LAS VEGAS, June 28, 2013 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE MKT:UWN) ("the Company") today announced the Company's wholly-owned subsidiary, A.G. Trucano, Son & Grandsons, Inc. ("AG Trucano"), which operates a slot route in Deadwood, South Dakota, entered into a $1.5 million revolving loan with Wells Fargo Gaming Capital, LLC, an affiliate of Wells Fargo Bank, N.A. The proceeds from the loan were used for an annual device registration fee due by AG Trucano to the South Dakota Commission on Gaming ("SDCG"), in the amount of $2,000 per slot machine. Since the SDCG requires the entire fee to be paid in advance, AG Trucano has historically financed this obligation with a short-term loan. The loan from Wells Fargo represents a continuation of that practice.
Nevada Gold & Casinos Pays Annual Device Fee With Loan From Wells Fargo
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