UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                   FORM 10-QSB

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

         For the quarterly period ended March 31, 2000
                                       ---------------

[]   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 Small Business Issuer as specified in its charter)

             Nevada                                           87-0485316
-------------------------------                           ------------------
(State or other jurisdiction of                              (IRS Employer
         incorporation )                                  Identification No.)

       FIVE CANTON SQUARE
          TOLEDO, OHIO                                           43624
----------------------------------------                   ----------------
(Address of principal executive offices)                     (Zip Code)

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

Indicate by a check mark  whether the issuer (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 issuer was required
to file such reports),  and (2) has been subject to such filing requirements for
the past 90 days [X] Yes [] No

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

             Class                             Outstanding as of March 31, 2000
------------------------------------         -----------------------------------
$.001 par value Class A Common Stock               16,379,200 shares

                                        1

<PAGE>



                         PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

BASIS OF PRESENTATION

General

     The  accompanying  unaudited  financial  statements  have been  prepared in
accordance with the instructions to Form 10-QSB and,  therefore,  do not include
all information and footnotes necessary for a complete presentation of financial
position,  results of  operations,  cash  flows,  and  stockholders'  deficit in
conformity  with generally  accepted  accounting  principles.  In the opinion of
management,  all adjustments considered necessary for a fair presentation of the
results of  operations  and  financial  position have been included and all such
adjustments are of a normal recurring  nature.  Operating  results for the three
months ended March 31, 2000, are not necessarily  indicative of the results that
can be expected for the year ending December 31, 2000.

Item 2. Management's  Discussion and Analysis of Financial Condition and Results
        of Operations.

LIQUIDITY AND CAPITAL RESOURCES

     As of March 31, 2000, the Company had $10,114 cash in the bank. There is no
certainty that the Company can meet its current financial commitments.

     The  Company is a  development  stage  Company  engaged  in  selling  bingo
equipment.

     Net loss was  $(51,780)  for the three months ended March 31, 2000 compared
with net loss of $(21,404) for the same period in 1999.  The Company was able to
reduce its general and administrative expenses substantially in 2000 compared to
1999.

     Net revenue was $12,696 for the three months ended March 31, 2000  compared
with $159,850 for the same period in 1999 for a decrease of 92%. The decrease in
revenues is attributed to the decision by the Company to  discontinue  the bingo
operations  and  concentrate on selling bingo  equipment.  Cost of sales for the
three months  ended March 31, 2000 were $7,056  compared to $13,626 for the same
period in 1999 for a decrease of 48%.

     General and administrative expenses were $47,554 for the three months ended
March 31, 2000  compared to $160,883  for the same period in 1999 for a decrease
of 70%.  Depreciation and  amortization  expense was $2,058 for the three months
ended  March  31,  2000  compared  to $5,188  for the same  period in 1999 for a
decrease of 60%.  Interest expense for the three months ended March 31, 2000 was
$7,808 compared to $1,557 for the same period in 1999 for an increase of 401%.



                                        2

<PAGE>



     For the three  months  ended  March 31,  2000 the Company had a net loss of
$(50,906) and its  subsidiary  had a net loss of $(874) for a  consolidated  net
loss of $(51,780).

     For the three  months ended March 31, 1999 the Company had a net loss of $0
and its  subsidiary  had a net loss of $(21,404)  for  consolidated  net loss of
$(21,404).

     At March 31, 2000 the Company's  assets were $138,542 and the  subsidiary's
assets were $11,585 for total  consolidated  assets of $150,127.  Liabilities at
March 31, 2000 were $720,110 for the Company and $252,984 for the subsidiary for
total consolidated liabilities of $973,094.

                           PART II - OTHER INFORMATION

Item 6. Exhibits and Reports on Form 8-K

     (a) Exhibits
         27 Financial Data Schedule
         99-1 Financial Statements as of March 31, 2000

     (b) Reports on Form 8-K
         None

                                   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: May 10, 2000                          /s/
                                        George C. Zilba, President and Director


                                        3

<PAGE>



               NORAM GAMING AND ENTERTAINMENT, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                           CONSOLIDATED BALANCE SHEETS


<TABLE>
<CAPTION>
                                                                                March 31,         December 31,
                                                                                  2000                1999
                                                                           ------------------  -----------------
ASSETS                                                                         (Unaudited)          (Audited)
   CURRENT ASSETS
<S>                                                                        <C>                 <C>
     Cash                                                                  $           10,114  $             429
     Contract Receivable                                                               11,410             22,429
     Inventory                                                                        116,341            123,837
                                                                           ------------------  -----------------

                                                     TOTAL CURRENT ASSETS             137,865            146,695

   PROPERTY AND EQUIPMENT                                                              12,262             14,320
                                                                           ------------------  -----------------

                                                                           $          150,127  $         161,015
                                                                           ==================  =================

LIABILITIES & (DEFICIT)
   CURRENT LIABILITIES
     Accounts payable                                                      $           32,851  $          37,486
     Bridge loans                                                                     259,000            259,000
     Current portion of long-term debt                                                 14,511             14,189
     Demand loans payable - related parties                                           333,922            302,824
     Accrued expenses                                                                 102,337             96,479
     Accrued expenses - related parties                                               178,250            166,250
                                                                           ------------------  -----------------

                                                TOTAL CURRENT LIABILITIES             920,871            876,228

   LONG-TERM DEBT                                                                      52,223             55,974
                                                                           ------------------  -----------------

                                                        TOTAL LIABILITIES             973,094            932,202

   STOCKHOLDERS' (DEFICIT)
     Common Stock $.001 par value:
       Authorized - 25,000,000 shares
       Issued and outstanding 16,379,200 shares                                        16,379             16,379
     Additional paid-in capital                                                     1,637,749          1,637,749
     Deficit accumulated during the development stage                              (2,477,095)        (2,425,315)
                                                                           ------------------  -----------------

                                              TOTAL STOCKHOLDERS' DEFICIT            (822,967)          (771,187)
                                                                           ------------------  -----------------

                                                                           $          150,127  $         161,015
                                                                           ==================  =================

</TABLE>


                                       F-1

<PAGE>



               NORAM GAMING AND ENTERTAINMENT, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                                             3/14/90
                                                                              Three months ended            (Date of
                                                                                   March 31,               inception)
                                                                              2000           1999          to 3/31/00
                                                                         -------------  -------------   -----------------
<S>                                                                      <C>            <C>             <C>
Net Sales                                                                $      12,696  $     159,850   $       3,436,693
Cost of sales                                                                    7,056         13,626             970,913
                                                                         -------------  -------------   -----------------

                                                           GROSS PROFIT          5,640        146,224           2,465,780

General and Administrative expenses                                             47,554        160,883           4,476,138
Depreciation and amortization                                                    2,058          5,188             133,677
Interest expense                                                                 7,808          1,557             149,009
                                                                         -------------  -------------   -----------------
                                                                                57,420        167,628           4,758,824
                                                                         -------------  -------------   -----------------

                                         NET INCOME (LOSS) BEFORE OTHER        (51,780)       (21,404)         (2,293,044)

Termination of facility lease                                                        0              0            (154,604)
Joint venture loss                                                                   0              0            (152,515)
Gain on facility sale                                                                0              0             182,422
Loss on equipment disposal                                                           0              0             (59,354)
                                                                         -------------  -------------   -----------------
                                                                                     0              0            (184,051)
                                                                         -------------  -------------   -----------------

                                                      NET INCOME (LOSS)
                                                    BEFORE INCOME TAXES        (51,780)       (21,404)         (2,477,095)

INCOME TAX (BENEFIT)                                                                 0              0                   0
                                                                         -------------  -------------   -----------------

                                                      NET INCOME (LOSS)  $     (51,780) $     (21,404)  $      (2,477,095)
                                                                         =============  =============   =================

Net income (loss) per weighted average share                             $        (.00) $        (.00)
                                                                         =============  =============

Weighted average number of common shares used to
   compute net income (loss) per weighted average share                     16,379,200     16,129,700
                                                                         =============  =============
</TABLE>



                                       F-2

<PAGE>



               NORAM GAMING AND ENTERTAINMENT, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                                                                                3/14/90
                                                                         Three months ended                    (Date of
                                                                              March 31,                       inception)
                                                                     2000                  1999               to 3/31/00
                                                              ------------------    -----------------     ----------------
OPERATING ACTIVITIES
<S>                                                           <C>                   <C>                   <C>
   Net income (loss)                                          $          (51,780)   $         (21,404)    $     (2,477,095)
   Adjustments to reconcile net income (loss) to cash
     provided (used) by operating activities:
       Net book value of terminated lease                                      0                    0              154,604
       Book value of disposed assets                                           0                    0               82,640
       Joint venture loss non-cash                                             0                    0              152,515
       Stock issued for services and expenses                                  0                    0            1,206,865
       Depreciation & amortization                                         2,058                5,188              146,913
   Changes in assets and liabilities:
       Inventory                                                           7,496                 (690)            (116,341)
       Accounts receivable                                                     0                    0                    0
       Prepaid expenses                                                        0                5,400                    0
       Accounts payable                                                   (4,635)             (48,795)              27,852
       Accrued expenses                                                   48,956                9,144              280,587
                                                              ------------------    -----------------     ----------------

                                 NET CASH PROVIDED (USED) BY
                                        OPERATING ACTIVITIES               2,095              (51,157)            (541,460)

INVESTING ACTIVITIES
   Purchase of property and equipment                                          0                    0             (275,467)
   Security deposits                                                           0                5,400                    0
   Contract receivable                                                         0                    0              (50,000)
   Contract collections                                                   11,019                    0               38,590
   Investment in joint venture                                                 0                    0             (152,515)
                                                              ------------------    -----------------     ----------------
                                 NET CASH PROVIDED (USED) BY
                                        INVESTING ACTIVITIES              11,019                5,400             (439,392)

FINANCING ACTIVITIES
   Proceeds from sale of common stock                                          0                    0              338,163
   Loan proceeds                                                               0               48,000              760,249
   Loan repayments                                                        (3,429)              (1,708)            (107,446)
                                                              ------------------    -----------------     ----------------
                                 NET CASH PROVIDED (USED) BY
                                        FINANCING ACTIVITIES              (3,429)              46,292              990,966
                                                              ------------------    -----------------     ----------------

                                            INCREASE IN CASH
                                        AND CASH EQUIVALENTS               9,685                  535               10,114

Cash and cash equivalents at beginning of period                             429               15,721                    0
                                                              ------------------    -----------------     ----------------

                                CASH AND CASH EQUIVALENTS AT
                                               END OF PERIOD  $           10,114    $          16,256     $         10,114
                                                              ==================    =================     ================

SUPPLEMENTAL INFORMATION Cash paid for:
     Interest                                                 $            2,027    $           1,557     $         50,372
                                                              ==================    =================     ================
</TABLE>





                                       F-3