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Black Hawk, Colorado Market Grew 11% in June

17 July 2002

COLORADO – (Press Release) --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). 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.

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