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Black Hawk, Colorado's July Gaming Results Up

20 August 2002

COLORADO – (Press Release) -- Nevada Gold & Casinos, Inc. (Amex: UWN) announced the Black Hawk gaming market grew 8.6% in July 2002 to $46.6 million compared to $42.9 million in July 2001, as reported by the Colorado Division of Gaming.

Black Hawk's casinos generated over 72% of gaming revenue in the State in July 2002, compared to 69% in the prior year period. Statewide July gaming revenue reached $64.7 million, an increase of 4% from July 2001.

President and CEO, H. Thomas Winn, stated, "As the State's largest casino market maintains its steady growth rate, we look to continue meeting this market's ever-growing gaming demands."

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). UWN has 69% ownership of Dry Creek Casino, LLC, which is assisting the Dry Creek Rancheria 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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