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Black Hawk, Colorado Market Grew in August

20 September 2002

HOUSTON, Texas – (Press Release) -- Nevada Gold & Casinos, Inc. (Amex: UWN) today announced that the Black Hawk gaming market grew 8.6% in August 2002 to $46.4 million compared to $42.8 million in August 2001, as reported by the Colorado Division of Gaming.

Black Hawk's casinos generated 71.8% of gaming revenue in the State of Colorado in August 2002, compared to 70.4% in the same period last year. Total gaming revenue in Colorado reached $64.7 million in August, an increase of 6.4% from August 2001.

Nevada Gold & Casinos, Inc. of Houston, Texas is a developer of gaming properties, and has real estate interests in California, Colorado, and Nevada. 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 - News). UWN has 69% ownership of Dry Creek Casino, LLC, which is assisting the Dry Creek Rancheria Band of Pomo Indians and their River Rock Casino, Alexander Valley 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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