Nevada Gold is Off to the Races

Nevada Gold & Casinos, Inc. (AMEX:UWN) announced that Friday's opening of Tioga Downs Raceway hosted a crowd of over 7,000 fans and invited guests. Tioga Downs is located in the Southern Tier in Nichols, New York, near Binghamton.

Eric Persson, Regional Vice President and General Manager of Tioga Downs said, ``Attendance for the weekend approached 20,000, beating even our own expectations, with attendance for Friday's opening day of racing and simulcast well over 7,000.'

The first 1,500 patrons received a free t-shirt, which were handed out within the first 40 minutes of opening. Post Time was 6:50 p.m. for Friday night's live racing and included eleven races with an average purse of $7,500. The inaugural weekend hosted 36 total races with $300,000 at stake.

On June 28, in addition to harness racing and dining, Tioga Downs, which employs approximately 350 people from the surrounding area, will feature 750 video lottery terminals.

John Arnesen, President and COO, stated, ``The atmosphere at the opening was electric and confirms our belief in this market. With the addition of VLT's later this month, we expect even greater success. We believe today marks a milestone for the company, as Tioga Downs is one of many compelling projects that will be instrumental in facilitating our growth and building shareholder value over the long term.'

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

2006-06-12