U.S. SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

(Check One): [ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
             [X] Form 10-Q and Form 10-QSB [ ] Form N-SAR

                    For Period  Ended:  June 30, 2001

                    [ ]  Transition Report on Form 10-K
                    [ ]  Transition Report on Form 20-F
                    [ ]  Transition  Report on Form 11-K
                    [ ]  Transition Report on Form  10-Q
                    [ ]  Transition  Report on Form N-SAR

                    For the Transition Period Ended:
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     NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS
VERIFIED ANY INFORMATION CONTAINED HEREIN.
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     If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:

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                        PART I - REGISTRANT INFORMATION

                               NUWAY ENERGY, INC.
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                            Full Name of Registrant

                          LATIN AMERICAN CASINOS, INC.
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                           Former Name if Applicable

                             2000 N.E. 164TH STREET
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                         Address of Principal Executive
                           Office (Street and Number)

                           NORTH MIAMI BEACH, FL 33162
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                            City, State and Zip Code

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                       PART II - RULES 12b-25(b) AND (c)
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     If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)

[X]  | (a) The reasons described in reasonable detail in Part III of this form
     |     could not be eliminated without unreasonable effort or expense.
     |
     |
[X]  | (b) The subject annual report, semi-annual report, transition report on
     |     Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be
     |     filed on or before the fifteenth calendar day following the
     |     prescribed due date; or the subject quarterly report or transition
     |     report on Form 10-Q, or portion thereof will be filed on or before
     |     the fifth calendar day following the prescribed due date; and
     |
[ ]  | (c) The  accountant's  statement  or  other  exhibit  required  by  Rule
     |     12b-25(c) has been attached if applicable.
     |
     |

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                              PART III - NARRATIVE
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     State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, Form 10-Q and Form 10-QSB, N-SAR, or the transition report or
portion thereof could not be filed within the prescribed period.
(Attach Extra Sheets if Needed)

     Delay in receiving certain financial data from the South American
subsidiaries prevent the accountants from concluding their review.

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                           PART IV - OTHER INFORMATION
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     (1) Name and telephone number of person to contact to this notification

                Jeffrey A. Felder                   305          945-9300
           ----------------------------------   ----------- ------------------
                    (Name)                      (Area Code) (Telephone Number)

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     (2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months (or for such shorter) period that the
registrant was required to file such reports) been filed? If answer is no,
identify report(s).

                                   [X] Yes [ ] No

     (3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?

                                   [ ] Yes [X] No

     If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.

     A loss in the current period is in contrast to prior year profit. Reason
for change is the effect of the operations in South America.

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                               NUWAY ENERGY, INC.
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                  (Name of Registrant as Specified in Charter)

     Has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

Date: August 14, 2001                       By: /s/ JEFFREY A. FELDER
      ---------------                          ---------------------------
                                            Name:   Jeffrey A. Felder
                                            Title:  President

     INSTRUCTION: The form may be signed by an executive officer of the
registrant or by any other duly authorized representative. The name and title of
the person signing the form shall be typed or printed beneath the signature. If
the statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.


                                    ATTENTION

     Intentional  misstatements or omissions of fact constitute federal criminal
violations (see 18 U.S.C. 1001).

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                              GENERAL INSTRUCTIONS

     1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General
Rules and Regulations under the Securities Exchange Act of 1934.

     2. One signed original and four conformed copies of this form and
amendments thereto must be completed and filed with the Securities and Exchange
Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the General
Rules and Regulations under the Act. The information contained in or filed with
the form will be made a matter of public record in the Commission files.

     3. A manually signed copy of the form and amendments thereto shall be filed
with each national securities exchange on which any class of securities of the
registrant is registered.

     4. Amendments to the notifications also be filed on form 12b-25 but need
not restate information that has been correctly furnished. The form shall be
clearly identified as an amended notification.


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