Company Website:
http://www.lakesentertainment.com
MINNEAPOLIS -- (Business Wire)
Lakes Entertainment, Inc. (NASDAQ: LACO) announced it will host a
conference call and webcast to discuss the Company's fourth quarter and
full year 2014 financial results on Thursday, March 12, 2015, at 1:00
p.m. Central Time (2:00 p.m. Eastern). The Company will issue financial
results prior to the call.
Chairman of the Board and Chief Executive Officer Lyle Berman, and
President and Chief Financial Officer Tim Cope, will recap the fourth
quarter and full year results and provide a business update.
WHEN:
Thursday, March 12, 2015
Conference Call: 1:00 p.m. Central Time
(2:00 p.m. Eastern Time)
Dial-in Number: 877-474-9501
Passcode:
47763301
WEBCAST: To listen to a live webcast of the conference
call, go to Lakes' web site, www.lakesentertainment.com,
and click on "Conference Call."
The webcast replay will be available from 5:00 p.m. Central Time, March
12, 2015, until 12:00 p.m. Central Time on March 19, 2015, on the Lakes
Entertainment website at www.lakesentertainment.com.
Listening to the webcast requires speakers and Windows Media Player. If
you do not have Media Player, download the free software at www.windowsmedia.com.
If you do not have Internet access and want to listen to an audio
replay, call 888-286-8010 and enter conference call passcode 39631900.
The audio replay will be available beginning at 5:00 p.m. Central Time,
March 12, 2015, until 12:00 p.m. Central Time, March 19, 2015.
About Lakes Entertainment
Lakes Entertainment, Inc. currently owns the Rocky Gap Casino Resort
near Cumberland, Maryland. For more information, please visit www.lakesentertainment.com.
On January 25, 2015, Lakes entered into an agreement and plan of merger
with Sartini Gaming, Inc. (“Golden Gaming”). Golden Gaming is a leading
owner and operator of distributed gaming, taverns and casinos, all of
which are focused on the Nevada local gaming market. The merger is
subject to various closing conditions.
Forward-Looking Statements
Statements in this press release include forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements include, among others, the
expected benefits of a potential combination of Lakes and Sartini
Gaming, Inc. (“Golden Gaming”) pursuant to an agreement and plan of
merger (the “Merger Agreement”) and expectations about future business
plans, prospective performance and opportunities; the expected timing of
the completion of the transaction; the obtaining of required regulatory
approvals and approval by Lakes’ shareholders. These forward-looking
statements may be identified by the use of words such as “expect,”
“anticipate,” “believe,” “estimate,” “potential,” “should”, “will” or
similar words intended to identify information that is not historical in
nature. These forward-looking statements are based on current
expectations and assumptions of management of Lakes and Golden Gaming
and are subject to risks, uncertainty and changes in circumstances that
could cause the actual events and results in future periods to differ
materially from the expectations of Lakes and Golden Gaming and those
expressed or implied by these forward-looking statements. The inclusion
of such statements should not be regarded as a representation that such
plans, estimates or expectations will be achieved. These risks,
uncertainties and changes in circumstances include (a) the possibility
that the merger does not close when expected or at all; (b) the ability
and timing to obtain required regulatory approvals (including approval
from gaming regulators) and Lakes’ shareholder approval, and to satisfy
or waive other closing conditions, including expiration of the waiting
period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976,
or that the parties to the Merger Agreement may be required to modify
aspects of the transaction to achieve regulatory approval; (c) the
occurrence of any event, change or other circumstance that could give
rise to the termination of the Merger Agreement or could otherwise cause
the merger to fail to close; (d) the ability of Lakes and Golden Gaming
to promptly and effectively integrate their respective businesses; (e)
the outcome of any legal proceedings that may be instituted in
connection with the transaction; (f) the receipt of an unsolicited offer
from another party for an alternative business transaction that could
interfere with the proposed merger; (g) the ability to retain key
employees of Lakes and Golden Gaming; (h) that there may be a material
adverse change affecting Lakes or Golden Gaming, or that the respective
businesses of Lakes or Golden Gaming may suffer as a result of
uncertainty surrounding the transaction; and (i) the risk factors
disclosed in Lakes’ filings with the Securities and Exchange Commission
("the SEC"), including its Annual Report on Form 10-K. Forward-looking
statements reflect Lakes’ and Golden Gaming’s management’s analysis and
expectations only as of the date of this press release, and Lakes does
not undertake to update or revise these statements, whether written or
oral, to reflect subsequent developments, except as required under the
federal securities laws. Readers are cautioned not to place undue
reliance on any of these forward-looking statements.
Contacts:
Lakes Entertainment, Inc.
Timothy Cope, 952-449-7030
Source: Lakes Entertainment, Inc.
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