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Black Hawk Gaming Market Grows

18 April 2002

HOUSTON, Texas – (Press Release) -- Nevada Gold & Casinos, Inc. (Amex: UWN) announced the Black Hawk gaming market grew approximately 12% in March 2002 to $46.9 million compared to $41.9 million in March 2001, as reported by the Colorado Division of Gaming.

Black Hawk's casinos generated approximately 74% of gaming revenue in the state in March 2002, compared to 71% in the prior year period. Statewide March gaming revenue reached $63.6 million, an increase of 8% from March 2001.

President and CEO, H. Thomas Winn, said, ``We are quite satisfied that the Black Hawk market continues to demonstrate superior growth trends as compared to most of the regional gaming markets.''

Nevada Gold & Casinos, Inc. of Houston, TX is primarily 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).

Also, UWN has 51% ownership of Dry Creek Casino LLC, which assists the Dry Creek Band of Pomo Indians in developing their casino-planned for opening in 2002 in Sonoma County (about 70 miles north of San Francisco in the California wine country). UWN's other assets include over 850 acres on Wellesley Island, New York, and 240 acres contiguous to the City of Black Hawk, Colorado. UWN also owns approximately 30% of Restaurant Connections International, which owns Pizza Hut restaurants in Sao Paulo, Brazil.

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