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Tioga Downs Opens Gaming Facility with Record Breaking Numbers

HOUSTON, Texas – (PRESS RELEASE) -- Nevada Gold & Casinos, Inc. (AMEX:UWN) today announced that Tioga Downs opened the new 19,000 square foot gaming facility on July 4, 2006. Approximately 10,000 visitors enjoyed 750 video gaming machines achieving $343.00 win per unit. The facility's other entertainment offerings opened last month with a new 90,000 square foot grandstand, restaurants, lounges, arcades, entertainment, retail, live racing and simulcasting. The grand opening celebration of Tioga Downs gaming will be on July 10, 2006. Tioga Downs is located in the Southern Tier in Nichols, New York, near Binghamton.

John Arnesen, President and Chief Operating Officer of Nevada Gold & Casinos, Inc., commented, ``Tioga Downs gaming opened beyond our expectations. We received great reviews by the customers and we anticipate a robust summer as we introduce our gaming product to the marketplace. We believe gaming makes this facility a complete entertainment experience with harness racing, live entertainment, great food, and now gaming.'

Nevada Gold & Casinos, Inc., through its subsidiary Nevada Gold NY, Inc., owns a 40% membership interest in American Racing and Entertainment, LLC. American Racing owns 100% of Tioga Downs Racetrack, LLC, which owns the Tioga Downs Racetrack in Nichols, New York.

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