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Black Hawk, Colorado's Gaming Revenue Continues Growth

2 March 2001

HOUSTON, Texas –(Press Release)--March 2, 2001 -- Nevada Gold & Casinos, Inc. (OTC Bulletin Board: UWIN) reports the continued growth of the Black Hawk gaming market with January, 2001 revenue of $35.9 million or 70.5% of the state's total Adjusted Gross Proceeds (AGP) (announced by the Colorado Division of Gaming).

The numbers demonstrate an increase from January 2000 revenue of $32.8 million, or 9.5%. The State of Colorado's three gaming towns reported total gaming revenues for January 2001 of $50.9 million, with Cripple Creek reporting $9.9 million and Central City reporting $5.0 million.

``The Black Hawk and surrounding areas continue to post big jumps and clearly Colorado is positioned as a gaming venue now and for the future. We believe the City of Black Hawk will continue to demonstrate its ability to grow into a destination resort community, providing visitors additional recreational and resort experiences,'' states H. Thomas Winn, President, Nevada Gold & Casinos.

Nevada Gold & Casinos, Inc. currently owns 43% of the Isle of Capri Casino-Black Hawk in a joint venture with Isle of Capri Casinos, Inc. (Nasdaq: ISLE - news), a premier operator of middle market casinos.

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