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Nevada Gold & Casinos Announces CFO Transition; James D. Meier Named Vice President, CFO and Secretary

LAS VEGAS, Nov. 3, 2014 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE MKT: UWN) today announced that James J. Kohn has resigned as Chief Financial Officer and Secretary of the Company.

James D. Meier, a seasoned financial and casino industry executive has joined the Company as Vice President, Chief Financial Officer and Secretary effective immediately.

Mr. Meier, 50, had been employed by Full House Resorts, Inc. since 2004, serving in executive positions most recently as Vice President of Strategic Planning and Financial Analysis and previously as Chief Financial Officer and initially as Controller. A certified public accountant, he has also held financial and accounting positions in various Nevada based gaming operations. Mr. Meier is a graduate of Minnesota State University and was awarded an M.S. in Hotel Administration from the University of Nevada, Las Vegas.

James Kohn will continue to be employed by the Company through the duration of his employment agreement to assist in a smooth transition of responsibilities.

CEO Michael P. Shaunnessy commented, "During his eight year tenure with the Company Jim Kohn played an instrumental role in the strategic transformation and repositioning of Nevada Gold. We are grateful for his many contributions and appreciate his dedicated service and wish him great success in his future endeavors."

Forward-Looking Statements

This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain additional gaming and other projects. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.

About Nevada Gold & Casinos

Nevada Gold & Casinos, Inc. (NYSE MKT:UWN) of Las Vegas, Nevada is a developer, owner and operator of 10 gaming operations in Washington (wagoldcasinos.com) and a slot route operation in Deadwood, South Dakota (dakotaplayersclub.com). The Company also has a social gaming application, Gold Star Slots, available on Facebook or from the Apple App Store, and a gaming license in Nevada. For more information, visit www.nevadagold.com.

CONTACT: Nevada Gold & Casinos, Inc. Michael P. Shaunnessy (702) 685-1000

Source:Nevada Gold & Casinos, Inc.