HOUSTON, Feb. 20, 2008 (PRIME NEWSWIRE) -- Nevada Gold & Casinos, Inc. (AMEX:UWN) today announced that the Court of Appeal of the State of California, Fifth Appellate District, (the "Appeals Court") affirmed the previous ruling of the Superior Court of the State of California (the "Superior Court") regarding the suit by Rinaldo Corporation ("Rinaldo") against the Company.
On February 15, 2007 the Superior Court granted Nevada Gold's Motion for Summary Judgment, effectively disposing of Rinaldo's single remaining claim against Nevada Gold. Rinaldo subsequently appealed the dismissal of this case, and in its most recent ruling, the Appeals Court upheld the Superior Court's ruling. The ruling by the Appeals Court is subject to discretionary review by the Supreme Court of California if Rinaldo chooses to continue the appellate process.
About Nevada Gold & Casinos
Nevada Gold & Casinos, Inc. (AMEX:UWN) of Houston, Texas is a developer, owner and operator of gaming facilities and lodging entertainment facilities in Colorado and California. The Company recently reached an agreement to acquire the Horizon Casino Hotel in Vicksburg, Mississippi. Colorado Grande Casino in Cripple Creek, Colorado is wholly owned and operated by Nevada Gold. The Company also works with Native American tribes in a variety of capacities. Native American projects consist of a casino to be built in Pauma Valley, California for the La Jolla Band of Luiseno Indians and a casino to be developed by Buena Vista Development Company, LLC in the city of Ione, California for the Buena Vista Rancheria of Me-Wuk Indians. For more information, visit www.nevadagold.com
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