-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CvKZMoPw5tZ3CPdqA3bA8T56THDbll5ySjXy/sH+Rq4nc77ET2NpXrR6AubN07ZE A+JrwoHYnJpJWXHPK4xliA== 0000911420-06-000483.txt : 20060803 0000911420-06-000483.hdr.sgml : 20060803 20060803162839 ACCESSION NUMBER: 0000911420-06-000483 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20060803 DATE AS OF CHANGE: 20060803 GROUP MEMBERS: CHANNEL PARTNERSHIP II, LP GROUP MEMBERS: NELSON OBUS GROUP MEMBERS: WYNNEFIELD CAPITAL MANAGEMENT, LLC GROUP MEMBERS: WYNNEFIELD CAPITAL, INC. GROUP MEMBERS: WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. GROUP MEMBERS: WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I GROUP MEMBERS: WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEVADA GOLD & CASINOS INC CENTRAL INDEX KEY: 0000277058 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 880142032 STATE OF INCORPORATION: NV FISCAL YEAR END: 0424 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-39796 FILM NUMBER: 061002398 BUSINESS ADDRESS: STREET 1: 3040 POST OAK BLVD STREET 2: STE 675 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 7136882211 MAIL ADDRESS: STREET 1: 3040 POST OAK BLVD STREET 2: SUITE 675 CITY: HOUSTON STATE: TX ZIP: 77056 FORMER COMPANY: FORMER CONFORMED NAME: PACIFIC GOLD CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PACIFIC GOLD & URANIUM INC DATE OF NAME CHANGE: 19860925 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WYNNEFIELD PARTNERS SMALL CAP VALUE LP CENTRAL INDEX KEY: 0000899083 IRS NUMBER: 133688497 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: SUITE 4720 CITY: NEW YORK STATE: NY ZIP: 10119 BUSINESS PHONE: 2127600814 MAIL ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: SUITE 4720 CITY: NEW YORK STATE: NY ZIP: 10119 SC 13G 1 d1202454.htm NEVADA GOLD & CASINOS, INC.

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

SCHEDULE 13G

Nevada Gold & Casinos, Inc.

------------------------------------------------------------------------------

(Name of Issuer)

Common Stock, $0.12 Par Value Per Share

-------------------------------------------------------------------------------

(Title of Class of Securities)

64126Q206

------------------------------------------------------------------------------

(CUSIP Number of Class of Securities)

July 28, 2006

------------------------------------------------------------------------------

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule

is filed:

o RULE 13d-1(b)

x RULE 13d-1(c)

o RULE 13d-1(d)

 

 

 


 

 

CUSIP NO. 64126Q206                                                                                         Page 2 of 11

---------------------------------------------------------------------------------------------------------------------

1) Name And I.R.S. Identification No. Of Reporting Person

Wynnefield Partners Small Cap Value, L.P. 13-3688497

-------------------------------------------------------------------------------

2) Check The Appropriate Box If A Member Of A Group (See Instructions)

 

(a)

 

 

(b)x Reporting person is affiliated with other persons

-------------------------------------------------------------------------------

3) SEC Use Only

-------------------------------------------------------------------------------

4) Citizenship Or Place Of Organization: Delaware

-------------------------------------------------------------------------------

NUMBER OF SHARES

5) Sole Voting Power:

207,500 Shares

BENEFICIALLY OWNED

--------------------------------------------

BY EACH REPORTING

6) Shared Voting Power

 

PERSON WITH

--------------------------------------------

7) Sole Dispositive Power:

207,500 Shares

--------------------------------------------

8) Shared Dispositive Power

-------------------------------------------------------------------------------

9) Aggregate Amount Beneficially Owned By Each Reporting Person :

207,500 Shares

-------------------------------------------------------------------------------

10) Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares |_|

(See Instructions)

-------------------------------------------------------------------------------

11) Percent of Class Represented by Amount in Row (9):

1.6%

-------------------------------------------------------------------------------

12) Type of Reporting Person (See Instructions) PN

-------------------------------------------------------------------------------

 

 

 


 

 

CUSIP NO. 64126Q206                                                                                      Page 3 of 11

---------------------------------------------------------------------------------------------------------------------

1) Name and I.R.S. Identification No. of Reporting Person (entities only)

Wynnefield Partners Small Cap Value, L.P. I

13-3953291

-------------------------------------------------------------------------------

2) Check the Appropriate Box If a Member of a Group (See Instructions)

(a)

(b) x Reporting Person is affiliated with other persons

-------------------------------------------------------------------------------

3) SEC USE ONLY

-------------------------------------------------------------------------------

4) Citizenship or Place of Organization: Delaware

-------------------------------------------------------------------------------

NUMBER OF SHARES

5) Sole Voting Power:

300,300 Shares

BENEFICIALLY OWNED

---------------------------------------------

BY EACH REPORTING

6) Shared Voting Power

 

PERSON WITH

---------------------------------------------

7) Sole Dispositive Power:

300,300 Shares

---------------------------------------------

8) Shared Dispositive Power

-------------------------------------------------------------------------------

9) Aggregate Amount Beneficially Owned by Each Reporting Person:

300,300 Shares

-------------------------------------------------------------------------------

10) Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares |_|

(See Instructions)

-------------------------------------------------------------------------------

11) Percent of Class Represented by Amount in Row (9):

2.3 %

-------------------------------------------------------------------------------

12) Type of Reporting Person: PN

-------------------------------------------------------------------------------

 

 

 


 

 

CUSIP NO. 64126Q206                                                                                      Page 4 of 11

---------------------------------------------------------------------------------------------------------------------

1) Name and I.R.S. Identification No. of Reporting Person (entities only)

Wynnefield Small Cap Value Offshore Fund, Ltd. (No IRS Identification No.)

-------------------------------------------------------------------------------

2) Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

(b) x Reporting person is affiliated with other persons

-------------------------------------------------------------------------------

3) SEC USE ONLY

-------------------------------------------------------------------------------

4) Citizenship or Place of Organization: Cayman Islands

-------------------------------------------------------------------------------

NUMBER OF SHARES

5) Sole Voting Power:

334,000 Shares

BENEFICIALLY OWNED BY

---------------------------------------------

EACH REPORTING

6) Shared Voting Power

 

PERSON WITH

---------------------------------------------

7) Sole Dispositive Power:

334,000 Shares

---------------------------------------------

8) Shared Dispositive Power

-------------------------------------------------------------------------------

9) Aggregate Amount Beneficially Owned by Each Reporting Person:

334,000 Shares

-------------------------------------------------------------------------------

10) Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares |_|

(See Instructions)

-------------------------------------------------------------------------------

11) Percent of Class Represented by Amount in Row (9):

2.6 %

-------------------------------------------------------------------------------

12) Type of Reporting Person (See Instructions) CO

-------------------------------------------------------------------------------

 

 

 


 

 

CUSIP NO. 64126Q206                                                                                         Page 5 of 11

---------------------------------------------------------------------------------------------------------------------

1) Name and I.R.S. Identification No. of Reporting Person (entities only)

Wynnefield Capital Management, LLC

13-4018186

-------------------------------------------------------------------------------

2) Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

(b) x Reporting person is affiliated with other persons

-------------------------------------------------------------------------------

3) SEC USE ONLY

-------------------------------------------------------------------------------

4) Citizenship or Place of Organization: New York

-------------------------------------------------------------------------------

NUMBER OF SHARES

5) Sole Voting Power:

507,800 Shares (1)

BENEFICIALLY OWNED BY

---------------------------------------------

EACH REPORTING

6) Shared Voting Power

 

PERSON WITH

---------------------------------------------

7) Sole Dispositive Power:

507,800 Shares (1)

---------------------------------------------

8) Shared Dispositive Power

-------------------------------------------------------------------------------

9) Aggregate Amount Beneficially Owned by Each Reporting Person:

507,800 Shares (1)

-------------------------------------------------------------------------------

10) Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares |_|

(See Instructions)

-------------------------------------------------------------------------------

11) Percent of Class Represented by Amount in Row (9):

3.9% (1)

-------------------------------------------------------------------------------

12) Type of Reporting Person: OO (Limited Liability Company)

-------------------------------------------------------------------------------

(1) Wynnefield Capital Management, LLC holds an indirect beneficial interest in these shares which are directly beneficially owned by Wynnefield Partners Small Cap Value, L.P. and Wynnefield Partners Small Cap Value, L.P. I.

 

 

 


 

 

CUSIP NO. 64126Q206                                                                                      Page 6 of 11

---------------------------------------------------------------------------------------------------------------------

1) Name and I.R.S. Identification No. of Reporting Person (entities only)

Wynnefield Capital, Inc. (No IRS Identification No.)

-------------------------------------------------------------------------------

2) Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

(b) x Reporting person is affiliated with other persons

-------------------------------------------------------------------------------

3) SEC USE ONLY

-------------------------------------------------------------------------------

4) Citizenship or Place of Organization: Cayman Islands

-------------------------------------------------------------------------------

NUMBER OF SHARES

5) Sole Voting Power:

334,000 Shares (1)

BENEFICIALLY OWNED BY

---------------------------------------------

EACH REPORTING

6) Shared Voting Power

 

PERSON WITH

---------------------------------------------

7) Sole Dispositive Power:

334,000 Shares (1)

---------------------------------------------

8) Shared Dispositive Power

-------------------------------------------------------------------------------

9) Aggregate Amount Beneficially Owned by Each Reporting Person:

334,000 Shares (1)

-------------------------------------------------------------------------------

10) Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares |_|

(See Instructions)

-------------------------------------------------------------------------------

11) Percent of Class Represented by Amount in Row (9):

2.6 % (1)

-------------------------------------------------------------------------------

12) Type of Reporting Person (See Instructions) CO

-------------------------------------------------------------------------------

(1) Wynnefield Capital, Inc. holds an indirect beneficial interest in these shares which are directly beneficially owned by Wynnefield Small Cap Value Offshore Fund, Ltd.

 

 

 


 

 

CUSIP NO. 64126Q206                                                                                        Page 7 of 11

---------------------------------------------------------------------------------------------------------------------

1) Name And I.R.S. Identification No. Of Reporting Person

Channel Partnership II, L.P. 22-3215653

-------------------------------------------------------------------------------

2) Check The Appropriate Box If A Member Of A Group (See Instructions)

 

(a)

 

 

(b)x Reporting person is affiliated with other persons

-------------------------------------------------------------------------------

3) SEC Use Only

-------------------------------------------------------------------------------

4) Citizenship Or Place Of Organization: Delaware

-------------------------------------------------------------------------------

NUMBER OF SHARES

5) Sole Voting Power:

40,000 Shares

BENEFICIALLY OWNED

--------------------------------------------

BY EACH REPORTING

6) Shared Voting Power

 

PERSON WITH

--------------------------------------------

7) Sole Dispositive Power:

40,000 Shares

--------------------------------------------

8) Shared Dispositive Power

-------------------------------------------------------------------------------

9) Aggregate Amount Beneficially Owned By Each Reporting Person :

40,000 Shares

-------------------------------------------------------------------------------

10) Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares |_|

(See Instructions)

-------------------------------------------------------------------------------

11) Percent of Class Represented by Amount in Row (9):

0.3%

-------------------------------------------------------------------------------

12) Type of Reporting Person (See Instructions) PN

-------------------------------------------------------------------------------

 

 

 


 

 

CUSIP NO. 64126Q206                                                                                        Page 8 of 11

---------------------------------------------------------------------------------------------------------------------

1) Name And I.R.S. Identification No. Of Reporting Person

Nelson Obus

-------------------------------------------------------------------------------

2) Check The Appropriate Box If A Member Of A Group (See Instructions)

 

(a)

 

 

(b)x Reporting person is affiliated with other persons

-------------------------------------------------------------------------------

3) SEC Use Only

-------------------------------------------------------------------------------

4) Citizenship Or Place Of Organization: Delaware

-------------------------------------------------------------------------------

NUMBER OF SHARES

5) Sole Voting Power:

40,000 Shares (1)

BENEFICIALLY OWNED

--------------------------------------------

BY EACH REPORTING

6) Shared Voting Power

 

PERSON WITH

--------------------------------------------

7) Sole Dispositive Power:

40,000 Shares (1)

--------------------------------------------

8) Shared Dispositive Power

-------------------------------------------------------------------------------

9) Aggregate Amount Beneficially Owned By Each Reporting Person :

40,000 Shares (1)

-------------------------------------------------------------------------------

10) Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares |_|

(See Instructions)

-------------------------------------------------------------------------------

11) Percent of Class Represented by Amount in Row (9):

0.3% (1)

-------------------------------------------------------------------------------

12) Type of Reporting Person (See Instructions) IN

-------------------------------------------------------------------------------

(1) Mr. Obus holds an indirect beneficial interest in these shares which are directly beneficially owned by Channel Partnership II, L.P.

 

 

 


 

 

ITEM 1(a). Name of Issuer:

Nevada Gold & Casinos, Inc.

ITEM 1(b). Address of Issuer's Principal Executive Offices:

 

3040 Post Oak Blvd., Suite 675, Houston, Texas 77056

---------------------------------------------------------------------

ITEM 2(a). Names of Persons Filing:

 

Wynnefield Partners Small Cap Value, L.P. ("Partners")

-------------------------------------------------------------------

Wynnefield Partners Small Cap Value, L.P. I ("Partners I")

-------------------------------------------------------------------

Wynnefield Small Cap Value Offshore Fund, Ltd. ("Fund")

-------------------------------------------------------------------

Wynnefield Capital Management, LLC ("WCM")

-------------------------------------------------------------------

Wynnefield Capital, Inc. ("WCI")

-------------------------------------------------------------------

Channel Partnership II, L.P. ("Channel")

-------------------------------------------------------------------

Nelson Obus ("Mr. Obus")

-------------------------------------------------------------------

 

ITEM 2(b). Address of Principal Business Office Or, If None, Residence:

 

450 Seventh Avenue, Suite 509, New York, New York 10123

-------------------------------------------------------------------

ITEM 2(c). Citizenship:

 

Partners and Partners I are Delaware Limited Partnerships

-------------------------------------------------------------------

Fund and WCI are Cayman Islands Companies

-------------------------------------------------------------------

WCM is a New York Limited Liability Company

-------------------------------------------------------------------

Channel is a New York Limited Partnership

-------------------------------------------------------------------

Mr. Obus is an individual

-------------------------------------------------------------------

 

ITEM 2(d). Title of Class of Securities:

 

Common Stock, $0.12 Par Value Per Share

 

 

 


 

 

 

ITEM 2(e). CUSIP Number:

64126Q206

ITEM 3. If this Statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is:

 

None of the reporting persons is an entity specified in Rule 13d-1(b)(1)(ii).

 

ITEM 4.

Ownership:

 

(a) Amount beneficially owned by all reporting persons: 881,800 Shares

 

(b) Percent of class: 6.8% of Common Stock

 

(c) Number of shares as to which the reporting persons have:

 

(i)

sole power to vote or to direct the vote:

881,800 Shares

(ii) shared power to vote or to direct the vote

(iii) sole power to dispose or to direct the disposition:

881,800 Shares

(iv) shared power to dispose or to direct the disposition

 

ITEM 5. Ownership of five percent or less of a class.

 

Not applicable.

ITEM 6. Ownership of more than five percent on behalf of another person.

 

Not applicable.

ITEM 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company.

 

Not applicable.

ITEM 8. Identification and classification of members of the group.

 

None of the reporting persons who have filed this schedule is a person, as defined in Rule    13d-1(b)(1)(ii), promulgated pursuant to the Securities Exchange Act of 1934.

ITEM 9. Notice of dissolution of group.

 

Not applicable.

 

 

 


 

 

ITEM 10. Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection or as a participant in any transaction having that purpose or effect.

Dated:

August 3, 2006

WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P.

 

By:

Wynnefield Capital Management, LLC,

General Partner

 

By:

/s/ Nelson Obus                        

Nelson Obus, Managing Member

WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I

 

By:

Wynnefield Capital Management, LLC,

General Partner

 

 

By:

/s/ Nelson Obus                        

Nelson Obus, Managing Member

WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD.

 

By:

Wynnefield Capital, Inc.

 

 

By:

/s/ Nelson Obus                            

Nelson Obus, President

 

 

CHANNEL PARTNERSHIP II, L.P.

 

 

By:

/s/ Nelson Obus                                                 

Nelson Obus, General Partner

 

WYNNEFIELD CAPITAL MANAGEMENT, LLC

By: /s/ Nelson Obus                                                 

Nelson Obus, Managing Member

 

WYNNEFIELD CAPITAL, INC.

 

By:

/s/ Nelson Obus                                                 

Nelson Obus, President

 

/s/ Nelson Obus                                                         

Nelson Obus, Individually

 

 

 

 


 

 

Exhibit 1

AGREEMENT OF JOINT FILING

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby consent to the joint filing on their behalf of a single Schedule 13G and any amendments thereto, with respect to the beneficial ownership by each of the undersigned of shares of common stock, $0.12 par value per share, of Nevada Gold & Casinos, Inc., a Nevada corporation.

Dated: as of August 3, 2006

WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P.

 

By:

Wynnefield Capital Management, LLC,

 

General Partner

 

By:

/s/ Nelson Obus                      

Nelson Obus, Managing Member

WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I

 

By:

Wynnefield Capital Management, LLC,

General Partner

 

By:

/s/ Nelson Obus                      

Nelson Obus, Managing Member

WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD.

 

By:

Wynnefield Capital, Inc.

 

 

By:

/s/ Nelson Obus                      

Nelson Obus, President

 

CHANNEL PARTNERSHIP II, L.P.

By: /s/ Nelson Obus                                  

Nelson Obus, General Partner

 

WYNNEFIELD CAPITAL MANAGEMENT, LLC

 

By:

/s/ Nelson Obus                                

Nelson Obus, Managing Member

WYNNEFIELD CAPITAL, INC.

By: /s/ Nelson Obus                                  

Nelson Obus, President

 

 

/s/ Nelson Obus                            _______

Nelson Obus, Individually

 

 

 

 

 

 

 

 EX-1 2 e1202454.htm AGREEMENT OF JOINT FILING

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

SCHEDULE 13G

Nevada Gold & Casinos, Inc.

------------------------------------------------------------------------------

(Name of Issuer)

Common Stock, $0.12 Par Value Per Share

-------------------------------------------------------------------------------

(Title of Class of Securities)

64126Q206

------------------------------------------------------------------------------

(CUSIP Number of Class of Securities)

July 28, 2006

------------------------------------------------------------------------------

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule

is filed:

o RULE 13d-1(b)

x RULE 13d-1(c)

o RULE 13d-1(d)

 

 

 


 

 

CUSIP NO. 64126Q206                                                                                         Page 2 of 11

---------------------------------------------------------------------------------------------------------------------

1) Name And I.R.S. Identification No. Of Reporting Person

Wynnefield Partners Small Cap Value, L.P. 13-3688497

-------------------------------------------------------------------------------

2) Check The Appropriate Box If A Member Of A Group (See Instructions)

 

(a)

 

 

(b)x Reporting person is affiliated with other persons

-------------------------------------------------------------------------------

3) SEC Use Only

-------------------------------------------------------------------------------

4) Citizenship Or Place Of Organization: Delaware

-------------------------------------------------------------------------------

NUMBER OF SHARES

5) Sole Voting Power:

207,500 Shares

BENEFICIALLY OWNED

--------------------------------------------

BY EACH REPORTING

6) Shared Voting Power

 

PERSON WITH

--------------------------------------------

7) Sole Dispositive Power:

207,500 Shares

--------------------------------------------

8) Shared Dispositive Power

-------------------------------------------------------------------------------

9) Aggregate Amount Beneficially Owned By Each Reporting Person :

207,500 Shares

-------------------------------------------------------------------------------

10) Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares |_|

(See Instructions)

-------------------------------------------------------------------------------

11) Percent of Class Represented by Amount in Row (9):

1.6%

-------------------------------------------------------------------------------

12) Type of Reporting Person (See Instructions) PN

-------------------------------------------------------------------------------

 

 

 


 

 

CUSIP NO. 64126Q206                                                                                      Page 3 of 11

---------------------------------------------------------------------------------------------------------------------

1) Name and I.R.S. Identification No. of Reporting Person (entities only)

Wynnefield Partners Small Cap Value, L.P. I

13-3953291

-------------------------------------------------------------------------------

2) Check the Appropriate Box If a Member of a Group (See Instructions)

(a)

(b) x Reporting Person is affiliated with other persons

-------------------------------------------------------------------------------

3) SEC USE ONLY

-------------------------------------------------------------------------------

4) Citizenship or Place of Organization: Delaware

-------------------------------------------------------------------------------

NUMBER OF SHARES

5) Sole Voting Power:

300,300 Shares

BENEFICIALLY OWNED

---------------------------------------------

BY EACH REPORTING

6) Shared Voting Power

 

PERSON WITH

---------------------------------------------

7) Sole Dispositive Power:

300,300 Shares

---------------------------------------------

8) Shared Dispositive Power

-------------------------------------------------------------------------------

9) Aggregate Amount Beneficially Owned by Each Reporting Person:

300,300 Shares

-------------------------------------------------------------------------------

10) Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares |_|

(See Instructions)

-------------------------------------------------------------------------------

11) Percent of Class Represented by Amount in Row (9):

2.3 %

-------------------------------------------------------------------------------

12) Type of Reporting Person: PN

-------------------------------------------------------------------------------

 

 

 


 

 

CUSIP NO. 64126Q206                                                                                      Page 4 of 11

---------------------------------------------------------------------------------------------------------------------

1) Name and I.R.S. Identification No. of Reporting Person (entities only)

Wynnefield Small Cap Value Offshore Fund, Ltd. (No IRS Identification No.)

-------------------------------------------------------------------------------

2) Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

(b) x Reporting person is affiliated with other persons

-------------------------------------------------------------------------------

3) SEC USE ONLY

-------------------------------------------------------------------------------

4) Citizenship or Place of Organization: Cayman Islands

-------------------------------------------------------------------------------

NUMBER OF SHARES

5) Sole Voting Power:

334,000 Shares

BENEFICIALLY OWNED BY

---------------------------------------------

EACH REPORTING

6) Shared Voting Power

 

PERSON WITH

---------------------------------------------

7) Sole Dispositive Power:

334,000 Shares

---------------------------------------------

8) Shared Dispositive Power

-------------------------------------------------------------------------------

9) Aggregate Amount Beneficially Owned by Each Reporting Person:

334,000 Shares

-------------------------------------------------------------------------------

10) Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares |_|

(See Instructions)

-------------------------------------------------------------------------------

11) Percent of Class Represented by Amount in Row (9):

2.6 %

-------------------------------------------------------------------------------

12) Type of Reporting Person (See Instructions) CO

-------------------------------------------------------------------------------

 

 

 


 

 

CUSIP NO. 64126Q206                                                                                         Page 5 of 11

---------------------------------------------------------------------------------------------------------------------

1) Name and I.R.S. Identification No. of Reporting Person (entities only)

Wynnefield Capital Management, LLC

13-4018186

-------------------------------------------------------------------------------

2) Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

(b) x Reporting person is affiliated with other persons

-------------------------------------------------------------------------------

3) SEC USE ONLY

-------------------------------------------------------------------------------

4) Citizenship or Place of Organization: New York

-------------------------------------------------------------------------------

NUMBER OF SHARES

5) Sole Voting Power:

507,800 Shares (1)

BENEFICIALLY OWNED BY

---------------------------------------------

EACH REPORTING

6) Shared Voting Power

 

PERSON WITH

---------------------------------------------

7) Sole Dispositive Power:

507,800 Shares (1)

---------------------------------------------

8) Shared Dispositive Power

-------------------------------------------------------------------------------

9) Aggregate Amount Beneficially Owned by Each Reporting Person:

507,800 Shares (1)

-------------------------------------------------------------------------------

10) Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares |_|

(See Instructions)

-------------------------------------------------------------------------------

11) Percent of Class Represented by Amount in Row (9):

3.9% (1)

-------------------------------------------------------------------------------

12) Type of Reporting Person: OO (Limited Liability Company)

-------------------------------------------------------------------------------

(1) Wynnefield Capital Management, LLC holds an indirect beneficial interest in these shares which are directly beneficially owned by Wynnefield Partners Small Cap Value, L.P. and Wynnefield Partners Small Cap Value, L.P. I.

 

 

 


 

 

CUSIP NO. 64126Q206                                                                                      Page 6 of 11

---------------------------------------------------------------------------------------------------------------------

1) Name and I.R.S. Identification No. of Reporting Person (entities only)

Wynnefield Capital, Inc. (No IRS Identification No.)

-------------------------------------------------------------------------------

2) Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

(b) x Reporting person is affiliated with other persons

-------------------------------------------------------------------------------

3) SEC USE ONLY

-------------------------------------------------------------------------------

4) Citizenship or Place of Organization: Cayman Islands

-------------------------------------------------------------------------------

NUMBER OF SHARES

5) Sole Voting Power:

334,000 Shares (1)

BENEFICIALLY OWNED BY

---------------------------------------------

EACH REPORTING

6) Shared Voting Power

 

PERSON WITH

---------------------------------------------

7) Sole Dispositive Power:

334,000 Shares (1)

---------------------------------------------

8) Shared Dispositive Power

-------------------------------------------------------------------------------

9) Aggregate Amount Beneficially Owned by Each Reporting Person:

334,000 Shares (1)

-------------------------------------------------------------------------------

10) Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares |_|

(See Instructions)

-------------------------------------------------------------------------------

11) Percent of Class Represented by Amount in Row (9):

2.6 % (1)

-------------------------------------------------------------------------------

12) Type of Reporting Person (See Instructions) CO

-------------------------------------------------------------------------------

(1) Wynnefield Capital, Inc. holds an indirect beneficial interest in these shares which are directly beneficially owned by Wynnefield Small Cap Value Offshore Fund, Ltd.

 

 

 


 

 

CUSIP NO. 64126Q206                                                                                        Page 7 of 11

---------------------------------------------------------------------------------------------------------------------

1) Name And I.R.S. Identification No. Of Reporting Person

Channel Partnership II, L.P. 22-3215653

-------------------------------------------------------------------------------

2) Check The Appropriate Box If A Member Of A Group (See Instructions)

 

(a)

 

 

(b)x Reporting person is affiliated with other persons

-------------------------------------------------------------------------------

3) SEC Use Only

-------------------------------------------------------------------------------

4) Citizenship Or Place Of Organization: Delaware

-------------------------------------------------------------------------------

NUMBER OF SHARES

5) Sole Voting Power:

40,000 Shares

BENEFICIALLY OWNED

--------------------------------------------

BY EACH REPORTING

6) Shared Voting Power

 

PERSON WITH

--------------------------------------------

7) Sole Dispositive Power:

40,000 Shares

--------------------------------------------

8) Shared Dispositive Power

-------------------------------------------------------------------------------

9) Aggregate Amount Beneficially Owned By Each Reporting Person :

40,000 Shares

-------------------------------------------------------------------------------

10) Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares |_|

(See Instructions)

-------------------------------------------------------------------------------

11) Percent of Class Represented by Amount in Row (9):

0.3%

-------------------------------------------------------------------------------

12) Type of Reporting Person (See Instructions) PN

-------------------------------------------------------------------------------

 

 

 


 

 

CUSIP NO. 64126Q206                                                                                        Page 8 of 11

---------------------------------------------------------------------------------------------------------------------

1) Name And I.R.S. Identification No. Of Reporting Person

Nelson Obus

-------------------------------------------------------------------------------

2) Check The Appropriate Box If A Member Of A Group (See Instructions)

 

(a)

 

 

(b)x Reporting person is affiliated with other persons

-------------------------------------------------------------------------------

3) SEC Use Only

-------------------------------------------------------------------------------

4) Citizenship Or Place Of Organization: Delaware

-------------------------------------------------------------------------------

NUMBER OF SHARES

5) Sole Voting Power:

40,000 Shares (1)

BENEFICIALLY OWNED

--------------------------------------------

BY EACH REPORTING

6) Shared Voting Power

 

PERSON WITH

--------------------------------------------

7) Sole Dispositive Power:

40,000 Shares (1)

--------------------------------------------

8) Shared Dispositive Power

-------------------------------------------------------------------------------

9) Aggregate Amount Beneficially Owned By Each Reporting Person :

40,000 Shares (1)

-------------------------------------------------------------------------------

10) Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares |_|

(See Instructions)

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11) Percent of Class Represented by Amount in Row (9):

0.3% (1)

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12) Type of Reporting Person (See Instructions) IN

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(1) Mr. Obus holds an indirect beneficial interest in these shares which are directly beneficially owned by Channel Partnership II, L.P.

 

 

 


 

 

ITEM 1(a). Name of Issuer:

Nevada Gold & Casinos, Inc.

ITEM 1(b). Address of Issuer's Principal Executive Offices:

 

3040 Post Oak Blvd., Suite 675, Houston, Texas 77056

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ITEM 2(a). Names of Persons Filing:

 

Wynnefield Partners Small Cap Value, L.P. ("Partners")

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Wynnefield Partners Small Cap Value, L.P. I ("Partners I")

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Wynnefield Small Cap Value Offshore Fund, Ltd. ("Fund")

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Wynnefield Capital Management, LLC ("WCM")

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Wynnefield Capital, Inc. ("WCI")

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Channel Partnership II, L.P. ("Channel")

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Nelson Obus ("Mr. Obus")

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ITEM 2(b). Address of Principal Business Office Or, If None, Residence:

 

450 Seventh Avenue, Suite 509, New York, New York 10123

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ITEM 2(c). Citizenship:

 

Partners and Partners I are Delaware Limited Partnerships

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Fund and WCI are Cayman Islands Companies

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WCM is a New York Limited Liability Company

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Channel is a New York Limited Partnership

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Mr. Obus is an individual

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ITEM 2(d). Title of Class of Securities:

 

Common Stock, $0.12 Par Value Per Share

 

 

 


 

 

 

ITEM 2(e). CUSIP Number:

64126Q206

ITEM 3. If this Statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is:

 

None of the reporting persons is an entity specified in Rule 13d-1(b)(1)(ii).

 

ITEM 4.

Ownership:

 

(a) Amount beneficially owned by all reporting persons: 881,800 Shares

 

(b) Percent of class: 6.8% of Common Stock

 

(c) Number of shares as to which the reporting persons have:

 

(i)

sole power to vote or to direct the vote:

881,800 Shares

(ii) shared power to vote or to direct the vote

(iii) sole power to dispose or to direct the disposition:

881,800 Shares

(iv) shared power to dispose or to direct the disposition

 

ITEM 5. Ownership of five percent or less of a class.

 

Not applicable.

ITEM 6. Ownership of more than five percent on behalf of another person.

 

Not applicable.

ITEM 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company.

 

Not applicable.

ITEM 8. Identification and classification of members of the group.

 

None of the reporting persons who have filed this schedule is a person, as defined in Rule    13d-1(b)(1)(ii), promulgated pursuant to the Securities Exchange Act of 1934.

ITEM 9. Notice of dissolution of group.

 

Not applicable.

 

 

 


 

 

ITEM 10. Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection or as a participant in any transaction having that purpose or effect.

Dated:

August 3, 2006

WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P.

 

By:

Wynnefield Capital Management, LLC,

General Partner

 

By:

/s/ Nelson Obus                        

Nelson Obus, Managing Member

WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I

 

By:

Wynnefield Capital Management, LLC,

General Partner

 

 

By:

/s/ Nelson Obus                        

Nelson Obus, Managing Member

WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD.

 

By:

Wynnefield Capital, Inc.

 

 

By:

/s/ Nelson Obus                            

Nelson Obus, President

 

 

CHANNEL PARTNERSHIP II, L.P.

 

 

By:

/s/ Nelson Obus                                                 

Nelson Obus, General Partner

 

WYNNEFIELD CAPITAL MANAGEMENT, LLC

By: /s/ Nelson Obus                                                 

Nelson Obus, Managing Member

 

WYNNEFIELD CAPITAL, INC.

 

By:

/s/ Nelson Obus                                                 

Nelson Obus, President

 

/s/ Nelson Obus                                                         

Nelson Obus, Individually

 

 

 

 


 

 

Exhibit 1

AGREEMENT OF JOINT FILING

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby consent to the joint filing on their behalf of a single Schedule 13G and any amendments thereto, with respect to the beneficial ownership by each of the undersigned of shares of common stock, $0.12 par value per share, of Nevada Gold & Casinos, Inc., a Nevada corporation.

Dated: as of August 3, 2006

WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P.

 

By:

Wynnefield Capital Management, LLC,

 

General Partner

 

By:

/s/ Nelson Obus                      

Nelson Obus, Managing Member

WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I

 

By:

Wynnefield Capital Management, LLC,

General Partner

 

By:

/s/ Nelson Obus                      

Nelson Obus, Managing Member

WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD.

 

By:

Wynnefield Capital, Inc.

 

 

By:

/s/ Nelson Obus                      

Nelson Obus, President

 

CHANNEL PARTNERSHIP II, L.P.

By: /s/ Nelson Obus                                  

Nelson Obus, General Partner

 

WYNNEFIELD CAPITAL MANAGEMENT, LLC

 

By:

/s/ Nelson Obus                                

Nelson Obus, Managing Member

WYNNEFIELD CAPITAL, INC.

By: /s/ Nelson Obus                                  

Nelson Obus, President

 

 

/s/ Nelson Obus                            _______

Nelson Obus, Individually

 

 

 

 

 

 

 

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