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Nevada Gold & Casinos Inc. Message Board

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  • GREAT 10K results!!!!! $ 646,089 net income or 4 cents a share!!!

    Please read my previous post. Management has low operating expenses and the Washington Cardrooms and SD slots are in completely different areas of the county and as a result are much more isolated from the issues that plague the rest of the gaming industry.

    As you are seeing Atlantic City casinos close and others in the industry struggling under increased competition--- these results are AWESOME!!!!!

    I have to say hats off to Shaunnesey --- the guy knows how to keep costs to a minimum, maximize output. Last December the company announced the significant decrease in interest rate for their debt--and now you see the results!!!! Solid net income where virtually everyone else is hurting.

    Good luck everyone!!!!

  • IN PROFITS, GO MGT. THIS AINT NO FLL

  • I am optimistic about UWN's 10K that should be out in a couple weeks and here is why:

    1. they paid down the annual SD gaming license fee with money they had on hand (previous years they had to take out a loan). Already that means they have more money on hand now than what they had a year ago

    2. They have lower interest rate on 12.75M dollars now with new interest rate with Mutual Bank of Omaha-this will save them 700,000 annually in interest alone. This is HUGE!!

    3. South Dakota Slots, and Washington Cardrooms are not in typical gaming markets. These markets are out on their own,

    4. That said: South Dakota has proposed Constitutional Amendment Q to be on the ballot this November. Please google it. It would allow new casino floor games at Deadwood. The increase in revenue would go to Deadwood Revitalization Committee. To me this is a double win. Increasing games will increase visits to Deadwood and also improve slot revenue because of increased gaming traffic. Also money to Deadwood Revitalization Committee means that the town will improve and draw more tourists. I have said many times that Deadwood can pair off well with Mouth Rushmore if they develop it right. Constitutional Amendment Q is promising!!

    Overall i am more optimistic about Washington cardrooms, SD slots, and Nevada Gold Management (with their low corporate expenses and lower interest rate on loans) than I am with other gaming stocks in America. Will see what the future brings.

    Good Luck Everyone!!!!

  • If they had 1.3 ml. cash on hand to pay for the license fees they must did good this last Q. I would be looking for a good Q report. Normally they have a good report this Q and borrowed from Wells Fargo for the ND fees.

  • Time to buy more maybe ? http://finance.yahoo.com/news/nevada-gold-casinos-funds-south-120000590.html

    Sentiment: Strong Buy

  • When is the next quarterly report? Any idea ? Thank You !

  • Reply to

    Casinos all in trouble

    by ericknl22 Apr 18, 2014 10:33 AM

    Fortunately Nevada Gold has some of them you can reach in the Northwest. There not on the stip.

UWN
1.21+0.01(+0.60%)Jul 31 4:00 PMEDT

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