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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp; &nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C.&nbsp; 20549 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant To Section 13 or 15 (d) of the
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp; &nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report (date of earliest event
reported): </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>June 27, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp; &nbsp;&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NEVADA GOLD &amp; CASINOS, INC. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter) &nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="width: 32%; vertical-align: top; font-weight: bold; text-align: center">Nevada</TD>
    <TD STYLE="width: 2%; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 32%; vertical-align: top; font-weight: bold; text-align: center">1-15517</TD>
    <TD STYLE="width: 2%; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 32%; vertical-align: top; font-weight: bold; text-align: center">88-0142032</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">(State or other jurisdiction of incorporation or organization)</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">(Commission File Number)</TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">(I.R.S. Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 32%; vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>50 Briar Hollow Lane, Suite 500W </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Houston, Texas </B></P></TD>
    <TD STYLE="width: 36%; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 32%; vertical-align: bottom; font-weight: bold; text-align: center">77027</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(713) 621-2245 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant's telephone number, including
area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form&nbsp;8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font-family: Wingdings">o</TD>
    <TD STYLE="width: 96%">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font-family: Wingdings">o</TD>
    <TD STYLE="width: 96%">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font-family: Wingdings">o</TD>
    <TD STYLE="width: 96%">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font-family: Wingdings">o</TD>
    <TD STYLE="width: 96%">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 84px; font-weight: bold">Item 1.01.</TD>
    <TD STYLE="font-weight: bold">Entry into a Material Definitive Agreement</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On June 27, 2012, A.G.
Trucano, Son &amp; Grandsons, Inc. (&ldquo;AG Trucano&rdquo;), a wholly-owned subsidiary of Nevada Gold &amp; Casinos, Inc. (the
&ldquo;Company&rdquo;), entered into a $1.7 million revolving loan (the &ldquo;Loan&rdquo;) with Wells Fargo Gaming Capital, LLC
(&ldquo;Wells Fargo&rdquo;), an affiliate of Wells Fargo Bank, N.A. The proceeds from the Loan were used for an annual device registration
fee due by AG Trucano each year to the South Dakota Commission on Gaming in the amount of $2,000 per slot machine. AG Trucano has
historically been required to finance this obligation with a short term loan as the entire fee has to be paid in advance and the
Loan represents a continuation of that practice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Loan, which is
due on March 31, 2013, is subject to the following amortization payments: $500,000 by July 31, 2012, $400,000 by August 31, 2012,
$175,000 by September 30, 2012, $125,000 by October 31, 2012, and $100,000 by each of November 30, 2012, December 31, 2012, January
31, 2013, February 28, 2013 and March 31, 2013. The Loan bears an annual interest rate of the base rate, which equals the greater
of (a) 2.5%, (b) the Federal Reserve rate plus 1/2%, (c) the LIBOR plus 1% or (4) the prime rate charged by Well Fargo Bank, N.A.,
<U>plus</U> the margin rate of 3.5%. Upon obtaining prior consent from the sellers of AG Trucano, who became the senior lenders
of AG Trucano following its acquisition by the Company, the Loan may be extended past March 31, 2013 but in no event beyond October
7, 2014. The repayment of the Loan is secured by the assets of AG Trucano and NG South Dakota, LLC, another wholly-owned subsidiary
of the Company and the direct parent of AG Trucano, and is guaranteed by the Company and NG South Dakota, LLC. <FONT STYLE="color: black">The
terms of the </FONT>Loan<FONT STYLE="color: black"> contain, among others, customary events of default, including nonpayment of
principal when due or any interest, or fees or other amounts owing within specified grace periods, and failure to comply with certain
affirmative or negative covenants. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As a result of entering
into the Loan, on June 27, 2012, the Company, and certain of its subsidiary parties thereto, entered into an Amendment Number Two
(the &ldquo;Amendment No. 2&rdquo;) to the Credit Agreement dated October 7, 2011 with Wells Fargo, which, among other things,
permits AG Trucano to enter into the Loan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In addition, on June
27, 2012, Wells Fargo, in capacity as agent under the Loan, and Michael J. Trucano, as the representative of the sellers of AG
Trucano, entered into an Intercreditor and Subordination Agreement pursuant to which they confirmed relative priority of their
respective security interests in AG Trucano as a result of the Loan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The above
description of the material terms of the Loan, the other collateral agreements, the Amendment No. 2, and the Intercreditor
and Subordination Agreement is qualified in its entirety by reference to the full and complete terms contained in
these documents, filed as exhibits to this Current Report on Form 8-K and incorporated into this Item 1.01 by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 72px; font-weight: bold">Item 8.01.</TD>
    <TD STYLE="font-weight: bold">Other Information</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 3, 2012, the Company issued a press
release announcing the above-mentioned transaction. A copy of the press release is attached hereto as Exhibit 99.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01.&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;Financial Statements and Exhibits
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%">(d)</TD>
    <TD STYLE="width: 93%">Exhibits. The following exhibits are furnished as part of this Current Report on Form 8-K:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">10.1</TD>
    <TD STYLE="text-align: justify">Credit Agreement dated June 27, 2012 by and among Wells Fargo Gaming Capital, LLC, as administrative agent, the Lenders that are parties thereto, Nevada Gold &amp; Casinos, Inc., as parent, and A.G. Trucano, Son &amp; Grandsons, Inc., as borrower.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">10.2</TD>
    <TD STYLE="text-align: justify">Guaranty and Security Agreement dated June 27, 2012 among Nevada Gold &amp; Casinos, Inc., certain Grantors listed on the signature page and Wells Fargo Gaming Capital, LLC, in capacity as administrative agent.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">10.3</TD>
    <TD STYLE="text-align: justify">Intercompany Subordination Agreement dated June 27, 2012 by and among certain Obligors listed on the signature page in favor of Wells Fargo Gaming Capital, LLC, in capacity as administrative agent.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">10.4</TD>
    <TD STYLE="text-align: justify">Amendment Number Two to Credit Agreement dated October <FONT STYLE="color: black">7, 2011 by and among Wells Fargo Gaming Capital, LLC, in capacity as administrative agent and lender, Nevada Gold &amp; Casinos, Inc., as parent, and NG Washington, LLC, NG Washington II, LLC and NG Washington III, LLC, as borrowers.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">10.5</TD>
    <TD STYLE="text-align: justify">Intercreditor Agreement and Subordination dated June 27, 2012 by and between Wells Fargo Gaming Capital, LLC, as administrative agent, and Michael J. Trucano, as sellers&rsquo; representative.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">99.1</TD>
    <TD STYLE="text-align: justify">Press released dated July 3, 2012.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp; <B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned who is duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">NEVADA GOLD &amp; CASINOS, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: white 3pt solid">Date:&nbsp; July 3, 2012</TD>
    <TD STYLE="border-bottom: white 3pt solid">By:&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">/s. James J. Kohn</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>James J. Kohn</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>Executive Vice President and CFO</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INDEX TO EXHIBITS </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; text-decoration: underline">Item</TD>
    <TD STYLE="width: 92%; text-decoration: underline">Exhibit</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.1</TD>
    <TD STYLE="text-align: justify">Credit Agreement dated June 27, 2012 by and among Wells Fargo Gaming Capital, LLC, as administrative agent, the Lenders that are parties thereto, Nevada Gold &amp; Casinos, Inc., as parent, and A.G. Trucano, Son &amp; Grandsons, Inc., as borrower.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.2</TD>
    <TD STYLE="text-align: justify">Guaranty and Security Agreement dated June 27, 2012 among Nevada Gold &amp; Casinos, Inc., certain Grantors listed on the signature page and Wells Fargo Gaming Capital, LLC, in capacity as administrative agent.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.3</TD>
    <TD STYLE="text-align: justify">Intercompany Subordination Agreement dated June 27, 2012 by and among certain Obligors listed on the signature page in favor of Wells Fargo Gaming Capital, LLC, in capacity as administrative agent.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.4</TD>
    <TD STYLE="text-align: justify">Amendment Number Two to Credit Agreement dated October 7, 2011 by and among Wells Fargo Gaming Capital, LLC, in capacity as administrative agent and lender, Nevada Gold &amp; Casinos, Inc., as parent, and NG Washington, LLC, NG Washington II, LLC and NG Washington III, LLC, as borrowers.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.5</TD>
    <TD STYLE="text-align: justify">Intercreditor Agreement and Subordination dated June 27, 2012 by and between Wells Fargo Gaming Capital, LLC, as administrative agent, and Michael J. Trucano, as sellers&rsquo; representative.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>99.1</TD>
    <TD STYLE="text-align: justify">Press Release dated July 3, 2012.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



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{"company-data": {"conformed-name": "NEVADA GOLD & CASINOS INC", "cik": "0000277058", "assigned-sic": "7990", "irs-number": "880142032", "state-of-incorporation": "NV", "fiscal-year-end": "0424"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-15517", "film-number": "12944831"}, "business-address": {"street1": "50 BRIAR HOLLOW LANE,", "street2": "SUITE 500W", "city": "HOUSTON", "state": "TX", "zip": "77027", "phone": "(713) 621-2245"}, "mail-address": {"street1": "50 BRIAR HOLLOW LANE,", "street2": "SUITE 500W", "city": "HOUSTON", "state": "TX", "zip": "77027"}, "former-company": [{"former-conformed-name": "PACIFIC GOLD CORP", "date-changed": "19920703"}, {"former-conformed-name": "PACIFIC GOLD & URANIUM INC", "date-changed": "19860925"}]}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant To Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event
reported):
June 27, 2012
NEVADA GOLD & CASINOS, INC.
(Exact name of registrant as specified in
its charter)
Nevada
1-15517
88-0142032
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
50 Briar Hollow Lane, Suite 500W
Houston, Texas
77027
(Address of principal executive offices)
(Zip Code)
(713) 621-2245
(Registrant's telephone number, including
area code)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01.
Entry into a Material Definitive Agreement
On June 27, 2012, A.G.
Trucano, Son & Grandsons, Inc. ("AG Trucano"), a wholly-owned subsidiary of Nevada Gold & Casinos, Inc. (the
"Company"), entered into a $1.7 million revolving loan (the "Loan") with Wells Fargo Gaming Capital, LLC
("Wells Fargo"), an affiliate of Wells Fargo Bank, N.A. The proceeds from the Loan were used for an annual device registration
fee due by AG Trucano each year to the South Dakota Commission on Gaming in the amount of $2,000 per slot machine. AG Trucano has
historically been required to finance this obligation with a short term loan as the entire fee has to be paid in advance and the
Loan represents a continuation of that practice.
The Loan, which is
due on March 31, 2013, is subject to the following amortization payments: $500,000 by July 31, 2012, $400,000 by August 31, 2012,
$175,000 by September 30, 2012, $125,000 by October 31, 2012, and $100,000 by each of November 30, 2012, December 31, 2012, January
31, 2013, February 28, 2013 and March 31, 2013. The Loan bears an annual interest rate of the base rate, which equals the greater
of (a) 2.5%, (b) the Federal Reserve rate plus 1/2%, (c) the LIBOR plus 1% or (4) the prime rate charged by Well Fargo Bank, N.A.,
plus
the margin rate of 3.5%. Upon obtaining prior consent from the sellers of AG Trucano, who became the senior lenders
of AG Trucano following its acquisition by the Company, the Loan may be extended past March 31, 2013 but in no event beyond October
7, 2014. The repayment of the Loan is secured by the assets of AG Trucano and NG South Dakota, LLC, another wholly-owned subsidiary
of the Company and the direct parent of AG Trucano, and is guaranteed by the Company and NG South Dakota, LLC.
The
terms of the
Loan
contain, among others, customary events of default, including nonpayment of
principal when due or any interest, or fees or other amounts owing within specified grace periods, and failure to comply with certain
affirmative or negative covenants.
As a result of entering
into the Loan, on June 27, 2012, the Company, and certain of its subsidiary parties thereto, entered into an Amendment Number Two
(the "Amendment No. 2") to the Credit Agreement dated October 7, 2011 with Wells Fargo, which, among other things,
permits AG Trucano to enter into the Loan.
In addition, on June
27, 2012, Wells Fargo, in capacity as agent under the Loan, and Michael J. Trucano, as the representative of the sellers of AG
Trucano, entered into an Intercreditor and Subordination Agreement pursuant to which they confirmed relative priority of their
respective security interests in AG Trucano as a result of the Loan.
The above
description of the material terms of the Loan, the other collateral agreements, the Amendment No. 2, and the Intercreditor
and Subordination Agreement is qualified in its entirety by reference to the full and complete terms contained in
these documents, filed as exhibits to this Current Report on Form 8-K and incorporated into this Item 1.01 by reference.
Item 8.01.
Other Information
On July 3, 2012, the Company issued a press
release announcing the above-mentioned transaction. A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01.      Financial Statements and Exhibits
(d)
Exhibits. The following exhibits are furnished as part of this Current Report on Form 8-K:
10.1
Credit Agreement dated June 27, 2012 by and among Wells Fargo Gaming Capital, LLC, as administrative agent, the Lenders that are parties thereto, Nevada Gold & Casinos, Inc., as parent, and A.G. Trucano, Son & Grandsons, Inc., as borrower.
10.2
Guaranty and Security Agreement dated June 27, 2012 among Nevada Gold & Casinos, Inc., certain Grantors listed on the signature page and Wells Fargo Gaming Capital, LLC, in capacity as administrative agent.
10.3
Intercompany Subordination Agreement dated June 27, 2012 by and among certain Obligors listed on the signature page in favor of Wells Fargo Gaming Capital, LLC, in capacity as administrative agent.
10.4
Amendment Number Two to Credit Agreement dated October
7, 2011 by and among Wells Fargo Gaming Capital, LLC, in capacity as administrative agent and lender, Nevada Gold & Casinos, Inc., as parent, and NG Washington, LLC, NG Washington II, LLC and NG Washington III, LLC, as borrowers.
10.5
Intercreditor Agreement and Subordination dated June 27, 2012 by and between Wells Fargo Gaming Capital, LLC, as administrative agent, and Michael J. Trucano, as sellers' representative.
99.1
Press released dated July 3, 2012.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned who is duly authorized.
NEVADA GOLD & CASINOS, INC.
Date:  July 3, 2012
By:
/s. James J. Kohn
James J. Kohn
Executive Vice President and CFO
INDEX TO EXHIBITS
Item
Exhibit
10.1
Credit Agreement dated June 27, 2012 by and among Wells Fargo Gaming Capital, LLC, as administrative agent, the Lenders that are parties thereto, Nevada Gold & Casinos, Inc., as parent, and A.G. Trucano, Son & Grandsons, Inc., as borrower.
10.2
Guaranty and Security Agreement dated June 27, 2012 among Nevada Gold & Casinos, Inc., certain Grantors listed on the signature page and Wells Fargo Gaming Capital, LLC, in capacity as administrative agent.
10.3
Intercompany Subordination Agreement dated June 27, 2012 by and among certain Obligors listed on the signature page in favor of Wells Fargo Gaming Capital, LLC, in capacity as administrative agent.
10.4
Amendment Number Two to Credit Agreement dated October 7, 2011 by and among Wells Fargo Gaming Capital, LLC, in capacity as administrative agent and lender, Nevada Gold & Casinos, Inc., as parent, and NG Washington, LLC, NG Washington II, LLC and NG Washington III, LLC, as borrowers.
10.5
Intercreditor Agreement and Subordination dated June 27, 2012 by and between Wells Fargo Gaming Capital, LLC, as administrative agent, and Michael J. Trucano, as sellers' representative.
99.1
Press Release dated July 3, 2012.