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November 30, 2009

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LV equipment supplier reports quarterly loss

Monday, Oct. 15, 2001 | 9:27 a.m.

The summertime economic slowdown contributed to losses for the fiscal first quarter of a Las Vegas casino equipment manufacturer and supplier.

Paul-Son Gaming Corp. reported a loss of $281,000, 8 cents a share, on revenue of $4.5 million, compared with a loss of $267,000, 8 cents a share, on revenue of $5.3 million for the same period a year earlier for the quarter ended Aug. 31.

Paul-Son Chairman and Chief Executive Officer Eric Endy said he expects the second quarter to be affected by the further slowdown in the industry caused by the Sept. 11 terrorist attacks. He said the company has reduced selling and administrative expenses by 19 percent in a bid to improve its financial performance.

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