LV firm reports quarterly loss

Wednesday, Oct. 16, 2002 | 11:15 a.m.

Paul-Son Gaming Corp., a Las Vegas-based manufacturer and supplier of casino table game equipment, Tuesday reported a loss of $873,000, or 25 cents per share, for its first quarter ended Aug. 31 compared to a loss of $308,000, or 9 cents per share, for the same period in 2001.

Revenue for the quarter fell 17 percent, from $4.5 million in 2001 to $3.7 million in 2002. The results represent the last full quarter of operations by Paul-Son prior to its Sept. 12 merger with French gaming equipment maker Etablissements Bourgogne et Grasset S.A.

Management believes the decrease in revenues was caused by a general decline in sales due to the effects of Sept. 11.

Paul-Son also reported Benoit Aucouturier has been appointed to its board of directors. Aucouturier is the managing director of Compagnie d'Arbitrage Financier et Foncier, a family-owned investment company.

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