NORAM GAMING & ENTERTAINMENT, INC.


                       Filing Type:     10QSB
                       Description:     Quarterly Report
                       Filing Date:
                        Period End:     June 30, 2002
                  Primary Exchange:     Over the Counter Bulletin Board
                            Ticker:     NORE


<PAGE>

                                TABLE OF CONTENTS



                                      10QSB

         PART I................................................       1
         Item 1................................................       2
         Item 2................................................       2
         PART II...............................................       3
         Item 6................................................       3
         Independent Accountant's Review Report................     F-1
         Condensed Balance Sheets..............................     F-2
         Condensed Statements of Operations....................     F-3
         Condensed Statements of Cash Flows....................     F-4
         Notes to Condensed Financial Statements...............     F-5




<PAGE>

NORAM GAMING & ENTERAINMENT, INC. - 10QSB - QUARTERLY REPORT Date Filed:
--------------------------------------------------------------------------------


                                  UNITED STATES
                        SECURITY AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FOR 10-QSB

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

               For the quarterly period ended   June 30, 2002
                                                -------------

[ ]     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 & ENTERTAINMENT, INC.
                       ----------------------------------

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

6620 Muller Drive
Ottawa Lake MI                                                       49267
----------------------------------------                     -------------------
(Address of principal executive offices)                           (Zip Code)

Issuer's telephone number, including area code: (734-888-1172)
                                                --------------

Indicated  by a check  mark,  whether  the  issuers  (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 period 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 June 30, 2002
------------------------------------             -------------------------------
$.001 par value Class A Common Stock                        26,705,298






                                     Page 1
<PAGE>

NORAM GAMING & ENTERAINMENT, INC. - 10QSB - QUARTERLY REPORT Date Filed:
--------------------------------------------------------------------------------

                         PART 1 - FINANCIAL INFORMATION

Item 1.  Financial Statements.

BASIS OF PRESENTATION


General

     The  accompanying   unaudited  condensed  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 six months ended June 30, 2002, are not  necessarily  indicative
of the results that can be expected for the year ending December 31, 2002.

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

     As of June 30,  2002,  the  Company  had $49 cash in the bank.  There is no
certainty that the Company can meet its current financial commitments.

     Net loss was $6,597 for the three months ended June 30, 2002  compared with
net loss of  $1,232  for the same  period in 2001.  The  Company's  general  and
administrative  expenses  increased  in 2002 due to recording of fees payable to
the auditor for review of the interim Condensed Financial Statements.

     Net revenue was $0 for the three months ended June 30, 2002  compared  with
$0 for the same period in 2001 which represents the same level of activity.  The
Company has made a decision to discontinue the bingo  operations and concentrate
on looking for new opportunities.

     General and administrative  expenses were $1,523 for the three months ended
June 30,  2002  compared  to $118 for the same period in 2001 for an increase of
1191%.  Depreciation  and  amortization  expense was $1,114 for the three months
ended  June  30,  2001  and nil in the  current  year  due to the  write  off of
remaining equipment in the previous quarter. Interest expense was $5,074 for the
three  months ended June 30, 2002 was $0 compared to the same period in 2001 the
increase due to a settlement agreement.

     Net loss was $17,641 for the six months ended June 30, 2002  compared  with
net loss of  $58,811for  the same  period in 2001.  The  Company's  general  and
administrative expenses decreased in 2001 due to decrease in consulting fees.

Plan of Operations

The Company is currently paying only those expenses  required to keep it in good
standing.  These  payments  are being  advanced  on behalf of the  Company  by a
shareholder.  If the  shareholder  ceases to make these payments the Company may
not be able to maintain itself.

Unless the Company is able to find  additional  financing,  settle its debts and
find a suitable  acquisition or merger candidate it may be unable to continue as
a going concern.


                                     Page 2
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NORAM GAMING & ENTERAINMENT, INC. - 10QSB - QUARTERLY REPORT Date Filed:
------------------------------------------------------------------------------



                           PART II - OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K

(a)      Exhibits
         99-1 Financial Statements as of June 30, 2002

(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 & ENTERTAINMENT, INC.






DATED:                                    /s/ George C. Zilba, Director
                                          ----------------------------------
                                          George C. Zilba, Director










                                     Page 3
<PAGE>

                             DIROCCO & DOMBROW, P.A.
                       3601 W. COMMERCIAL BLVD, SUITE #39
                            FT. LAUDERDALE, FL 33309
                                 (954) 731-8181

          REPORT ON REVIEW BY INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
          ------------------------------------------------------------

Board of Directors
NorAm Gaming and Entertainment, Inc.

We have reviewed the  accompanying  condensed  balance sheet of NorAm Gaming and
Entertainment,  Inc. as of June 30, 2002 and the related condensed statements of
operations  and cash flows for the three and six months  ended June 30, 2002 and
2001 included in the accompanying  Securities and Exchange  Commission Form 10-Q
for  the  period  ended  June  30,  2002.  These  condensed  statements  are the
responsibility of the Company's management.

We conducted our review in accordance with standards established by the American
Institute  of  Certified  Public  Accountants.  A review  of  interim  financial
information consists principally of applying analytical  procedures to financial
data and making  inquiries of persons  responsible  for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with  generally  accepted  auditing  standards,  the  objective  of which is the
expression of an opinion  regarding the financial  statements  taken as a whole.
Accordingly, we do not express such an opinion.

Based on our review,  we are not aware of any material  modification that should
be made to the  accompanying  condensed  financial  statements for them to be in
conformity with generally accepted accounting principles.

The accompanying condensed financial statements have been prepared assuming that
the Company  will  continue as a going  concern.  As  discussed in Note 2 to the
condensed financial  statements,  the Company has experienced  continuing losses
since inception and negative  working  capital;  this raises  substantial  doubt
about its ability to continue as a going concern.  Management's  plans regarding
those matters also are described in Note 2. The condensed  financial  statements
do not  include  any  adjustments  that might  result  from the  outcome of this
uncertainty.

We have  previously  audited,  in accordance  with generally  accepted  auditing
standards,  the balance sheet as of December 31, 2001 and the related statements
of operations,  stockholders' equity and cash flows for the year then ended (not
presented herein). In our report dated May 16, 2002, we expressed an unqualified
opinion on those financial statements. In our opinion, the information set forth
in the  accompanying  condensed  balance  sheet as of June 30,  2002,  is fairly
stated in all material  respects in relation to the balance  sheet from which it
has been derived.



/s/ DiRocco & Dombrow, P.A.
August 6, 2002


                                       F-1
<PAGE>

                       NORAM GAMING & ENTERTAINMENT, INC.
                            CONDENSED BALANCE SHEETS


                                               June 30,      December 31,
                                                  2002            2001
                                             ------------    ------------


ASSETS
  CURRENT ASSETS
    Cash                                     $         49    $         93
    Inventory                                        --              --
                                             ------------    ------------
      TOTAL CURRENT ASSETS                             49              93

  PROPERTY AND EQUIPMENT                             --             2,901
                                             ------------    ------------

                                             $         49    $      2,994
                                             ============    ============

LIABILITIES & STOCKHOLDERS' DEFICIT
  CURRENT LIABILITIES
    Accounts payable                         $     17,000    $     21,500
    Bridge loans                                  215,000         215,000
    Current portion of long-term debt              58,427          58,427
    Demand loans payable - related parties        148,936         139,936
    Accrued expenses                              159,042         148,846
    Accrued expenses - related parties            171,250         171,250
                                             ------------    ------------
      TOTAL CURRENT LIABILITIES                   769,655         754,959
                                             ------------    ------------

  STOCKHOLDERS' (DEFICIT)
    Common stock $.001 par value:
    Authorized - 50,000,000 shares
    Issued and outstanding 26,705,298 and
      26,705,298, respectively                     26,705          26,705
    Additional paid-in capital                  2,830,849       2,830,849
    Deficit                                    (3,627,160)     (3,609,519)
                                             ------------    ------------
      TOTAL STOCKHOLDERS' DEFICIT                (769,606)       (751,965)
                                             ------------    ------------

                                             $         49    $      2,994
                                             ============    ============





 See accompanying summary of notes to unaudited condensed financial statements.

                                       F-2
<PAGE>
<TABLE>
<CAPTION>

                       NORAM GAMING & ENTERTAINMENT, INC.
                       CONDENSED STATEMENTS OF OPERATIONS
                                   (Unaudited)


                                         Three months ended June 30,      Six months ended June 30,
                                        ----------------------------    ----------------------------
                                             2002            2001            2002            2001
                                        ------------    ------------    ------------    ------------
<S>                                     <C>             <C>             <C>             <C>
Net Sales                               $       --      $       --      $       --      $       --
Cost of Sales                                   --              --              --              --
                                        ------------    ------------    ------------    ------------

     GROSS PROFIT                               --              --              --              --
                                        ------------    ------------    ------------    ------------

General and administrative expenses            1,523             118           4,544          55,352
Depreciation and amortization                   --             1,114             364           2,228
Interest expense                               5,074            --            10,195           1,231
Loss on disposal of fixed assets                --              --             2,538            --
                                        ------------    ------------    ------------    ------------
                                               6,597           1,232          17,641          58,811
                                        ------------    ------------    ------------    ------------


     NET LOSS                           $     (6,597)   $     (1,232)   $    (17,641)   $    (58,811)
                                        ============    ============    ============    ============

Net loss per weighted average share     $       0.00    $       0.00    $       0.00    $       0.00
                                        ============    ============    ============    ============

Weighted average number of common
  shares used to compute net loss per
  weighted average share                  26,705,298      26,705,298      26,705,298      26,469,414
                                        ============    ============    ============    ============

</TABLE>

 See accompanying summary of notes to unaudited condensed financial statements.

                                       F-3
<PAGE>

                       NORAM GAMING & ENTERTAINMENT, INC.
                       CONDENSED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                             Six Months ended June 30
                                             ------------------------
                                                2002          2001
                                             ----------    ----------

OPERATING ACTIVITIES
  Net loss                                   $  (17,641)   $  (58,811)
  Adjustments to reconcile net loss to
    net cash used by operating activities:
    Stock issued for services and expenses         --          55,095
    Loss on disposal of fixed assets              2,538          --
    Depreciation                                    364         2,228
  Changes in assets and liabilities:
    Accounts payable                             (4,500)         --
    Accrued expenses                             10,195           288
                                             ----------    ----------
      NET CASH USED BY
        OPERATING ACTIVITIES                     (9,044)       (1,200)
                                             ----------    ----------

FINANCING ACTIVITIES
    Loan proceeds                                 9,000         3,500
    Loan repayments                                --          (2,417)
                                             ----------    ----------
      NET CASH PROVIDED BY
        FINANCING ACTIVITIES                      9,000         1,083
                                             ----------    ----------

      DECREASE IN CASH                              (44)         (117)

Cash, beginning of period                            93           462
                                             ----------    ----------

Cash, end of period                          $       49    $      345
                                             ==========    ==========

Supplemental Information
  Cash paid for:
    Interest                                 $     --      $      903
                                             ==========    ==========
    Taxes                                    $     --      $     --
                                             ==========    ==========




 See accompanying summary of notes to unaudited condensed financial statements.

                                       F-4
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NORAM GAMING & ENTERAINMENT, INC. - 10QSB - QUARTERLY REPORT Date Filed:
--------------------------------------------------------------------------------

                       NORAM GAMING & ENTERTAINMENT, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                  JUNE 30, 2002

NOTE 1:  SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES

Basis of Presentation
---------------------

The  accompanying  interim  condensed  financial  statements of NorAm Gaming and
Entertainment,  Inc.  (the  "Company")  have been  prepared in  conformity  with
accounting principles generally accepted in the United States, consistent in all
material  respects  with those  applied in the  Company's  annual report on Form
10-KSB for the year ended December 31 2001. The interim financial information is
unaudited,  but  reflects all normal  adjustments,  which are, in the opinion of
management,  necessary  to provide a fair  statement  of results for the interim
periods  presented.   The  interim  financial   statements  should  be  read  in
conjunction with the financial statements in the Company's annual report on Form
10-KSB for the year ended December 31 2001.

The condensed financial  statements and notes are presented as permitted by Form
10-QSB and do not contain certain information  included in the Company's audited
financial statements and notes for the year ended December 31 2001.

The  results  of  operations  for  the six  months  ended  June 30 2002  are not
necessarily indicative of results that may be expected for the entire year.

Accounting Methods
------------------

The  Company  recognized  income and  expenses  based on the  accrual  method of
accounting.

Dividend Policy
---------------

The Company has not yet adopted any policy regarding payment of dividends.

Cash and Cash Equivalents
-------------------------

For  financial  statement  purposes,  the Company  considers  all highly  liquid
investments  with  an  original  maturity  date of  three  months  of less  when
purchased to be cash equivalents.

Estimates
---------

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States  requires  management to make estimates
and  assumptions  that  affect the  reported  amounts  of  assets,  liabilities,
revenues,  and expenses during the reporting  period.  Estimates also affect the
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements. Actual results could differ from these estimates.

NOTE 2:  GOING CONCERN

The  financial  statements  are  presented  on  a  going  concern  basis,  which
contemplates  the  realization of assets and the  satisfaction of liabilities in
the normal  course of  business.  At June 30,  2002 the Company had a deficit in
working capital of $769,606 and a loss from operations of $17,641.

Management  feels that unless new  operations  are  identified  and financed the
Company may be unable to continue as a going concern.

See accompanying summary of notes to unaudited condensed financial statements.



                                       F-5