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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                 FORM 10-K/A

             ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                 For the fiscal year Ended
                        March 31, 1996                   0-8927

                       NEVADA GOLD & CASINOS, INC.           
             (Exact name of registrant as specified in its charter)

          Nevada                                           88-0142032
(State or other jurisdiction                             (IRS Employer      
     of incorporation)                               Identification Number)


   3040 Post Oak Blvd., Suite 675, Houston, Texas              77056
     (Address of principal executive offices)                (Zip Code)

Registrant's telephone number:  (713) 621-2245

Securities registered pursuant to Section 12(b) of the Act: NONE 

Securities registered pursuant to Section 12(g) of the Act:

                     Common Stock, Par Value $.04 Per Share
                                (Title of Class)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days. (1) Yes  X   No ___   (2) Yes  X   No ___

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive proxy or information Form 10-K or
any amendment to this Form 10-K. _____

The aggregate market value of Common Stock held by non-affiliates of the
Registrant at March 31, 1996, based upon the last reported sales price of the
NASDAQ Bulletin Board, was $42,264,605.

Portions of the Registrant's definitive proxy statement for its annual meeting
of stockholders to be held in October 1996 (are incorporated in) Part III of
this Form 10-K.

At March 31,1996, 24,292,114 shares of common stock outstanding.

Documents incorporated by reference:   NONE





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                        NOTES TO FINANCIAL STATEMENTS
                                MARCH 31, 1996
                                      
(b)  REPORTS ON FORM 8-K
     
(c)  EXHIBITS


        *3.1    -  Articles of Incorporation
 
        *3.1a   -  Amendment to Articles of Incorporation

        *3.2    -  By-laws

        10      -  Operating Agreement Caesars Black Hawk, LLC.

       *21      -  Subsidiaries of the Registrant

        27      -  Financial Data Schedule

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* Previously filed
     




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                                   SIGNATURES

         Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, hereunto duly authorized

         NEVADA GOLD & CASINOS, INC.


         By: /s/ H. Thomas Winn                                   July 2, 1996
            ----------------------------
             H. Thomas Winn, President


         Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed by the following person on behalf of the Registrant
and in the capacity and on the date indicated.



         NAME & POSITION                                                                              DATE
                                                                                           

         /s/ H. Thomas Winn
         -----------------------------
         H.Thomas Winn, President                                                             July 2, 1996
                                                                                                  
         /s/ Paul J. Burkett                                                                      
         -----------------------------                                                                      
         Paul J. Burkett, Director                                                            July 2, 1996
         Vice President - Mining

         /s/ Fred N. Holabird                                                                 July 2, 1996
         -----------------------------                                                                                       
         Fred N. Holabird, Director

         /s/ William G. Jayroe                                                                July 2, 1996
         -----------------------------                                                                              
         William G. Jayroe, Director

          /s/ David K. McCaleb                                                                July 2, 1996
          ----------------------------                                                                       
          David K. McCaleb, Treasurer





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                        INDEX TO EXHIBITS



        *3.1    -  Articles of Incorporation
 
        *3.1a   -  Amendment to Articles of Incorporation

        *3.2    -  By-laws

        10      -  Operating Agreement Caesars Black Hawk, LLC.

       *21      -  Subsidiaries of the Registrant

        27      -  Financial Data Schedule

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* Previously filed