Nevada Gold & Casinos, Inc. Retains Auctioneer to Assist in Divesting 260-Acre Parcel of Land
HOUSTON, Feb. 22, 2007 -- Nevada Gold & Casinos, Inc. (AMEX:UWN) today announced it has engaged Sheldon Good & Company, one of the country's leading real estate auction firms, to develop a real estate auction strategy for the approximately 260 acres of land it owns in Gilpin County near Black Hawk, Colorado. Nevada Gold expects Sheldon Good & Company to recommend a course of action within the next 60 days.
Chief Executive Officer Robert Sturges commented, "Our decision to retain Sheldon Good & Company represents an important step in our ongoing efforts to dispose of the company's non-core assets. We are pleased to be working with Sheldon Good, and remain committed to focusing our growth and operating strategies on those assets that hold the greatest long-term growth potential for Nevada Gold."
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.
Sheldon Good & Company is the nation's premier national real estate auctioneer. Formed in 1965, the company has auctioned over $8.5 billion in residential, commercial and industrial property throughout the U.S.
CONTACT: Nevada Gold & Casinos, Inc.
Robert B. Sturges
(713) 621-2245
Integrated Corporate Relations
Don Duffy
(203) 682-8200
