Nevada Gold & Casinos, Inc. Announces Judgment in Rinaldo Lawsuit
HOUSTON, Feb. 20, 2007 -- Nevada Gold & Casinos, Inc. (AMEX:UWN) today announced that on February 15, 2007 the Superior Court of the State of California granted Nevada Gold's Motion for Summary Judgment, in its litigation against the Rinaldo Corporation. The ruling, which is subject to appeal, disposes of Rinaldo's single remaining claim against Nevada Gold.
Chief Executive Officer Robert Sturges commented, "We are pleased with the Court's ruling that Rinaldo's claims were without merit and believe that the Company's actions were beyond reproach in its relationship with the Timbisha Shoshone Tribe."
About Nevada Gold & Casinos
Nevada Gold & Casinos, Inc. (AMEX:UWN) of Houston, Texas is a developer, owner and operator of gaming facilities and lodging entertainment facilities in Colorado, California, and New York. The Company owns a 43% interest in the Isle of Capri-Black Hawk LLC, which owns Isle of Capri-Black Hawk and Colorado Central Station, both of which are in Black Hawk, Colorado. Colorado Grande Casino in Cripple Creek, Colorado is wholly owned and operated by Nevada Gold. The Company owns a 25% interest in the Tioga Downs Racetrack & Vernon Downs Racetrack in New York State and has a management contract for both facilities. The Company also works with Native American tribes in a variety of capacities. Native American projects consist of River Rock Casino in Sonoma County, California, a casino to be built in Pauma Valley, California for the La Jolla Band of Luiseno Indians and a casino to be developed by Buena Vista Development Company, LLC in the city of Ione, California for Buena Vista Rancheria of Me-Wuk Indians. For more information, visit www.nevadagold.com.
