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        D.C.&#160; 20549 </strong></font></div>
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        REPORT</strong></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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        of Report (date of earliest event reported): </strong></font></div>
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        </font></div>
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        7, 2005</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
        </font></div>
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                  Employer Identification No.) </font></div>
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                  Post Oak Blvd., Suite 675</strong></font></div>
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                  Texas </strong></font></div>
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                  of principal executive offices) </font></div>
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                  </font></div>
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                  Code) </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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        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>
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</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Written
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        230.425) </font></div>
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</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Soliciting
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</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
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        240.14d-2(b)) </font></div>
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</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
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        240.13e-4(c)) </font></div>
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              <td width="5%"><strong><font size="2">Item&nbsp;5.02.&nbsp;</font></strong></td>
              <td width="95%"><strong><font size="2">Departure of Directors or
                Principal
                Officers; Election of Directors; Appointment of Principal
                Officers.</font></strong></td>
            </tr>

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      <div align="center">&#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"><strong><u>Employment
        of Alan Greenstein as Senior Vice President and Chief Financial Officer
</u></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nevada
        Gold &amp; Casinos, Inc. (the &#8220;Company&#8221;) issued a press release on December 7,
        2005 announcing the hiring of Alan Jay Greenstein, 46, as its Senior Vice
        President and Chief Financial Officer, effective immediately. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A
        copy of
        the press release issued by the Company announcing Mr. Greenstein&#8217;s appointment
        is attached hereto as Exhibit 99.1. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        material terms of Mr. Greenstein's employment agreement with the Company
        are as
        follows: </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
        Greenstein's agreement is effective December 7, 2005, and he will report
        to work
        no later than December 15, 2005. The initial term of the agreement is from
        December 15, 2005 through December 14, 2010. Mr. Greenstein's initial base
        salary is $225,000. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
        Greenstein will participate in an annual bonus program to be developed that
        will
        provide the opportunity for an annual bonus based upon achievement of financial
        and strategic goals to be established each year. The bonus potential ranges
        from
        40% of his then-current annual salary for achieving 95% of the target plan
        to
        100% of his then-current salary if 125% of the target plan is achieved. Mr.
        Greenstein also is granted an option to purchase 50,000 shares of stock in
        the
        Company, at an exercise price equal to the fair market value of the stock
        determined as of the date of the agreement. Of that grant, 10,000 shares
        immediately vest and the remaining 40,000 shares vest at a rate of 10,000
        per
        year on each anniversary date of the agreement, if Mr. Greenstein is still
        employed on such date. The options expire on the fifth anniversary date of
        the
        Employment Agreement and are subject to the terms and conditions of the
        Company's stock option plan. Mr. Greenstein will also receive certain benefits
        related his relocation, including reimbursement of the consequential costs
        of
        selling his current home and moving to his new home, as well as receiving
        temporary housing for a period of six-months. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        agreement provides for termination by the Company without Cause or by Mr.
        Greenstein in the event of a Change of Control. In either case, Mr. Greenstein
        will be paid the total salary, annual bonus, vacation and fringe benefits
        remaining during the term. In addition, any stock options granted but not
        vested
        immediately become vested. If the Company terminates Mr. Greenstein's employment
        for Cause, the agreement provides for a payment of only salary, vacation,
        and
        fringe benefits through the date of termination, and any unvested stock options
        are forfeited. Finally, the agreement contains provisions protecting the
        Company's confidential information and precluding Mr. Greenstein from competing
        with the Company for a period of one year following the termination of his
        employment. </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"><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"><strong>Item
        9.01. Financial Statements and Exhibits.</strong></font></div>
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          <tr valign="top" style="LINE-HEIGHT: 1.25">
            <td align="right" style="WIDTH: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)&#160;&#160;</font></td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibits.
                The following exhibits are furnished as part of this current Report
                on
                Form 8-K:</font></div>
            </td>
          </tr>

      </table>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; 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"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
        Release dated December 7, 2005 </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 108pt; 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="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div><br>
      <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>SIGNATURE</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><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">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. </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;
        </font></div>
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
        <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

            <tr valign="top" bgcolor="#ffffff">
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td colspan="2">
                <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">NEVADA
                  GOLD &amp; CASINOS, INC.</font></div>
              </td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td>
                <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;
                  December 9, 2005 </font></div>
              </td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/&#160;H.
                Thomas Winn </font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td colspan="2"><font style="FONT-FAMILY: Times New Roman" size="1">&#160;</font></td>
              <td align="left">
                <hr style="COLOR: #000000" align="left" noshade size="2" width="80%">
                <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">H.
                  Thomas Winn</font></div>
              </td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td>
                <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>

        </table><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </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>INDEX
        TO EXHIBITS</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>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="13%" style="BORDER-BOTTOM: #ffffff thin solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Item</u></font></div>
              </td>
              <td align="left" valign="top" width="61%" style="BORDER-BOTTOM: #ffffff thin solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibit</u></font></div>
              </td>
              <td align="left" valign="top" width="4%">&#160;</td>
            </tr>
            <tr>
              <td valign="top" width="13%">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</font></div>
              </td>
              <td align="justify" valign="top" width="61%">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                  Release dated December 7, 2005</font></div>
              </td>
              <td align="left" valign="top" width="4%">&#160;</td>
            </tr>

        </table>
      </div>
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        of
        Filing</font></div>
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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": "051255973"}, "business-address": {"street1": "3040 POST OAK BLVD", "street2": "STE 675", "city": "HOUSTON", "state": "TX", "zip": "77056", "phone": "7136882211"}, "mail-address": {"street1": "3040 POST OAK BLVD", "street2": "SUITE 675", "city": "HOUSTON", "state": "TX", "zip": "77056"}, "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):
DECEMBER
        7, 2005
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 5.02.
Departure of Directors or
                Principal
                Officers; Election of Directors; Appointment of Principal
                Officers.
Employment
        of Alan Greenstein as Senior Vice President and Chief Financial Officer
Nevada
        Gold & Casinos, Inc. (the "Company") issued a press release on December 7,
        2005 announcing the hiring of Alan Jay Greenstein, 46, as its Senior Vice
        President and Chief Financial Officer, effective immediately.
A
        copy of
        the press release issued by the Company announcing Mr. Greenstein's appointment
        is attached hereto as Exhibit 99.1.
The
        material terms of Mr. Greenstein's employment agreement with the Company
        are as
        follows:
Mr.
        Greenstein's agreement is effective December 7, 2005, and he will report
        to work
        no later than December 15, 2005. The initial term of the agreement is from
        December 15, 2005 through December 14, 2010. Mr. Greenstein's initial base
        salary is $225,000.
Mr.
        Greenstein will participate in an annual bonus program to be developed that
        will
        provide the opportunity for an annual bonus based upon achievement of financial
        and strategic goals to be established each year. The bonus potential ranges
        from
        40% of his then-current annual salary for achieving 95% of the target plan
        to
        100% of his then-current salary if 125% of the target plan is achieved. Mr.
        Greenstein also is granted an option to purchase 50,000 shares of stock in
        the
        Company, at an exercise price equal to the fair market value of the stock
        determined as of the date of the agreement. Of that grant, 10,000 shares
        immediately vest and the remaining 40,000 shares vest at a rate of 10,000
        per
        year on each anniversary date of the agreement, if Mr. Greenstein is still
        employed on such date. The options expire on the fifth anniversary date of
        the
        Employment Agreement and are subject to the terms and conditions of the
        Company's stock option plan. Mr. Greenstein will also receive certain benefits
        related his relocation, including reimbursement of the consequential costs
        of
        selling his current home and moving to his new home, as well as receiving
        temporary housing for a period of six-months.
The
        agreement provides for termination by the Company without Cause or by Mr.
        Greenstein in the event of a Change of Control. In either case, Mr. Greenstein
        will be paid the total salary, annual bonus, vacation and fringe benefits
        remaining during the term. In addition, any stock options granted but not
        vested
        immediately become vested. If the Company terminates Mr. Greenstein's employment
        for Cause, the agreement provides for a payment of only salary, vacation,
        and
        fringe benefits through the date of termination, and any unvested stock options
        are forfeited. Finally, the agreement contains provisions protecting the
        Company's confidential information and precluding Mr. Greenstein from competing
        with the Company for a period of one year following the termination of his
        employment.
Item
        9.01. Financial Statements and Exhibits.
(c)
Exhibits.
                The following exhibits are furnished as part of this current Report
                on
                Form 8-K:
99.1
Press
        Release dated December 7, 2005
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: 
                  December 9, 2005
By:
/s/ H.
                Thomas Winn
H.
                  Thomas Winn
Chief
                  Executive Officer
INDEX
        TO EXHIBITS
Item
Exhibit
99.1
Press
                  Release dated December 7, 2005
End
        of
        Filing