BNET Industries

Market Cap:$13.1M
Last Fiscal Year Sales:$6.7M
  • Public
  • US
Dow Jones Description

Nevada Gold & Casinos, Inc., a Nevada corporation, was formed in 1977 and, since 1994 has been primarily a gaming company involved in financing, developing, owning and operating gaming projects. Commercial Gaming Projects . We own and operate the Colorado Grande Casino in Cripple Creek, Colorado . From July 1997 through January 27, 2008, we held a 43% interest in Isle of Capri - Black Hawk, LLC ("IC-BH") which owned and operated two commercial casino properties in Black Hawk, Colorado - the Isle of Capri-Black Hawk Casino and Colorado Central Station Casino. On January 27, 2008, we sold our membership interest to our partner, Isle of Capri Casinos, Inc. ("Isle"). From November 2005 through June 14, 2007, we held an equity investment in American Racing and Entertainment, L.L.C. ("American Racing") which was formed to pursue racing and gaming opportunities in the State of New York. In addition, we had an agreement with American Racing to manage the two racing and gaming facilities owned by American Racing. In April 2007, we entered into a Letter Agreement for the sale of our interest in American Racing to two of our joint venture partners. The sale was completed on June 14, 2007. Our ownership percentage was initially 50% and was reduced over time to 15.67% at the date of the sale. In November 2007 we signed a Purchase and Sale Agreement to acquire the Horizon Casino and Hotel in Vicksburg, Mississippi from Tropicana Entertainment. ...

Number of Employees 89
Contact Information

3040 Post Oak Blvd Ste 675

Houston, Texas 77056

nevadagold.com

(713) 621-2245

NAICS Code Other Gambling Industries: 713290

Recent Events

  • Nevada Gold Announces Election of William J. Sherlock as Chairman of the Board

    11/02/09 - Board Member - Entering - View Story

  • Nevada Gold Announces First Quarter 2010 Financial Results

    9/10/09 - Financial Announcement - View Story

  • UWN: Management Comments on Financial Results and Amended Credit Facility

    7/09/09 - Financial Announcement - View Story

News & Analysis

nevada gold & casinos inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Robert B. Sturges CEO
Ernest E. East General Counsel, Senior Vice President & Chief Compliance Officer
Jay Kohn James Cfo
Jim Kohn Chief Financial Officer
Mike Ngai Vice President & Chief Accounting Officer
DONALD A BRENNAN Senior Vice President, Development
Paul J. Burkett Vice President
Francis M. Ricci Director
Frank Catania Director
William G. Jayroe Director

Board of Directors

Name (plus bio) Position
John M. Gallaway Board of Directors
Joseph A. Juliano Chairman, Nevada Gold & Casinos, Inc, Senior Vice President, Entertainment Division
Lane Briar Hollow Board of Directors
Michael Ricci Francis Board of Directors
Wayne H. White Board of Directors
William J. Sherlock Board of Directors

Organization Position Status
Nevada Gold & Casinos, Inc. CEO Current
Continental Hospitality Holdings LLC Partner Current
Nevada Gold & Casinos, Inc. General Counsel Current
Nevada Gold & Casinos, Inc. Board of Directors Current
Benihana Inc. Board Member Current
Casinos Director Former
The Casino Company Director Former
Dartmouth College Former

Organization Position Status
Nevada Gold & Casinos, Inc. General Counsel, Senior Vice President & Chief Compliance Officer Current

Organization Position Status
Nevada Gold & Casinos, Inc. Cfo Current

Organization Position Status
Nevada Gold & Casinos, Inc. Chief Financial Officer Current
Detroit Entertainment, LLC Chief Financial Officer Former
The Casino Company Vice President Former
Financial Analysis Board of Directors Former
Penn National Gaming, Inc. Board of Directors Former

Organization Position Status
Nevada Gold & Casinos, Inc. Vice President & Chief Accounting Officer Current

Organization Position Status
Nevada Gold & Casinos, Inc. Senior Vice President, Development Current
Southern Methodist University MBA Former
Cornell University Bachelor's Degree In Hotel and Restaurant Administration Former

PAUL J. BURKETT, age 83. Mr. Burkett has served as a director since October 1988 and as Vice President of the Company since January 1994. Mr. Burkett served as our President from 1991 until January 1994. Mr. Burkett has been involved in the real estate and mining industry for over forty years. Since August 1999, Mr. Burkett has served as President of Goldfield Resources, Inc., one of our wholly owned subsidiaries. His business for the past five years has concentrated on independent mining and real estate ventures. In addition, Mr. Burkett serves as Chairman of the Board of Trustees of the Joshua Tree Retreat Center, a 400-acre retreat located in Joshua Tree, California.

Organization Position Status
Nevada Gold & Casinos, Inc. Vice President Current
Nevada Gold & Casinos, Inc. President Former
Nevada Gold & Casinos, Inc. Board of Directors Former

Organization Position Status
Nevada Gold & Casinos, Inc. Director Current
Deloitte Touche Tohmatsu audit specialist Former
University of Montana MBA Former
University of Montana BS In Accounting Former

Organization Position Status
Catania Consulting Group, Inc President Current
Catania & Associates Lawyer Current
Empire Resorts, Inc. Principal at Catania Consulting Group Current
Catania Consulting Group, Inc Principal Current
Gaminglawmasters Attorney Current
Nevada Gold & Casinos, Inc. Principal of Catania Consulting Group Current
Nevada Gold & Casinos, Inc. Director Current
Catania Consulting Group, Inc Owner Former
Empire Resorts, Inc. Board of Directors Former
Seton Hall University J.D. Former
Seton Hall University School of Law J.D. Former
Rutgers College B.A. Former

Organization Position Status
Nevada Gold & Casinos, Inc. Board of Directors Current
Tropicana Hotel President Former
Caesars Palace Vice President of Hotel Operations Former
Tropicana Hotel General Manager Former
Sun International Deputy Managing Director of Gaming Former

Organization Position Status
Nevada Gold & Casinos, Inc. Chairman, Nevada Gold & Casinos, Inc, Senior Vice President, Entertainment Division Current
PepsiCo, Inc. Vice President - Current
PepsiCo, Inc. Executive Current
Nevada Gold & Casinos, Inc. Chairman of The Board of Directors Current
Pepsi-Cola North America Senior Vice President Former
St. John's University MBA In Marketing Former
St. John's University BS Former

Organization Position Status
Nevada Gold & Casinos, Inc. Board of Directors Current

Organization Position Status
Nevada Gold & Casinos, Inc. Board of Directors Current

Mr. White has served as a director since July 2003. From 1983 until his retirement in July 2002, Mr. White was an investment banker. Most recently, from 1996 until July 2002, Mr. White served as a member of the corporate finance department of Wells Fargo Securities. His duties included working on public and private offerings of equity, private placements of equity, merger and acquisitions, and the rendering of fairness opinions. Mr. White's specialties were leisure industry sectors, including casinos, casino suppliers and restaurants. Mr. White received his BS in political science from the University of Utah, and his law degree from Hastings College of the Law in San Francisco. Mr. White has been a member of the Board of Directors of The Cheesecake Factory, Incorporated since 1992.

Organization Position Status
Nevada Gold & Casinos, Inc. Board of Directors Current
The Cheesecake Factory Incorporated Board of Directors Current
The Cheesecake Factory Incorporated Director Former
Wells Fargo Securities Board of Directors Former
University of Utah BS In Political Science Former
Hastings College Degree Former
Hastings College of the Law Degree Former
Wells Fargo Securities Member Former

Organization Position Status
Nevada Gold & Casinos, Inc. Director Current
Nevada Gold & Casinos, Inc. President & CEO, Hunter International Partners, Llc Former
Digitalconsulting Senior Vice President Former

Mr. Sherlock is a hospitality and casino industry veteran of 35 years. From 1997 to 2000 he was Chief Operating Officer and from 2000 to 2006 he was Chief Executive Officer of Foxwoods Resort & Casino in Mashantucket, Connecticut, one of the world's largest casinos. He currently serves as a Board member of Foxwoods Development Company and acts as a gaming consultant. Mr. Sherlock has been President/CEO for the past 15 years in various high profile casino/hotel properties including New York, New York Hotel & Casino, Las Vegas, Nevada, the Flamingo Hilton in Laughlin, Nevada and the Reno Hilton, Reno, Nevada. Mr. Sherlock is a Business Administration graduate of the University of South Carolina.

Organization Position Status
Foxwoods Development Company, LLC Board Member Current
Nevada Gold & Casinos, Inc. Board of Directors Current
Foxwoods Resort Casino Chief Executive Officer Former
University of South Carolina Former

Executive News

  • UWN: Management Comments on Financial Results and Amended Credit Facility

    TradingMarkets - 7/09/09 - View Story

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     UWN $1.02 +0.05 (5.15% )
Average Volume 37,509
Shares Outstanding 12.94M
Market Cap 13.2M
Year High 1.5
Year Low 0.38
Earnings Per Share -0.31
P/E Ratio -3.29
Dividend N/A
Yield N/A
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