NORAM GAMING & ENTERTAINMENT INC
10QSB/A, 1996-06-26
MISCELLANEOUS AMUSEMENT & RECREATION
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                  FORM 10-QSB/A

[X]      Quarterly Report pursuant to Section 13 or 15(d) of the
         Securities Exchange Act of 1934

         For the quarterly period ended March 31, 1996

[ ]      Transition Report pursuant to 13 or 15(d) of the Securities
         Exchange Act of 1934

         For the transition period from                   to

Commission File Number 33-55254-37

                      NORAM GAMING AND ENTERTAINMENT, INC.

             (Exact name of Registrant as specified in its charter)

            Nevada                                           87-0485316

(State or other jurisdiction of                              (IRS Employer
         incorporation )                                  Identification No.)

THREE CANTON SQUARE
TOLEDO, OHIO                                                    43624

(Address of principal executive offices                      (Zip Code)

Registrant's telephone number, including area code (419) 255-1515

Indicate  by a 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 such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days [ ] Yes [X] No

Indicate the number of shares outstanding of each of the registrant's classes of
common stock, as of the latest practicable date.

                                                          Outstanding as of
               Class                                         May 10, 1996

   $.001 par value Class A Common Stock                    12,500,000 shares

<PAGE>



                                   SIGNATURES

     Pursuant to the  requirements  of the  Securities and Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                    NORAM GAMING AND ENTERTAINMENT, INC.



DATED: JUNE 25, 1996                 /S/ George C. Zilba
                                     George C. Zilba, President and Director

<PAGE>



<TABLE> <S> <C>


<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from Noram Gaming
and Entertainment,  Inc. and Subsidiary March 31, 1996 financial  statements and
is qualified in its entirety by reference to such financial statements

</LEGEND>

<CIK>                         0000894555
<NAME>                        NORAM GAMING & ENTERTAINMENT, INC.

       
<S>                                                           <C>
<PERIOD-TYPE>                                        3-MOS
<FISCAL-YEAR-END>                                             DEC-31-1996
<PERIOD-END>                                                  MAR-31-1996
<CASH>                                                        36,649
<SECURITIES>                                                  0
<RECEIVABLES>                                                 0
<ALLOWANCES>                                                  0
<INVENTORY>                                                   6,000
<CURRENT-ASSETS>                                              60,865
<PP&E>                                                        263,607
<DEPRECIATION>                                                (46,637)
<TOTAL-ASSETS>                                                284,387
<CURRENT-LIABILITIES>                                         400,240
<BONDS>                                                       0
                                         0
                                                   0
<COMMON>                                                      12,500
<OTHER-SE>                                                    (139,816)
<TOTAL-LIABILITY-AND-EQUITY>                                  284,387
<SALES>                                                       219,135
<TOTAL-REVENUES>                                              219,135
<CGS>                                                         47,202
<TOTAL-COSTS>                                                 190,289
<OTHER-EXPENSES>                                              0
<LOSS-PROVISION>                                              0
<INTEREST-EXPENSE>                                            5,423
<INCOME-PRETAX>                                               23,423
<INCOME-TAX>                                                  0
<INCOME-CONTINUING>                                           23,423
<DISCONTINUED>                                                0
<EXTRAORDINARY>                                               0
<CHANGES>                                                     0
<NET-INCOME>                                                  23,423
<EPS-PRIMARY>                                                 0.00
<EPS-DILUTED>                                                 0.00
        


</TABLE>


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