Three New Appointments to Fill Key Roles at Tioga Gaming, Racing & Entertainment
Senior Personnel Hired in Operational and Marketing Capacities
HOUSTON, March 13, 2006 -- Nevada Gold & Casinos, Inc. (AMEX:UWN) today announced three appointments filling key roles at Tioga Gaming, Racing & Entertainment, which is owned by American Racing and Entertainment, LLC. Nevada Gold owns 40% of American Racing and Entertainment, LLC.
Eric Hans Persson has been appointed Senior Vice President, General Manager. In this role he will oversee Tioga's VLT facility, harness racing track, entertainment and dining venues, all of which are slated to open in May, 2006. Mr. Persson was most recently Senior Vice President and Assistant General Manager of the Wheeling Island Racetrack and Gaming Center in Wheeling, West Virginia, where he had day-to-day responsibilities for slot machines, greyhound racing and simulcast, the hotel, seven food and beverage outlets, security and other operations. Prior to that, he held senior management positions with Harrah's Entertainment in Kansas and Las Vegas.
Dwayne Spitzer has been appointed Regional Vice President of Casino Marketing. He will be responsible for enhancing the visibility of the facility with focused and effective marketing programs. He was most recently the Vice President of Sales and Marketing for Twin Tier Hospitality. Prior to that, he was Vice President of Marketing for Turning Stone Casino Resort in New York, and held a number of senior management marketing positions with Carnival Gaming and Resorts.
Jason Settlemoir has been named Regional Vice President of Racing and Simulcasting. In this role he will oversee all racing and simulcast operations. Mr. Settlemoir was most recently the Director of Advertising for the United States Trotting Association. Prior to that, he held a variety of roles at Scioto Downs in Columbus, Ohio, including Simulcast Director, Operations Assistant, Track Announcer and Assistant Race Secretary. He also served as the Simulcast Director of the Delaware County Fair.
John Arnesen, President and COO of Nevada Gold & Casinos, Inc., commented, "Each of these talented individuals brings a significant level of operational expertise to Tioga. We are confident Eric, Dwayne and Jason will play meaningful roles in the long term success of this property, and are delighted to have them on board as we prepare to offer guests a whole new level of gaming, racing and entertainment."
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.
About Nevada Gold & Casinos
Nevada Gold and Casinos, Inc. (AMEX:UWN) of Houston, Texas is a developer, owner and operator of gaming facilities and lodging and entertainment facilities in Colorado, California, Oklahoma, New York and New Mexico. 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 40% interest in the Tioga Downs Raceway in New York State and has a management contract for the facility. The Company also works with Native American tribes in a variety of capacities from the right to lease gaming equipment to development and management of their gaming properties. Native American projects consist of River Rock Casino in Sonoma County, California, a casino to be built in Tulsa, Oklahoma for the Muscogee (Creek) Nation, 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 http://www.nevadagold.com.
