black-Scholes options pricing model.

The Company recognizes revenues from licensees and customers on an accrual basis based on agreed terms of licences and contracts as the services are rendered. Revenues are earned from licensees based on rake splits established in licensee contracts and can vary depending on the licensee.

Allowances for non-collection of revenues are made when collectibility becomes uncertain.

The Company follows the liability method based on the accounting recommendations for income taxes issued by the Canadian Institute of Chartered Accountants. Under the liability method future income tax assets and liabilities are computed based on differences between the carrying amount of assets and liabilities on the balance sheet and their corresponding tax values, using the enacted income tax rates at each balance sheet date. Future income tax assets can also result by applying unused loss carry-forwards and other deductions. The valuation of any future income tax assets is reviewed annually and adjusted, if necessary, by use of a valuation allowance to reflect the estimated realizable amount.

Amounts recorded in foreign currency are translated into Canadian dollars as follows:

Current assets, current liabilities and long-term monetary assets and liabilities, at the rate of exchange in effect as at the balance sheet date;

Non-monetary assets and liabilities at the exchange rates prevailing at the time of the acquisition of the assets or assumption of the liabilities; and

Revenues and expenses, (excluding amortization which is translated at the same rate as the related asset), at the rates in effect at the time of the transaction.

Gains and losses arising from this translation of foreign currency are included in net income.

Net loss per share is calculated using the weighted average number of shares outstanding. The dilutive effect of options and warrants is not reflected in loss per share

for the three month periods ended March 31, 2004 and 2003, as the effect would be anti-dilutive.

The preparation of financial statements in conformity with Canadian generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and would impact future results of operations and cash flows.

The carrying value of cash and term deposits, accounts receivable, accounts payable and accrued liabilities, amounts due to and from related parties and obligation under capital lease approximate their fair value because of the short maturity of these financial instruments.

The Company is not exposed to significant interest rate risk due to the short-term maturity of its monetary current assets and liabilities.

The Company is exposed to credit risk with respect to its accounts receivable, however, this is minimized by the Company's large customer base. The Company monitors its exposure to credit risk for accounts receivable.

The Company translates the results of foreign operations into Canadian currency using approximately the average exchange rate for the year. The exchange rate may vary from time to time. This risk is minimized to the extent that all non-Canadian source revenues and expenses are in US dollars.

Marketable securities are valued at the lower of cost and market at the balance sheet date. The Company is exposed to market risk with respect to its investment in marketable securities.

During 1992, the Company purchased several mineral properties located in Pike County, Arkansas, USA. During 1999, the Company sold a portion of the mineral properties and wrote down the remaining mineral property to $1. During 2003, the Company wrote down the mineral property to $0.

				March 31 2004		December 31 2003
			Accumulated	Net		Net
		Cost	Amortization	Book Value		Book Value

Software and Software development cost	$	180,901	(81,405)	99,496	$	108,541
Computer equipment		149,673	(47,405)	102,268		90,936
Computer equipment under capital lease		46,902	(10,662)	36,240		39,178

	$	377,476	(139,472)	238,004	$	238,655

During 2001, the Company commenced developing its own multi-player interactive card games software. The amount of $180,901 has been capitalized under software and development costs. Amortization commenced in 2002 as the software was commercially released during the year. Amortization expense of $ 9,045 has been applied to the costs capitalized for the three month period ended March 31, 2004.

During the three month period ended March 31, 2004, the Company issued 417,500 common shares of the Company to directors, employees and a consultant as a result of the exercising of stock options at prices ranging from $0.11 to $0.22 per option for total proceeds to the Company of $80,475.

The Company entered into non-brokered private placement financing agreements with Lucky 1 Enterprises Inc., (“Lucky”), a related company. The Company has issued to Lucky 1,250,000 common shares of the Company at $0.32 per share for total proceeds to the Company of $400,000 and 2,750,000 common shares of the Company at $0.30 per share for total proceeds to the Company of $825,000.

The Company applies the Intrinsic Value Method in accounting for its stock options granted to employees, and accordingly in 2003, compensation expense of $143,128 was recognized as salaries expense. The Company applies the Fair Value Method in accounting for its stock options granted to consultants, and accordingly, compensation expense of $171,305 was recognized as consulting expense. The total amount in 2003 of $314,433 (2002: Nil) is reflected as contributed surplus on the consolidated balance sheets.

Had compensation expense for stock options granted to employees been determined under the Fair Value Method using the Black Scholes option – pricing model, the pro-forma effect on the Company’s net loss and per share amounts would have been as follows:

		December 31,	December 31
		2003	2002

Net loss, as reported	$	(1,794,751)	(1,742,362)
Recognized under intrinsic
value, as reported		143,128	-
Unrecognized fair value		(357,152)	(90,610)

Net loss, pro-forma	$	(2,008,775)	(1,832,972)

Net loss per share, as reported		$ (0.04)	$ (0.05)
Net loss per share, pro-forma		$ (0.05)	$ (0.05)

The fair value of each option grant is calculated using the following weighted average assumptions:
		December 31	December 31
		2003	2002

Expected life (years)		1	1
Interest rate		3.00%	2.75%
Volatility		188.13%	78.19%
Dividend yield		0.00%	0.00%

The following summarizes warrants that have been granted, exercised or have expired during the three month period ended March 31, 2004. All of the warrants have been issued in connection with the sale of common shares of the company, unless otherwise stated:

From time to time the Company grants stock options to employees, directors and consultants pursuant to the rules and regulations of the TSX Venture Exchange (“TSX”). During 2002, the Company adopted an incentive stock option plan (“the 2002 Plan”) under which the Company may issue 3,810,349 stock options to acquire common shares in the capital of the Company as an incentive to officers, directors, employees management company employees and consultants who can contribute to the success of the Company. In addition to the 2002 Plan, the Company’s shareholders adopted and approved the Company’s 2003 Stock Option Plan (the “2003 Plan”) under which the Company may reserve up to 10% of its issued and

outstanding share capital for issuance under the Company’s stock option plan on a “rolling” basis, meaning the 10% limit is calculated from time to time whenever an option is granted and is based on the number of the then issued and outstanding common shares. The 2003 Plan has received TSX approval. The following summarizes the employees’, directors’ and consultants’ stock options that have been granted, exercised, cancelled and expired during the three month period ended March 31, 2004:

Amounts payable to directors are for expenses incurred on behalf of the Company.


(b) Due from related parties
			March 31 2004		December 31 2003
	Lucky 1 Enterprises Inc.(held in trust)	$	602,388	$	140,832
	Two Directors		161,231		-

	Total due from related parties	$	763,619	$	140,832

As at March 31, 2004, an amount of $161,231 is receivable from two directors of the Company. This amount of $161,231 consists of loans made to two directors.

The company shares office premises and office expenses with Lucky 1 Enterprises Inc. (“Lucky”) a related company. Rent for the office premises is paid by the Company and Lucky is charged for its proportionate share. Lucky charges the Company for its proportionate share of payroll expenses and other office expenses.

Related party transactions during the three month periods ended March 31, 2004 and 2003:

(1) paid management fees to a company related by common management and directors $45,000 (2003:

(5) interest was charged for funds loaned to the Company by Lucky $191 (2003: $617), and;

(6) The Company entered into non-brokered private placement financing agreements with Lucky. The

Company has issued to Lucky 1,250,000 common shares of the Company at $0.32 per share for total

proceeds of $400,000 and 2,750,000 common shares of the Company at $0.30 per share for total

		December 31		December 31
		2003		2002
Future income tax assets

Non-capital loss carry-forwards for Canadian purposes	$	7,041,796	$	4,635,558
Excess of unamortized capital cost over net book value of fixed assets		61,661		52,805
Exploration expenditures for Canadian purposes
Unused cumulative Canadian exploration expenses		6,370		6,370
Unused cumulative foreign exploration and development expenses		262,527		262,527

		7,372,354		4,957,260

Tax rate - 38.00% (2002 - 39.62%)		2,801,495		1,964,066
Less: Valuation allowance		(2,801,495)		(1,964,066)

	$	-	$	-

The valuation allowance reflects the Company's estimate that the tax assets will likely not be realized and consequently have not been recorded in these financial statements.

For Canadian income tax purposes, the exploration and development expenses can be carried forward indefinitely.

The Company has net capital losses for income tax purposes of $905,088, which can be carried forward indefinitely.

The Company has available approximate non-capital losses which may be carried-forward to apply against future income for Canadian tax purposes. The losses expire as follows:

The benefit of these losses has not been recorded in these financial statements.

(a) Pursuant to agreements entered into with various parties, the Company's Antiguan subsidiary Action Poker Gaming Inc., (“Action”) is required to make the following payments:

monthly user fees of $10,000 US each month from May 1, 2003; to October 31, 2004;

Minimum monthly fee of $2,000 US for the credit card transactions, plus bank surcharges and other

35% of Action’s share of monthly net revenues, after deducting all server and bandwidth costs, all

transaction related costs and fees, and all chargebacks to an arm’s length on-line casino.

The Company has entered into an operating lease expiring in 2006 for office space. The minimum rental commitments under the operating lease are as follows:

The following is the schedule of future minimum lease payments under capital lease:

		Amount

2004	$		16,718
2005			19,389
2006	$		16,279

Total minimum lease payments	$		52,386
Less: Amount representing interest and executory costs			15,365

Present value of net minimum lease payments			37,021
Less: Current portion			19,389
Obligation under capital lease	$		17,632

The Obligation under capital lease has been personally guaranteed by the Company’s President, Jacob H. Kalpakian

A total of 263,250 stock options were exercised subsequent to the three month period ended March 31, 2004 at prices ranging from $0.11 to $0.22 per common share for total proceeds to the Company of $54,478.

A total of 125,000 stock options were granted subsequent to the three month period ended March 31, 2004 exercisable at a price of $0.21 per common share.

On April 1, 2004, the Company’s Antiguan subsidiary, Action, entered into a Purchase/Sale Agreement for the termination of the Net Revenue Sharing Agreement with Atlantis Casino On-Line N.V. (“Atlantis”) for a Purchase and Termination Price of U.S. $1,000,000.

I, Bedo H. Kalpakian, Chairman & C.F.O. of Las Vegas From Home.com Entertainment Inc., certify that:

1. I have reviewed the interim filings (as this term is defined in Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings) of Las Vegas From Home.com Entertainment Inc., (the issuer) for the interim period ending March 31, 2004;

2. Based on my knowledge, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings;

3. Based on my knowledge, the interim financial statements together with the other financial information included in the interim filings fairly present in all material respects the financial condition, results of operations and cash flows of the issuer, as of the date and for the periods presented in the interim filings;

4. The issuer's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures and internal control over financial reporting for the issuer, and we have:

designed such disclosure controls and procedures, or caused them to be designed under our supervision, to provide reasonable assurance that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which the interim filings are being prepared; and

designed such internal control over financial reporting, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer’s GAAP; and

5. I have caused the issuer to disclose in the interim MD&A any change in the issuer’s internal control over financial reporting that occurred during the issuer’s most recent interim period that has materially affected, or is reasonably likely to materially affect, the issuer’s internal control over financial reporting.

I, Jacob H. Kalpakian, President & C.E.O. of Las Vegas From Home.com Entertainment Inc., certify that:

	March 31, 2003			December 31, 2003

	Number of Shares	Amount	Number of Shares		Amount

Balance beginning of period	52,033,270	$14,113,569	38,103,486		$12,343,788

Exercise of stock options for cash	417,500	80,475	1,929,814		199,785
Private placement
proceeds	4,000,000	1,225,000	11,999,970		1,569,996

Balance end of period	56,450,770	$15,419,044	52,033,270		$14,113,569

	Number of Warrants	Exercise Price $

Balance beginning of period	1,688,000	0.70

Warrants exercised	-	-
Warrants issued	-	-
Warrants expired	(1,688,000)	0.70

Balance end of period	-	-

	Number of Shares	Exercise Price $

Balance beginning of period	2,938,349	0.11 to 0.36

Options granted	2,670,000	0.18 to 0.19
Options exercised	(417,500)	0.11 to 0.22
Options expired	(100,000)	0.11

Balance end of period	5,090,849	0.11 to 0.36


2004	$	119,552
2005		158,221
2006		708,311
2007		1,108,651
2008		1,049,307
2009		1,578,410
2010		2,319,074

	$	7,041,526


(a) Payable to related parties
			March 31 2004		December 31 2003

	Payable to Directors		-		7,981

	Total payable to related parties	$	-	$	7,981

Expiry Date	Amount

2004		$	34,475
2005			59,100
2006		$	14,775