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CASINO RESOURCE CORPORATION SECOND QUARTER RESULTS

 ELKHORN, Wis., July 6 /PRNewswire/ -- Casino Resource Corporation today announced results for the second quarter of fiscal 1993 ended March 31, 1993.
 SUMMARY OF EARNINGS
 Year-to-date
 Quarter Ended 6 months
 3/31/93 3/31/92 3/31/93 3/31/92
 Sales $1,415,954 $2,022,625 $2,743,905 $3,804,310
 Operating profit
 pre tax 82,218 171,521 7,241 73,098
 Operating profit 52,818 110,921 4,841 49,898
 Discontinued gain (loss) -- -- -- 680,546
 Net income $52,818 $110,921 $4,841 $730,444
 Earnings per share:
 On operating income $0.02 $0.07 -- $0.03
 On discontinued -- -- -- $0.41
 On net income $0.02 $0.07 -- $0.44
 Weighted avg. shares
 common post reverse
 split 2,611,587 1,656,646 2,370,755 1,651,723
 The National Association of Securities Dealers (NASD) has informed the company that it has approved the notice sent by the company under Rule 10b-17 of the Securities Exchange Act of 1934 relative to the reverse split. In addition, the NASD will inform its members of the effectiveness of the reverse split as of June 25, 1993. In connection therewith, the company has been assigned a new symbol to be used as a result of the reverse split. The company's symbol is now CSNR.U.
 -0- 7/06/93
 /CONTACT: Kris Cummings of Casino Resource Financial Relations Dept., 414-723-6660/


CO: Casino Resource Corporation ST: Wisconsin IN: CNO SU: ERN

DB -- MN007 -- 8579 07/06/93 11:19 EDT
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Publication:PR Newswire
Date:Jul 6, 1993
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