Filing Details

	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

	SCHEDULE 13D
	Under the Securities Exchange Act of 1934
	(Amendment No. ___)*

Nevada Gold & Casinos, Inc.

Common Stock, $0.12 par value per share

64126Q206

Shawn W. Kravetz Esplanade Capital LLC One International Place, 14th Floor Boston, MA 02110 Tel. No.: 617-502-9930

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

October 17, 2017

(Date of Event which Requires Filing of this Statement)

This Schedule 13D relates to Common Stock, par value $0.12 per share (the “Common Stock”), of Nevada Gold & Casinos, Inc., a Nevada corporation (the “Issuer”).  The address of the principal executive offices of the Issuer is 133 E Warm Springs Road, Suite 102, Las Vegas, Nevada 89119.

(a) This Schedule 13D is being filed on behalf of (i) Shawn W. Kravetz and (ii) Esplanade Capital LLC, a Delaware limited liability company (“Esplanade Capital” and, together with Mr. Kravetz, the “Reporting Persons”).  The securities reported herein are beneficially owned by Mr. Kravetz individually and Esplanade Capital in its capacity as investment manager to private investment vehicles.  Mr. Kravetz is the Managing Member and President of Esplanade Capital, and in such capacities may be deemed to indirectly beneficially own the securities reported herein, in addition to those he owns directly.

Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of his or its pecuniary interest in such shares, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for any purpose.

 

(b) The business address of each of the Reporting Persons is c/o Esplanade Capital LLC, One International Place, 14th Floor, Boston, MA 02110.

 

(c) Mr. Kravetz is the Managing Member and President of Esplanade Capital, as well as a director of the Issuer.

(d) None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e) None of the Reporting Persons has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or State securities laws or finding any violation with respect to such laws.

 

(f) See Item 6 of the respective cover page of each Reporting Person.

The Common Stock of the Issuer reported herein as being beneficially owned by the Reporting Persons were purchased using personal funds of Mr. Kravetz and working capital of the private investment vehicles for which Esplanade Capital serves as investment manager.

The Reporting Persons acquired the shares of Common Stock reported herein for investment purposes.

The Reporting Persons may acquire additional shares of Common Stock and other securities of the Issuer from time to time or may dispose of any or all of such shares or other securities held by them at any time.

The Reporting Persons intend to evaluate on an ongoing basis their investment in the Issuer and their options with respect to such investment.

The Reporting Persons reserve the right to change their purpose and to formulate and implement plans or proposals with respect to the Issuer at any time and from time to time.  Any such action may be made by the Reporting Persons alone or in conjunction with other shareholders, potential acquirers, financing sources and/or other third parties and could include one or more purposes, plans or proposals that relate to or would result in actions required to be reported herein in accordance with Item 4 of Schedule 13D.

 

Mr. Kravetz is a director of the Issuer.

(a) and (b)  See Items 7-13 of the cover pages and Item 2 above.

The percentage calculations herein are based upon the statement in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended July 31, 2017, as filed with the Securities and Exchange Commission on September 14, 2017, that there were 16,836,209 outstanding shares of Common Stock of the Issuer as of September 1, 2017.

(c)  The Reporting Persons have not engaged in any transactions in the Common Stock during the sixty day period prior to the filing of this Schedule 13D, except that Mr. Kravetz was granted a fully-vested, non-restricted award of 4,405 shares of Common Stock, valued at $2.27 per share, on October 17, 2017 in connection with his service as a director of the Issuer.

(d)  Not applicable.

(e)  Not applicable.

Not applicable.

	SHAWN W. KRAVETZ
	/s/ Shawn W. Kravetz
	Shawn W. Kravetz
	ESPLANADE CAPITAL LLC
	By: /s/ Shawn W. Kravetz
	Name: Shawn W. Kravetz
	Title: Managing Member and President