Nevada Gold Receives South Dakota Gaming License

January 22nd, 2012 by Charlie Wiggins

Nevada Gold Receives South Dakota Gaming License

HOUSTON, Jan. 24, 2012 — Nevada Gold & Casinos, Inc. today announced that it has received approval for its state gaming license from the South Dakota Commission on Gaming.

“We continue to believe that the acquisition of AG Trucano is a very attractive opportunity for Nevada Gold. The approval for a gaming license in the state of South Dakota is one of the final steps before closing our pending acquisition,” said Robert Sturges, Chief Executive Officer of Nevada Gold. “We are delighted to have received approval from the South Dakota Commission on Gaming and appreciate the efforts of the Commission in the timely evaluation of our application.”

On October 18, 2011, the Company announced that it had signed an agreement to purchase AG Trucano, Son & Grandsons, Inc. , a slot route operator comprised of more than 900 slots based in Deadwood, South Dakota, for $5.2 million. Closing of the acquisition is subject to customary closing conditions.

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