LV casino supplier reports quarterly loss

Tuesday, Jan. 16, 2001 | 11:31 a.m.

Paul-Son Gaming Corp. of Las Vegas continued to operate in the red in the quarter ending Nov. 30, though its losses narrowed compared to the year-ago quarter.

Paul-Son reported a net loss of $466,000, or 14 cents per share, an improvement over the loss of $1.13 million, or 33 cents per share, reported in the year-ago quarter. Sales rose 4 percent to $5.1 million.

The company blamed a "sluggish climate" of few casino openings and expansions compared to previous years. Chairman and Chief Executive Eric Endy said Paul-Son remains focused on the reduction of overhead expenses in an effort to restore the company to profitability.

Paul-Son is a manufacturer and supplier of casino table game equipment.

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