Nevada Gold & Casinos, Inc. Announces Odd-Lot Tender Offer Program

Shareholders Owning Less Than 100 Shares Can Sell Back to the Company at No

Fee



Apr 11, 2001, 01:00 ET from Nevada Gold & Casinos, Inc.

    HOUSTON, April 11 /PRNewswire/ -- Nevada Gold & Casinos, Inc.
 (OTC Bulletin Board:   UWIN) announces today a low-cost stock tender program
 allowing shareholders owning fewer than 100 shares of UWIN stock to sell their
 shares to the Company.  The voluntary program allows eligible stockholders the
 opportunity to sell all, but not less than all, of their eligible shares back
 to the Company without incurring fees.
     The program will be in effect through June 15, 2001.  The price per share
 to be paid to stockholders shall be based on the average closing price of
 Nevada Gold stock on the OTC Bulletin Board for all trading days during the
 program.
     "We feel this is beneficial to the odd-lot shareholders, because they
 avoid selling costs, and beneficial to the Company by reducing the costs
 associated with the distribution of information," states H. Thomas Winn,
 President.
     UWIN is making no recommendation to stockholders as to whether or not they
 should act upon this offer.  A letter explaining the details of the program
 will be mailed to all eligible shareholders.
 
     About Nevada Gold & Casinos, Inc:
     UWIN currently owns 43 percent of the Isle of Capri Casino-Black Hawk, the
 largest hotel casino in Colorado, through a joint venture with
 Isle of Capri Casinos, Inc. (Nasdaq:   ISLE).  The Company also owns
 approximately 240 acres of undeveloped real estate contiguous to Black Hawk,
 Colorado, which UWIN intends to develop into a master-planned resort
 community.  In addition, UWIN owns 850 acres of New York's Wellesley Island
 with plans to develop a resort site that has potential for an Indian-based
 casino.  UWIN also controls approximately 30 percent of Restaurant Connections
 International, Inc. (RCI), which owns and operates 19 Pizza Hut restaurants in
 Sao Paulo, Brazil.
     For more information about UWIN, Isle of Capri-Black Hawk and RCI, please
 visit UWIN's Web site at www.nevadagold.com.
 
     Except for historical information contained in this release, certain
 matters set forth in this press release are forward looking statements that
 are subject to risks and uncertainties, including government regulation and
 taxation, customer attendance and spending, competition, capital resources,
 general economic conditions, and other risks detailed in the Company's SEC
 reports.
 
      For more information contact:
      H. Thomas Winn, President/CEO  or   Cynthia Thompson, President/CEO
      Nevada Gold & Casinos, Inc.         Intuitive Solutions International
      713-621-2245                        713-629-7400
      Twinn@nevadagold.com                Cynthia@isiglobal.com
 
 

SOURCE Nevada Gold & Casinos, Inc.
    HOUSTON, April 11 /PRNewswire/ -- Nevada Gold & Casinos, Inc.
 (OTC Bulletin Board:   UWIN) announces today a low-cost stock tender program
 allowing shareholders owning fewer than 100 shares of UWIN stock to sell their
 shares to the Company.  The voluntary program allows eligible stockholders the
 opportunity to sell all, but not less than all, of their eligible shares back
 to the Company without incurring fees.
     The program will be in effect through June 15, 2001.  The price per share
 to be paid to stockholders shall be based on the average closing price of
 Nevada Gold stock on the OTC Bulletin Board for all trading days during the
 program.
     "We feel this is beneficial to the odd-lot shareholders, because they
 avoid selling costs, and beneficial to the Company by reducing the costs
 associated with the distribution of information," states H. Thomas Winn,
 President.
     UWIN is making no recommendation to stockholders as to whether or not they
 should act upon this offer.  A letter explaining the details of the program
 will be mailed to all eligible shareholders.
 
     About Nevada Gold & Casinos, Inc:
     UWIN currently owns 43 percent of the Isle of Capri Casino-Black Hawk, the
 largest hotel casino in Colorado, through a joint venture with
 Isle of Capri Casinos, Inc. (Nasdaq:   ISLE).  The Company also owns
 approximately 240 acres of undeveloped real estate contiguous to Black Hawk,
 Colorado, which UWIN intends to develop into a master-planned resort
 community.  In addition, UWIN owns 850 acres of New York's Wellesley Island
 with plans to develop a resort site that has potential for an Indian-based
 casino.  UWIN also controls approximately 30 percent of Restaurant Connections
 International, Inc. (RCI), which owns and operates 19 Pizza Hut restaurants in
 Sao Paulo, Brazil.
     For more information about UWIN, Isle of Capri-Black Hawk and RCI, please
 visit UWIN's Web site at www.nevadagold.com.
 
     Except for historical information contained in this release, certain
 matters set forth in this press release are forward looking statements that
 are subject to risks and uncertainties, including government regulation and
 taxation, customer attendance and spending, competition, capital resources,
 general economic conditions, and other risks detailed in the Company's SEC
 reports.
 
      For more information contact:
      H. Thomas Winn, President/CEO  or   Cynthia Thompson, President/CEO
      Nevada Gold & Casinos, Inc.         Intuitive Solutions International
      713-621-2245                        713-629-7400
      Twinn@nevadagold.com                Cynthia@isiglobal.com
 
 SOURCE  Nevada Gold & Casinos, Inc.