HOUSTON, April 30 /PRNewswire-FirstCall/ -- Nevada Gold & Casinos, Inc. (AMEX:UWN) announced today it is hosting an analyst day, which will include an overview and tour of the River Rock Casino in Alexander Valley, California, on the evening of Thursday, May 8, and Friday morning, May 9, 2003. The River Rock Casino is located in Sonoma County, approximately 70 miles north of San Francisco in the California wine country.

Nevada Gold & Casinos owns 69% of the Dry Creek Casino, LLC. The Dry Creek Casino, LLC was formed to assist the Dry Creek Band of Pomo Indians with the development of the River Rock casino. The Dry Creek Casino, LLC, is entitled to receive 20% of the net revenues (defined as 20% of earnings before depreciation and amortization, but after interest), beginning June 1, 2003, from the River Rock casino project for a period of five years.

The Company will post the presentation from the analyst day on its web site at www.nevadagold.com on May 9, 2003.

Nevada Gold & Casinos, Inc. of Houston, Texas is a developer of gaming properties and has real estate interests in Colorado, California, and Nevada. UWN owns a 43 percent interest in The Isle of Capri-Black Hawk L.L.C., which owns Isle of Capri Casino, a 237-room hotel/casino and Colorado Central Station Casino (both located in Black Hawk, Colorado located about 35 miles west of Denver) and Colorado Grande Casino, located in Cripple Creek, Colorado. The LLC is a joint venture with Isle of Capri Casinos, Inc. (NASDAQ:ISLE) . UWN has 69 percent ownership of Dry Creek Casino, LLC, which is assisting the Dry Creek Rancheria Band of Pomo Indians with their River Rock Casino, Alexander Valley -- in Sonoma County (about 70 miles north of San Francisco in the California wine country). Also, Nevada Gold has a 51% ownership of Route 66 Casinos, LLC, which is assisting the Pueblo of Laguna in the development of a Route 66-themed casino 11 miles west of Albuquerque, New Mexico -- planned for opening in 2003.