<PAGE>
 
                                 SCHEDULE 14C
                                (Rule 14c-101)

                 INFORMATION REQUIRED IN INFORMATION STATEMENT
                           SCHEDULE 14C INFORMATION
                INFORMATION STATEMENT PURSUANT TO SECTION 14(C)
                    OF THE SECURITIES EXCHANGE ACT OF 1934
                                        
Filed by the Registrant  [X]

Check the appropriate box:

[X]  Preliminary Information Statement        [ ] Confidential, For Use of the
                                                  Commission Only (as Permitted
                                                  by Rule 14c-5(d)(2)
[ ]  Definitive Information Statement

                          NEVADA GOLD & CASINOS, INC.
                ----------------------------------------------
                Name of Registrant as Specified in its Charter

Payment of Filing Fee (Check the appropriate box):

[X]  No fee required.

[ ]  Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.

     (1) Title of each class of securities to which transaction applies:  
         Common Stock

     (2) Aggregate number of securities to which transaction applies: 417,320

     (3)  Per unit price or other underlying value of transaction computed
          pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
          filing fee is calculated and state how it was
          determined):_______________.

     (4) Proposed maximum aggregate value of transaction:  _______________.

     (5) Total fee paid:  _________________.

[ ]  Fee paid previously with preliminary materials.

[ ]  Check box if any part of the fee is offset as provided by Exchange Act 
     Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
     paid previously. Identify the previous filing by registration statement
     number, or the form or schedule and the date of its filing.

     (1) Amount Previously Paid: ______________________________________.

     (2) Form, Schedule or Registration Statement No.: _____________________.

     (3) Filing Party: _________________________________________________.

     (4) Date Filed:  ______________________________.

<PAGE>
 
                          NEVADA GOLD & CASINOS, INC.
                                        
                        3040 Post Oak Blvd., Suite 675
                             Houston, Texas  77056


                      INFORMATION STATEMENT FOR ACTION BY
                        WRITTEN CONSENT OF STOCKHOLDERS

                       MAILING DATE:  SEPTEMBER __, 1997

                WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE 
                       NOT REQUESTED TO SEND US A PROXY
                                        

     This Information Statement is furnished to each of the stockholders of
Nevada Gold & Casinos, Inc., a Nevada corporation (the "Company"), in connection
with the taking of action by the written consent (the "Written Consent") of the
majority of stockholders (the "Majority Stockholders") of the Company, which
Written Consent shall be effective September 28, 1997. YOU ARE NOT BEING ASKED
FOR A PROXY NOR TO VOTE ON THIS MATTER. THIS DOCUMENT IS FOR INFORMATIONAL
PURPOSES ONLY.

RECORD DATE

     The close of business on September 28, 1997, which is the date the Written
Consent will be adopted by the Majority Stockholders, was fixed by the Board of
Directors of the Company as the record date for the determination of the
stockholders entitled to receive this Information Statement pursuant to
applicable provisions of the Nevada Revised Statutes. As of July 31, 1997, there
were [8,417,320] shares of the Company's common stock, par value $0.12 per share
("Common Stock"), issued and outstanding. Each of the issued and outstanding
shares of Common Stock is entitled to one vote on each matter that is submitted
for voting at any meeting of the stockholders of the Company.

     In accordance with Section 78.018 of the Nevada Revised Statutes, whenever
stockholders are required or permitted to take any action, such action may be
taken without a meeting by means of a written consent setting forth the action
to be so taken, signed by the holders of a majority of all of the outstanding
shares entitled to vote thereon.

ACTION TO BE TAKEN WITH RESPECT TO DISPOSITION OF PROPERTY

     In August 1997, the Board of Directors of the Company authorized and
approved certain actions on behalf of the Company and Blackhawk Gold, Ltd., a
Colorado corporation and wholly-owned subsidiary of the Company ("Blackhawk
Gold"), regarding certain matters relating to the construction, development and
operation of a casino and related facilities (the "Casino Facility") located in
the City of Black Hawk, Colorado, in accordance with that certain Members
Agreement dated July 29, 1997 (the "Members Agreement"), by and among the
Company, Casino America of Colorado, Inc., a Colorado corporation ("CAC"),
Casino America, Inc., a Delaware corporation, and Blackhawk Gold, and that
certain Amended and Restated Operating Agreement dated July 29, 1997 (the
"Operating Agreement"), by and among CAC and Blackhawk Gold.  In connection
with the Casino Facility, CAC and Blackhawk Gold formed the Isle of Capri Black
Hawk L.L.C., a Colorado limited liability company ("ICBH") whose members are CAC
and Blackhawk Gold.  The Casino Facility will be developed and constructed by
ICBH on certain contiguous parcels of land 

                                       2

<PAGE>
 
(the "Blackhawk Gold Parcel") which were owned by the Company and conveyed to
ICBH by the Company on behalf of Blackhawk Gold, in satisfaction of the
requirement of the initial capital contribution of Blackhawk Gold under the
Operating Agreement and the Members Agreement in consideration of the issuance
of a 45% ownership interest in and to ICBH (which interest was subsequently
adjusted to 40.8% pursuant to the Members Agreement). The Blackhawk Gold Parcel,
on which the Casino Facility is to be constructed, consists of an approximately
6.25 acre parcel of undeveloped land located in the City of Black Hawk,
Colorado, which is located approximately 40 miles west of Denver, Colorado. In
1991, the State of Colorado approved limited stakes gaming on certain parcels of
land within the State of Colorado including the Blackhawk Gold Parcel.

     In connection with the Casino Facility, with the Board approval given in
August 1997, the Company also entered into that certain Purchase Agreement dated
August 14, 1997 (the "Purchase Agreement"), by and among the Company, ICBH, CAC,
Isle of Capri Black Hawk Capital Corp., a Colorado corporation, and Jefferies &
Company, Inc., with respect to that certain Offering Circular (the "Offering
Circular") dated August 14, 1997, relating to the offer and sale of ICBH's
$75,000,000 13% first mortgage notes due 2004, which offer and sale was
consummated on August 20, 1997.  The proceeds of this sale will be used for the
construction and operation of the Casino Facility.

     ICBH was organized as a limited liability company under the laws of
Colorado in April 1997, by Casino America of Colorado, Inc. and Blackhawk Gold,
Ltd.  Since its organization, ICBH has been in the development stage, and its
activities have been limited to applying for necessary permits, licenses and
approvals; arranging for the design and construction of the Casino Facility;
arranging for the financing for the Casino Facility; and arranging for the
contribution to ICBH of certain real estate parcels and other capital
contributions.

     ICBH has not yet obtained the state of Colorado licenses required to
conduct gaming activities at the Casino Facility.  To the Company's knowledge,
no other federal or state regulatory requirements must be complied with or
approvals obtained in connection with the above-described transactions.

     The executive offices of ICBH are located at 711 Washington Loop, Biloxi,
Mississippi 39530.

WRITTEN CONSENT

     By unanimous written consent dated August 14, 1997, the Board of Directors
of the Company and the Company as the sole stockholder of Blackhawk Gold,
approved and authorized the conveyance of the Blackhawk Gold Parcel by the
Company to Blackhawk Gold as well as the selected transactions described in this
Information Statement. The Board of Directors has determined that stockholder
approval and/or ratification of the Purchase Agreement and the transactions
contemplated thereby, including, without limitation, the conveyance of the
Blackhawk Gold Parcel, are not required under the applicable provisions of the
Nevada Revised Statutes.

     Notwithstanding the determination of the Board of Directors that
stockholder approval and/or ratification are not required to effect and carry
out the transactions contemplated by the Purchase Agreement, including, without
limitation, the conveyance of the Blackhawk Gold Parcel, for the avoidance of
any doubt that the transactions described above have all been duly authorized,
on August 14 1997, Winstock Mining Corporation, a Colorado corporation, Clay
County Holdings, Inc., a Colorado corporation, Aaminex Capital Corporation, a
Texas corporation, Paul J. Burkett, an individual, William J. Jayroe, an
individual, and Hubert T. Wen, an individual (collectively the "Majority
Stockholders"), agreed in writing to approve and ratify by majority consent of
the stockholders of the Company, the Purchase Agreement, and all the
transactions contemplated thereby including, without limitation, the conveyance
of the Blackhawk Gold Parcel

                                       3

<PAGE>
 
by the Company to Blackhawk Gold. As of [August 29, 1997], the Majority
Stockholders legally and beneficially owned an aggregate of [5,105,998] shares
of Common Stock of the Company, constituting approximately [60.7%] of all of the
issued and outstanding shares of Common Stock of the Company.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     The following table sets forth, as of July 31, 1997, the number and
percentages of issued and outstanding shares of Common Stock owned by:  (i) each
person known to the Company to beneficially own 5% or more of the issued and
outstanding shares of Common Stock; (ii) each director of the Company; and (iii)
all officers and directors of the Company as a group.

     Name and Address of                  Number of Shares      Percent       
      Beneficial Owner                         Owned            of Class       
     -------------------                  ----------------      --------       

     Winstock Mining Corporation (U.S.)       1,669,580          19.84%       
       1506 - 2008 Fullerton Avenue                                           
       North Vancouver, British Columbia                                      
       V7P 3G7                                                                
                                                                              
     H. Thomas Winn                           1,532,898/1/       18.17%       
       3040 Post Oak Blvd., Suite 675                                         
       Houston, Texas  77056                                                  
                                                                              
     David K. McCaleb                         2,884,908/2/       34.27%       
       3040 Post Oak Blvd., Suite 675                                         
       Houston, Texas  77056                                                  
                                                                              
     Paul J. Burkett                            277,526/3/        3.29%       
       P.O. Box 761                                                           
       Goldfield, Nevada  89013                                               
                                                                              
     Hubert T. Wen                              103,169/4/        1.22%        
       P.O. Box 571595
       Houston, Texas  77257-1595

______________________
/1/  Except for options to purchase 18,334 shares, all of the shares listed are
     controlled directly or indirectly through Aaminex Capital Corporation, of
     which H. Thomas Winn is President. 1,333,334 of these shares are the
     subject of an option agreement to exercise the shares held by Winstock
     Mining Corporation (U.S.). As long as the option remains contingent and
     unexercised, Mr. Winn exercises no voting or investment power with respect
     to the shares subject to the options. The shares listed are the same shares
     owned by Winstock Mining Corporation (U.S.). The information in this table
     shall not be construed as a statement that Mr. Winn is the beneficial owner
     of the securities covered by the statement for purposes of Section 13(d) or
     13(g) of the Securities Act of 1933.

/2/  Mr. McCaleb, the Secretary of the Company, is also the President of Clay
     County Holdings, Inc. Except for 250 shares owned personally by 
     Mr. McCaleb, the shares indicated are the shares held by Clay County
     Holdings., Inc. as set forth above in the table of Beneficial Owners. Mr.
     McCaleb is the son-in-law of H. Thomas Winn, the President of the Company.

/3/  Included in Mr. Burkett's beneficial ownership are options to purchase
     18,334 shares.

/4/  Included in Mr. Wen's beneficial ownership are options to purchase 5,000
     shares.

                                       4

<PAGE>
 
     Elizabeth A. Woods                          13,889           .12%
       3040 Post Oak Blvd., Suite 675
       Houston, Texas 77056

     William G. Jayroe                           18,752/5/        .22%
       7030 Empire Central Drive
       Houston, Texas  77040

     Aaminex Capital Corp.                    1,514,564/1/       17.95%
       3040 Post Oak Blvd., Suite 675
       Houston, Texas  77056

     Clay County Holdings, Inc.               2,884,658/2/      34.27%
       3040 Post Oak Blvd., Suite 675
       Houston, Texas  77056

     All directors and officers               4,831,142          57.03%
       as a group (6 persons)
       /1/,/2/,/3/,/4/,/5/


COSTS AND EXPENSES

     The Company and/or its affiliates will bear the cost of delivery of this
Information Statement to its stockholders.  Arrangements are also being made
with brokerage houses and any other custodians, nominees, and fiduciaries for
the forwarding of this Information Statement to the beneficial owners of the
Company, and the Company and/or its affiliates will reimburse any such broker,
custodians, nominees, and fiduciaries for the reasonable out-of-pocket expenses
incurred by them.

                                       BY ORDER OF THE BOARD OF DIRECTORS



                                        /s/ 
                                       ______________________________________
                                       David K. McCaleb, Secretary

______________________
/5/  Included in Mr. Jayroe's beneficial ownership are options to purchase
     12,084 shares.

                                       5