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Smallest San Diego Casino to Expand

12 August 2004

SAN DIEGO, California – As reported by the Associated Press: "A Texas company will help a tribe with San Diego County's smallest casino build a $25 million hotel and casino offering more than 10 times the number of slots.

"Nevada Gold and Casinos Inc., a Houston-based casino developer, will develop and manage a 75-room hotel and casino for the La Jolla Band of Luiseno Indians in north San Diego County. The casino will have a dozen game tables and 349 slots.

"…Nevada Gold will manage the expanded casino in exchange for 23 percent of pretax revenues over the next five years. The deal can be renewed for two more years.

"The tribe also will pay Nevada Gold 2 percent of the total development costs of the project. .."

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