Exhibit 21
SUBSIDIARIES OF NEVADA GOLD & CASINOS, INC.
| WHOLLY-OWNED SUBSIDIARIES | STATE OF INCORPORATION |
| CGC Holdings, LLC | Nevada |
| CGE Assets, Inc. | |
| (formerly, Colorado Grande Enterprises, Inc.) | Colorado |
| Gold Mountain Development, LLC | Colorado |
| Gold River, LLC | Nevada |
| Nevada Gold BVR, L.L.C. | Nevada |
| Nevada Gold Management Services, LLC | Texas |
| NG Washington, LLC | Washington |
| NG Washington II, LLC | Washington |
| NG Washington II Holdings, LLC | Delaware |
| NG Washington III, LLC | Washington |
| NG Washington IV, LLC | Washington |
| NG South Dakota, LLC | South Dakota |
| A.G. Trucano, Son & Grandsons, Inc. | South Dakota |
| Nevada Gold Speedway, LLC | Nevada |
| Nevada Gold & Casinos LV, LLC | Nevada |
| PARTIALLY OWNED SUBSIDIARIES | |
| Texas City Limits, LLC | Texas |