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Black Hawk Colorado's August Gaming Results

24 September 2001

HOUSTON, Texas –- (Press Release) -- Sept. 24, 2001 -- Nevada Gold & Casinos, Inc. (OTC Bulletin Board: UWIN -) announces the continued growth of the Black Hawk gaming market with August 2001 revenues of $42.7 million as reported by the Colorado Division of Gaming. That's up just slightly over July 2001 and up 14.9% over August 2000's $37.2 last year.

Black Hawk provides over 70% of the market share of the state's gaming industry, so not surprisingly the state enjoyed an excellent month as well. Colorado-wide AGP was over $60.7 million, up 9.7% from last August's $55.3 million.

President and CEO, H. Thomas Winn, said, ``We are pleased that our summer ended on an upward swing and look forward to the fall numbers exceeding last year's, as well.''

About Nevada Gold & Casinos, Inc:

UWIN currently owns 43 percent of the Isle of Capri Casino-Black Hawk, the largest hotel casino in Colorado, through a joint venture with Isle of Capri Casinos, Inc. (Nasdaq: ISLE) he Company also owns approximately 240 acres of undeveloped real estate contiguous to Black Hawk, Colorado, which UWIN intends to develop into a master-planned resort community. UWIN also owns 51% of Dry Creek Casino, LLC, who with its other members, are assisting the Dry Creek Band of Pomo Indians with the development of their wholly-owned temporary casino in Sonoma County, California. In addition, UWIN owns 850 acres of New York's Wellesley Island, with plans to develop an upscale resort. UWIN also controls approximately 30 percent of Restaurant Connections International, Inc. (RCI), which owns and operates 19 Pizza Hut restaurants in Sao Paulo, Brazil.

For more information about UWIN, please visit UWIN's Web site at www.nevadagold.com

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