Nevada Gold & Casinos to Begin Stock Buyback Program

The Board of Directors of Nevada Gold & Casinos, Inc. approved a stock buyback program, authorizing the company to buy back as many as 900,000 shares of its stock. Based on the decision, the company will be able to buy back shares periodically, through open market transactions, at prevailing prices. The board reserved the right to terminate the buyback program at any time, and the company, which owns and operates several casinos and gambling facilities, is not obligated to buy back any shares.

The Nevada Gold & Casinos Board also approved a request to change the end of the fiscal year to the last Sunday in April, to match the fiscal year of the company’s joint venture Capri-Black Hawk, LLC. Q1 2005 will be from April 1st until the last Sunday of July, in order to facilitate the transition.

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