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 September 30, 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.)

          2315 NW 107th Ave.
          Unit 1M22 Mail #83
            Miami, Florida                                 33172
----------------------------------------            ----------------
(Address of principal executive offices)                (Zip Code)

Issuer's telephone number, including area code: (305) 402-2085
                                               ---------------

    Five Canton Square
    Toledo, Ohio 43624                                (419) 255-1515
----------------------                          --------------------------
     (Former Address)                            (Former Telephone Number)

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 September 30, 2000
 -------------------------------------      ------------------------------------
 $.001 par value Class A Common Stock               20,137,671 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 nine
months ended September 30, 2000, are not  necessarily  indicative of the results
that can be expected for the year ending December 31, 2000.



                                        2

<PAGE>



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


<TABLE>
<CAPTION>
                                                                              September 30,       December 31,
                                                                                  2000                1999
                                                                           ------------------  -----------------
ASSETS                                                                         (Unaudited)          (Audited)
   CURRENT ASSETS
<S>                                                                        <C>                 <C>
     Cash                                                                  $              480  $             429
     Contract Receivable                                                                    0             22,429
     Loan receivable - officer                                                          3,886                  0
     Inventory                                                                        176,341            123,837
                                                                           ------------------  -----------------

                                                     TOTAL CURRENT ASSETS             180,707            146,695

   PROPERTY AND EQUIPMENT                                                               8,146             14,320
                                                                           ------------------  -----------------

                                                                           $          188,853  $         161,015
                                                                           ==================  =================

LIABILITIES & (DEFICIT)
   CURRENT LIABILITIES
     Accounts payable                                                      $           67,083  $          37,486
     Bridge loans                                                                     215,000            259,000
     Current portion of long-term debt                                                 11,254             14,189
     Demand loans payable - related parties                                            54,855            302,824
     Accrued expenses                                                                 101,345             96,479
     Accrued expenses - related parties                                               152,750            166,250
                                                                           ------------------  -----------------

                                                TOTAL CURRENT LIABILITIES             602,287            876,228

   LONG-TERM DEBT                                                                      48,387             55,974
                                                                           ------------------  -----------------
                                                        TOTAL LIABILITIES             650,674            932,202

   STOCKHOLDERS' (DEFICIT)
     Common Stock $.001 par value:
       Authorized - 25,000,000 shares
       Issued and outstanding 20,137,671 shares
         (16,379,200 in 1999)                                                          20,138             16,379
     Additional paid-in capital                                                     2,066,211          1,637,749
     Deficit accumulated during the development stage                              (2,548,170)        (2,425,315)
                                                                           ------------------  -----------------

                                            TOTAL STOCKHOLDERS' (DEFICIT)            (461,821)          (771,187)
                                                                           ------------------  -----------------

                                                                           $          188,853  $         161,015
                                                                           ==================  =================
</TABLE>



See Notes to Consolidated Financial Statements.

                                        3

<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             Nine Months Ended          (Date of
                                                        September 30,                 September 30,           inception)
                                                   2000            1999           2000           1999         to 9/30/00
                                               -------------  -------------  -------------   -------------  -------------
<S>                                            <C>            <C>            <C>             <C>            <C>
Net Sales                                      $         800  $      23,704  $      13,606   $     233,358  $   3,437,603
Cost of sales                                              0         29,123          7,981          66,915        971,838
                                               -------------  -------------  -------------   -------------  -------------

                                GROSS PROFIT             800         (5,419)         5,625         166,443      2,465,765

General and Administrative expenses                   24,244         62,560        111,627         374,129      4,540,211
Depreciation and amortization                          2,058          1,731          6,174           9,483        137,793
Interest expense                                       1,395          3,216         10,679           9,215        151,880
                                               -------------  -------------  -------------   -------------  -------------
                                                      27,697         67,507        128,480         392,827      4,829,884
                                               -------------  -------------  -------------   -------------  -------------

              NET INCOME (LOSS) BEFORE OTHER         (26,897)       (72,926)      (122,855)       (226,384)    (2,364,119)

Termination of facility lease                              0              0              0               0       (154,604)
Joint venture loss                                         0              0              0               0       (152,515)
Gain on facility sale                                      0              0              0         182,422        182,422
Loss on equipment disposal                                 0              0              0         (19,216)       (59,354)
                                               -------------  -------------  -------------   -------------  -------------
                                                           0              0              0         163,206       (184,051)
                                               -------------  -------------  -------------   -------------  -------------

                           NET INCOME (LOSS)
                         BEFORE INCOME TAXES         (26,897)       (72,926)      (122,855)        (63,178)    (2,548,170)

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

                           NET INCOME (LOSS)   $     (26,897) $     (72,926) $    (122,855)  $     (63,178) $  (2,548,170)
                                               =============  =============  =============   =============  =============

Basic and diluted
Net income (loss) per weighted
   average share                               $        (.00) $        (.00) $        (.01)  $        (.00)
                                               =============  =============  =============   =============

Weighted average number of common
   shares used to compute net income
   (loss) per weighted average share              20,137,671     16,372,200     17,929,226      16,251,506
                                               =============  =============  =============   =============
</TABLE>



See Notes to Consolidated Financial Statements.

                                        4

<PAGE>



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


<TABLE>
<CAPTION>
                                                                                                                3/14/90
                                                                          Nine Months Ended                    (Date of
                                                                            September 30,                     inception)
                                                                     2000                  1999               to 9/30/00
                                                              ------------------    -----------------     ----------------
OPERATING ACTIVITIES
<S>                                                           <C>                   <C>                   <C>
   Net income (loss)                                          $         (122,855)   $         (63,178)    $     (2,548,170)
   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               42,502               82,640
       Joint venture loss non-cash                                             0                    0              152,515
       Stock issued for services and expenses                                  0               17,325            1,206,865
       Depreciation & amortization                                         6,174                9,483              151,029
   Changes in assets and liabilities:
       Inventory                                                         (52,504)              15,271             (176,341)
       Accounts receivable                                                (3,886)              29,246               (3,886)
       Prepaid expenses                                                        0               12,845                    0
       Accounts payable                                                   65,396              (61,927)              67,083
       Accrued expenses                                                   95,819               30,502              358,070
                                                              ------------------    -----------------     ----------------

                                 NET CASH PROVIDED (USED) BY
                                        OPERATING ACTIVITIES             (11,856)              32,069             (555,591)

INVESTING ACTIVITIES
   Purchase of property and equipment                                          0                    0             (275,467)
   Security deposits                                                           0               11,102                    0
   Contract receivable                                                         0              (50,000)             (50,000)
   Contract collections                                                   22,429               16,930               50,000
   Investment in joint venture                                                 0                    0             (152,515)
                                                              ------------------    -----------------     ----------------
                                 NET CASH PROVIDED (USED) BY
                                        INVESTING ACTIVITIES              22,429              (21,968)            (427,982)

FINANCING ACTIVITIES
   Proceeds from sale of common stock                                          0               13,900              338,163
   Loan proceeds                                                               0               48,000              760,429
   Loan repayments                                                       (10,522)             (70,970)            (114,539)
                                                              ------------------    -----------------     ----------------
                                 NET CASH PROVIDED (USED) BY
                                        FINANCING ACTIVITIES             (10,522)              (9,070)             984,053
                                                              ------------------    -----------------     ----------------

                                            INCREASE IN CASH
                                        AND CASH EQUIVALENTS                  51                1,031                  480

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

                                CASH AND CASH EQUIVALENTS AT
                                               END OF PERIOD  $              480    $          16,752     $            480
                                                              ==================    =================     ================

SUPPLEMENTAL INFORMATION Cash paid for:
     Interest                                                 $            4,898    $           9,215     $         47,462
                                                              ==================    =================     ================

</TABLE>



See Notes to Consolidated Financial Statements.

                                        5

<PAGE>



               NORAM GAMING AND ENTERTAINMENT, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               September 30, 2000


NOTE 1:       SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES

              Basis of Presentation

              The  accompanying  financial  statements  have  been  prepared  in
              accordance with generally accepted accounting  principles ("GAAP")
              for  interim  financial  information.  Accordingly,  they  do  not
              include all of the information and footnotes required by generally
              accepted auditing  principles for complete  financial  statements.
              The unaudited financial statements should,  therefore,  be read in
              conjunction with the financial statements and notes thereto in the
              Report on Form 10KSB for the year ended  December 31, 1999. In the
              opinion of management,  all adjustments  (consisting of normal and
              recurring   adjustments)   considered   necessary   for   a   fair
              presentation,  have been  included.  The results of operations for
              the three and nine-month  periods ended September 30, 2000 are not
              necessarily indicative of the results that may be expected for the
              entire fiscal year.

              Accounting Methods

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

              Dividend Policy

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

              Inventory

              Inventory  consists of  equipment  for resale and is valued at the
              lower of cost (first-in, first-out basis) or market.

              Cash and Cash Equivalents

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

              Estimates

              The  preparation  of  financial   statements  in  conformity  with
              generally accepted  accounting  principles  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 the basis  that the
              Company is a going concern,  which contemplates the realization of
              assets and the satisfaction of liabilities in the normal course of
              business over a reasonable  length of time. At September 30, 2000,
              the Company had a deficit in working  capital of $421,580,  a loss
              from operations for 2000 of $122,855 and an accumulated deficit of
              $2,548,170.

              Management feels that expanding its operations to the Internet and
              a  combination  of debt  financing  and sale of common  stock will
              provide  sufficient  working  capital  to  allow  the  Company  to
              continue  as a going  concern.  The  Company  also  feels that the
              installation  of slot  machines in the El  Salvador  International
              Airport will soon provide working capital.


                                        6

<PAGE>



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

LIQUIDITY AND CAPITAL RESOURCES

              As of September  30, 2000,  the Company had $480 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 the gaming
industry.

              Effective   April  1,  2000,  the  Company's   subsidiary   ceased
operations.

              Net loss was $26,897 for the three months ended September 30, 2000
compared  with net loss of $72,926 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 $800 for the three months ended September 30, 2000
compared  with  $23,704 for the same  period in 1999 for a decrease of 97%.  The
decrease in revenues is attributed to the decision by the Company to discontinue
the bingo operations and concentrate on other areas in the gaming industry. Cost
of sales for the three  months  ended  September  30,  2000 were $0  compared to
$29,123 for the same period in 1999 for a decrease of 100%.

              General and  administrative  expenses  were  $24,244 for the three
months ended  September 30, 2000 compared to $62,560 for the same period in 1999
for a decrease of 61%.  Depreciation and amortization expense was $2,058 for the
three months ended  September 30, 2000 compared to $1,731 for the same period in
1999 for an  increase  of 19%.  Interest  expense  for the  three  months  ended
September 30, 2000 was $1,395 compared to $3,216 for the same period in 1999 for
a decrease of 57%.

              Net loss was $122,855 for the nine months ended September 30, 2000
compared  with net loss of $63,178 for the same period in 1999.  The Company was
able to reduce its general and  administrative  expenses  substantially  in 2000
compared to 1999.  In 1999,  the Company sold a facility  which reduced the loss
for the nine months.

              Net revenue was $13,606 for the nine months  ended  September  30,
2000  compared  with $233,358 for the same period in 1999 for a decrease of 94%.
The  decrease  in  revenues  is  attributed  to the  decision  by the Company to
discontinue  the bingo  operations and  concentrate on other areas in the gaming
industry. Cost of sales for the nine months ended September 30, 2000 were $7,981
compared to $66,915 for the same period in 1999 for a decrease of 88%.

              General and  administrative  expenses  were  $111,627 for the nine
months ended September 30, 2000 compared to $374,129 for the same period in 1999
for a decrease of 70%.  Depreciation and amortization expense was $6,174 for the
nine months ended  September  30, 2000 compared to $9,483 for the same period in
1999 for a decrease of 35%. Interest expense for the nine months ended September
30,  2000 was  $10,679  compared  to $9,215  for the same  period in 1999 for an
increase of 16%.

              During the nine months ended  September 30, 2000, the  President's
son, who is not an officer or director, agreed to assume liabilities of $432,222
in exchange for 3,758,471  shares of the Company's common stock. The son intends
to use the stock to retire his obligations to the previous creditors.



                                        7

<PAGE>



                           PART II - OTHER INFORMATION

Item 6.       Exhibits and Reports on Form 8-K

              (a) Exhibits
                  Press Releases
                  27 Financial Data Schedule

              (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:        November 7, 2000     /s/ Julius Csurgo
      ------------------------    -------------------------------------------
                                  Julius Csurgo, CEO, President, and Director



                                        8

<PAGE>



                                                       Exhibits - Press Releases

Monday October 2, 1:30 pm Eastern Time

Press Release

NorAm Gaming & Entertainment Appoints Senator Ronald Silver to
Advisory Board

MIAMI--(BUSINESS  WIRE)--Oct.  2,  2000--NorAm  Gaming  and  Entertainment  Co.,
(OTCBB:NORE - news),  announced  today the appointment of Florida State Senator,
Ron Silver to the Company's newly formed Board of Advisors.

Senator Silver's legislative career began with his election to the Florida House
of Representatives  in 1978, where he served  continuously until his election to
the Florida  Senate in 1992.  Senator  Silver was  re-elected  unopposed  to the
Florida Senate in 1998. Both as a member of the Florida House of Representatives
and the Florida  Senate,  Senator Silver has compiled a record of  distinguished
service to the people of Florida.

During  his  tenure in the  Florida  Legislature,  Senator  Silver  has been the
recipient of many awards and has held  numerous  positions of esteem in both the
House of  Representatives  and the  Senate.  Since  1994,  he  served  as Senate
Democratic Leader,  Chairman of the Senate Criminal Justice Committee,  Chairman
of  the  Budget-Subcommittee  on  Health  and  Human  Services,  Vice  Chair  of
Governmental Oversight and Productivity,  Criminal Justice,  Judiciary and Joint
Committee on Legislative Auditing.

The Honors  bestowed upon Senator Silver include:  The Governor's  Peace at Home
Award;  Legislator of the Year, 1999, by the Governor's  Domestic  Violence Task
Force; The Florida Coalition on Aging, Advocacy Award; Outstanding Senate Member
Award by The Academy of Florida Trial Lawyers; and the 1996 Legislative Award by
the Florida Sheriff's Association.

NorAm,  CEO, Julius C. Csurgo,  made the following  comments  regarding  Senator
Silver's  appointment to the Advisory  Board;  "Senator Silver brings to NorAm a
tremendous  amount of political and  governmental  knowledge  that will help the
Company  deal with issues it will face in the  jurisdictions  the  Company  will
operate in the gaming sectors. As NorAm's new CEO the addition of Senator Silver
and his experience will be well drawn upon by me as we move NorAm ahead.  Ron is
truly a man of many  talents  and  experience  and I, along with the rest of the
management  team at NorAm,  look forward to a long and  productive  relationship
with him."

Source: NorAm Gaming and Entertainment Co.

Contact:

     Joyce Research Group: 561/361-9277
     or
     NorAm Gaming and Entertainment Co.
     Julius C. Csurgo, 305/402-2085


                                        9

<PAGE>



Wednesday September 20, 2:04 pm Eastern Time

Press Release

SOURCE: NorAm Gaming and Entertainment Inc.

NorAm Gaming & Entertainment Inc. Announces Corporate and
Operations Update

MIAMI, Sept. 20 /PRNewswire/ -- As a result of the recent major changes in NorAm
Gaming and  Entertainment's  (OTC Bulletin  Board:  NORE - news)  Management and
Board of  Directors,  NorAm is  providing  this update to its  Shareholders  and
potential  investors  as a means of  providing a more  in-depth  analysis of its
current projects, revenue potential and funding options.

NorAm's  Chairman,  George  Zilba,  made the following  statement  regarding the
overall direction of the company:  "The last few months have marked a definitive
shift towards taking the Company in a positive  direction of revenue  generation
and profitability. We will continue to restructure our Management Team, with the
objective  of building the Company  around top  talented  people in all areas of
business that will bring value to NorAm and its Shareholders."

NorAm's new CEO, Julius Csurgo,  referenced the current projects as follows:  "I
am  extremely  excited  about the  prospects  for NorAm and the  projects we are
working on -- the potential they present should benefit the company greatly.

"The El Salvador contract is expected to close the first week in October. We are
presently finishing a private placement for capital to purchase the 200 machines
required for the Airport slot machine  contract.  These machines are expected to
be  fully  operational  by the  end of  October  and  conservatively  should  be
generating  about $30.00 US per day/per  machine.  We expect to generate  around
$50,000.00 per month, after operational expenses.

"The Grande Resorts  acquisition is now in the last aspects of the Company's due
diligence, with most legal documents being prepared to close this transaction by
October  15.  This  acquisition  will  result  in a  significant  income  stream
generating  approximately  $1.2  million of net revenue per year to the Company.
Due to  Confidentiality  Agreements  signed by the parties,  NorAm cannot reveal
specific  details  concerning  the  transaction;  however,  we can say  that the
acquisition  will bring a  significant  interest in 6  operating  casinos in the
region and should provide the Company a solid base to build from."

Mr.  Csurgo  outlined  the  restructuring  of the  Company  into these  distinct
operating  divisions  along with specific  management  for each  division:  "The
Company's  interests  will be  comprised of Gaming,  Internet  Projects and Real
Estate acquisition.  The Real Estate division will focus predominantly in resort
areas with an eye on casino  facilities or obtain management  contracts,  with a
view toward re-branding the facilities under its Grande Resorts theme."

The Company is presently in  negotiations  to purchase  Online Casino and Sports
Book operations to launch its Internet Division. NorAm also intends to build and
establish a growing network of online affiliates where possible.

With  regard  to the  Internet  project  already  announced,  Mr.  Csurgo  said,
"Previous announcements  concerning our Internet Charity site are still intended
to be completed  and will move forward  along with our other  Internet  products
Projects.  As part of our  restructuring  efforts and our intention to develop a
full line of Internet  products,  we are in the process of bringing  experienced
technical  people  on staff to deal  with the  Company's  entire  Online  Gaming
activities."

Mr. Zilba  reiterated the Company's  Bingo strategy in his statement that "bingo
remains an integral  part of our Gaming  Division  and is intended to grow as we
implement our expansion  program.  The growth potential for Bingo in Central and
South  American  Markets is already very large and we are  presently  looking to
acquire two operations within the region."


                                       10

<PAGE>



VLT's (Video Lottery  Terminals) also represent a major growth potential for the
Company. With the placement of 200 machines in El Salvador, 650 machines for the
Grande Resorts and  negotiations  pending for the installation of 900 additional
units over the next 6 months,  the Company will be well  positioned  to generate
significant VLT revenues starting in 2001.

The Company is also actively  raising  capital for  investment  and has met with
several accredited investors in an attempt to raise US $5,000,000.00; to finance
growth plans over the next 6 months.

Regarding  this effort Mr.  Csurgo  added,  "NorAm will be working  closely with
Equity Capital Management,  Inc. to raise capital for mergers,  acquisitions and
operating  expenses.  As a managing  partner of ECM, I am  convinced  that ECM's
talented people and contacts can assist NorAm immeasurably in the accomplishment
of their goals.  The need for capital is present in virtually  every  commercial
enterprise  and NorAm is no  exception.  Our  choices  to acquire  capital  will
require us to take on Debt or offer a position  in Equity.  It is our plan to be
extremely  cautious  and prudent in making that  decision.  We will take on Debt
where possible and resort to Equity only when necessary. The Company will always
look for the best terms and  conditions  to acquire  funding as it  continues to
expand."


                                       11

<PAGE>



Wednesday September 13, 10:28 am Eastern Time

Press Release

SOURCE: NorAm Gaming and Entertainment

NorAm Gaming & Entertainment To Move Head Office To Miami, Florida

TOLEDO,  Ohio,  Sept. 13  /PRNewswire/  -- NorAm Gaming and  Entertainment  (OTC
Bullet  Board:  NORE)  announced  today that the Company has leased space in the
Miami Free Zone,  in Miami,  Florida.  The Company will move all the day-to- day
operations there in the near future.

The new  address  for NorAm will be 2315 NW 107th  Ave.,  Unit  1M22,  Mail #83,
Miami, FL 33172.  Company management can be reached at 305-402-2085 or toll free
at 877-324-4435. Or e-mail them at noramgaming@lycos.com.

The Company's  decision to move the headquarters  reflects its new direction and
concentration  on gaming  opportunities  in Central and South  America.  Miami's
proximity to these  markets  makes it easier for the  Company's  management  and
advisors to react to opportunities and operations within the region.

As of  September  1, 2000,  NorAm has closed its Las Vegas  showroom and will be
moving all of the showroom  equipment to the Miami  address.  According to both,
CEO,  Julius Csurgo and Board Chairman,  George C. Zilba,  "This move is another
step forward for NorAm. It not only places us in an area where we are accessible
to our customers but our customers are very accessible to us."

NorAm intends to also  showcase the wares of other  vendors of gaming  equipment
and supplies  that can help the Company in its effort to become a full  spectrum
gaming  company in Latin America.  Potential  customers will be able to view and
discuss all of NorAm's products and services in one central location.


                                       12