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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES</strong></font></div>
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      AND EXCHANGE COMMISSION </strong></font></div>
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      D.C.&#160; 20549 </strong></font></div>
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      </font></div>
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      8-K </strong></font></div>
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      REPORT</strong></font></div>
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      </font></div>
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      To Section 13 or 15 (d) of the </strong></font></div>
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      Exchange Act of 1934 </strong></font></div>
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      </font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Date
      of Report (date of earliest event reported): </strong></font></div>
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      </font></div>
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      9, 2006</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
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      </font><a name="FIS_UNIDENTIFIED_TABLE"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></a></div>
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      GOLD &amp; CASINOS, INC. </strong></font></div>
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      name of registrant as specified in its charter) </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
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      </font></div>
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                </strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(I.R.S.
                Employer Identification No.) </font></div>
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      </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
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                Post Oak Blvd., Suite 675</strong></font></div>
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                Texas </strong></font></div>
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                </font></div>
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            <td valign="bottom" width="35%">
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                </font></div>
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                Code) </font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(713)
      621-2245</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
      the
      appropriate box below if the Form&#160;8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions: </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Written
      communications pursuant to Rule&#160;425 under the Securities Act (17 CFR
      230.425) </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Soliciting
      material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
      communications pursuant to Rule&#160;14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b)) </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
      communications pursuant to Rule&#160;13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c)) </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      2.01</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Completion
      of Acquisition or Disposition of Assets</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      May
      2002, Nevada Gold &amp; Casinos, Inc. entered into an Amended and Restated
      Operating Agreement with American Heritage, Inc., d/b/a The Gillmann Group
      (the
      "Gillmann Group"), which established a Limited Liability Company that is 51%
      owned by the Company and 49% owned by the Gillmann Group. The Limited Liability
      Company is called Route 66 Casinos, LLC. The Gillmann Group had several
      contracts with the Laguna Development Corporation ("LDC"), a federally chartered
      corporation wholly-owned by the Pueblo of Laguna. The contracts included gaming
      equipment leases ("Equipment Leases") between the Gillmann Group and the LDC.
      The Equipment Leases were for a 5 year term commencing in September, 2003.
      Route
      66 Casinos, LLC expected to receive on average approximately 16% of gross
      revenue from the gaming devices subject to the Equipment Leases over the 5-year
      term. Pursuant to the terms of the Amended and Restated Operating Agreement,
      Nevada Gold is entitled to receive 50% of the net revenues of Route 66 Casinos,
      LLC. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
      have
      been in litigation since October 2002 with the Gillmann Group and have brought
      breach of contract and other claims related to the Gillmann Group&#8217;s repudiation
      of the Amended and Restated Operating Agreement. Trial was scheduled for
      February 13, 2006 in Harris County, Texas (</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Nevada
      Gold &amp; Casinos, Inc. v. American Heritage, Inc., et al. </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(No.
      2002-51378)), but has been continued as a result of the Gillmann Group&#8217;s
      counsel&#8217;s conflicting trial commitments elsewhere in an unrelated matter. The
      litigation is described in Part II - Item 1 of our most recent Form 10-Q for
      the
      quarter ended October 23, 2005.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
      have
      recently learned, through discovery in the litigation, that in November, 2005
      the Gillmann Group, without our knowledge or consent, sold to the LDC the gaming
      devices and other equipment and property leased to the LDC and received $21
      million, less certain adjustments. According to testimony taken on February
      4,
      2006, after liens on the gaming devices were paid off, the Gillman Group
      received the net amount of approximately $12.0 million. The Equipment Leases
      were terminated in connection with the transaction.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      January 30, 2006, we obtained a Temporary Restraining Order freezing the
      proceeds of the sale of the equipment and other property subject to the
      Equipment Leases. A Temporary Injunction hearing was scheduled for February
      13,
      2006, to determine whether the Temporary Restraining Order should be extended
      until the conclusion of the trial. Because of the same scheduling conflicts
      that
      caused the postponement of the trial, the Defendants agreed to extend the
      duration of the Temporary Restraining Order until they are able to participate
      in a Temporary Injunction Hearing. The Court accepted Defendants&#8217; agreement to
      extend the duration of the Temporary Restraining Order.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
      reported, including in footnote 3 to our consolidated financial statements
      for
      the quarter ended October 23, 2005, we have estimated our share of operational
      activities of Route 66 Casinos, LLC and have recorded such amounts using the
      equity method of accounting because we do not receive current revenue and
      expense information from the venture as a consequence of the ongoing litigation.
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Effective
      with Route 66 Casinos, LLC's calendar quarter ended September 30, 2005, we
      will
      discontinue the recording of any estimated earnings related to Route 66 Casinos,
      LLC due to the sale and the termination of the Equipment Leases. </font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
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      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. </font></div>
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                GOLD &amp; CASINOS, INC.</font></div>
            </td>
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            <td align="left" valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:&#160;
                February 9, 2006 </font></div>
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                </font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                H. Thomas Winn </font></div>
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                </font></div>
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                Thomas Winn</font></div>
            </td>
          </tr>
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            <td align="left" valign="top" width="37%">
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                </font></div>
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                </font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chief
                Executive Officer </font></div>
            </td>
          </tr>

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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):
FEBRUARY
      9, 2006
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.)
3040
                Post Oak Blvd., Suite 675
Houston,
                Texas
77056
(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
      2.01
Completion
      of Acquisition or Disposition of Assets
In
      May
      2002, Nevada Gold & Casinos, Inc. entered into an Amended and Restated
      Operating Agreement with American Heritage, Inc., d/b/a The Gillmann Group
      (the
      "Gillmann Group"), which established a Limited Liability Company that is 51%
      owned by the Company and 49% owned by the Gillmann Group. The Limited Liability
      Company is called Route 66 Casinos, LLC. The Gillmann Group had several
      contracts with the Laguna Development Corporation ("LDC"), a federally chartered
      corporation wholly-owned by the Pueblo of Laguna. The contracts included gaming
      equipment leases ("Equipment Leases") between the Gillmann Group and the LDC.
      The Equipment Leases were for a 5 year term commencing in September, 2003.
      Route
      66 Casinos, LLC expected to receive on average approximately 16% of gross
      revenue from the gaming devices subject to the Equipment Leases over the 5-year
      term. Pursuant to the terms of the Amended and Restated Operating Agreement,
      Nevada Gold is entitled to receive 50% of the net revenues of Route 66 Casinos,
      LLC.
We
      have
      been in litigation since October 2002 with the Gillmann Group and have brought
      breach of contract and other claims related to the Gillmann Group's repudiation
      of the Amended and Restated Operating Agreement. Trial was scheduled for
      February 13, 2006 in Harris County, Texas (
Nevada
      Gold & Casinos, Inc. v. American Heritage, Inc., et al.
(No.
      2002-51378)), but has been continued as a result of the Gillmann Group's
      counsel's conflicting trial commitments elsewhere in an unrelated matter. The
      litigation is described in Part II - Item 1 of our most recent Form 10-Q for
      the
      quarter ended October 23, 2005.
We
      have
      recently learned, through discovery in the litigation, that in November, 2005
      the Gillmann Group, without our knowledge or consent, sold to the LDC the gaming
      devices and other equipment and property leased to the LDC and received $21
      million, less certain adjustments. According to testimony taken on February
      4,
      2006, after liens on the gaming devices were paid off, the Gillman Group
      received the net amount of approximately $12.0 million. The Equipment Leases
      were terminated in connection with the transaction.
On
      January 30, 2006, we obtained a Temporary Restraining Order freezing the
      proceeds of the sale of the equipment and other property subject to the
      Equipment Leases. A Temporary Injunction hearing was scheduled for February
      13,
      2006, to determine whether the Temporary Restraining Order should be extended
      until the conclusion of the trial. Because of the same scheduling conflicts
      that
      caused the postponement of the trial, the Defendants agreed to extend the
      duration of the Temporary Restraining Order until they are able to participate
      in a Temporary Injunction Hearing. The Court accepted Defendants' agreement to
      extend the duration of the Temporary Restraining Order.
As
      reported, including in footnote 3 to our consolidated financial statements
      for
      the quarter ended October 23, 2005, we have estimated our share of operational
      activities of Route 66 Casinos, LLC and have recorded such amounts using the
      equity method of accounting because we do not receive current revenue and
      expense information from the venture as a consequence of the ongoing litigation.
Effective
      with Route 66 Casinos, LLC's calendar quarter ended September 30, 2005, we
      will
      discontinue the recording of any estimated earnings related to Route 66 Casinos,
      LLC due to the sale and the termination of the Equipment Leases.
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: 
                February 9, 2006
By:
/s/
                H. Thomas Winn
H.
                Thomas Winn
Chief
                Executive Officer
End
      of
      Filing