Nevada Gold Appoints Michael P. Shaunnessy President and Chief Executive
HOUSTON, Nov. 12, 2012 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE
MKT:UWN) today announced that Michael P. Shaunnessy has been appointed
President and Chief Executive Officer of Nevada Gold, effective December 1,
"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
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."
Mr. Shaunnessy stated, "I look forward to working with Nevada Gold's team to
optimize the performance of the company's existing portfolio of assets. I also
look forward to exploring new revenue opportunities that will complement
Nevada Gold's current gaming properties and diversify its revenue stream. With
its newly acquired Nevada gaming license, the company has put in place a
strong foundation for growth. I am excited about the opportunities for
building on that foundation for the benefit of Nevada Gold's shareholders and
Mr. Shaunnessy, 58, joins Nevada Gold from MGM Resorts International, one of
the world's leading global hospitality companies, where he served as executive
vice president – operations.In that capacity he was the chief operating and
financial officer overseeing all operations of MGM's Railroad Pass and Gold
Strike casino hotel properties, both in the Las Vegas area.
Prior to joining MGM, Mr. Shaunnessy served as vice president – administration
of Monarch Casino Resorts, Inc. and executive vice president, chief financial
officer and director of Full House Resorts, Inc., both publicly listed casino
companies. During his seven years with Full House Resorts, he guided the
company in relocating its offices from San Diego to Las Vegas and assessing
all investments, operations and development projects.
Earlier in his career, Mr. Shaunnessy was vice president – finance for
Primadonna Resorts, Inc., a Nevada-based casino and hospitality company, and
served in various capacities with Aztar Corporation, formerly Ramada, Inc. A
certified public accountant, he earned a B.A. in Business Administration from
Lewis University and an M.S. in Accountancy from Northern Illinois
About Nevada Gold
Nevada Gold & Casinos, Inc. (NYSE MKT:UWN) is a developer, owner and operator
of 10 gaming operations in the state of Washington and a 950-machine slot
route operation in Deadwood, South Dakota. The Company also has a gaming
license in Nevada and an interest in Buena Vista Development Company, LLC, a
Native American casino project to be developed in Ione, California. The
Company has announced that it is relocating its corporate headquarters to Las
Vegas, Nevada from Houston, Texas during the first quarter of 2013. For more
information, visit www.nevadagold.com.
The Nevada Gold logo is available at
This release contains forward-looking statements, which are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. We use words such as "anticipate," "believe," "expect," "future,"
"intend," "plan," and similar expressions to identify forward-looking
statements. Forward-looking statements include, without limitation, our
ability to increase income streams, to grow revenue and earnings, and to
obtain additional gaming and other projects. These statements are only
predictions and are subject to certain risks, uncertainties and assumptions,
which are identified and described in the Company's public filings with the
Securities and Exchange Commission.
CONTACT: Nevada Gold & Casinos, Inc.
Ernest East, Interim President
Harriet Fried / Jody Burfening
Nevada Gold Logo
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