Nevada Gold Appoints Michael Shaunnessy President and CEO

Nevada Gold & Casinos UWN today announced that Michael P. Shaunnessy has been appointed President and Chief Executive Officer of Nevada Gold, effective December 1, 2012. "Mike brings impressive experience and proven ability to lead Nevada Gold," said Chairman William J. Sherlock. "During his 30-year career in the gaming and hospitality industry, Mike has overseen the operations of both entire companies and multiple-property business units, developing and implementing strategic plans, and realigning operations to respond to changing market conditions. His track record and outstanding operational and financial skills make him the ideal person to take Nevada Gold to its next stage of development." Interim President Ernest East added, "Over the last several months, we have implemented a variety of steps to reduce Nevada Gold's cost structure and sharpen its business focus. With Mike at the helm, we look forward to expanding and accelerating that process. His experience in the acquisition, divestiture and development of all types of gaming projects is a perfect fit for Nevada Gold."