HOUSTON, May 27, 2009 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) today announced that the expansion plans originally announced on April 9, 2009 for the Colorado Grande Casino in Cripple Creek are well underway and are currently expected to open on July 2, 2009.
"Our expansion plans are proceeding nicely at the Colorado Grande Casino and we feel that our enhanced facility will add to the overall experience at that location. We also feel that this expansion will draw more customers since the Colorado Grande is the only casino in Cripple Creek that will be adding table games to a slot-only floor. We plan to add four table games, including blackjack and roulette, additional food and beverage options, an additional street level entrance and convert our guest rooms to full service hotel rooms. We look forward to being able to provide our guests with enhanced offerings while still giving them the same level of customer service they have come to expect from our facility," said Robert Sturges, CEO of Nevada Gold.
The Company is planning to expand the facility by approximately 20%. The expansion will allow the Colorado Grande Casino to take advantage of the recently passed amendment which authorizes an increase in the bet limits, allows additional types of table games, authorizes 24-hour gaming instead of the current 18-hours and establishes a fixed tax rate.
The Colorado Grande-Cripple Creek Casino is a 6,200 square foot facility located near the center of the Cripple Creek market. The property currently consists of approximately 200 slot machines, five guest rooms and 44 parking spaces, as well as the number one restaurant in town, Maggie's.
About Nevada Gold
Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) of Houston, Texas is a developer, owner and operator of gaming facilities in Colorado, Washington and the southeastern United States. The Colorado Grande Casino in Cripple Creek, Colorado is wholly owned and operated by Nevada Gold. On May 12, 2009, NG Washington LLC, a wholly owned subsidiary of the Company, acquired three casinos in Washington State. 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. The Company also has a management contract with Oceans Casino Cruises, Inc., owner of SunCruz Casinos, the largest day cruise casino company in the United States. For more information, visit www.nevadagold.com.
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