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HOUSTON, May 12, 2009 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE Alternext US:UWN) has completed its previously announced acquisition of three casinos in the state of Washington. The
casinos are The Crazy Moose Casino, located in Pasco, Coyote Bob's Roadhouse Casino, located in Kennewick, and the Crazy Moose Casino, located in Mountlake Terrace in close proximity to Seattle.
"We are delighted that we were able to close the acquisition just two months after signing, which we could not have done without the excellent cooperation we received from the various regulatory agencies involved," said Robert Sturges, CEO of Nevada Gold. "This acquisition marks our entry into the Northwest market and we foresee significant growth opportunities in this region. Victor Mena has been appointed Chief Operating Officer overseeing the three casinos. We along with Victor and other members of the existing management team at each casino look forward to working with each facility to make improvements to drive future growth and profitability, while at the same time continuing to deliver a high level of guest service."
The casinos are currently generating approximately $3.0 million in cash flow annually.
For more information, visit www.nevadagold.com.
|The company owns the Colorado Grande Casino located in Cripple Creek, which consists of a casino with approximately 220 slot machines, a restaurant, and 44 parking spaces. The company also owns River Rock Casino which features 1,600 slot machines, 24 table games, and 2 restaurants. In addition, the company has 51% ownership of Route 66 Casinos.|
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