Item 1.01. Entry into a Material Definitive Agreement

On September 18, 2012, Nevada Gold & Casinos, Inc. (the "Company") and certain of its subsidiary parties thereto entered into an Amendment Number Three (the "Third Amendment") to the Credit Agreement dated October 7, 2011, as amended (the "Credit Agreement"), with Wells Fargo Gaming Capital, LLC ("WFGC"), a wholly-owned subsidiary of Wells Fargo Bank, N.A. The purpose of the Third Amendment was to amend a financial covenant related to a Fixed Charge Coverage Ratio (as defined in the Credit Agreement) from 1:33:1.00 to 1.25:1.00, due to the addition of the revolving line of credit extended by WFGC to A.G. Trucano, Son & Grandsons, Inc., the Company's wholly-owned subsidiary, on June 27, 2012.