Lakes Entertainment (NASDAQ:LACOE)
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From Jun 2019 to Jun 2024
Lakes Entertainment, Inc. (Nasdaq:LACOE). Lakes
Entertainment, Inc. announced today that the Company has posted an
updated investor presentation to its corporate website. Included in
this presentation is an update on Lakes' various casino projects, an
updated business overview, including an unaudited cash position as of
March 31, 2005, and an outline of the Company's 2005 strategic
objectives. Interested parties may view the investor presentation at
www.lakesentertainment.com.
About Lakes Entertainment
Lakes Entertainment, Inc. currently has development and management
agreements with six separate Tribes for new casino operations in
Michigan, California, Texas and Oklahoma, a total of nine separate
casino sites. In addition, Lakes has announced plans to develop a
company owned casino resort project in Vicksburg, Mississippi. The
Company also owns approximately 64% of WPT Enterprises, Inc. (Nasdaq
"WPTE"), a separate publicly held media and entertainment company
principally engaged in the development, production and marketing of
gaming themed televised programming including the World Poker Tour
television series, the licensing and sale of branded products and the
sale of corporate sponsorships.
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements. Certain information
included in this press release (as well as information included in
oral statements or other written statements made or to be made by
Lakes Entertainment, Inc.) contains statements that are
forward-looking, such as statements relating to plans for future
expansion and other business development activities as well as other
capital spending, financing sources and the effects of regulation
(including gaming and tax regulation) and competition. Such
forward-looking information involves important risks and uncertainties
that could significantly affect anticipated results in the future and,
accordingly, such results may differ from those expressed in any
forward-looking statements made by or on behalf of the Company. These
risks and uncertainties include, but are not limited to, SEC staff
comments that question various aspects of Lakes' financial statements,
which comments have not yet been resolved; possible delays in
completion of Lakes' casino projects, including various regulatory
approvals and numerous other conditions which must be satisfied before
completion of these projects; possible termination or adverse
modification of management contracts; highly competitive industry;
possible changes in regulations; reliance on continued positive
relationships with Indian tribes and repayment of amounts owed to
Lakes by Indian tribes; possible need for future financing to meet
Lakes' expansion goals; risks of entry into new businesses; reliance
on Lakes' management; the fact that the WPT shares held by Lakes are
currently not liquid assets, and there is no assurance that Lakes will
be able to realize value from these holdings equal to the current or
future market value of WPT common stock; and the possibility that the
Company's shares may be delisted from the Nasdaq Stock Market,
following a hearing and consideration by Nasdaq, due to the Company's
failure to file its Form 10-K for the year ended January 2, 2005 on a
timely basis. There are also risks and uncertainties relating to WPT
that may have a material effect on the Company's consolidated results
of operations or the market value of the WPT shares held by the
Company, including WPT's significant dependence on the Travel Channel
as a source of revenue; the potential that WPT's television
programming will fail to maintain a sufficient audience; the risk that
competitors with greater financial resources or marketplace presence
might develop television programming that would directly compete with
WPT's television programming; the risk that WPT may not be able to
protect its entertainment concepts, current and future brands and
other intellectual property rights; risks associated with future
expansion into new or complementary businesses; the termination or
impairment of WPT's relationships with key licensing and strategic
partners; and WPT's dependence on its senior management team. For more
information, review the Company's filings with the Securities and
Exchange Commission.