Nevada Gold & Casinos finds new corporate home in Las Vegas

LAS VEGAS -- Nevada Gold & Casinos, Inc. announced Tuesday it's closing its corporate headquarters in Houston and will move to Las Vegas, a decision the gaming company expects will reduce costs by more than $750,000 annually.

The move is expected to be completed by early next year, according to a company executive.

"With Las Vegas as our new home, we will improve our access to acquisition opportunities and our participation in industry developments," said Ernest East, interim president of Nevada Gold. "Also, the move permits us to more fully leverage opportunities arising from our recent approval for a gaming license in the state of Nevada."

Nevada Gold in January was granted its gaming license, allowing it to complete its acquisition of a minority stake in The Nugget in Reno.