277058--7/28/2008--NEVADA_GOLD_&_CASINOS_INC

related topics
{product, candidate, development}
{debt, indebtedness, cash}
{competitive, industry, competition}
{operation, natural, condition}
{personnel, key, retain}
{acquisition, growth, future}
{loan, real, estate}
{tax, income, asset}
Financing future acquisitions may be difficult. Indebtedness could adversely affect our financial health. We will require cash to service our indebtedness and fund our gaming operations. Our ability to generate cash depends on many factors beyond our control. We face significant competition from other gaming operations that could have a material adverse effect on our future operations. We are subject to extensive governmental gaming regulation that could adversely affect us. We could be prevented from completing our current casino development projects or pursuing future development projects due to changes in the laws, regulations and ordinances (including tribal or local laws) that apply to gaming facilities or the inability of us or our key personnel, significant shareholders or joint venture partners to obtain or retain gaming regulatory licenses. We could fail to monetize recorded assets. There are significant risks in the development and management of commercial and Native American Casinos that could adversely affect our financial results. We made limited recourse loans in connection with exploring gaming or other development opportunities some of which may not be repaid. A deterioration of our relationship with an Indian tribe could cause delays in the completion of a casino development project with that Indian tribe or even force us to abandon a casino development project altogether and prevent or significantly impede recovery of our investment therein. If the NIGC elects to modify the terms of our contracts with Indian tribes or void such contracts altogether, or if an Indian tribe terminates its contract with us or fails to cooperate in making NIGC-mandated modifications to its contract, our revenues from contracts may be reduced or eliminated. If our key personnel leave us, our business could be adversely affected.

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