Thomas Niel
Deep value, micro-cap, nano-cap

Nevada Gold & Casinos: Undervalued Assets And Strong Management, But Risk Of Minimum Wage Increase Could Impact Valuation

Nevada Gold & Casinos (NYSEMKT:UWN) (the company brands itself as Nevada Gold Casinos on its website) is an operator of casinos and other gaming operations in Washington State, South Dakota, and Nevada. With a strong management team in place, and an objective to strategically acquire gaming assets at a good price, Nevada Gold has followed a similar path as Full House Resorts (NYSEMKT:FLL) (a company which Nevada Gold's CEO, Michael P. Shaunnessy, was previously CFO).

But despite a portfolio of undervalued assets and a strong management team, the company faces risks to its operating income that may affect valuation, and therefore reduce the potential upside to the current trading price.

Summary of Operations

Nevada Gold

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