Nevada Gold & Casinos, Inc. Names Christopher C. Domijan - Chief Financial Officer

Business Wire, May 16, 2001

Business Editors

HOUSTON--(BUSINESS WIRE)--May 16, 2001

Nevada Gold & Casinos, Inc. (OTCBB:UWIN) announces the appointment of Christopher C. Domijan as Chief Financial Officer. Mr. Domijan's responsibilities include corporate finance and administration, banking and investor relations, and regulatory compliance for the Company and its subsidiaries.

Mr. Domijan brings over 20 years of experience in financial management including nine years as CFO for companies in the hospitality and financial services industries. Most recently, Mr. Domijan was CFO for Golf Services Group, Houston, TX, a diversified hospitality development and management company. He has participated in the development and management of golf and resort projects in excess of $100 million.

Mr. Domijan received a B.A. in Business and Economics from Rollins College, Winter Park, Florida and earned an M.B.A. in Finance from The Crummer School of Business.

H. Thomas Winn, President of Nevada Gold & Casinos, Inc. said, "The hiring of Chris Domijan as our Chief Financial Officer is another key step in attaining our future strategic growth plan. We are pleased to have Chris as part of the UWIN management team and know his managing experience and strong financial background will contribute significantly to ensuring the Company's ongoing success."

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.