Nevada Gold shareholders approve sale

23 January 2008

HOUSTON, Texas -- (PRESS RELEASE) -- Nevada Gold & Casinos, Inc. (AMEX:UWN - News) announced that at a special meeting of shareholders held today, shareholders approved the sale of the Company's 43% membership interest in the Isle of Capri-Black Hawk LLC to Isle of Capri Casinos, which currently owns the remaining 57% interest. Under the terms of the agreement, Isle of Capri will pay Nevada Gold $64.6 million. Isle of Capri-Black Hawk, LLC owns Isle of Capri-Black Hawk and Colorado Central Station, both of which are in Black Hawk, Colorado. The transaction is expected to close within five days.

Robert Sturges, Chief Executive Officer of Nevada Gold, stated, ``We are very pleased that shareholders agreed with our Board of Directors that this transaction was in their best interest. The sale of our interest in Isle of Capri-Black Hawk to our partner will enable us to reduce our outstanding long-term debt by approximately $39 million, provide our equity investment in the Horizon Casino Hotel acquisition announced on November 13, 2007, and potentially redeploy cash into future acquisitions.'


Related Links
Nevada Gold & Casinos, Inc. Gaming Vendor Information
Isle Casino Hotel - Black Hawk Details

Featured Vendors
Intercard, Inc.
Atrient
Intercard, Inc.
The world leader in debit card technology with 30+ years of experience in over 3,500 locations
Atrient
Promotions, offers & drawings - how loyalty is rewarded.
Magenta Research
Zem Media
Magenta Research
The Leader in AV Switching and Extension.
Zem Media
Enhance the Guest Experience with Digital Signage Solutions featuring Easy-to-Use Content Management
Casino City Press
Tableswin S.r.l.
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Tableswin S.r.l.
TablesWin represents the connection between technology, design and art.
Sunkist Graphics, Inc.
Casino Network
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Tejas Slots LLC
Payline Videos
Tejas Slots LLC
Upgrade Your Gaming Equipment & Generate Texas-Sized Revenues for Your Business
Payline Videos
Custom Video Solutions for Casinos & Gambling Websites!
Rymax Marketing Services, Inc.
TribalNet
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
TribalNet
19th Annual TribalNet Conference and Tradeshow Nov 5-8, 2018 Hard Rock Hotel and Casino Las Vegas
Nathan Associates Inc.
iView Systems
Nathan Associates Inc.
One of the oldest and most respected economic consulting firms in the U.S.
iView Systems
Case management, incident, dispatch, identification and visitor reporting solutions for gaming.
Multi-Choice Cash (MCC)
Regulatory Management Counselors, P.C.
Multi-Choice Cash (MCC)
Customized Cash Access Solutions for Gaming. Helping You Maximize Cash to the Casino Floor.
Regulatory Management Counselors, P.C.
Over 35 years of experience serving the legal and regulatory needs of casino industry clients
Slot Machines Unlimited
Casino Schedule Ease
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Casino Schedule Ease
Removing the chaos from casino staff scheduling one property at a time


Your Guide to 16,310 Gaming Industry Suppliers