HOUSTON, Jan. 27, 2012 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) today announced that it has received approval for its state gaming license from the Nevada Gaming Commission.
"We are thrilled to have been approved for a gaming license in the state of Nevada," said Robert Sturges, Chief Executive Officer of Nevada Gold. "We believe that having a Nevada gaming license puts us in an excellent position to quickly respond and evaluate opportunities in the future for acquisitions, development opportunities or management contracts in this state." Sturges also noted, "This has been an eventful week in which we received two state gaming licenses, having received our South Dakota gaming approval earlier in the week. This is a testament to the hard work of our team in making certain our company is always able to satisfy the strict licensing standards in the gaming business."
About Nevada Gold
Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) of Houston, Texas is a developer, owner and operator of 11 gaming facilities in Colorado and Washington. The following properties are wholly owned and operated by Nevada Gold: Colorado Grande Casino in Cripple Creek, Colorado, the Crazy Moose Casinos in Pasco and Mountlake Terrace, Washington, Coyote Bob's Roadhouse Casino in Kennewick, Washington, the Silver Dollar Casinos in Seatac, Bothell and Renton, Washington, the Club Hollywood Casino located in Shoreline, Washington, the Royal Casino located in Everett, Washington, the Red Dragon Casino in Mountlake Terrace, Washington and the Golden Nugget Casino located in Tukwila, Washington. The Company has an interest in Buena Vista Development Company, LLC which is working with the Buena Vista Rancheria of Me-Wuk Indians on a Native American casino project to be developed in the city of Ione, California. On October 18, 2011, the Company signed an agreement to acquire a slot route operation in Deadwood, South Dakota which is anticipated to close during the first calendar quarter of 2012. On November 23, 2011, the Company signed an agreement to sell the Colorado Grande Casino. Closing of the transaction is expected to take place before the end of the Company's 2012 fiscal year. For more information, visit www.nevadagold.com.
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