For the year, Colorado casinos gaming win jumped 15% to $551 million. The Company holds a 43% stake in the Isle of Capri Casino in Black Hawk in a joint venture with Isle of Capri Casinos, Inc. (Nasdaq: ISLE) which owns 57%.  

Black Hawk is considered the state�s primary gaming destination. According to the city of Black Hawk, the city�s 19 casinos reported that their December 1999 AGP (gaming win) increased an impressive 29.6% from December 1998, the sixteenth consecutive month of increases of 20% or more in citywide AGP. Statewide AGP figures for December 1999 as compared to the prior month were down 12% to $41.5 million from $47.2 million.  

Recently, UWIN and ISLE celebrated the structural completion of the 237-room hotel above the existing Isle of Capri Casino - Black Hawk. The hotel is scheduled to open in early August, which will result in increased revenues to the Isle of Capri Casino - Black Hawk.

In addition to its 43% interest in Isle of Capri Casino - Black Hawk, Nevada Gold Casinos, Inc. owns approximately 240 acres of undeveloped real estate contiguous to Black Hawk, Colorado, which it intends to develop into a master-plan resort community. The Company also owns an approximate 30% interest in Restaurant Connections International, Inc. (RCI), which owns and operates 19 Pizza Hut restaurants in Sao Paulo, Brazil, and a majority interest in Vacationwish.com. Vacationwish.com is a Web site under development that will automatically match users with lodgings, special interest travel choices and content, home and timeshare exchanges, and other travel choices that closely fit all of their personal preferences to ultimately fulfill their �vacation wishes.�
 

The Isle of Capri Casino-Black Hawk is the largest casino in the state of Colorado and the closest to Denver.  It features approximate 1,100 slots and  14 gaming tables as well as 1,100 covered spaces for self-parking and valet, and three signature restaurants.  The Isle's Caribbean-themed atmosphere allows its customers to play in a tropical getaway year round. Construction for a new 237-room Isle of Capri hotel began in July 1999.  Construction is expected to take 14 months at a cost of approximately $29 million.  This will be the first major hotel in the  rapidly-growing Black Hawk market.

Architect Parkhill Ivins' rendering of the  Black Hawk Isle of Capri Hotel & Casino

Trading on the Boston Stock Exchange (BSE) began on Friday, December 10, 1999, under the symbol UWN. The Company�s stock also continues to trade on the NASD Over-the-Counter Bulletin Board under the symbol UWIN.  For more information about Nevada Gold Casinos, Inc., Isle of Capri - Black Hawk, and RCI, visit UWIN�s Web site at http://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, international currency fluctuations, and other risks detailed in the Company�s reports filed with the Securities and Exchange Commission.