UWIN Announces Stock Buy-Back Plan

Apr 05, 2001, 01:00 ET from Nevada Gold & Casinos, Inc.

    HOUSTON, April 5 /PRNewswire/ -- Nevada Gold & Casinos, Inc.
 (OTC Bulletin Board:   UWIN) today announced that its Board of Directors has
 approved a plan for the repurchase of up to 500,000 shares of the company's
 common stock.
     Nevada Gold's repurchase of shares, based on share price and availability,
 will take place over the next several weeks, principally in open market
 transactions, or in privately negotiated transactions in accordance with
 applicable securities and other laws, including Rule 10b-18 of the Securities
 Exchange Act of 1934.  Depending on market conditions and other factors, such
 purchases may be commenced or suspended at any time without prior notice.
     "Our stock repurchase plan gives us the opportunity to demonstrate to our
 shareholders our commitment to maximize shareholder value.  UWIN's stock is
 substantially undervalued and this is a good use of the company's resources,"
 states H. Thomas Winn, President.
     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 5 /PRNewswire/ -- Nevada Gold & Casinos, Inc.
 (OTC Bulletin Board:   UWIN) today announced that its Board of Directors has
 approved a plan for the repurchase of up to 500,000 shares of the company's
 common stock.
     Nevada Gold's repurchase of shares, based on share price and availability,
 will take place over the next several weeks, principally in open market
 transactions, or in privately negotiated transactions in accordance with
 applicable securities and other laws, including Rule 10b-18 of the Securities
 Exchange Act of 1934.  Depending on market conditions and other factors, such
 purchases may be commenced or suspended at any time without prior notice.
     "Our stock repurchase plan gives us the opportunity to demonstrate to our
 shareholders our commitment to maximize shareholder value.  UWIN's stock is
 substantially undervalued and this is a good use of the company's resources,"
 states H. Thomas Winn, President.
     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.