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International Guild of Hospitality & Restaurant Managers
3040 Post Oak Blvd., Suite 675
Houston, TX 77056
Phone: (713) 621-2245
Fax: (713) 621-6919
Employees (last reported count): 12
Nevada Gold & Casinos,
Inc., founded in 1977, is a developer of gaming properties, and has real estate
interests in Colorado, California, Nevada and New York.
Isle of Capri Black Hawk
The Company is a 43% owner of a joint venture named Isle of Capri-Black Hawk,
L.L.C. (IC-BH), with Isle of Capri Casinos, Inc. (Isle). IC-BH operates the Isle
of Capri - Black Hawk Casino (the Casino) and a hotel on the Black Hawk
property. Isle manages the Casino under an agreement for a fee based upon a
percentage of the Casino's revenues and operating profit. The Casino, with a
101,000-square-foot floor plate, is a hotel/casino gaming facility in Colorado.
The Casino is strategically located at the entrance to Black Hawk. The Casino
features 1,144 slot machines, 14 blackjack tables, three restaurants, an event
center, and a 1,100-space covered parking garage. A 237-room hotel on top of the
Casino opened in July 2000.
Isle of Capri Black Hawk Casino competes with Hyatt, Riviera Black Hawk, Mardi
Gras, Harvey's Wagon Wheel Casino Hotel, Colorado Central Station, Canyon
Casino, Fitzgerald's Black Hawk and The Lodge Casino. The Casino's closest
competition is Colorado Central Station and Riviera, which are both located at
the intersection of Mill and Main Streets across from the Casino.
Dry Creek Casino
In August 2001, the Company formed Dry Creek Casino, L.L.C. (the LLC). The LLC,
of which the Company owns 51%, was formed to assist the Dry Creek Band of Pomo
Indians with the development and financing of its River Rock Casino located
approximately 70 miles north of the San Francisco Bay area, in Sonoma County,
California.
The Dry Creek Band of Pomo Indians is a federally recognized Indian tribe and
has entered into a gaming compact with the Governor of California that
authorizes the tribe to conduct Class III gaming. It is expected that the
casino, which will be managed and operated by the tribe, will ultimately consist
of approximately 60,000 square feet with 1,600 gaming devices, 16 table games
(including Blackjack and the popular Pai Gow), an indoor-outdoor patio, dining
and entertainment venues.
When opened, the Dry Creek casino will compete with other Indian casinos located
in northern California. The Hopland Sho-Ka-Wah casino is located within 35 miles
of the Dry Creek Rancheria, and the Konocti Vista Casino is located within 45
miles of Dry Creek Rancheria.
Route 66 Casino
In June 2002, Route 66 Casinos, L.L.C. (Route 66), of which the Company is a 51%
owner, was formed to assist the Laguna Development Corp., a federally chartered
corporation, which is wholly owned by the Pueblo of Laguna tribe (the LDC), with
the design, development and financing of a casino located in New Mexico (Route
66 Casino). In exchange for its services, Route 66 will obtain the exclusive
right to lease gaming equipment to the LDC for a period of five years for the
Route 66 Casino. The gaming equipment agreements include a five-year contract
for 1,250 gaming devices to be placed in the Route 66 Casino, a one-year
contract for 100 gaming devices in the existing temporary casino, and a contract
that runs through February 2004 for 45 gaming devices in the existing Dancing
Eagle Casino. The 100 gaming devices will be moved to the Route 66 Casino upon
completion and are included in the 1,250 gaming device contract. Route 66
expects to receive, on average, approximately 16% of gross revenue from the
gaming contracts, based on current projections. LDC currently operates the
Dancing Eagle Casino and the Rio Puerco temporary casino.
When completed, the 165,000-square-foot casino will be located 11 miles west of
Albuquerque at the easternmost extent of the Laguna Pueblo on I-40. It is
expected to include 1,250 slot machines, 20 table games, a 750-seat bingo area,
2,800-seat theatre/entertainment/special events venue, a cabaret lounge,
multiple food and beverage outlets, retail outlets, plus ample paved parking for
trucks and automobiles.
The Dancing Eagle Casino, the Rio Puerco temporary casino, and Route 66 Casino,
will compete with other Indian casinos. There are several casinos within 50
miles of the current facilities, including the Sky City Casino, Casino Sandia,
Isleta Casino & Resort, Santa Ana Star Casino, San Felipe Casino Hollywood and
The Downs at Albuquerque.
Disclaimer:
The data included within the Financial section is solely for information
and does not construe a recommendation and/or endorsement by IGHRM or its
members to invest funds with any of the companies listed. You are strongly
advised
to obtain professional advice with qualified individuals or corporations for any
investments of funds.
© 1999-2001 International Guild of Hospitality and Restaurant Managers
Inc. All rights reserved.
ighrm@hospitalityguild.com