NORAM GAMING & ENTERTAINMENT, INC.


                     Filing Type:    10QSB
                     Description:    Quarterly Report
                     Filing Date:    June 14, 2002
                      Period End:    March 31, 2002
                Primary Exchange:    Over the Counter Bulletin Board
                          Ticker:    NORE


<PAGE>

                                  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   March 31, 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 Dr.
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 March 31, 2002
------------------------------------            --------------------------------
$.001 par value Class A Common Stock                        26,705,298


<PAGE>

                                TABLE OF CONTENTS



                                      10QSB

    PART I................................................................     3
    Item 1................................................................     3
    Item 2................................................................     3
    PART II...............................................................     4
    Item 6................................................................     4
    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>

                         PART 1 - 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, 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  March  31,  2002,  the  Company  had $71  cash in the  bank.  There is no
certainty that the Company can meet its current financial commitments.

Net loss was $11,044 for the three months ended March 31, 2002 compared with net
loss of  $57,579  for the  same  period  in  2001.  The  Company's  general  and
administrative  expenses  decreased  in 2002  due to the  Company  significantly
scaling back operations.

General and administrative expenses were $3,021 for the three months ended March
31, 2002  compared to $55,234 for the same period in 2001 for a decrease of 95%.
Depreciation and amortization  expense was $364 for the three months ended March
31,  2002  compared  to $1,114 for the same  period in 2001.  The balance of the
Bingo Hall  equipment  was written off and other assets were fully  depreciated.
Interest  expense for the three months ended March 31, 2002 was $5,121  compared
to $1,231 for the same period in 2001 for an increase of 316%.

Item 5.  Other Information

The Directors  continue to examine other  possible  avenues to pursue  including
acquisition, merger or joint venture , both in gaming and in other areas.





                                     Page 3
<PAGE>

                           PART II - OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K

   (a)   Exhibits
         99-1 Financial Statements as of March 31, 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:  June 14, 2002                  By:  /s/ George C. Zilba
                                                ------------------------------
                                                George C. Zilba, Director











                                     Page 4
<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 March 31, 2002 and the related condensed statements of
operations  and cash flows for the three  months  ended  March 31, 2002 and 2001
included in the  accompanying  Securities and Exchange  Commission Form 10-Q for
the  period  ended  March  31,  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 March 31, 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.
June 12, 2002


                                      F-1
<PAGE>
<TABLE>
<CAPTION>

                      NORAM GAMING AND ENTERTAINMENT, INC.
                            CONDENSED BALANCE SHEETS


                                                                     March 31,         December 31,
                                                                        2002               2001
                                                                  ---------------    ---------------
                                                                    (Unaudited)
<S>                                                               <C>                <C>

                                     ASSETS

Current Assets
  Cash                                                            $            71    $            93
  Inventory                                                                  --                 --
                                                                  ---------------    ---------------
    Total Current Assets                                                       71                 93

Property and Equipment (net)                                                 --                2,901
                                                                  ---------------    ---------------

    Total Assets                                                  $            71    $         2,994
                                                                  ===============    ===============

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

Current Liabilities
  Accounts payable                                                $        24,500    $        21,500
  Bridge loans                                                            215,000            215,000
  Note payable                                                             58,427             58,427
  Demand loans payable - related parties                                  139,936            139,936
  Accrued expenses                                                        153,967            148,846
  Due to related parties                                                  171,250            171,250
                                                                  ---------------    ---------------
    Total Current Liabilities                                             763,080            754,959
                                                                  ---------------    ---------------

Stockholders' Equity (Deficit)
Common stock, $.001 par value;  50,000,000 shares
  authorized, 26,705,298 and 26,705,298 shares
  issued and outstanding, respectively                                     26,705             26,705
Additional paid-in capital                                              2,830,849          2,830,849
Deficit                                                                (3,620,563)        (3,609,519)
                                                                  ---------------    ---------------
    Total Stockholder's Deficit                                          (763,009)          (751,965)
                                                                  ---------------    ---------------

    Total Liabilities and Stockholder's Deficit                   $            71    $         2,994
                                                                  ===============    ===============

</TABLE>

 See accompanying summary of notes to unaudited condensed financial statements.

                                      F-2
<PAGE>

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


                                               Three months ended March 31,
                                              ------------------------------
                                                    2002             2001
                                              -------------    -------------

Net Sales                                     $        --      $        --
Cost of Sales                                          --               --
                                              -------------    -------------

  Gross Profit                                         --               --
                                              -------------    -------------

Expenses
  General and administrative expenses                 3,021           55,234
  Depreciation and amortization                         364            1,114
  Interest expense                                    5,121            1,231
  Loss on disposal of fixed assets                    2,538             --
                                              -------------    -------------
    Total Expenses                                   11,044           57,579
                                              -------------    -------------

    Net Loss Before Income Taxes                    (11,044)         (57,579)

Income Taxes                                           --               --
                                              -------------    -------------

    Net Loss                                  $     (11,044)   $     (57,579)
                                              =============    =============

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

Weighted average common shares                   26,705,298       26,705,298
                                              =============    =============






 See accompanying summary of notes to unaudited condensed financial statements.

                                       F-3
<PAGE>
<TABLE>
<CAPTION>

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

                                                            Three Months ended March 31,
                                                          --------------------------------
                                                                 2002             2001
                                                          --------------    --------------
<S>                                                       <C>               <C>
Operating Activities
  Net loss                                                $      (11,044)   $      (57,579)
  Adjustments to reconcile net loss to net cash used by
    operating activities:
    Stock issued for services                                       --              55,095
    Loss on disposal of fixed assets                               2,538              --
    Depreciation                                                     364             1,114
  Changes in assets and liabilities:
    Increase in accounts payable                                   3,000              --
    Increase in accrued expenses                                   5,120               288
                                                          --------------    --------------
Net Cash Used By Operating Activities                                (22)           (1,082)
                                                          --------------    --------------

Financing Activities
    Loan proceeds                                                   --               3,500
    Loan repayments                                                 --              (2,417)
                                                          --------------    --------------
Net Cash Used By Financing Activities                               --               1,083
                                                          --------------    --------------

(Decrease) Increase in Cash                                          (22)                1

Cash, Beginning of Period                                             93               462
                                                          --------------    --------------

Cash, End of Period                                       $           71    $          463
                                                          ==============    ==============

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


</TABLE>


 See accompanying summary of notes to unaudited condensed financial statements.

                                       F-4
<PAGE>

                       NORAM GAMING & ENTERTAINMENT, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                 MARCH 31, 2002


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 three months  period  ended March 31, 2002.  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 operation  for the three  months  period ended March 31, 2002 are
not  necessarily  indicative  of the results  that may be expected  for the year
ending December 31, 2002.


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 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 March 31, 2002 the Company had a deficit in working capital of $763,009 and a
loss from operations of $11,044.

Management  feels that 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.




                                       F-5