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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>

<HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 100%; color: black">

<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>November 12, 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="vertical-align: top; width: 32%; font-weight: bold; text-align: center">Nevada</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; font-weight: bold; text-align: center">1-15517</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; 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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; width: 32%">
        <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="vertical-align: bottom; width: 36%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 32%; 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; text-align: justify">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; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font-family: Wingdings; text-align: justify">o</TD>
    <TD STYLE="width: 96%; text-align: justify">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; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font-family: Wingdings; text-align: justify">o</TD>
    <TD STYLE="width: 96%; text-align: justify">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; text-align: justify">&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; text-align: justify">o</TD>
    <TD STYLE="width: 96%; text-align: justify">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; text-align: justify">&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; text-align: justify">o</TD>
    <TD STYLE="width: 96%; text-align: justify">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; text-align: justify">&nbsp;&nbsp;</P>

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<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: 10%; font-weight: bold">Item 5.02</TD>
    <TD STYLE="width: 90%; font-weight: bold; text-align: justify">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</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-align: justify; text-indent: 0.5in">(c)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective December
1, 2012, Michael P. Shaunnessy has been appointed as President and Chief Executive Officer of Nevada Gold &amp; Casinos, Inc. (the
&ldquo;Company&rdquo;). Mr. Shaunnessy, 58, joins the Company from MGM Resorts International, one of the world&rsquo;s leading
global hospitality companies, where he served as executive vice president &ndash; operations. In that capacity, he was the chief
operating and financial officer overseeing all operations of MGM&rsquo;s Railroad Pass and Gold Strike casino hotel properties,
both in the Las Vegas, Nevada area. Prior to joining MGM, Mr. Shaunnessy served as vice president &ndash; 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 &ndash; 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 University.</P>

<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; text-indent: 0.5in">(e)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company
has entered into an Employment Agreement (the &ldquo;Agreement&rdquo;) with Mr. Shaunnessy in connection with his appointment as
the Company&rsquo;s President and Chief Executive Officer. Pursuant to the Agreement, Mr.&nbsp;Shaunnessy will commence his employment
on December 1, 2012 and will be entitled to (i)&nbsp;an annual base salary of $275,000; (ii)&nbsp;one-month of paid vacation each
year; (iii) contributions to the Company&rsquo;s savings and other retirement plans at a rate at least as great as the Company
contributes for its other senior employees; (iv) major medical and health insurance; and (v) customary reimbursement for travel
and entertainment. In addition, Mr. Shaunnessy will be eligible for annual bonuses equal to 50% of his annual salary for achieving
reasonable goals related to Company&rsquo;s profitability established in the first 30 days of the fiscal year by the Company&rsquo;s
board of directors and/or the compensation committee. During the fiscal year ending April 30, 2013, Mr. Shaunnessy will be also
eligible for a bonus of up to $50,000 payable at the discretion of the Company&rsquo;s board of directors. Pursuant to the Agreement,
effective as of the first day of his employment, Mr. Shaunnessy will also be granted an option to purchase 200,000 shares of the
Company&rsquo;s common stock at the exercise price to be equal to the closing price of the Company&rsquo;s common stock on that
day. One-third of the stock option grant will be exercisable on his first day of employment, one-third at the end of the first
year and one-third at the end of his second year of employment.</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">There is &#9;no arrangement
or understanding between Mr. Shaunnessy and any other person pursuant to which Mr. Shaunnessy was selected as President and Chief
Executive Officer. Mr. Shaunnessy has no family relationship with any officer or director of the Company or has been involved with
a related transaction or relationship as defined by Item 404(a) of Regulation S-K between the Company and him.</P>

<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; text-indent: 0.5in">The foregoing description
of the Agreement is intended to be a summary and is qualified in its entirety by reference to the document, which is attached as
Exhibit&nbsp;10.1 and is incorporated by reference herein.</P>

<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; text-indent: 0.5in">Press release dated
November 12, 2012 announcing the appointment of Mr. Shaunnessy as President and Chief Executive Officer of the Company is attached
hereto as Exhibit 99.1.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&#9;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: 4%">(d)</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 95%; text-align: justify">Exhibits. The following exhibits are furnished as part of this current Report on Form 8-K:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">10.1</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">Employment Agreement dated November 12, 2012 between Nevada Gold &amp; Casinos, Inc. and Michael P. Shaunnessy</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">99.1</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">Press Release dated November 12, 2012</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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><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-align: justify; 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>&nbsp;</TD>
    <TD COLSPAN="2">NEVADA GOLD &amp; CASINOS, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%">
        <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 STYLE="width: 4%">
        <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 STYLE="width: 45%">
        <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: November 12, 2012</TD>
    <TD STYLE="border-bottom: white 3pt solid">By:&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">/s/ Ernest E. East</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>Ernest E. East</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>Interim President</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>
    <TD STYLE="vertical-align: top; width: 7%; text-decoration: underline"><FONT STYLE="color: black"><U>Item </U></FONT></TD>
    <TD STYLE="vertical-align: top; width: 92%; text-decoration: underline">Exhibit</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.1</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">Employment Agreement dated November 12, 2012 between Nevada Gold &amp; Casinos, Inc. and Michael P. Shaunnessy</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>99.1</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">Press Release dated November 12, 2012</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>



<P STYLE="margin: 0"></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": "121195730"}, "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):
November 12, 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 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(c)	     Effective December
1, 2012, Michael P. Shaunnessy has been appointed as President and Chief Executive Officer of Nevada Gold & Casinos, Inc. (the
"Company"). Mr. Shaunnessy, 58, joins the Company 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, Nevada 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 University.
(e)	     The Company
has entered into an Employment Agreement (the "Agreement") with Mr. Shaunnessy in connection with his appointment as
the Company's President and Chief Executive Officer. Pursuant to the Agreement, Mr. Shaunnessy will commence his employment
on December 1, 2012 and will be entitled to (i) an annual base salary of $275,000; (ii) one-month of paid vacation each
year; (iii) contributions to the Company's savings and other retirement plans at a rate at least as great as the Company
contributes for its other senior employees; (iv) major medical and health insurance; and (v) customary reimbursement for travel
and entertainment. In addition, Mr. Shaunnessy will be eligible for annual bonuses equal to 50% of his annual salary for achieving
reasonable goals related to Company's profitability established in the first 30 days of the fiscal year by the Company's
board of directors and/or the compensation committee. During the fiscal year ending April 30, 2013, Mr. Shaunnessy will be also
eligible for a bonus of up to $50,000 payable at the discretion of the Company's board of directors. Pursuant to the Agreement,
effective as of the first day of his employment, Mr. Shaunnessy will also be granted an option to purchase 200,000 shares of the
Company's common stock at the exercise price to be equal to the closing price of the Company's common stock on that
day. One-third of the stock option grant will be exercisable on his first day of employment, one-third at the end of the first
year and one-third at the end of his second year of employment.
There is 	no arrangement
or understanding between Mr. Shaunnessy and any other person pursuant to which Mr. Shaunnessy was selected as President and Chief
Executive Officer. Mr. Shaunnessy has no family relationship with any officer or director of the Company or has been involved with
a related transaction or relationship as defined by Item 404(a) of Regulation S-K between the Company and him.
The foregoing description
of the Agreement is intended to be a summary and is qualified in its entirety by reference to the document, which is attached as
Exhibit 10.1 and is incorporated by reference herein.
Press release dated
November 12, 2012 announcing the appointment of Mr. Shaunnessy as President and Chief Executive Officer of the Company 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
Employment Agreement dated November 12, 2012 between Nevada Gold & Casinos, Inc. and Michael P. Shaunnessy
99.1
Press Release dated November 12, 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: November 12, 2012
By:
/s/ Ernest E. East
Ernest E. East
Interim President
INDEX TO EXHIBITS
Item
Exhibit
10.1
Employment Agreement dated November 12, 2012 between Nevada Gold & Casinos, Inc. and Michael P. Shaunnessy
99.1
Press Release dated November 12, 2012