March 29, 1983

An opera listing in The Guide on Sunday gave an incorrect location for a concert by the New York Lyric Opera scheduled for Thursday at 8 P.M. It will take place at the Fashion Institute of Technology, 227 W. 27th St.

The largest bingo parlor in the West looms above the mesquite and cactus of the Yaqui Indian Reservation like a desert mirage: a 20,000-square-foot cinderblock building that cost $1 million to build and seats as many as 1,300 players at a time. Since the tribe started the operation two months ago, more than 800 people a night, most of them the elderly or blue-collar workers from Tucson, have crowded the giant hall to compete for regular nightly prizes of nearly $12,000. The stakes are three times higher than what local church or nonprofit charity bingo games are allowed to offer off the reservation because, under a 1981 Supreme Court decision involving a Florida case, the state does not have the authority to regulate many activities on the federally governed reservations. Like a growing number of Indian tribes around the nation, the Yaquis have turned to bingo as a way of bringing jobs and money, perhaps more than $1 million a year, to their poverty-stricken reservation. By some estimates, as many as 40 tribes from Maine to California have begun high-stakes bingo operations in the last 18 months, and dozens more are planning their own operations.

The makers of electronic chips, after suffering through poor sales last autumn and early winter, appear to be in the first stage of a recovery. Semiconductor companies, as well as their suppliers and independent distributors, say orders have been climbing moderately since the start of the year. The growth, however, parallels a similar, although less robust, rise in orders at this time last year. That rise expired by midsummer. As a result, many executives say they are wary of raising production rates too rapidly.

An article about the National Invitation Tournament in SportsMonday yesterday gave an incorrect schedule for the final evening of play, tomorrow at Madison Square Garden. There will only be a championship game. No consolation game is scheduled.

The Paradyne Corporation lost a fifth of its market value in heavy trading yesterday, after charges were filed by the Securities and Exchange Commission on Friday accusing the company of fraudulently obtaining a $100 million Government contract and of failing to make proper disclosures to shareholders. Paradyne, based in Largo, Fla., was the most actively traded issue on the New York Stock Exchange, closing for the day at 27 3/4, down 7 3/8, after trading as low as 25 5/8 earlier in the day. Trading had been halted all day Friday. The commission, in a civil complaint filed in United States District Court in Tampa, Fla., said Paradyne had obtained a contract to supply the Social Security Administration with a computer network by demonstrating fake models of its computers. The computer was actually a competitor's machine with Paradyne's name on it; a related device was ''nothing more than an empty box with blinking lights,'' the commission said.