Nevada Gold Granted Temporary NY License
Nevada Gold & Casinos, Inc. today announced that on April 26, 2006, the New York State Racing and Wagering Board granted a temporary conditional track license to Nevada Gold NY, Inc. on behalf of Tioga Downs. The license enables Tioga Downs to continue the current construction and development schedule. Issuance of a final license is subject to compliance with various conditions. Nevada Gold & Casinos, Inc., through Nevada Gold NY, Inc., owns a 40% membership interest in American Racing and Entertainment, LLC. American Racing owns the Tioga Downs Racetrack in Nichols, New York.
John A. Arnesen, President & COO of Nevada Gold & Casinos, Inc., commented, "Receiving this temporary conditional license marks an important step in our progress at Tioga Downs. We continue to be very excited about bringing this racing and entertainment facility to the region."