Nevada Gold to Host Annual Meeting of Shareholders

• Press Release
• Source: Nevada Gold & Casinos, Inc.
• On 8:30 am EDT, Wednesday October 14, 2009

HOUSTON, Oct. 14, 2009 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) announced that the Company will be hosting its annual meeting of shareholders at 3:00pm CT today, October 14, 2009.

Related Quotes

Symbol	Price	Change
UWN	0.97	-0.03

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The presentation that will be used during the annual meeting of shareholders will be posted on Nevada Gold's website, www.NevadaGold.com, under the "Investor Relations" section at the start time of the meeting.

"We are very pleased with the accomplishments made in the past year and most recently the results at the Colorado Grand Casino, which continues to benefit from the recent expansion of our gaming operation in response to the rule changes that went into effect in July. We continue to expect that property to generate record cash flow for our fiscal year ending April of 2010. Our Washington casinos, which were acquired in May 2009, continue to meet our expectations with regard to business volumes and operating expenses while our hold percentages have been below historic levels. We expect these percentages to normalize in the months ahead. Our management team remains focused on vetting additional acquisition opportunities as the market for smaller casino properties remains attractive, but we will remain disciplined in our approach," said Robert Sturges, CEO of Nevada Gold.

Forward-Looking Statements

This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain additional gaming and other projects. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.

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, the Crazy Moose Casino in Pasco, Washington, the Coyote Bob's Roadhouse Casino in Kennewick, Washington and the Crazy Moose Casino in Mountlake Terrace, Washington are wholly owned and operated by Nevada Gold. 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.

The Nevada Gold & Casinos, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1552

Nevada Gold & Casinos, Inc.
Robert B. Sturges, CEO or Jim Kohn, CFO
(713) 621-2245
ICR
Don Duffy
(203) 682-8200