Nevada Gold & Casinos Reports Fourth Quarter and Fiscal Year 2018 Results
NEVADA GOLD & CASINOS (UWN)
NASDAQ:AMEX Investor Relations:
nevadagold.com
Company Research
Source: GlobeNewswire
LAS VEGAS, July 26, 2018 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE MKT:UWN) today announced financial results for the fourth quarter and year ended April 30, 2018. The Company will host a conference call today at 4:30 PM ET (1:30 PM PT) to discuss these results and provide a corporate update. The financial results reflect an adjustment related to progressive liabilities for $0.6 million in fiscal 2018 and $0.2 million in the prior year which reduced casino revenue and marketing expense equally with no effect on operating income. Of this adjustment, $0.1 million related to the fourth quarter of both 2018 and 2017. FOURTH QUARTERFor the fourth quarter of fiscal 2018, the Company reported net revenues of $18.5 million compared to $19.8 million in the fourth quarter of fiscal 2017. Operating income was $0.6 million compared to $1.9 million in the prior year. Net income was $0.4 million, or $0.02 per share. Consolidated Adjusted EBITDA was $2.1 million compared to
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