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IETER PLA UPDATE EDITION EDITION Vol. 5, 5, No. No. 16 16 Vol. September 1, 1, 1979 1979 September Hughes is is new new Xcor Xcor chief chief Hughes James J. J . Hughes Hugheshas has been been named named James president of Xcor International the president of Xcor International,, the parent company company of of Williams Williams ElecElecparent tronics . The The appointment appointment was was effeceffectronics. tive July July 31, 31 , and and sent sent Hughes Hughes to to the the tive president's chair chair from from his his position position as as president's chief operating operating officer officer for for the the conconchief glomerate . glomerate. Aside from from Williams, Williams , the the Xcor Xcor Aside family includes includes Choice Choice Vend, Vend , King King family Musical Instruments, Instruments, Qualitone Musical Qualitone (hearing aid aid manufacturing), manufacturing) , and and (hearing The Front Front Row Row Theatre. Theatre. The Hughes has has been been with with Xcor Xcor since since Hughes 1965 and and has has served served in in various various 1965 executive capacities. capacities. He He is is aa member member executive and the the of the the board board of of directors directors and of executive committee. committee . executive In making making the the announcement, announcement, In Louis J. J . Nicastro, Nicastro, chairman chairman of of the the Louis "This appointment board , stated : board, stated: "This appointment recognizes the the extraordinary extraordinary execuexecurecognizes tive skills demonstrated by Mr . tive skills demonstrated by Mr. Hughes as as chief chief operating operating officer, officer, Hughes James J. J. Hughes Hughes James and his his efforts efforts in in our our company's company's and return to to profitability." profitability ." return Xcor's profitability profitability soared soared in in 1978 1978 Xcor's as revenues revenues rose rose from from $104 $104 million million as in 1977 1977 to to $123 $123 million. million. The The in company's net net income income was was signifisignificompany's cantly improved, improved , as 1977's as 1977's cantly $1 ,649,000 loss loss was was turned turned into into aa $1,649,000 $5,412 ,000 gain gain in in 1978. 1978. The The $5,412,000 company assets assets are are listed listed at at slightly slightly company $68 million. million . more than than $68 more Choice Vend and Williams Williams were were Choice Vend and responsible for for the the major major portion portion of of responsible the revenue revenue increase increase as as they they the achieved significant significant unit unit sales sales gains gains achieved during the the year. year . during Flash has has best best Xcor offers offers that that Flash Xcor in dramatized Williams' Williams' capabilities capabilities in dramatized creativity , engineering , design knowcreativity, engineering, design knowhow , quality quality control, control, and and psychopsychohow, logical input. logical input. Excessive taxation taxation lethal lethal to to Louisiana Louisiana operators operators Excessive In aa state state famous famous for for its its governgovern In mental expenses, expenses, Louisiana Louisiana operaoperamental tors carry some of the heaviest tax tors carry some of the heaviest tax in the the nation. nation . burdens in burdens Consider aa New New Orleans Orleans operator operator Consider who pays pays aa thousand thousand dollars dollars to to the the who do business city for the privilege to city for the privilege to do business there . Then, Then , for for each each game game he he buys buys there. distributor-or wherever wherever from his his distributor-or from games-he must must pay pay else he he gets gets his his games-he else $90 to to $125 $125 in in sales sales or-if or-if he he finds finds $90 his way way around around that-use that-use tax. tax . his So now now our our New New Orleans Orleans operator operator So ready to to do do business? business? Not Not so. so . The The isis ready state license license fee fee must must be be paid paid for for state game . Another Another fifty fifty bucks. bucks. And And each game. each the city city isn't isn't through through yet. yet. Another Another the fifty dollar dollarlicense license fee fee per pergame. game . (And (And fifty don 't forget forget to to stick stick those those licenses licenses don't on the the game game and and hope hope somewhere on somewhere they don't don't get get ripped ripped off.) off.) they But now now he's he's off off and and running, running, But right? Wrong, Wrong , amusement amusement tax tax right? breath. Ten Ten dollars, dollars , and and not not so so breath. amusing . amusing. Finally , to to the the location location to to set set up up Finally, games for fun and profit . games for fun and profit. The bar bar owner owner isis in in aa great great mood mood The today . (Why (Why not? not? The The operator operator has has today. all the the taxes taxes on on aa machine machine just paid paid all just will take take fifty fifty that the the bar bar owner owner will that percent of of the the revenues revenues from.) from .) The The percent two businessmen businessmen trade trade cliches cliches about about two how well well the the Saints' Saints' new new offensive offensive how linemen are are offending, offending , and and "See "See y'all y'all linemen later" out out the the door door to to confront confront the the later" hand out, out, smiling state state revenue revenue man, man , hand smiling reminding our our operator operator to to pay, pay , and and reminding promptly , his his personal personal property property tax tax promptly, (about twenty twenty dollars dollars aa game). game) . (about The scene scene isis not not altogether altogether The the peculiar to to New New Orleans, Orleans, even even ifif the peculiar Saints are. are . Across Across the the nation, nation, Saints excessive licensing licensing and and tax tax structures structures excessive In are absorbing absorbing operators' operators' profits. profits. In are the August August 15 15 "State "State of of the the the Indu.stry/ Buyer's Guide" Guide" issue, issue , Industry/Buyer's PLAY METER METER will will feature feature aa comcomPLAY plete breakdown on license and tax plete breakdown on license and tax in all all fifty fifty states. states . requirements in requirements Operators are are also also trying trying to to do do Operators something about about absurd absurd taxation taxation something regulations . In In Louisiana, Louisiana , aa bill bill was was regulations. presented in in the the last last session session of of the the presented legislature which would allow operalegislature which would allow operators to to pay pay on on the the receipts receipts of of their their tors games . This tax would rep!ace the games. This tax would replace the multiple licensing licensing and and tax tax regulations regulations multiple currently enveloping enveloping the the industry industry currently In spite spite of of having having the the support support there . In there. of the the Department Department of of Revenue, Revenue , this this of bill was was defeated defeated by by aa small small margin, margin, bill its chances chances of of passing passing next next though its though year are are estimated estimated as as good. good . year