This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nevada Gold Announces Management Change; Ernest East Named Interim President

HOUSTON, Sept. 7, 2012 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE MKT:UWN) today announced that Robert B. Sturges has resigned his position as Chief Executive Officer and as a member of the Board of Directors to pursue other business interests.

The Board has named Ernest E. East, formerly Senior Vice President and General Counsel and a long-time counselor to the Board, as interim President. Mr. East will report to an oversight committee of the Board of Directors, consisting of William J. Sherlock, Chairman of the Board of Directors; Francis Ricci, Chairman of the Audit Committee; and Frank Catania, Chairman of the Compliance Committee.

Mr. Sherlock commented, "Bob has served Nevada Gold loyally and well during his tenure as CEO. The Board appreciates his many contributions and wishes him well in his future endeavors. We are very fortunate to have Ernie East, who has more than 25 years' experience in the gaming industry – including with such prominent companies as Hyatt Gaming Services and Trump Hotels and Casino Resorts – assume the duties of President on an interim basis.  Nevada Gold has a portfolio of excellent operating assets, a sound balance sheet and an exceptionally capable oversight committee. It will be business as usual until a permanent CEO is named. We have retained an executive search firm to assist us in the process of identifying the best possible candidates."

Mr. Sturges added, "I am pleased that the management team, working with the Board, successfully restructured the Company's operations and financial condition over the past six years. I am confident the Company will continue to grow and be successful."

As previously announced, Nevada Gold will host a conference call on Wednesday, September 12, 2012 at 11:00 am ET to discuss its first quarter 2013 financial results. A press release with first quarter financial results will be issued prior to the conference call. 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs