Nevada Gold & Casinos acquires mini-casino No. 10

May 23, 2011 8:20 PM

Nevada Gold & Casinos Inc. (UWN), whose management decided months ago to shed all non-gaming assets so it could concentrate on its gaming activities, has developed into the "king" of the mini-casinos.

On Monday, the company announced it had acquired the Red Dragon mini-casino in Mountlake Terrace, Wash., for $1.25 million.

The purchase means Nevada Gold & Casinos Inc. will own the only two mini-casinos in Mountlake Terrace and will count some 10 mini-casinos in its inventory.

The company is based in Houston, Texas.

Shares in the company are lightly-traded. At closing Monday, the shares were listed at $1.27 each.