Monday, June 12, 2006

Nevada Gold & Casinos, Inc. today announced the opening of Tioga Downs
Raceway. The new harness racing and entertainment facility includes numerous
amenities, including a newly constructed 90,000 square foot grandstand
housing restaurants, lounges, arcades, entertainment, and retail, as well as
the Video Lottery Terminal (VLT) facility, which includes 750 video lottery
terminals, and is expected to open later this month. Live racing and
simulcasting begins today. John Arnesen, President and Chief Operating
Officer of Nevada Gold & Casinos, Inc., commented, ``We are delighted to
celebrate the opening of the Tioga Downs Raceway, which brings a new level
of racing and entertainment to the Binghamton and surrounding areas. With
the completion of our racing and dining facilities, we are delivering truly
exciting and dynamic entertainment options to our guests and we think they
will be as enthusiastic as we are about the many new features Tioga Downs
offers. We believe today marks a milestone for the company, as Tioga Downs
is one of many compelling projects that will be instrumental in facilitating
our growth and building shareholder value over the long term.'

Nevada Gold & Casinos, Inc., through its subsidiary Nevada Gold NY, Inc.,
owns a 40% membership interest in American Racing and Entertainment, LLC.
American Racing owns 100% of Tioga Downs Racetrack, LLC, which owns the
Tioga Downs Racetrack in Nichols, New York.