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Lakes Entertainment Company Profile

Lakes Entertainment, Inc. (Lakes) has development agreements for various Indian-owned casino properties and intends to manage such casinos when applicable regulatory approvals have been received and other contingencies have been satisfied. In addition,

 
Lakes Entertainment History

1998: CGI Lakes established as successor to the Indian gaming business of Grand Casinos (which is absorbed by Park Place Entertainment); its name is soon changed to Lakes Gaming

1998: Lakes assumed management contracts formerly held by Grand Casinos for two Louisiana Indian casinos, Grand Casino Coushatta and Grand Casino Avoyelles

2000: Grand Casino Avoyelles management contract terminated by early buyout

2002: Grand Casino Coushatta management contract expired

2002: Lakes Gaming changed name to Lakes Entertainment

2002: World Poker Tour Enterprises founded by Steven Lipscomb, and Lakes Poker Tour, LLC, a wholly-owned subsidiary of Lakes Entertainment, Inc

2004: WPTE went public

2005: WPTE launched a World PokerTour- branded real-money gaming website. WPTonline.com featuring a live multiplayer poker room with head-to-head and tournament play, based in Alderney

2006: 7 year management contract with Cimmaron Casino began

2006: Cimmaron Casino opened in Perkins, Oklahoma

2007: NIGC approved a 5 year management contract of the Four Winds Casino

2007: Four Winds Casino opened in New Buffalo Michigan

2008:Lakes Entertainment funded Issue 6 on Ohio's ballot. The proposed casino would have cost $600,000,000 and be built near Wilmington, Ohio. The ballot was defeated 62-37, this is the fourth time Ohio has rejected a casino since 1990.

2008: Lakes Entertainment declared a noncash dividend consisting of all of the shares of WPTE then owned by Lakes. Lakes previously owned 12,480,000 or approximately 61% of the outstanding common stock of WPTE, a separate publicly-held media and entertainment company.

2008: Red Hawk Casino opened in Sacramento California

2009: Lakes Entertainment funded (approx. 4.3 million) a referendum to ammend the Ohio constitution to authorize gaming, it passed on November 3rd

2010: Lakes entered into a management agreement for a proposed casino in Tunica, Mississippi

2010: Lakes ends management of Cimarron casino

2011: Lakes ends management of Four Winds casino

2011: Lakes sells the rights to “Four The Money,” “Bonus Craps,” “Roulette Craps” and “Rainbow Poker.”

2012: Lakes terminates management contract with Jamul Tribe

2013: Rocky Gap Casino Resort opened in Marylanf

Lakes Entertainment : Current Properties/Products

Casinos

Sacramento, California

Red Hawk Casino (7 year management contract)

Allegheny County, Maryland

Rocky Gap Casino Resort

Casino Games

WPT All-In Hold 'Em

Lakes Entertainment: Financial Info online

Publicly-accessible sites

Google Finance profile

Yahoo company profile

Reuters company profile

InvestorGuide company profile

Lakes Gaming Investor Relations

SEC filings (Lakes Site) | SEC filings (finance.yahoo)

Annual Reports (1998-present)

For more detailed information, check out these databases. Note: use is restricted to current UNLV faculty, staff, and students.


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Last modified Wednesday, 21-May-2014 14:00:07 PDT