Nevada Gold Receives Gaming License For Tioga Downs Racino

HOUSTON -- Nevada Gold & Casinos, Inc. (AMEX:UWN) today announced that the New York State Lottery has approved a license to operate 750 video gaming machines at Tioga Downs Raceway. The June 28,
The Tioga Downs facility.  2006 opening of the new 19,000 square foot gaming facility represents the final step of Tioga Downs. Earlier this month, Tioga Downs celebrated the opening of a new 90,000 square foot grandstand, bringing restaurants, lounges, arcades, entertainment, retail, live racing and simulcasting to the Binghamton and surrounding areas.

John Arnesen, President and Chief Operating Officer of Nevada Gold & Casinos, Inc., commented, ``The gaming facility is one of the key components of Tioga Downs, and we are very happy to mark the completion of this process with such a compelling entertainment offering. Since Tioga Downs' opening weekend we have seen attendance exceed our expectations, and we believe that the opening of our gaming facility will further enhance the appeal of this premier entertainment destination.''

Nevada Gold & Casinos, Inc., through its subsidiary Nevada Gold NY, Inc., owns a 40% membership interest in American Racing and Entertainment, LLC. American Racing owns 100% of Tioga Downs Racetrack, LLC, which owns the Tioga Downs Racetrack in Nichols, New York.