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Oceans Casino Cruises has ceased operations of SunCruz Casinos

CNNMoney.com,  Monday, December 21, 2009 at 1:40:04 PM

Nevada Gold & Casinos, Inc. announced Friday that Oceans Casino Cruises, Inc., owner of SunCruz Casinos, decided to cease operations of its casino cruises effective December 15, 2009. In November of 2008, Nevada Gold was engaged by Oceans Casino Cruises, Inc. to provide management services to SunCruz Casinos. Although its management contract is currently in effect its future status is uncertain.

Nevada Gold is currently in discussions to purchase selected assets from Oceans Casino Cruises, Inc. These discussions are subject to numerous conditions and there can be no assurance they will result in the purchase of any assets.

Robert Sturges, CEO of Nevada Gold stated, "We recognize these are difficult times for the employees of Oceans Casino Cruises, Inc. We hope to have the opportunity to work with these employees after our acquisition discussions are complete."

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