Press Release: Nevada Gold & Casinos, Inc.
July 18, 2002
HOUSTON, TX -- Nevada Gold & Casinos, Inc. (Amex: UWN) announced the Black Hawk gaming market grew 11% in June
2002 to $43.7 million compared to $39.3 million in June 2001, as reported by the Colorado Division of Gaming.
Black Hawk's casinos generated over 73% of gaming revenue in the state in June 2002, compared to 70% in the prior
year period. Statewide June gaming revenue reached $59.5 million, an increase of 6.5% from June 2001.
President and CEO, H. Thomas Winn, stated, "These numbers are a pleasant surprise considering what the State
of Colorado has been through in the past few months, and demonstrates the depth of this regional gaming market."
Nevada Gold & Casinos, Inc. of Houston, Texas is a developer of gaming properties, and has real estate interests
in Colorado, California, Nevada, and New York. UWN owns a 43% interest in The Isle of Capri-Black Hawk, a 237-room
hotel/casino about 35 miles west of Denver, through a joint venture with Isle of Capri Casinos, Inc. (Nasdaq: ISLE
- News). UWN has 51% ownership of Dry Creek Casino, LLC, which is assisting the Dry Creek Band of Pomo Indians
in developing the River Rock Casino, Alexander Valley -- planned for opening in 2002 in Sonoma County (about 70
miles north of San Francisco in the California wine country). Also, UWN has 51% ownership of Route 66 Casinos,
LLC, which is assisting the Pueblo of Laguna in the development of a Route 66-themed casino 11 miles west of Albuquerque,
New Mexico -- planned for opening in 2003.
For more information please visit UWN's website at http://www.nevadagold.com
Contact: H. Thomas Winn, President & CEO (713) 621-2245
Cynthia C. Thompson, Chairman, Advisory Board (713) 629-7400
Thomas M. Ryan/Don Duffy, Integrated Corporate Relations
(203) 222-9013
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 Indian 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.
SOURCE: Nevada Gold & Casinos, Inc.